One of Portugal’s oldest civic associations, which debates questions surrounding the economy, has launched a reindustrialisation manifesto aimed at saving Portugal’s economy. SEDES (The [...]
Portugal now has a net financial position vis-à-vis the rest of the world of -100,0% of GDP, slightly less negative than the -106,6% recorded in the previous year. The Portuguese economy’s [...]
Brussels has stated this week that Portugal’s economy will be the hardest hit of the 27 EU Member States by the end of this year with a 10% forecast drop in GDP. The prediction is more [...]
A slow recovery, in several gears depending on the sector and totally held hostage to the Covid-19 pandemic. This is the prediction from economists consulted by the business daily Jornal [...]
Production in Portugal’s construction industry fell 13.2% in April like-for-like on 2019 but wasn’t as bad as the rest of Europe which averaged falls of 20%. The figures released by Eurostat [...]
The Portuguese Government launched a new development bank on Thursday. The Banco Português de Fomento has resulted from a merger between the Financial Institution of Development (Instituição [...]
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 [...]
