Novo Banco aims to dismiss 440 workers until the end of this year and it has already told its employees what are the conditions it is offering by reducing the bank’s staff, ECO ascertained.
The environmental sector has great potential for cooperation between Portuguese and Chinese companies, and Macau can be an exchange hub, according to officials from both countries. Speaking to Macauhub at the end of a Chinese business visit to Portugal, sponsored by the Macau Trade and Investment Promotion Institute (IPIM), the chairman of the organisation, Jackson […]
The European Commission wants the Portuguese Government to continue the reform path, focusing on decreasing external, private and public debt from the country. Valdis Dombrovskis, vice president for the Euro, asks Mário Centeno to make further efforts “to achieve a sustainable correction of the imbalances”, is stated in the letter. “The Commission wishes to encourage the […]
LISBON, Portugal — A report by an international watchdog has warned that Portugal has a “very low level of compliance” with recommendations on fighting government corruption.
For Chitra Stern, Portugal’s economic recovery is bringing an unforeseen twist. When she and her husband opened their first hotel in a small fishing village on the southwestern tip of Portugal in 2010, they had no trouble finding workers to help run it in spite of its remote location. They visited a few hotel management […]
The economy created 290,000 jobs between 2016 and 2017 as its recovery from a 2011-14 debt crisis accelerated, lowering unemployment at one of the fastest rates in Europe and helping to boost Portuguese workers’ disposable incomes. Average unemployment reached a nine-year low of 8.9 percent last year, down from a crisis-era high of 17 percent […]