Finance

Economy minister Pedro Siza Vieira has admitted that original forecasts for Portugal’s post-pandemic recovery were too optimistic. They will need to be ‘revised’ when the 2021 State Budget is [...]

The President of the Portuguese markets regulator CMVM, Gabriela Figueiredo Dias, has warned this week that the shock to the economy from Covid-19 will get worse in Portugal causing more private [...]

Thousands of British citizens whose registered address is in Portugal and who do not have a second home in the United Kingdom risk losing their bank accounts by the end of the year. Lloyds, [...]

Portugal’s economy is recovering “faster than expected” according to the new finance minister João Leão in an interview with Bloomberg. The minister said that the European economy was “severely” [...]

BES ‘Cooked the books’ The final report of an audit by Deloitte on the financial state of Novo Banco has placed the blame for the ruinous state of the bank’s finances squarely at the door of the [...]

The CMVM has decided to keep Orey Antunes’ shares and all of its other listed securities suspended because its 2019 results presentation has been postponed beyond the legal deadline which [...]

Portugal’s treasury institute IGCP is to auction Portuguese public debt in the form of sovereign bonds to raise between €1Bn and €1.25Bn. The government agency holds these auctions several times [...]

Portugal’s gold reserves, some of it stolen by the Nazis from Jews in the late 1930s and World War II, has skyrocketed in value with the increase in gold prices. Portugal, while not the richest [...]

  Millennium bcp account holders who have €10,000 or more in their accounts will now have to pay an account maintenance charge. According to the bank’s website, Millennium bcp, managed by [...]

The Portuguese treasury will hold an auction on Wednesday of sovereign bonds at which it hopes to net around €1.2Bn. The information was released by the IGCP – the Treasury and Public Debt [...]