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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...

Lunch with the Secretary of State for Economy

Leonardo Mathias, Secretary of State Assistant to the Minister and for Economy, will be the speaker at a lunch-debate on Tuesday, December 10 at the Corinthia Hotel Lisbon from 12.15pm.

The...

Profit from Stanley Ho’s casinos in Portugal jumps

Stanley Ho Hung Sun’s Estoril-Sol SGPS SA, which runs three casinos in Portugal, made a profit of €1.26 million in the first nine months of this year, 865% more than a year earlier, reports Macau...

New €10 banknote arrives after summer 2014

The new Europa series €10 banknote will be unveiled on January 13 2014 and issued after summer next year, announced the European Central Bank today (November 26).

At a seminar in Brussels...

portugal,economist,Paul de Grauwe,austerity

A leading economist has said Portugal was wrong to try and ‘win the austerity beauty pageant’ and become the Troika’s favourite student. It did nothing for the country’s economy - and the way...

Managers, please raise low salaries if you can”

The government has given the green light to successful businesses to raise low salaries, but admits it cannot do so itself until the post-troika period.

Speaking to company managers in...

Portugal is set to receive €250 million worth of investments in a refreshing economic turn-around.

The announcement came earlier today in Parliament from Economy Minister António Pires de...

State coffers have swelled by over €143 million as a result of the government's new tax ‘pardon’ - a measure allowing debtors to pay off their debts without being fined, or charged eye-watering...

News this week is that Portugal may only be “weeks away” from officially ending its recession.
Sounds too good to be true? The prediction comes from Portugal’s deputy prime minister, Paulo...

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