The President of Portugal’s Public Finances entity, Nazaré Costa Cabral warned this week that the amount the Government were pumping into Novo Banco could cost more than the €3.89Bn in loans from [...]

An international banking expert and author of a study into banking resolutions says that the windup option chosen for Banco Espírito Santo, which failed in 2014, was the best on the table at the [...]

Working from home because of Covid-19 has increased demand for properties with offices, gardens and patios in Portugal.   The demand for homes with gardens, terraces, patios and home offices [...]

An academic and oil industry director has been invited by Portuguese Prime Minister António Costa to oversee the preparation of Portugal’s Economic Recovery Plan. António Costa e Silva, the [...]

Quinta do Lago’s South Course is to be given a modern makeover as part of a new €7m golf course investment programme taking place at the luxury Portuguese resort this summer. The upgrade of the [...]

Angola, once a byword for family corruption, is cleaning its act up and diversifying its economy with beach and wildlife tourism in the government’s sights says international research entity The [...]

A new Government-owned national development bank is to be created by merging IFD (Instituição Financeira de Desenvolvimento) and PME Investment into SPGM. It will mean the creation of a new bank [...]

The insurance company Fidelidade has purchased €1.4 million worth of BCP perpetual bonds. The bank communicated the information to the market about Fidelidade’s acquisition of its perpetual long [...]

The Portuguese Automobile Association (ACAP) says that despite the car sales market reopening, the public are showing little interest in buying new cars. Car sales in the Portuguese car retail [...]

The European Commission issued a warning today (20 May) that Portugal’s banks could be exposed to the Angolan slump whose oil-reliant economy is suffering as a result in the international [...]