Economy

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 [...]

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. [...]

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 [...]