Economy

Portugal’s central bank has released a more pessimistic forecast for the Portuguese economy than Government projections for the second half of 2020. The institution led by Carlos Costa who leaves [...]

A deal which would have seen the sale of Angolan-Portuguese bank EuroBic to Spanish bank Abanca has fallen through at the 11th hour. Abanca decided to pull out of the purchase of the bank owned [...]

Shipping container freight in and out of Portugal’s main ports of Lisbon, Leixões and Sines fell 4.1% to 28.6 tonnes to April 2020. It was 4.1% down on the same period in 2019 and largely due to [...]

Portugal’s national airline TAP is to undergo the biggest restructuring in recent years with a cut in aircraft, flights and staff. The downsizing is part of a restructuring plan ordered by [...]

Portuguese MPs have moved to block the appointment of Finance Minister Mário Centeno to the post of next central bank governor. It has also come to light over the weekend that the ruling PS [...]

Angola is not just oil and diamonds. In fact, the fall in oil prices coupled with the political intent of the new government to cut back on the corrupt practices of the past and to create a new [...]

Portugal has placed €1.5Bn of sovereign bonds on the market at interest rates similar to those charged before the Covid-19 pandemic. In an auction of State Treasury Bonds with a 10-year maturity, [...]

The Government has indicated that Portugal’s bi-lateral trade relationship with China may be about to change. Government appointed economic recovery Tsar António Costa e Silva says the country [...]

Brussels has given the Portuguese Government the green light go-ahead to inject up to €1.2Bn into national carrier TAP which is part-owned by Brazilian airline tycoon David Neeleman. The EU [...]

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 [...]