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…
Travel platform Booking.com faces 530mil US$ fine in Spain
Digital travel agency Booking.com said Thursday it risks a record $530 million fine from Spain’s competition regulator. The National Commission for Markets and Competition (CNMC) in Spain launched an investigation…
Emigrants. How to unblock bank accounts in Portugal
Many emigrants are having their Portuguese bank accounts blocked. Banks may ask for different information. Banco de Portugal explains what documents are needed. Hundreds of customers, including emigrants, have had…
January ends with 2.3% inflation in Portugal
The year-on-year rise in the indicator was largely due to the lifting of zero VAT, which once again accelerated the food component, explains INE. Inflation in the first month of…
New real estate scam through online platforms in Portugal
Looking for a house? Beware, there’s a new scam through real estate platforms. Online real estate platforms are often the scene of scams: however, attention needs to be paid to…
Higher labor cost put pressure on new real estate prices
Material prices are already stabilizing, but the cost of labor in new construction increased by 8.1% in 2023, according to INE. The construction union estimates that the sector is short…
Real household income in Portugal declining
Portugal is among the 11 OECD countries that recorded falls in real per capita household income in the 3rd quarter of 2023. Spain had the biggest drop, due to higher…
Portuguese cut back on restaurants, but eat out at least once a week
The Portuguese are cutting back on going out to restaurants, but they still eat out at least once a week. A study carried out by NielsenIQ revealed that 41% of…
IRS Portugal: inclusion of capital gains, crypto-assets and rents
The new Model 3, which has to be submitted between April and June, increases the tax on speculative income and eases the tax on rents from long-term housing contracts. The…
Seven arrested in PJ operation against bank phishing
The Judiciary Police says the group has defrauded several people in Portugal of more than 1.5 million euros since 2021. Several bank accounts with a balance of more than 200…