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        Economy

         Biological wine producer sees exports boom
        0
        By Christopher Graeme
        In Economy, Green economy, News, Wine
        Posted 3 Maio, 2021

        Biological wine producer sees exports boom

        A vineyard which produces completely biological wines has become the largest producer of Green Wine in Portugal’s Baião region exporting to 16 countries around the world. A&D Wines has become [...]

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         Portugal’s debt soars to 137.1% of GDP in Q1
        0
        By Christopher Graeme
        In Bonds and Gilts, Economy, News
        Posted 3 Maio, 2021

        Portugal’s debt soars to 137.1% of GDP in Q1

        Portugal’s public debt rose €1.2Bn in March to €275.3Bn to a new debt to GDP ratio record of 137.1% in the first quarter of 2021. This was according to statistics released by the Bank of Portugal [...]

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         GDP falls 3% in 2021 because of lockdown
        0
        By Christopher Graeme
        In Economy, News, Trade
        Posted 30 Abril, 2021

        GDP falls 3% in 2021 because of lockdown

        As was expected, Portugal’s economy contracted in the first three months of 2021 with GDP falling 3.3% (compared to the fourth quarter in 2020). In like-for-like terns the fall was 5.4% However, [...]

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         Football business GDP contribution plummets
        0
        By Christopher Graeme
        In Economy, News
        Posted 23 Abril, 2021

        Football business GDP contribution plummets

        Portugal’s football industry generated €750 million or €494 million towards Portugal’s GDP for the 2019/20 season. It was a reduction of €55 million on the previous season according to figures [...]

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         Biden’s massive new deal: who is going to pick up the tab?
        0
        By Christopher Graeme
        In Economy, In Focus, News
        Posted 19 Abril, 2021

        Biden’s massive new deal: who is going to pick up the tab?

        The President of the American Club of Lisbon and author of ‘RENDEZ-VOUS WITH AMERICA, An Explanation of the US Election System’ Patrick Siegler-Lathrop gave an insightful talk last week on [...]

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         Government predicts 4% GDP growth for 2021
        0
        By Christopher Graeme
        In Economy, News
        Posted 16 Abril, 2021

        Government predicts 4% GDP growth for 2021

        The Portuguese government has forecast growth of 4% of GDP this year and 4.9% in 2022. The estimates were advanced by the Portuguese finance minister João Leal after the government approved the [...]

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         Troika was inevitable says ex-finance minister
        0
        By Christopher Graeme
        In Economy, News
        Posted 7 Abril, 2021

        Troika was inevitable says ex-finance minister

        Portugal’s finance minister at the time the country requested a €78Bn bailout from the IMF and EC, has admitted that it was a tough pill to swallow in 2011. As Portugal marks exactly 10 years [...]

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         Portugal returns to the red
        0
        By Christopher Graeme
        In Economy, News
        Posted 5 Abril, 2021

        Portugal returns to the red

        The health crisis which has paralysed the Portuguese economy has put the country’s finances back in the red after 10 years of hard work trying to reduce the deficit. The minister of Finances, [...]

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         Bazooka not enough says Constâncio
        0
        By Christopher Graeme
        In Economy, EU, News
        Posted 31 Março, 2021

        Bazooka not enough says Constâncio

        A former vice president of the European Central Bank and ex-Governor of the Bank of Portugal says he is “disappointed” at the EU’s financial response to the Covid-19 pandemic. Vítor Constâncio [...]

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         Low chance of extending moratoria
        0
        By Christopher Graeme
        In Banks, Economy, News
        Posted 31 Março, 2021

        Low chance of extending moratoria

        The Governor of the Bank of Portugal has warned this week that the likelihood of extending the moratoria is “very, very slight”. Mário Centeno said that a prorogation of the moratoria without the [...]

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