Latest news and stories about economic policy in finance in Lisboa, Portugal for expats and residents.
The Portuguese government and social partners convene in Lisbon to initiate discussions on the 2027 State Budget, with trade unions and business associations also pushing for a revision of the 2024 minimum wage agreement.
The appointment of the new deputy governor for the Bank of Portugal has been postponed until after the summer, with the official arrival expected in the autumn.
Chega plans to propose the reinstatement of zero VAT on essential goods, a measure they aim to limit until the end of the year. Additionally, the party is advocating for further government action to reduce fuel taxes.
The Governor of the Bank of Portugal calls for revitalising the European Single Market to foster growth and economic integration.
Seguro held a meeting at the Belém Palace with the Governor of the Bank of Portugal.
The President of the Republic received the Governor of the Bank of Portugal at the Belém Palace this Wednesday, October 7th, in a meeting to discuss the Portuguese economic and financial situation, as well as the role of supervision. This information was released on the official website of the Presidency of the Republic. The meeting between António José Seguro and Álvaro Santos Pereira occurred on the day the Bank of Portugal's October Economic Bulletin was published and on the eve of the Government's proposal for the 2027 State Budget being delivered to the Assembly of the Republic. The Bank of Portugal notes that fuel subsidies are very difficult to remove.
The President met with the head of the Portuguese central bank at the presidential palace in Belém.
The memoir of Mário Centeno as Minister of Finance now has a release date. Titled 'Contas Certas' (Right Accounts), the work will be launched on September 25th at 6:30 PM at the Calouste Gulbenkian Foundation in Lisbon, and presented by José Pacheco Pereira. At the beginning of May, Expresso reported that Mário Centeno was preparing...
The government official states that Portugal needs to adapt to a future with reduced financial support from the European Union.
By contractually shielding private profitability through 'financial rebalancing' mechanisms, the State has transformed infrastructure management into a near-zero-risk investment.
With a trembling voice and uncertainty written on his face, while reading texts prepared by unknown advisors, the Governor of the Banco de Portugal attempted, during the parliamentary hearing on the institution's new headquarters, to rehearse a response to the criticisms he himself fueled since deciding to question a decision approved unanimously...
A meeting is being held in Lisbon involving the constituency of countries that partner with Portugal within the International Monetary Fund and the World Bank Group.
The Donald Trump administration has been dismantling part of the regulatory framework built after the 2008 financial crisis. It has cut leverage requirements, diluted the final version of Basel III, and reversed part of the oversight imposed on the country's largest banks. On that side of the debate are those who argue that the bureaucratic burden of this...
The annual European Central Bank (ECB) Forum begins on Monday in Sintra, with eyes on the future of Europe, amidst a context of uncertainty surrounding trade policy and the conflict in the Middle East.
“We must de-index these remunerations from those of politicians (...) When we speak ill of the Public Administration, we must know if we are willing to pay more to the leaders,” stated the president of Caixa Geral de Depósitos.
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.
The Prime Minister sends a message to the UGT, stating that if the agreement within the social concertation fails, it will be “inexcusable”. Additionally, the Lisbon Metro expects the service to be closed from 11 PM onwards.
The Governor of the Bank of Portugal declined to comment on Mário Centeno's early retirement. When questioned by RTP during a tsunami preparedness drill in Lisbon on Tuesday, March 24, Álvaro Santos Pereira stated that 'today is not the day' to discuss the matter, deferring questions about the institution until the following day, when the latest Economic Bulletin will be released. Mário Centeno is set to leave the central bank under a pension agreement, which has sparked controversy due to the estimated 10,000 euro gross monthly pension. Álvaro Santos Pereira is expected to address the issue before members of the Assembly of the Republic following a request from the Chega party.
Retirement. The Bank of Portugal wants to cut costs on consultants
While participating in a demonstration against US attacks on Iran, the communist and Bloco leaders converged on what the reaction to the price hike crisis, resulting from the conflict in the Middle East, should be.
Centeno leaves the Banco de Portugal after 20 years and having reached an agreement on his departure. He is expected to dedicate himself to university teaching now.
Mário Centeno's long career at the Bank of Portugal has come to an end. After more than two decades as a staff member of the institution – having served as Governor between 2020 and 2025 – he signed the agreement this week that allows him to retire, ceasing his work at the bank. As ECO has learned, Centeno has already...
