Portugal’s economy actually shrank by 8.4%, not 7.6% as had been initially calculated by the National Statistics Institute (INE) which has revised the figure upwards. It is a difference of eight [...]
The Government has announced that nightclubs can reopen from 1 October but nevertheless up to 70% are expected to have filed for bankruptcy by the spring. With all of them being closed for 18 [...]
Portuguese companies are “massively undercapitalised” with 27% barely having the cashflow to keep going. Two million of Portugal’s citizens are living on the breadline, 400,000 are unemployed and [...]
The European Green Deal and the Recovery Plan for Europe has the opportunity to define the European economy for many years to come and the EU’s Blue Economy is fundamental to make this [...]
The government is to review its growth prospects upwards to 4.5% or above for the rest of 2021 and 2022. The minister of Finance, João Leão told the Lusa news agency “We are likely to review our [...]
The ratings agency Moody’s has finally improved Portugal’s rating from the lowest investment grade status after ‘junk’. Portugal’s rating has now gone from Baa3 to Baa2 with a stable outlook. [...]
Spanish, British and American multimillionaires are those who most seek luxury properties in Portugal According to a study by Idealista, the Spanish are those who most research luxury homes [...]
Portuguese exports of textiles and clothing reached €3.1Bn to July 2021 and have already exceeded pre-pandemic levels. According to the latest figures from the National Statistics Institute (INE) [...]
Industrial business turnover in Portugal grew 11.8% in July which equates to a slowdown by seven percentage points compared to June when it had been 18.8%. This is according to the latest monthly [...]
Portugal’s GDP grew 15.5% in real terms in the second quarter of 2021 compared to the same period in 2020. Strong internal demand drove the growth after a steep decline last year according to the [...]
