Company debt in Portugal has increased by half a billion euros this year because of the Coronavirus pandemic. Debt in the non-financial sector worsened by €4.6Bn in July to €740Bn, returning to [...]
Portugal’s economy is recovering “faster than expected” according to the new finance minister João Leão in an interview with Bloomberg. The minister said that the European economy was “severely” [...]
The number of bankruptcies in Portugal shot up by 64.5% in August with 199 companies going under, 78 more than for the same month last year. Yet the construction and public works sector was the [...]
The CEO of Novo Banco, António Ramalho, has downplayed the recommendations made by independent auditor Deloitte into the banks finances, non-performing loans and allegedly pre-market value [...]
Retail sales in Portugal have bucked an overall trend in the Euro Zone by growing 3.9%. Retail sales turnover in the Euro Zone fell 1.3% on average in June and 0.8% in the European Union for the [...]
Portugal’s economy was among that of five countries whose economic performance in the OECD which faired the worst in the second quarter of the year. The performance was based on statistics [...]
Portugal’s largest car plant achieved, for the second consecutive year, both a production and turnover record in 2019, generating 1,7% of national GDP. The information was published when the [...]
A South Korean solar energy company, Hanwah Q-Cells, is to set up in Portugal. The 68-year-old company, well-known in the Far East, aims to be one of the big players in solar energy in the [...]
Scheduled flights from the United Kingdom which had, until before last weekend, been less than half full, were jam-packed with British tourists this week looking to soak up a week or two on [...]
According to the EU’s statistical agency Eurostat, Portugal suffered the fourth largest economic slump in the European Union with a fall of 16.3% in GDP. However, normally more robust economies [...]
