Finance

Portugal’s finance minister put a slight gloss on an otherwise dark landscape as the National Statistics Institute confirmed Portugal’s debt levels had reached 135% of GDP and GDP had fallen by [...]

The governor of the Bank of Portugal has forecast that the Portuguese economy will not go into recession in the first quarter of this year, despite the new lockdown. He said that the economy [...]

Portugal’s former finance minister, Vítor Gaspar, has warned that while everything should be done to save businesses from the pandemic crisis, governments should keep the receipts. Gaspar, who [...]

Portugal’s public finances were €4.2Bn worse off from March to November according to calculations by the Parliamentary Budget Support Unit UTAO. The Covid-19 pandemic has required the State to [...]

Flexdeal, the first and only Real Estate Investment Company for Economic Development (SIMFE) in Portugal, now holds 950,000 shares in the payments company Raize, corresponding to 19% of the [...]

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 [...]

The Portugal Fintech Report 2020 indicates that despite the pandemic Fintechs in Portugal are continuing to attract a growing number of investors and are consolidating sales. Fintechs, technology [...]

Portugal’s finance minister, João Leão will present the European Commission with one of the lowest budgets in the EU for 2021 in terms of deficit. The Government is meeting with the other [...]

Both the US and EU have made unprecedented monetary and fiscal mechanisms available to cope with the shutdown of their economies between March to May and beyond. This cash will help stimulate the [...]

The US vulture fund Lone Star, which has a controlling interest in Portugal’s Novo Banco, is to make changes to the bank’s management structure. On Thursday next week, the [...]