Latest news and stories about public policy in finance in Portugal for expats and residents.
Four Portuguese municipalities are facing a 99.6 million euro shortfall in Municipal Property Transfer Tax revenue following the complex sale of six EDP dams to a French consortium.
The government maintains its decision to auction properties despite criticism that these buildings could have been repurposed to address the public housing crisis.
Eight vacant government properties in Lisbon, recently sold or slated for auction, represent a missed opportunity to create approximately 450 public housing units.
The article discusses the growing concerns about sustainability in the workplace, emphasizing the need to balance organizational development, economic growth, environmental protection, and community well-being. It highlights the challenges posed by an aging workforce in Portugal, where recruitment difficulties and talent retention issues are becoming more pronounced. The article also addresses gender disparities in the workforce, particularly the prevalence of part-time work among women and the implications for productivity and career opportunities. It calls for a demographic analysis within organizations to adapt health support and public policies that promote sustainable practices, benefiting individuals, organizations, and society as a whole.
The expense results from measures already adopted for the coming year. Furthermore, former Minister of Economy António Costa Silva warns that after the RRP, the country will have to be creative in its public policies.
Health, education, social security, and forest management are four areas, among others, that underwent reforms because fresh funding was available. Changes to professional associations and the PSU were among the most controversial.
The Minister of Economy and Territorial Cohesion, Manuel Castro Almeida, announced this Friday that Portugal has fully completed the Recovery and Resilience Plan (RRP), guaranteeing the fulfillment of all planned milestones and targets and the execution of 100% of the grants allocated to the country. “It is good news: the RRP is fully completed”, he stated.
The plan with which Portugal will finish is substantially different from the one that guided most of the implementation. The new objectives include fewer houses and vacancies in social facilities, and more commitments measured by expenditure incurred.
The train of storms that hit Portugal, resulting in 210,000 claims and 1.3 billion euros in indemnities, dominated the panel 'The Future of the Catastrophe Fund in Portugal: Public-private financing models and the role of state reinsurance' at the 5th edition of the National Insurance Forum at the Porto Customs House. Ana Teixeira, ...
Time gives us more and more information showing how we lived through a period of Great Irresponsibility under the governments of Costa. One that we are paying and will continue to pay dearly for.
Economists warn that Portugal has become poorer and that current public policies are disconnected from the actual needs of the people following a significant demographic and economic shock.
An analysis of the IMF's conventional intervention model, examining its historical application in Portugal during the 1970s and 80s, its four-pillar strategy (income, monetary, fiscal, and exchange rate policies), and the subsequent shift toward privatization-led recovery, highlighting the associated risks, errors, and the impact of austerity.
Jurist and former government official Guilherme d'Oliveira Martins used his speech at the 'Portugal in the Age of Uncertainty' panel, held at the Diário de Notícias Grand Conference, to counter the idea that Portugal should rely on improvisation. Speaking at the Champalimaud Foundation in Lisbon, he highlighted the importance of planning. The panel, moderated by DN director Filipe Alves, also featured former CDS-PP deputy Diogo Feio and former European Commissioner Elisa Ferreira. Discussions covered the need for long-term strategies to address low productivity, the importance of decentralisation, and the necessity of a 'reform of mentalities' over structural miracles. Diogo Feio addressed issues of political polarisation and the challenges of an ageing population, while also defending the need for better political representation and remuneration.
An analysis of Portugal's potential acquisition of F-35 fighter jets, questioning whether the high cost represents a genuine strategic requirement or an unnecessary luxury.
SIC Verifica examines whether food expenses represent the largest portion of the daily cost to maintain a prisoner in the Portuguese penal system.
Portugal faces the possibility of failing to meet the established deadlines for 37 projects funded by the Recovery and Resilience Plan.
Público reports that school canteens will change to attract more students, with the Directorate-General of Health updating rules to make them more appealing. Minister Manuel Castro Almeida defends the RRP, stating that only 900 million of the 22 billion is 'recycled'. Jornal de Notícias highlights that families who lost homes in the 2017 fires are still awaiting support and considering legal action. Correio da Manhã reports that José António dos Santos is set to profit nearly 40 million from his Benfica stake. Diário de Notícias notes a 40% increase in road fatalities, while Negócios reports that the tax authority must refund overcharged VAT on urban rehabilitation. Expresso provides a timeline of the storm system Kristin and the subsequent series of storms that devastated the centre of the country.
The Health Council of the Confederation of Portuguese Business (CIP) contested today the International Monetary Fund's (IMF) recommendations for Portugal regarding health and pharmaceutical expenditure, considering them out of touch with the Portuguese reality.
The CEO of CGD, Paulo Macedo, said today that institutions must collaborate to build a 'strong country', while weak institutions contribute to difficulties and more unfair policies.
The Governor of the Bank of Portugal (BdP) assured that Mário Centeno's retirement 'was a mutual agreement, there was no dismissal or favouritism' and 'it followed all defined rules'.
Álvaro Santos Pereira highlighted that a pension was granted with a replacement rate, which measures the percentage of the final salary received in retirement, 'lower than the bank employees' average'.
AI innovations, which ensure economic growth, must lead to public policies for social inclusion.
Territorial development: when the public and private sectors stop competing and start building.
The public consultation for the PTRR – Portugal, Transformation, Recovery and Resilience ends this Monday. The president of the Agency for Development and Cohesion hopes that the Portuguese RRP, as the Prime Minister called it, will be an opportunity to do things differently: define policies first and only then determine their funding sources, whether they be...
Eduardo Baptista Correia launches a book this Tuesday. The CEO advocates for an intelligent revolution.
Carlos Guimarães Pinto, Cristina Rodrigues, and Miguel Morgado analyse Mário Centeno's early retirement from the Bank of Portugal and the obstacles to appointments for the Constitutional Court on the Linhas Direitas podcast.
In an interview with SIC Notícias, José Luis Carneiro says that Mário Centeno's early retirement is “legitimate and legal”. Also, the new privatisation process for Azores Airlines.
The Bank of Portugal will pay a 10,000 euro pension for Mário Centeno to retire from the institution early. Eduardo Teixeira, from the Chega party, presents the reasons that led the party to summon the current Governor of the Bank of Portugal to Parliament.
The president of the National Association of Portuguese Municipalities (ANMP) said this Wednesday that municipalities want to be involved in the implementation of the Recovery and Resilience Transformation Programme (PTRR), specifically in defining priority projects for their territories. They want to be part of the PTRR implementation, namely the governance model for what is to come.
Mayor Pedro Pimpão, who chairs the National Association of Portuguese Municipalities, argues that the group “should be created as soon as possible” as part of a broader reform of local government.
