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        Bank of Portugal

         Government to cash in as gold prices hit new record
        0
        By Christopher Graeme
        In Assets, Bank of Portugal, News
        Posted 1 Fevereiro, 2023

        Government to cash in as gold prices hit new record

        Portugal has one of the largest gold reserves in Europe with the Bank of Portugal’s 382.6 tonnes valued at €19.8Bn in 2021. But the expression ‘as good as gold’ is now even better as Portugal’s [...]

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         Prime Minister’s letter “undermined confidence” in troubled bank
        0
        By Christopher Graeme
        In Bank of Portugal, Bankruptcy and liquidation, Banks, News
        Posted 27 Janeiro, 2023

        Prime Minister’s letter “undermined confidence” in troubled bank

        A letter that was sent to the European Central Bank and the European Commission by the Prime Minister “undermined confidence” and had a “detrimental effect” on the way troubled Portuguese bank [...]

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         Governor of the Bank of Portugal optimistic that Euro Zone will escape recession
        0
        By Christopher Graeme
        In Bank of Portugal, Economy, News
        Posted 18 Janeiro, 2023

        Governor of the Bank of Portugal optimistic that Euro Zone will escape recession

        Portugal’s central bank governor Mário Centeno is optimistic that Europe’s economy will grow sufficiently to avoid a recession, adding that its performance has been “surprising”. Taking part on a [...]

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         Interest rates on Portuguese debt x7 in 2022 to 3.57%
        0
        By Christopher Graeme
        In Bank of Portugal, Inflation, International schools, News
        Posted 2 Janeiro, 2023

        Interest rates on Portuguese debt x7 in 2022 to 3.57%

        The interest on Portuguese sovereign debt that the country has to pay back to investors who bought government treasury bonds went up seven times during the course of 2022 says Negócios. The [...]

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         40% of Portuguese “on a knife-edge”
        0
        By Christopher Graeme
        In Bank of Portugal, Cost of Living Crisis, News
        Posted 19 Dezembro, 2022

        40% of Portuguese “on a knife-edge”

        The Bank of Portugal has warned that higher interest rates and inflation is pushing around 40% of families onto the bread line as their disposable income is eroded in 2023. In fact two-fifths of [...]

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         Alantra gets 20 offers
        0
        By Christopher Graeme
        In Asset and Fund Management, Asset Management, Bank of Portugal, News, Public debt
        Posted 2 Dezembro, 2022

        Alantra gets 20 offers

        Alantra, which represents VIC Properties in Portugal, has now received 20 unbinding offers for various properties and tracts of land in what could end up being the biggest property deal of 2022. [...]

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         Luís Laginha de Sousa appointed CMVM head
        0
        By Christopher Graeme
        In Bank of Portugal, News, Regulators and Supervisors
        Posted 2 Dezembro, 2022

        Luís Laginha de Sousa appointed CMVM head

        A former director at the Bank of Portugal has been appointed to head Portugal’s stock market regulator the CMVM. Luís Laginha de Sousa takes the helm of the regulator at a time of particular [...]

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         Bank of Portugal appoints two new directors
        0
        By Christopher Graeme
        In Bank of Portugal, News
        Posted 30 Novembro, 2022

        Bank of Portugal appoints two new directors

        The Bank of Portugal has appointed economists Clara Raposo (pictured) and Luís Máximo dos Santos as vice-governors of the Bank of Portugal along with Francisca Guedes de Oliveira, Helena Adegas [...]

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         Bank mergers inevitable in Portugal says Finance Minister
        0
        By Christopher Graeme
        In Bank of Portugal, Banks, News
        Posted 25 Novembro, 2022

        Bank mergers inevitable in Portugal says Finance Minister

        The governor of the Bank of Portugal, Mário Centeno, says consolidation in Portugal’s banking sector is “inevitable”. In an interview with Reuters, Mário Centeno said that the recent progress [...]

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         Ex—finance minister jumps to defend Carlos Costa
        0
        By Christopher Graeme
        In Bank of Portugal, Banks, News
        Posted 18 Novembro, 2022

        Ex—finance minister jumps to defend Carlos Costa

        The former Portuguese Minister of Finance, Fernando Teixeira dos Santos has defended ex-Governor of the Bank of Portugal, Carlos Costa over details in an explosive memoir about his 10 years [...]

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