Economy

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 [...]

A new Government-owned national development bank is to be created by merging IFD (Instituição Financeira de Desenvolvimento) and PME Investment into SPGM. It will mean the creation of a new bank [...]