• Portugal: Lisbon prime retail rents in Q2 show biggest rise in Europe – study

    Lisbon, Aug. 16 (Lusa) – Lisbon’s downtown Chiado neighbourhood in the second quarter posted the largest year-on-year increase in rents for street-level commercial premises, followed by Budapest, Rome and Milan, according to figures released by property consultancy Cushman & Wakefield on Wednesday. According to C&W’s ‘DNA of Real Estate’ study, prime monthly rents in such […]

  • Portuguese tax authority must keep offshores’ data online for four years

    Decree order regulating the publication of statistical data on offshore transfers has been published in the Portuguese Official Journal this Monday. In May, a change to the General Tax Law (Lei Geral Tributária) determined the yearly publication of the overall amount and destination of the transfer and funds sent to territories which have a privileged […]

  • Portuguese Economy Grows 0.2%, Falling Short of Estimates

    Portugal’s economic growth decelerated more than forecast in the three months through June, expanding at the slowest pace in a year. Gross domestic product rose 0.2 percent from the first quarter, when it expanded 1 percent, the Lisbon-based National Statistics Institute said in a preliminary report on Monday. That fell short of the 0.6 percent […]

  • Portugal: Lower taxes, higher pensions promises finance ministe

    Lisbon, Aug. 14 (Lusa) – Portugal’s finance minister, Mário Centeno, said on Monday he intended to cut income tax on the lowest earners and increase pensions. Mário Centeno said in a commentary on the 2.8% increase in Gross Domestic Product (GDP) in the second quarter of 2017, that income taxes would be cut on lower […]