Economy

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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) [...]

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 [...]

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 [...]

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 [...]