Government tweaks pension calculations in billion euro spending cut
Photo: MÁRIO CRUZ/LUSA Caption: Thousands of pensioners protesting against pension cuts descended on Lisbon last weekend The way pensions are calculated is changing next year in yet another government bid
Portugal is “no longer the ugly duckling”
As ratings agency Fitch upgraded Portugal’s position to “positive” (see story HERE), political leaders have wasted no time blowing the proverbial trumpets. At a meeting organised by the Luso-Spanish Chamber
Fitch upgrades Portugal to “positive”
Ratings agency Fitch has upgraded its outlook for Portugal to “positive” and maintained the country’s credit rating at BB+. “Portugal is making good progress in reducing its budget deficit”, the
Thousands of farmers march on Lisbon
Waving placards declaring “more hunger, more misery”, thousands of the nation’s farmers converged on Lisbon last week to protest over new laws which force them to pass receipts for the
Investment and higher salaries 'now', says President
Now is the time for Portuguese entrepreneurs to start investing, and their efforts should include higher salaries for workers. So says Portuguese President Cavaco Silva, who stressed that Portugal’s recovering
Portuguese economy: “Broadly on track” with “significant risks”
As the troika returned to Portugal for its 11th bailout review – expected to last up to two weeks – the European Commission has pronounced on the country’s recovery so
New counterfeit-proof €10 note
A new extra-resistant €10 note will come into circulation on September 23, the European Central Bank has announced. The new note will be “easily recognisable due to the likeness to
Time to invest is now, says ever-upbeat Portas
“The time has come to look very closely at Portugal”. The sentence came from deputy prime minister Paulo Portas, who was speaking at a conference with Vice-President of the European
Portugal economy spruced up
After 10 months of consecutive economic contraction, the Portuguese economy finally grew for the second period of three months in a row and ended the country’s ongoing ‘technical’ recession, as
Almost 660,000 Portuguese families defaulting on mortgage payments
Reporting statistics that hide endless social tragedy, Lusa news agency reveals that 658,900 Portuguese families were defaulting on mortgage payments at the end of September this year. Figures from the