Zero VAT: the measure that gave each consumer 55€ in tax in 2023
The government, armed with an abnormally high level of tax revenue (because it gained from the first phase of inflation), decided to “give back” part of the gain to consumers…
Government authorizes public companies to increase salaries by up to 5%
The authorization establishes that the salary increase per employee should be 3%, with the percentage taking into account the remuneration components. The government has authorized public sector companies to increase…
Starting Jan. 2024: Apps will report your earnings to tax authorities
Apps like eBay and Airbnb will be reporting your earnings to tax authorities, under a new global agreement which took effect yesterday … There are a number of apps which…
Olive oil is in ASAE’s sights
Luís Lourenço, inspector-general of ASAE, admitted in Parliament on Wednesday that olive oil is one of the institution’s priorities, but the focus is more on quality than on price rises.…
Renewables break record in 2023: supply 61% of electricity consumption
Renewable production supplied 61% of Portugal’s electricity consumption in 2023, amounting to 31.2 Terawatt-hours (TWh), the highest figure ever in the national system, according to data from REN released on…
Gouveia e Melo warns of “danger to the State” on the Portuguese coast
Portugal and Spain are the main entry points for drugs from North Africa into Europe. Gouveia e Melo fears that bribes from trafficking networks to the population and the authorities…
A strategic Portuguese port is in the sights of the American army
The port of Setúbal is the favorite of the Americans in Western Europe for transporting military materials between America and Europe. Several shipments are scheduled for 2024. For the first…
Telepizza “shrinks” in Latin America and focuses on Portugal, Spain and Ireland
The group is closing stores in Latin America, “shrinking” its size by half. The aim is to focus on operations in Portugal, Spain and Ireland in an attempt to recover…
Foreigners working in Portugal can ask for refund of tuition fees
A salary bonus to enhance qualifications was announced as a way of returning tuition fees and retaining young people. But foreigners who work here and didn’t study in Portugal are…
Mercan Group invests 450 million to build eight more hotels
Construction starts this year, Mercan tells ECO. One of the new projects is the first Hard Rock Hotel in the country, to be built on Vau beach. The Canadian group…