Banco de Portugal will eliminate the role of Board of Directors consultants. Mário Centeno, already in Miami for a new professional phase, was the first to agree to his departure, with an early retirement package improved and compensated by Banco de Portugal through the pension fund.
Banco de Portugal pays for Centeno to leave early
Tuesday, 17 March 2026RSS
Context & Explainers
The Public Administration (Administração Pública) is Portugal's central, regional and local government bodies and the public-sector workforce that deliver services like healthcare, education and municipal functions. A pay rise announced on 20 February 2026 raised the state's base public-sector salary to €934.99 with retroactive payments back to January 2026, so employees and those who contract with state bodies should expect updated payrolls and potential budget effects.
