Economy

The Algarve is being viewed as a ‘Covid-safe’ destination at a time when the number of people looking to book summer holidays is surging, despite all the uncertainty related to the pandemic. It [...]

Portuguese average incomes have fallen 5.3% despite the Government credit lines to support families. This is the conclusion of a Bank of Portugal report into the impact of the novel coronavirus [...]

Despite a Government pledge to get lines of finance to support Portuguese companies struggling to survive the Covid-19 crisis, only 3% of those which applied have obtained the emergency funds. [...]

Portugal’s cork industry is worth €1.064Bn a year in exports with 95% sold to 130 countries around the world, 72% of that going to European countries. But how far has the industry been affected [...]

The public company responsible for managing Portugal’s public national road and rail network netted €20 million in 2019 after slashing its debts by €726 million. IP – Infraestruturas de [...]

Portugal’s infrastructure minister has thrown the gauntlet down to the private shareholders of national airline carrier TAP to reveal how much the company actually needs to survive. Pedro Nuno [...]

Life won’t be returning to normal until a coronavirus vaccine is found. It’s a statement that is being repeated across the globe and was one of the focal points of a webcast held on Thursday, [...]

Moody’s has cut its growth forecasts for GDP for all of the G20 countries for 2020 and 2021 due to the global economic paralysis caused by the Covid-19 pandemic. In a research bulletin published [...]

Up to 30% of Portugal’s mainly small and medium size companies will face extreme difficulties in surviving the shutdown of the economy and expected recession according to the President of [...]

The José de Mello Group and Arcus have sold an 81.1% share in Portuguese motorways concessionaire company Brisa. The buyers are a consortium of funds comprising Dutch, Swiss and South Korean [...]