New ‘debt-level maximum’: Portuguese economy raises new ‘warning sign’
The indebtedness of the Portuguese economy increased by 3.4 billion euros in May this year, says new data released by the Bank of Portugal. It’s a new ‘historic maximum’, translating
Nobel economist says Portugal should agree “amicable divorce” from EU
Media sources are making much of declarations by outspoken US economist Joseph Stiglitz today that Portugal should agree an “amicable divorce” from the EU, as staying in is likely to
Algarve expects “all-round growth” in 2016
The Algarve is booming. Not only is it attracting more tourists, there are also more people buying and renting homes here. Business is improving so much that several hotels no
Portugal ranks 10th in the world’s 15 “grimmest” economies
The good news is that Portugal is in 10th position. Greece, for example, is up near the top at number five and Spain is doing worse, too, pegged at number
Troika || Black economy now 60% of troika bailout
A new study has shown that while the official economy may be struggling, Portugal’s black economy has never had it so good. It is now worth a record 26.81% of
Private debt falls 20 billion euros
New data shows the level of private debt has dropped a staggering €20 billion in four years. Even so, each Portuguese family owes an average of €40,000, claims economist Eugénio
Portuguese consumers more confidence in economic recovery
A recent study has found that Portuguese consumers are currently more confident about the recovery of the country’s economic activity than they were a year ago. However, they still do
Back in the red… new statistics on Portugal’s battered economy
Alarm bells are ringing once again over the (real) state of Portuguese economy. Reporting today, business news website Negócios quotes data from INE, the statistics institute, which it says “registers
Seminar: income from Portuguese property
While Portuguese tax rates have increased on many forms of income, recent changes in legislation have opened a fully compliant strategy that can dramatically reduce tax assessment on short-term lets
Marriage glue
New data shows that marriages in Portugal are lasting longer than they used to “for the worst of all possible reasons”. The crisis, unemployment, lack of purchasing power and high