EC fines banks €1.7 billion for interest rate scandal
The European Commission has fined six banks a record €1.7 billion for forming illegal cartels to manipulate global interest rates. The banks participated in “illegal cartels in markets for financial
The importance of long-term relationships
Many British nationals have made their home in Portugal and when you consider the lifestyle and attractions, it is easy to understand why. However, there are some drawbacks. You have
‘Underwater’
Portimão Arena will be hosting the second Global Underwater Explorers conference over the weekend of December 7 and 8. The event, which is considered to be the largest underwater tourism
Lunch with the Secretary of State for Economy
Leonardo Mathias, Secretary of State Assistant to the Minister and for Economy, will be the speaker at a lunch-debate on Tuesday, December 10 at the Corinthia Hotel Lisbon from 12.15pm.
Is it worth the cost?
A client of mine was recently bemoaning his fate. It seems that he had just had a service on his expensive car that had set him back a considerable sum
Profit from Stanley Ho’s casinos in Portugal jumps
Stanley Ho Hung Sun’s Estoril-Sol SGPS SA, which runs three casinos in Portugal, made a profit of €1.26 million in the first nine months of this year, 865% more than
New €10 banknote arrives after summer 2014
The new Europa series €10 banknote will be unveiled on January 13 2014 and issued after summer next year, announced the European Central Bank today (November 26). At a seminar
Another 1,300 tax inspectors
The Portuguese government is stepping up its fight against tax evasion again, doubling the number of tax inspectors and investing in new technology. It is important to ensure that all
Belgian economist criticises Portugal’s austerity craze
A leading economist has said Portugal was wrong to try and ‘win the austerity beauty pageant’ and become the Troika’s favourite student. It did nothing for the country’s economy –
Managers, please raise low salaries if you can”
The government has given the green light to successful businesses to raise low salaries, but admits it cannot do so itself until the post-troika period. Speaking to company managers in