Centeno admits Portugal will enter recession “but has never been better prepared” for a crisis
Finance minister Mário Centeno took advantage of the moment statistics institute INE registered Portugal’s first ‘budget surplus’ in the history of its young democracy to give a positive spin on
Government suspends termination of rental contracts to protect families
The government has decided to press forward with an order to suspend rental contracts due to expire in a move to protect families during the coronavirus pandemic. “It is our
Covid-19: Government announces €3 billion CREDIT LINE to support companies
The Portuguese government announced this morning a series of “emergency measures” to help the country face the coronavirus outbreak, including a €3 billion credit line for companies mainly in the
Government to inject €1.4 billion into Novo Banco
The government is looking at ways to speed up the last phase of a recapitalisation process of a bank that was created from the ashes of Banco Espírito Santo which
Brussels considering new national promotional bank
The Portuguese government is planning to set up a new national bank to provide companies with a credit line. The outline structural design of the new bank, which forms part
Ministers to visit Alvor and Culatra on Friday
Portugal’s Sea Minister, Ana Paula Vitorino, and Environment Minister, João Pedro Matos Fernandes, will be in the Algarve on Friday, June 21. At 9.30am, they will visit Alvor to check
Government “thinking of resigning” over teachers’ multi-million euro demands
A PS Socialist source has admitted that the government is pondering resigning over the impossible demands placed on it by teachers. It would take €630 million to ‘give back’ all
Still no date for Algarve’s new Central Hospital
The government is “doing everything it can” to move forward with the construction of the Algarve’s Central Hospital but there is still no deadline for the project to be completed.
Commission to hone-in on CMEC energy subsidies that have cost consumers over €2.5 billion
Parliament has today approved the scrutiny of governments stretching back to 2004. The reason: to determine “the dimension of payments realised and still to realise” regarding CMECs – the controversial
CGD ‘horror stories’ fill Portuguese news as finance minister (and PM) end up with egg-on-face
With horror stories of alleged dodgy dealings, debts sanctioned to the tune of hundreds of millions of euros and meetings organised to ‘change the law’ in directors’ favour, State Bank