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        Economy

         Portugal’s financial ‘Voldemort’ quits Government
        0
        By Christopher Graeme
        In Economy, Finance, News
        Posted 11 Junho, 2020

        Portugal’s financial ‘Voldemort’ quits Government

        Portugal’s financial wizard Mário Centeno announced his decision to quit the PS socialist Government of António Costa this week. The decision comes as the man heralded in polls as the third most [...]

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         President – “Portugal facing brutal economic and financial crisis”
        0
        By Christopher Graeme
        In Business, Companies, Economy, News
        Posted 11 Junho, 2020

        President – “Portugal facing brutal economic and financial crisis”

        Portugal’s President Marcelo Rebelo de Sousa warned on Wednesday that the Portuguese should not close their eyes and pretend that the country isn’t facing a “brutal economic and financial [...]

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         Revenues from property developers and investors can offset Covid-19
        0
        By Christopher Graeme
        In Economy, Investment, News, Property, Real Estate
        Posted 8 Junho, 2020

        Revenues from property developers and investors can offset Covid-19

        The Portuguese Association of Real Estate Developers and investors has come up with a programme aimed at relaunching the sector. Among the measures in the Kick-Start Programme (Programa Relançar) [...]

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         Recession could be 5.7%, 6.9% or 11.8% of GDP
        0
        By Christopher Graeme
        In Economy, News
        Posted 8 Junho, 2020

        Recession could be 5.7%, 6.9% or 11.8% of GDP

        Portugal’s expected recession could represent anywhere between a conservative estimate of 5.7% to a worse case scenario of 11.8% in terms of GDP contraction for 2020. GDP contracted 2.3% in the [...]

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         New Chinese Chamber of Commerce to promote Portugal in China
        0
        By Christopher Graeme
        In Economy, News, Tourism
        Posted 1 Junho, 2020

        New Chinese Chamber of Commerce to promote Portugal in China

        The newly created and operational Portugal-China SME Chamber of Commerce has set up an investment fund for the agrofoods and tourism sectors in Portugal. The president of the new chamber believes [...]

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         Sonae defers shop rents by 50%
        0
        By Christopher Graeme
        In Economy, News, Property
        Posted 29 Maio, 2020

        Sonae defers shop rents by 50%

        Sonae Sierra, the Portuguese multinational shopping centre developer and management company has frozen rent payments on shop units as shop traders face ruin. Sonae Sierra has decided to defer 50% [...]

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         Quinta do Lago unveils new €7M golf investment
        0
        By Christopher Graeme
        In Business, Development, Economy, News, Tourism
        Posted 29 Maio, 2020

        Quinta do Lago unveils new €7M golf investment

        Quinta do Lago’s South Course is to be given a modern makeover as part of a new €7m golf course investment programme taking place at the luxury Portuguese resort this summer. The upgrade of the [...]

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         Fresh tourism opportunities in Angola
        0
        By Christopher Graeme
        In Business, Consultancy, Development, Economy, In Focus, News, Tourism
        Posted 27 Maio, 2020

        Fresh tourism opportunities in Angola

        Angola, once a byword for family corruption, is cleaning its act up and diversifying its economy with beach and wildlife tourism in the government’s sights says international research entity The [...]

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         Portugal gets €1.6Bn budget deficit over Covid-19
        0
        By Christopher Graeme
        In Economy, News
        Posted 27 Maio, 2020

        Portugal gets €1.6Bn budget deficit over Covid-19

        Portugal’s state budget deficit deteriorated by €341 million like-for-like on 2019 because of a 5% fall in revenue growth. Set against a growth in expenditure (6.1%), the worsening situation of [...]

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         69% of companies still awaiting government bailout finance
        0
        By Christopher Graeme
        In Economy, Industry, News
        Posted 27 Maio, 2020

        69% of companies still awaiting government bailout finance

        Portugal’s Industrial Confederation has warned that a €6.2Bn credit line has all but run dry while 69% of companies are still waiting for emergency cash that could spell the difference between [...]

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