Production in Portugal’s construction industry fell 13.2% in April like-for-like on 2019 but wasn’t as bad as the rest of Europe which averaged falls of 20%. The figures released by Eurostat [...]
Trends already being felt across business sectors from banking and energy to industry, tech and telecoms are being accelerated by Covid-19 argue a group of corporate leaders in a webinar [...]
A deal which would have seen the sale of Angolan-Portuguese bank EuroBic to Spanish bank Abanca has fallen through at the 11th hour. Abanca decided to pull out of the purchase of the bank owned [...]
Shipping container freight in and out of Portugal’s main ports of Lisbon, Leixões and Sines fell 4.1% to 28.6 tonnes to April 2020. It was 4.1% down on the same period in 2019 and largely due to [...]
Portugal’s bars are losing around €300 million per month because of Government Covid-19 restrictions according to the Movement for Reopening Bars. It says that if bars are not reopened, the [...]
The Government has indicated that Portugal’s bi-lateral trade relationship with China may be about to change. Government appointed economic recovery Tsar António Costa e Silva says the country [...]
Brussels has given the Portuguese Government the green light go-ahead to inject up to €1.2Bn into national carrier TAP which is part-owned by Brazilian airline tycoon David Neeleman. The EU [...]
Portugal’s Secretary of State for Finances, Ricardo Mourinho Félix says that no additional emergency funding has been earmarked for Novo Banco in the Supplementary Budget. It means that the [...]
Portugal’s President Marcelo Rebelo de Sousa warned on Wednesday that the Portuguese should not close their eyes and pretend that the country isn’t facing a “brutal economic and financial [...]
The Portuguese government is to slap a levy on the banking sector to support the country’s social security system. It will have to fork out €33 million towards supporting the costs of maintaining [...]
