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        Economy

         Call for Faro-Seville rail link
        0
        By Christopher Graeme
        In Economy, Infrastructure, News, Transport
        Posted 30 Agosto, 2021

        Call for Faro-Seville rail link

        Business organisations in the Algarve and Andalusia are to hand a formal request to both the governments of Spain and Portugal calling for a rail link between the airports of Faro and Seville. [...]

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         Portugal’s combined public and private debt hits new historic high
        0
        By Christopher Graeme
        In Economy, News, Public debt
        Posted 20 Agosto, 2021

        Portugal’s combined public and private debt hits new historic high

        Never in recorded history has Portugal’s total non-financial sector debt reached such dizzying heights as it did by June this year — €762.4Bn. This is according to data from the Bank of Portugal [...]

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         Beatriz Freitas appointed BPF interim chair
        0
        By Christopher Graeme
        In Banks, Economy, News
        Posted 13 Agosto, 2021

        Beatriz Freitas appointed BPF interim chair

        The CEO of the Portuguese Government’s investment bank Banco Português de Fomento (BPF), Beatriz Freitas, is to stand in as the bank’s chair until a permanent candidate can be selected. The man [...]

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         Ex-finance minister calls for tax hikes
        0
        By Christopher Graeme
        In Economy, News
        Posted 11 Agosto, 2021

        Ex-finance minister calls for tax hikes

        A former Portuguese finance minister who served in the government of Pedro Passos Coelho during the austerity years between 2011 and 2013 has argued for a progressive increase in taxes in [...]

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         Angola predicted to exit recession
        0
        By Christopher Graeme
        In Angola, Economy, News
        Posted 9 Agosto, 2021

        Angola predicted to exit recession

        The British consultancy Capital Economics predicts that the Angolan economy will grow 1.3% this year, lifting the large Portuguese speaking African country out of recession for the first time in [...]

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         Portugal in US$1.1Bn bond buyback
        0
        By Christopher Graeme
        In Bonds and Gilts, Economy, Government financing, News
        Posted 14 Julho, 2021

        Portugal in US$1.1Bn bond buyback

        Portugal has purchased $1.1Bn of treasury bonds issued in US dollars in 2014 which were due to mature in 2024 and were in ‘circulation’ on the market. According to the Portuguese treasury and [...]

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         Recapitalisation of Banco de Fomento and InvestEU will release €9Bn
        0
        By Christopher Graeme
        In Covid-19, Economy, EU, News
        Posted 14 Julho, 2021

        Recapitalisation of Banco de Fomento and InvestEU will release €9Bn

        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 [...]

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         Exports rise 7.2% in 2021
        0
        By Christopher Graeme
        In Companies, Economy, Exports, News
        Posted 12 Julho, 2021

        Exports rise 7.2% in 2021

        Portuguese export companies are upbeat as the exports of goods in the first half of 2021 shot up 7.2%. This is according to the latest statistics from the National Statistics Institute (INE) [...]

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         40% of EU Portugal funds wasted
        0
        By Christopher Graeme
        In Companies, Economy, EU, News
        Posted 12 Julho, 2021

        40% of EU Portugal funds wasted

        Around 40% of European funds aimed to help make Portuguese companies more productive and competitive in International markets was wasted. According to a study, 40% of ERDF funds were awarded to [...]

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         Corruption – damaging Portugal’s reputation?
        0
        By Christopher Graeme
        In Corruption, Economy, Investment, News
        Posted 12 Julho, 2021

        Corruption – damaging Portugal’s reputation?

        Portugal’s secretary of State for Internationalisation, Eurico Brilhante Dias, has admitted that several high-profile political and economic corruption scandals are undermining Portugal’s value [...]

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