Forty-five percent of Portuguese companies made a loss in 2020 according to data released by the Bank of Portugal. Nevertheless, despite the pandemic and the resulting lockdown, it could have [...]
The Portuguese Government is to allow companies in certain sectors in tax arrears because of Covid-19 to continue paying them off in instalments. Companies in the restaurant and hospitality [...]
Various international airlines have reacted in dismay at the Portuguese government’s plans to close arrival halls at Lisbon, Faro and Porto airports due to a raft of new restrictions against the [...]
The Ministry of Finances has revealed that the Portuguese accumulated €21.2 million in June through its IVAucher scheme. The scheme provides benefits and incentives sponsored by the Portuguese [...]
Portugal’s minister for the Economy Pedro Siza Vieira confirmed this week that the development bank, Banco de Fomento will be capitalised with an extra €250 million while funds from the EU [...]
The Portuguese Government approved a new line of credit on Wednesday for small and medium companies which should become available within the next two weeks. According to the Minister of State and [...]
The United Kingdom has decided to include Madeira on its green list of travel destinations. It means that the British can once again go on holiday on the Portuguese islands of Madeira and Porto [...]
Just when it looked like Portugal’s hotels in the Algarve region might have a half decent summer season, hoteliers’ hopes have been dashed again as the UK will strip the country of its green [...]
Unrestricted travel to Portugal for holidays and leisure purposes from the United Kingdom should soon get the green light. According to the Daily Telegraph, Portugal will be on the British [...]
The Portuguese government has already spent €4.6Bn in State aid to offset the economic impact of the pandemic. Between an increase in expenditure and loss of revenues, the amount represents [...]