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
Golden residence permit programme
The Golden Residence Permit Programme is a simple, fast-track residence permit programme designed to attract foreign investment into Portugal. The governing regulations for the programme were published on January 28
EU gets tough on tax evasion
Around €1 trillion is lost to tax evasion and avoidance every year in the EU. A new action plan by the European Commission is encouraging European governments to work together
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
Single bank supervisor for Eurozone
The Eurozone Ministers of Finance have agreed a plan to pass on supervisory power to a single common bank supervisor in Frankfurt, following troublesome discussions that lasted four months and