Cost of Living Crisis

The CEO of Sonae, a Portuguese multi-sector multi-national company which operates one of the country’s largest supermarket groups Continente, has hit back as a tide of public resentment grows [...]

The Euribor interest rate for 12 months ultimately fixed on mortgages lent by banks has hit the 3% mark for the first time in 14 years. The last time the rate was pegged so high was on 1 January, [...]

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 [...]

Portugal’s government has unveiled a €2.4Bn package to help families and pensioners weather the rising tide of inflation which currently stands at around 9.1%. The Government has earmarked €1Bn [...]