Bank of Portugal introduces new 5€ collector coin
The Banco de Portugal launches new five-euro coin on November 13th: only 20,000 copies will be available On November 13, 2024, Banco de Portugal will put into circulation a collector’s…
Portugal is among the least prosperous countries in Europe
Portugal is among the least prosperous countries in Europe and it only just manages to outperform the East. In the 2023 ranking Portugal is in the second half of the…
Living the Portuguese dream in Algarve, Cascais and Comporta
Americans are increasingly looking for premium homes. The ‘yankee’ luxury itinerary in Portugal essentially involves three regions. Prices for luxury homes in the Algarve have already skyrocketed with the increase…
Portugal has 2 months to transpose EU law on bad debts and consumer protection
The European Commission notified Portugal January 25 that the country has not communicated the transposition of the directive on credit managers and credit purchasers, with consumer protection safeguards, giving it…
Portugal has grown half as much as Spain in two decades
A platform launched by the BRP association compares Portugal with other countries on indicators such as GDP and salaries. Portugal is currently in 39th place in the World Competitiveness Ranking.…
Tax authorities remind taxpayers to validate invoices
Don’t let them accumulate and validate them periodically. The Tax Authority (AT) has reminded taxpayers, in a post shared on social media, that they must validate their invoices for IRS…
Slowdown in real estate prices is a risk for non-performing loans in Portugal, warns DBRS
DBRS speaks of a prolonged period of inflation and high mortgage rates that could put the system under pressure, especially given the vast majority of variable rate mortgages in the…
House prices fall in Europe but continue to rise in Portugal
House prices have already fallen in the Euro-zone for two consecutive quarters, by around 2%, but Portugal is bucking the trend of falling house prices. According to Eurostat’s house price…
Portugal should have record business investment in 2023
Giving the example of Toyota’s electric vehicle, which was presented today, Costa defended a commitment to more sophisticated products, adding that currently 38% of exports are already high and medium-high…
Portuguese household wealth is the sixth lowest in the Eurozone
Portuguese household wealth is around 30% below the Eurozone average. Portugal is 15th in the table of countries that use the euro. The average net wealth of Portuguese families is…