Portugal achieved an overseas trade surplus of nearly €1Bn for the first quarter of 2023. It compared extremely favourably to the commercial trade deficit of €1.5Bn like-for-like in 2022 [...]
Portugal’s gold reserves have soared to a new record worth of almost €21Bn on the back of gains by the US dollar. This is despite the fact that bullion prices have fallen on the International [...]
“We are nearing the last and final set of interest rate hikes in the coming months” predicted the Governor of the Bank of Portugal, Mário Centeno this week. However, the former Portuguese finance [...]
Portugal’s central bank, the Bank of Portugal, is one of the few central banks in the Euro Zone to register a profit for 2022. Despite the less than favourable economic situation which has [...]
The average interest rate on new fixed-term savings deposits increased 0.56% in January, the highest rate rise in 11 years. It removes Portugal from the lower ranks of the Euro Zone interest on [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
