Ovar auto plant to lay off 364 workers
Japanese Yazaki Saltano plant cites “current critical situation in European car industry” The Yazaki Saltano auto plant, in Ovar (Aveiro district) has announced it will be laying off 364 workers.
S&P ups Portugal’s rating to ‘A’ with positive outlook
Ratings agency remains confident in Portugal’s policy The US ratings agency Standard & Poor’s (S&P) raised Portugal’s rating on Friday from A- to A with a positive outlook and could
Turismo do Algarve heads to Valladolid for Wine Tourim Fair
The region’s tourism board is making its debut at the Fine #WineTourism Marketplace in Spain on March 5 and 6. For the first time, Turismo do Algarve will participate in
How UK investments are taxed in Portugal
Many British expatriates living in Portugal continue to hold the same savings and investments they had in the UK, even if they are living here long-term. While this is understandable,
Portugal is OECD country where it is most difficult to buy a house
This is the worst performance the country has ever recorded Portugal is the country in the OECD where it is hardest to purchase a home, the organization says. In fact,
Portugal Rally had a €183 million impact on the economy in 2024
Tax revenue totalled €22.6 million (€13.6 million from VAT and €9 million from IPS fuel tax) The Rally de Portugal 2024 edition generated an economic impact of €183.3 million, an
Portugal has third highest increase in construction output in EU
Year-on-year, the country registered the fourth largest increase (5.1%) In December 2024, Portugal’s construction sector enjoyed the third highest output in terms of projects in the European Union with a
Portugal’s housing crisis: prices continue rising
House values rise 14.5% in January YoY to €1,774 m2 The median bank appraisal value for housing was €1,774 per square metre (m2) in January, up 14.4% year-on-year and €27
Finance minister “confident” in 2.5% GDP growth in 2025
Growth assured “if economy doesn’t suffer any external economic shocks” In what has to be taken in the context of current extraordinary times, finance minister Joaquim Miranda Sarmento has said
Moving to Portugal – Residency and taxation
Portugal offers an outstanding quality of life, characterised by a relaxed pace and a welcoming, hospitable culture. The country’s diverse landscapes, ranging from breathtaking beaches and rolling countryside to dynamic