Constâncio in Bitcoin warning
A former governor of the Bank of Portugal and ex-vice-president of the European Central Bank has issued a stark warning over investing in the crypto-currency Bitcoin. Vítor Constâncio said the [...]
A former governor of the Bank of Portugal and ex-vice-president of the European Central Bank has issued a stark warning over investing in the crypto-currency Bitcoin. Vítor Constâncio said the [...]
Portugal’s public debt, from the point of view of the Maastricht criteria, and therefore Brussels, fell by €1.068 in November to €267Bn according to data from the Bank of Portugal. Portugal’s [...]
Six out of every 10 Portuguese are saving more because of the pandemic. Coronavirus has affected 34% of incomes with the Portuguese now being more cautious resulting in 67% trying to save more [...]
Despite record debt levels among the Portuguese public and companies, investments in government bonds rose again in October by €88 million. It was the ninth month on-the-trot that bond [...]
In a study of 38 European banks, the global credit ratings agency DBRS Morningstar has concluded that the Portuguese state-owned bank Caixa Geral de Depósitos enjoyed the greatest fall in credit [...]
Portuguese household savings are three times lower than they were 30 or 40 years ago, official data showed on Saturday, although savings did rise during the pandemic. By Marina Watson [...]
Novo Banco closed 2019 with 35 big debtors in a position of default on their loans. All of these big borrowers have generated losses of over €5.5Bn to the bank led by António Ramalho who looks [...]
Portugal’s central bank has released a more pessimistic forecast for the Portuguese economy than Government projections for the second half of 2020. The institution led by Carlos Costa who leaves [...]
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 [...]
Retired Spanish are opting to move to Portugal to avoid paying higher taxes in their own country. The Spanish over 65 group is joining the French, Germans, Swedish and Finns in retiring in [...]