Government announces €250 million investment
Portugal is set to receive €250 million worth of investments in a refreshing economic turn-around. The announcement came earlier today in Parliament from Economy Minister António Pires de Lima, who
Tax ‘pardon’ generates €143 million
State coffers have swelled by over €143 million as a result of the government’s new tax ‘pardon’ – a measure allowing debtors to pay off their debts without being fined,
End to recession? It’s technical…
News this week is that Portugal may only be “weeks away” from officially ending its recession. Sounds too good to be true? The prediction comes from Portugal’s deputy prime minister,
Know your financial situation and prepare for the future
When we think about financial security it’s surprising how many of us take little or no definite action, hoping things will somehow take care of themselves. If that sounds harsh,
European Financial Union is important step
The Bank of Portugal Governor believes the next step for growth within the European market is the creation of a Financial Union. According to Carlos Costa, the importance of this
Are you making the most of it?
Most of us are aware of and enjoy the benefits of living in the Algarve; sun, sea and fresh air are the obvious, but there are others, perhaps less obvious,
When will interest rates rise?
British savers have already had to endure over four years of minimal interest rates. Forward guidance by the Bank of England (BoE) in August signalled that we would have to
UK to demand more tax information from Crown Dependencies
Over the years, I have in the Algarve Resident followed the ongoing story of how the UK’s Crown Dependencies of Jersey, Guernsey and Isle of Man have had to adjust
EU nations agree to eurozone banking union
By Paul Beckwith European finance ministers have agreed a deal to give the European Central Bank new powers to police eurozone banks, embarking on the first step in a new
Tax Regime for Non-Habitual Residents
By Dr. Eduardo Serra Jorge Decree-Law 249/2009, dated September 23, approved the Investment Tax Code, outlining several measures with the purpose of attracting foreign investment to Portugal. One of the