02
November
2018
Macroeconomic scenario enables Portugal to ‘return to normality’, Centeno says ECO News 11:42
Author:
Mariana Costa
0
Portugal’s finance minister, Mário Centeno, said on Wednesday in Lisbon that the country’s macroeconomic scenario enabled Portugal to “return to normality” without compromising the future.
26
October
2018
Credit for consumption hits record highs. Data shows the Portuguese asked for €162m more in September
Despite warnings from national and international authorities, credit loans keep rising. It has now reached the level it hasn't since October 2011, the year Troika started intervening in Portugal.
23
October
2018
Porto will not follow Lisbon in restricting short-term rentals
Moreira said that an alternative solution would be proposed by Porto to avoid “killing the goose that laid the golden egg” of tourism.
22
October
2018
Portuguese public debt gets to 124.8% of GDP in 2017
Author:
Mariana Costa
Portugal has the third highest government debt to GDP ratio in the EU, at 124.8%. 15 Member States have government debt ratios higher than 60% of GDP, with the highest being Greece, Italy and Portugal
19
October
2018
Government bans use of plastic bottles, bags and plates in state sector
The Portuguese Government decided to ban the use of plastic bottles, bags, and plates, as to force departments to find alternative materials. Paper and other consumable items should be reduced by 25%
18
October
2018
Strengthening of economic growth and convergence towards the EU. “All the goals outlined will be met in 2019”
Author:
Mariana Costa
The economic growth are seen in a government deficit of 0.7% of GDP, a growth of 2.2% of GDP, with increases in investment (7%) and exports (4.6%). Labour market conditions continue improving in 2019.
16
October
2018
Prime minister says government has gained ‘renewed momentum’
Portugal’s prime minister, António Costa, on Monday said that the State Budget 2019 proposal would spark “renewed momentum” within the government. Moody's new rating is "turning point" for Portugal.
27
September
2018
Costa estimates public investment to go up 40% in 2018
The Prime Minister said this Wednesday that public investment is due to increase by 40%, as a result of a "healthy" budget consolidation policy, claiming Lisbon's public transports "are better now".
24
September
2018
Indebtdeness on the rise again. €722 bn, 367.2% of the Portuguese GDP
Our economy's indebtedness increased again in July. Government, families and companies' total indebtedness reached €722 billion, representing a 367.2% share of the wealth created by the Portuguese.
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