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Black day for Lisbon stocks

The day after moneymen in the US went public on warnings of an imminent stock market collapse, trading in Lisbon has hit a new low with losses reported of more than 2%.

A leading casualty...

Portugal is “no longer the ugly duckling”

As ratings agency Fitch upgraded Portugal’s position to “positive” (see story HERE), political...

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...

More than 181,000 families were in states of default over mortgage payments in Portugal last year. The news came this week when the Bank of Portugal revealed its latest figures for 2013. Of the...

SIREVE integrates the set of strategic measures undertaken by the government for the revitalisation and restructuring of companies. It aims to improve the conditions for the recovery of companies...

Need help filling out your tax return?

Portugal’s association of foreign residents, afpop, is again holding tax seminars in association with euroFinesco to help those who need to meet their tax reporting obligations.

The afpop...

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 its predecessor...

“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 Commission...

EC fines banks €1.7 billion for interest rate scandal

The European Commission has fined six banks a record €1.7 billion for forming illegal cartels to manipulate global interest rates.

The banks participated in “illegal cartels in markets for...

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