Latest news and stories about finance in Portugal for expats and residents.
The ministries of Finance, Economy, and Territorial Cohesion guarantee the presentation of an amendment proposal by the end of 2026, without clarifying whether it will allow for implementation in 2027.
Signed by the Minister of State and Finance, Joaquim Miranda Sarmento, the decree has been in effect since it was signed on Tuesday, April 21st.
José Nunes Liberato, former secretary-general of the PSD and chief of the Civil House for President Cavaco Silva, is the president of this working group.
Tax evasion has become more difficult with the Panama Papers, but tax havens continue to receive millions.
The banker died on Wednesday at the age of 71, following a long illness. The funeral procession will depart on Saturday from the Basílica da Estrela to the Estoril cemetery.
The former banker, who led BES Investimento from 2003 until its sale to the Chinese group Haitong, passed away this Wednesday at the age of 71.
José Maria Ricciardi, a member of one of the five branches of the family and former president of the group's investment bank, has passed away, ECO learned from sources close to the family. The man who challenged the leadership of Ricardo Salgado died on Tuesday at 11:00 PM, following a long illness. He was 71 years old.
It is just past 8:00 am, and by a breakfast buffet in Germany's financial hub, economist João Duque teaches one of his Finance students how to tie a tie. Dressed up and armed with several pages of prepared questions, they were about to begin a four-day visit to companies.
Joaquim Miranda Sarmento said that “the candidacy Portugal put forward passed the first round”, but then, “based on the numbers presented”, the Government decided to withdraw from the race.
The European Central Bank (ECB) is one of the decisive pillars of Europe's standing and must continue to be “a pillar of credibility and of preserving economic stability”, argues Mário Centeno, the Portuguese candidate for the institution's vice-president post, in remarks to ECO. "Europe has entered a phase of structural uncertainty – driven by ...
The Ministry of Finance says it submitted the candidacy to the president of the Eurogroup after receiving an 'expression of interest' from Mário Centeno, the former minister in the Socialist government.
Mário Centeno says he is available to run for the position of Vice‑President of the European Central Bank.
Mário Centeno is indeed Portugal's official candidate for the post of Vice‑President of the European Central Bank, he revealed in exclusive remarks to ECO. 'Encouraged by European contacts maintained during the period I served as Governor of the Bank of Portugal, I conveyed to European leaders my willingness to stand for the post ...'
The finance minister said at a parliamentary hearing he attended on Wednesday that the target budget surplus of 0.3% of GDP in 2025 could be exceeded.
The government has increased the public guarantee backing housing loans for young people offered by Caixa Geral de Depósitos (CGD) and Banco CTT to improve access to home financing for younger borrowers.
Their aggregated wealth is worth about €47.7 billion.
The pace of the slowdown is easing to its lowest level since last September.
To ensure that workers earning the minimum wage are not taxed under IRS (the Portuguese personal income tax), the tables ensure a withholding rate of 0% for gross monthly earnings up to €920, in line with the new minimum wage. Pensions up to €920 will also have no IRS withholding. The order was published this Tuesday and takes effect from 1 January.
Interest rates for fixed-term deposits held steady in November.
Bulgaria's entry into the eurozone has changed the rotation of voting rights among the euro area's smaller economies. The Governor of the Bank of Portugal is among those negatively affected.
The Council of Ministers today approved a resolution that authorises the IGCP to issue public debt within the limits set by the State Budget, allowing the agency to fulfil its financing plan.
The price of silver has risen to a new record level of €71.35 per ounce.
Last decade's cuts have helped banks achieve higher efficiency than their European competitors. Targets set by Caixa Geral de Depósitos and Banco Comercial Português for 2028 maintain cost discipline.
Under normal circumstances, the deadline for sending invoicing data would be 5 January.
The deadline for businesses to send invoices issued in December has been extended to 9 January.
The regulator warns that in 2026, although market and operational risks are expected to continue rising, liquidity and credit risks will remain stable compared with this year.
Home News Portugal bank transfer delay warning Portugal bank transfer delay warning Money from transfers made since December 24 will only reach the destination accounts on Monday, December 29, due to the closure of the system during this Christmas period.
The U.S. president hurled a nonstop barrage of abuse at Europe in 2025. The EU had to suck it up — and do a one-sided trade deal.
Nuno Amado will be the new president of the advisory council of the Portuguese Development Bank (BPF), replacing Guilherme d’Oliveira Martins, Jornal de Negócios reports this Tuesday. Currently chairman of Banco Comercial Português (BCP), Nuno Amado will combine the two roles. The new leadership will be formalised in the coming weeks, upon completion of the invitations to ...
The association representing those affected recalls that, despite the creation of commissions and reports, no concrete solution was ever found: “In short, everything was done... except the solution,” they say.
