Average gross salaries rise 3.6% in second quarter
Average gross monthly earnings per employee (per job) increased by 6.4% to €1,640 in the second quarter in Portugal compared to the same period last year, but in real terms
GDP growth of 2% this year ‘unfeasible’ – economists
The Forum for Competitiveness has warned today that GDP growth in the second quarter was lower than expected, making it “unfeasible to achieve growth of 2% for the whole of
Government considers ‘reprogramming’ PRR, “replacing European funds with national ones”
“We need to look at investments that won’t make PRR deadlines” Portugal’s AD government is considering reprogramming the Plan for Recovery and Resilience (PRR) next year, replacing European funds with
Portugal plans “massive tax cuts” to boost investment and growth
The 60 government measures aim to accelerate business and economic growth Portugal’s government has agreed a massive booster jab package for Portuguese business by bringing IRC tax down to 19%
Portuguese economy slows down in June – barometer
Economic activity slowed down in June year-on-year, despite the slight improvement in industrial production, and there was a smaller contribution from net external demand, according to the CIP/ISEG barometer released
New measures could push public finances back into red, says central bank
The Bank of Portugal warned on Friday that measures approved recently by the government risk pushing the public sector finances back into the red in the coming years, in its
‘Race against time’ to overcome PRR delay
“Out-of-the-box solutions” needed Portugal’s minister for cohesion said on Wednesday that the government is “going against the clock” and adopting “out-of-the-box solutions” to meet the deadlines of its Recovery and
Mortgage rates fall in Portugal for first time in two years
Rates in February fell to 4.641% The implicit interest rate on mortgage contracts fell in February for the first time since March 2022 – dropping 1.6 percentage points (p.p.) to
NHR Tax Holders Faced Massive Tax Bills due to Lack of Planning
Many wealthy expats in Portugal are enjoying the tax benefits of the Non-Habitual Resident (NHR) tax regime. However, for some, a rude awakening awaits them at the end of the
EU recovery plan ends in 2026, no matter how many elections Portugal has
The European Commission has declined to comment on the Portuguese parliamentary elections, but has made it clear that the Plan for Recovery and Resilience Plan (PRR) must be implemented by