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As Eurostat reports that Portugal’s deficit has increased by 7 billion - tipping it six full percentage points over the government’s expectations - a damning new report commissioned by the IMF has concluded that austerity, when all is said and

Problems assailing the Grupo Espírito Santo and impacting on the country’s BES bank have prompted Spanish bankers at BBVA to pull-out of their much-publicised bailout from Portugal.

According to Spanish newspaper El Confidencial, BBVA has

As the Attorney General’s office announces it has launched ‘various inquiries’ into the banking crisis within Grupo Espírito Santo (GES), news comes that as many as 50 shareholders in Portugal Telecom are suing over the communications giant’s €

News from Portugal

Portugal’s disgraced BES bank chief and Deputy PM Paulo Portas travel to Angola in separate bids for financial support

Angola is the chosen destination this week of Deputy PM Paulo Portas, days after the disgraced former BES banking boss Ricardo Salgado allegedly travelled to Luanda in a bid for €1.2 billion worth of bailout funding for...

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Body of young man found in Carvoeiro
Algarve

The body of a young man in his 20s was found on Wednesday morning, July 16, near the rocky shore of the Algar Seco tourist spot in Carvoeiro.

Portugal

It’s been hailed as a “big step forward” in the fight against animal cruelty – a draft law that criminalises animal abuse and abandonment cases was

Controversial ‘green taxes’ in the pipeline
Portugal

Environment || A whole new batch of 39 ‘green taxes’, which if approved would lead to increases in the cost of everything from fuel and plane tic

Algarve

The parents of a six-year-old boy with a brain tumour who died after being transferred from Faro Hospital’s intensive care unit to Lisbon’s IPO onc

Latest in Portugal Resident

Top Stories

As Eurostat reports that Portugal’s deficit has increased by 7 billion - tipping it six full...

Portugal’s disgraced BES bank chief and Deputy PM Paulo Portas travel to Angola in separate bids for financial support
Portugal

Angola is the chosen destination this week of Deputy PM Paulo Portas, days after the disgraced...

Algarve

It’s official: the management of the Algarve’s three basic emergency units in Loulé, Albufeira...

Ronaldo presents ‘100% Portuguese’ shoes
Companies

Portuguese football star Cristiano Ronaldo has branched out into fashion with the launch of ‘...