The Portuguese International construction company Mota-Engil has won a €636 million contract in Mexico. The contract, in partnership with China Communications Construction, will build the first [...]
The European Investment Bank (EIB) has approved the setting up of a pan-European guaranteed fund of €25Bn. Each Member State will be called upon to pay a part towards the fund which will enable [...]
Portugal’s Prime Minister António Costa says that the overseas investment earmarked for Portugal before the Covid-19 pandemic is still very much on the cards. In a podcast yesterday he said not [...]
Portugal has paid off all €26.3Bn of its IMF loan and will now pay off a further €2Bn to the EU by the end of the summer from its 2011 €78Bn troika bailout. In March, the Secretary of State for [...]
The Amorim family, which made its fortune in cork products, retains its position on Forbes magazine’s top rich list. With a fortune estimated at €4.1Bn, Maria Fernanda Amorim and family top the [...]
The former chief economist of the IMF, Olivier Blanchard, has told a Portuguese news agency that Portugal “has been lucky” despite its poor productivity record. In an interview with Lusa, [...]
The US ratings agency Fitch predicts that Portugal’s economy will slow between now and 2020 as international “cross winds”, including the continued US trade war with China, continue [...]
A Portuguese economist has warned that the Government’s plans to increase the national deficit by 1% to 2% would be folly. Joaquim Miranda Sarmento argues in the daily online news source ECO that [...]
The Government’s GDP growth rates of 1.7-2% have been downplayed by the President of the Portuguese Industrial Confederation. Speaking at a lunch in Lisbon organised by the International Club of [...]
Portugal is less competitive than it was last year according to the IMD World Competitiveness Centre. It fell six places to occupy 39th place out of 63 countries that were analysed using data [...]
