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Economy

Home Economy Page 2

Portugal and young man (Hugo Teles-Unsplash)

Portugal’s political crisis blamed on high end ‘immigration’

UK ‘Telegraph’ paints CHEGA as party behind crisis While in Portugal, the media sees the political crisis as one centred on the prime minister’s possible conflicts of interest, abroad interpretations

March 12, 2025by Natasha DonnIn Economy, Government, Politics
Torre de Belém, Lisbon

S&P ups Portugal’s rating to ‘A’ with positive outlook

Ratings agency remains confident in Portugal’s policy The US ratings agency Standard & Poor’s (S&P) raised Portugal’s rating on Friday from A- to A with a positive outlook and could

March 4, 2025by Chris GraemeIn Economy
French flag (Cecile Hournau-Unsplash)

Trade between France and Portugal reaches €16 billion

French companies in Portugal are the main overseas employers in the country Trade between Portugal and France rose to €16 billion in 2024, according to figures from the National Statistics

March 4, 2025by Chris GraemeIn Business, Economy, France
Foreign direct investment increased by 19% in 2024

Foreign direct investment increased by 19% in 2024

The FDI, reaching €13.2 billion, represents 71% of GDP, with €3.5 billion attributed to real estate. On Wednesday, the Bank of Portugal announced that foreign direct investment in Portugal increased by €13.2 billion last year, of

February 27, 2025by LusaIn Economy, Investment, Portugal News
Forecasts by Portugal's finance ministry Joaquim Miranda Sarmento point to growth and budget surpluses. Image: AntĂłnio Pedro Santos/ Lusa

Finance minister “confident” in 2.5% GDP growth in 2025

Growth assured “if economy doesn’t suffer any external economic shocks” In what has to be taken in the context of current extraordinary times, finance minister Joaquim Miranda Sarmento has said

February 26, 2025by Natasha DonnIn Economy, Portugal News
Évora, Alentejo - Photo: Sonia Bonet/Shutterstock

“Please value what is ours” – Portugal’s businesses think outside the box

Portugal’s entrepreneurs appeal to citizens to “value our brands” Portugal’s entrepreneurs have sent out an appeal to the government and “all the Portuguese people” – “please value what is ours”.

February 20, 2025by Portugal ResidentIn Business News, Economy, Portugal News

Portugal celebrates external surplus of €9.3 billion in 2024

Portugal’s economy had an external surplus of €9.3 billion in 2024, equivalent to 3.3% of gross domestic product, an all-time high since records began, the Bank of Portugal announced today.

February 19, 2025by Natasha DonnIn Bank of Portugal, Economy, Portugal News
Lisbon (Cyril Cazal-unsplash)

Moving to Portugal – Residency and taxation

Portugal offers an outstanding quality of life, characterised by a relaxed pace and a welcoming, hospitable culture. The country’s diverse landscapes, ranging from breathtaking beaches and rolling countryside to dynamic

February 15, 2025by Adrian HookIn Economy

Average wages rose 3.8% in real terms to €1,602 in 2024

The average monthly total gross remuneration per worker grew by 6.3% in 2024, compared to 2023, to €1,602 – but advanced by only 3.8% in real terms, INE Statistics Portugal

February 14, 2025by Natasha DonnIn Economy, Portugal News
Portugal and Spain Flag - Shutterstock

“The Iberian Miracle”: Saving Europe from recession

Never before has Iberia been “so important”  These strange and unusual times have worked a form of wacky magic on southern Europe – an area so maligned in the past

February 12, 2025by Natasha DonnIn Economy, Portugal News, Spain
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