Bumper gains at central bank
2021’s profits see more money funneled into State Budget The Bank of Portugal ended 2021 with €508 million in liquid gains. The total represents €42 million more than had been
Portuguese government debt increases to over €272 billion
Portugal’s government debt increased in January to over €272.4 billion – €2.8 billion above December 2021 and the highest value since August, the Banco de Portugal (BdP) said today. In
“Time to pay-up”, former BES “boss-of-it-all” loses assets worth €3.7 million
Former BES ‘boss-of-it-all’ Ricardo Salgado has reached the moment where “the order for execution of seized assets” has been given for one of the fines issued since his family’s bank
Portuguese gold: 2020 was ‘an extraordinary year’ where reserves grew at rate of €6.4 million per day
2020 was an abysmal year for practically everyone on the planet, but it was very auspicious for Portugal’s central bank. Thanks to the country’s substantial reserves of Nazi gold –
Novo bombshell: Accounts Court says taxpayers paying to bailout Novo Banco, final bill could top €10 billion
After all the expedient political spin, Portugal’s Accounts Court has come out and said it: it is the country’s taxpayers who are footing the bill to ‘bailout’ Novo Banco “contrary
Bank of Portugal to receive support from Brussels to combat money laundering
The Bank of Portugal will receive support from the European Commission to develop two new projects: one in the area of financial literacy and the other in the prevention of
Portugal’s unemployment rate falls to 7.1% in November, rises year-on-year
Portugal’s unemployment rate fell to 7.1% in November, 0.4 percentage points lower than in October, but 0.4 percentage points higher than in the same month of 2019, according to figures
15% of company loans may never be paid off
The Bank of Portugal estimates that 15%, or €11 billion worth of company loans, the instalments and or the interest on which was temporarily frozen because of the moratoria, may
Bank of Portugal ‘more pessimistic than government about country’s economic recovery
Portugal’s central bank is more pessimistic about the country’s economic recovery next year than the government. Say reports, the Bank of Portugal forecasts a 3.9% growth of GDP whereas the
Bank of Portugal: Over-indebtedness could lead to reduced investment
Portugal risks facing over-indebtedness that could lead to reduced investment in the medium-term, the head of the Bank of Portugal, Mário Centeno warned on Friday. “To face this difficulty, measures