New measures announced to tackle rising interest rates
Rising interest rates “the most serious problem affecting Portuguese families” The Council of Ministers approved three measures today to mitigate the impact of rising interest rates on Portuguese families paying
Fuel prices increase again; president promises action
It is one of the largest fuel price hikes in recent weeks Portugal woke up today to another increase in fuel prices, with diesel costing six cents more per litre and gasoline
Finance minister confirms new mechanism to ‘create stability in face of rising interest rates’
Mechanism “should last two years; be accessible to all” Portugal’s Minister of Finance Fernando Medina has today announced the creation of a mechanism to create stability in the face of
Hamper of essential foodstuffs increases in price: fish increases €4 in 7 days
DECO Proteste – the Portuguese Association for Consumer Defence – has released this week’s prices for the basket of 63 essential food products, including those with zero IVA. Among the
Renewed credit support pledged to Portuguese as ECB raises interest rates yet again
PM reiterates he “doesn’t agree with ECB’s monetary policy” With everyone’s worst fears confirmed, ECB president Christine Lagarde has forged ahead with the only ‘instrument’ her bank seems to have
Rent rises 2024: government will move in with limit
Executive evaluating “balanced solution” Portugal’s prime minister António Costa has assuaged fears of a dramatic rise in rents in January 2024. He said yesterday that the government is evaluating the
50% of Portuguese feel salary does not cover living expenses
One in two Portuguese currently employed feels that their salary does not cover the living expenses. The European Barometer on Poverty and Precarity is published today, and warns that the
New hike in interest rates? Central bank governor warns of “risk of doing too much”
Mário Centeno speaks out ahead of key policy meeting Mário Centeno, governor of the Bank of Portugal and former Socialist finance minister, has warned today of the risk of “doing
Mortage payments rise 40% on same time last year
Average mortgage repayments rose again last month to €370 – €9 more than people were paying the month before, reports statistics institute INE. Compared with the situation this time last
Percentage of Portuguese who cannot afford square meal increases
Portugal ranks considerably better than European average Last year 3% of the Portuguese population could not afford a meal with a protein (meat, fish, or vegetarian equivalent) every two days,