Economy

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 [...]

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 [...]