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The collapse last year of Portugal’s justice portal CITIUS has been blamed for the 9% increase in the number of bankrupt companies (5,529) between January and September 2015.

Risk...

Faro Airport beefs up low season with extra flights

Winter is going to be busier than usual at Faro Airport this year, with three new air links, new airlines and more weekly flights.

It’s all part of airport authority ANA’s plan to “fight...

Bank of Portugal detects 9,250 false notes in circulation

The Bank of Portugal detected 9,250 false notes in circulation last year, and destroyed €3.6 billion “because they were in poor condition”.

The notes amounted to a total of €326,715 and,...

Salgado elected “the worst CEO of 2014”

Former Banco Espírito Santo (BES) boss Ricardo Salgado has been named the “Worst CEO of 2014” in an "exhaustive study" highlighted by the BBC.

Study author, professor of strategy and...

Tax authorities warn of fake emails

Malware || Portugal’s tax authority has issued a warning over a fake email being sent out in its name.

The mail is designed to plant 'malware' in users' computers.

Says AT (...

Social Security rapidly running out of money for future pensions

The “devil is in the detail”: next year’s budget shows that Social Security will be unable to pay future pensions by 2030. That’s 20 years earlier than the government first predicted. As if this...

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...

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