Portugal’s GDP grew 1.5% in Q1 of this year after having increased 2.1% in the previous quarter according to the National Statistics Institute (INE). It states that internal demand fell 0.9% from [...]
The Bank of Portugal has warned that high interest rates and continued geopolitical tensions with Russia over Ukraine, China over trade, and the war against Hamas in Israel are continuing to [...]
The European Commission has forecast that Portugal’s economy will likely grow by 1.7% this year with a budget surplus of 0.4%. The estimate from its spring forecast published today (Wednesday) is [...]
Recently, a successful artist friend of mine was sat in a popular Portuguese restaurant near Praça das Flores in Lisbon with five American friends, all of whom had successfully relocated to [...]
Pedro Reis, the man who used to head Portugal’s overseas investment bureau AICEP Portugal Global has been officially sworn in as the AD coalition government’s new Minister of the Economy. At the [...]
Portugal comes in at 18th position in terms of the latest EU countries purchasing power ranking — 17% below the EU average. Luxembourg topped the list with the highest purchasing power, 140% [...]
Portuguese exports overseas increased by a modest 0.4% in January while imports fell 4.5% like-for-like on 2023. This is according to data released on Monday by the National Statistics Institute [...]
Portugal’s footwear industry has turned to the luxury shoe segment in a bid to face off falling orders that are closing factories and killing jobs. Portuguese footwear entrepreneurs have faced a [...]
The value of Portuguese exports of goods and services fell back to 47% of GDP last year after achieving a historic 50% of GDP in 2022. It means that the government’s target to consistently [...]
Exports of car components rose almost 14% to a record €12,433Bn in 2023 according to data released by the AFIA – Association of Automobile Industry Manufacturers. “Exports of vehicle [...]
