ANTONIO COSTA, Portugal’s affable prime minister, greets your columnist with a broad grin as he settles his hefty frame into a sofa in his official residence. He has a lot to smile about. Lisbon, among Europe’s hottest tourist destinations, is enjoying a mini startup boom. Portugal’s footballers are the European champions, and its politicians have […]
Paula Amorim, the Portuguese investor who’s chairman of oil producer Galp Energia SGPS SA, doesn’t think Lisbon’s booming real estate market has peaked yet as she plans to invest in offering new luxury services. “I don’t think the market has reached a peak,” Amorim, 47, said in an interview at the Conde Nast International Luxury […]
The Canadian rating agency DBRS increased Portugal’s rating to BBB with a stable outlook. The agency decided to increase Portugal’s rating by one step, meaning it now stands in the investment category, because the country improved the perspectives on debt sustainability. Moody’s, on the other hand, is keeping Portugal in the junk status until October 12, when it will […]
The plan details the Government’s macroeconomic forecasts for the upcoming four and a half years, as well as the goals the Government is committing towards Brussels. And it is expected that Portugal will present a positive evolution during this four and a half-year period.
In a stability program for 2018-2022 presented by Finance Minister Mario Centeno, the government expects a surplus of 0.7 percent of GDP in 2020 and 1.3 percent at the end of the program. Next year the deficit should narrow to just 0.2 percent from this year’s projected 0.7 percent.
Finland is planning to terminate the tax agreement signed with Portugal in 1970. This agreement, among other things, restricts Finland’s right to tax some pensions received there.