Economy

Portugal’s finance minister Mário Centeno stirred up a hornets’ nest this week after stating in parliament that the Resolution Fund created to bail out Novo Banco was the “most disastrous fund” [...]

Stephan Morais, of Venture Capital firm Indico Capital Partners, says the current crisis and looming recession will test budding entrepreneurs and sort the wheat out from the chaff. However, [...]

The Algarve residential market will gradually recover from the Covid-19 crisis with the region expected to remain as popular as ever. However, technology and client-centric products and services [...]

The majority of Portugal’s companies (59%) say the Covid-19 crisis is having a significant impact on their operations. And 43% say they have put all plans for recruitment on ice while 19% say [...]

The French developer Nexity has a strategic development plan for Portugal which includes three residential real estate projects aimed at Portugal’s middle class. The projects located at Dafundo [...]

The Government has appointed the ex-president of Águas de Portugal to negotiate a State financial rescue package for airline TAP. If the airline doesn’t get several hundred thousand euros by 20 [...]

The Prime Minister has sided with Portugal’s banks over tough lending criteria for State-backed loans during the Covid-19 crisis. “The money must be distributed prudently because we’re dealing [...]

Portugal’s tax burden continued at the historic high of 34.8% in 2019 according to the National Statistics Institute INE. In 2019 the tax burden remained at the same level it had in 2018 but [...]

The oil industry has been particularly hard hit by the Covid-19 pandemic as a result of falling demand provoking a record low in international crude prices, huge market volatility and a glut in [...]

Portugal’s clearing banks have been given an extra year to comply with a Bank of Portugal regulation that they must have a capital reserve to cover the inherent risks from their lending activity. [...]