Economy

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 [...]

An economist for Oxford Economics believes “internal demand” will drive economic recovery in Portugal this year and next. But Ricardo Amaro, senior economist and economic forecasts consultant [...]

Car sales are starting to recover but continue to fall short of pre-pandemic levels. Sales of cars rose 25.6% in the first half of 2021, with some brands displaying two-digit growth. But in the [...]

The end of the moratoria on household loans to Portuguese families could lead to credit default of up to €1.32Bn. This is according to consumer watchdog organisation Deco Protest whose economist [...]

According to recent data for June, 2021 the Portuguese economy is expected to grow 4.8% in 2021, above previous forecasts, with a growth of 5.6% in 2022. Portugal’s Gross Domestic Product has [...]

Portugal’s public debt, according to Brussels and the Bank of Portugal, rose €2.1Bn to May to €274Bn. In April, the State’s debt had fallen €2.5Bn after hitting a record high in March while the [...]

A group of Portugal’s top business leaders have joined forces to launch the Business Roundtable Association Portugal (ABRP). The aim of new association, backed by 42 entrepreneurs, is to put [...]