Economy

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 [...]

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 [...]

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) [...]

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 [...]

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 [...]

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% [...]

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 [...]

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 [...]

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 [...]

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 [...]