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The Government has decided to create a new credit line for the tourism industry to help companies that organise events. The new line of finance, aimed particularly at small and medium sized companies hard hit by the Covid-19 epidemic, will be made available this month. The announcement was made by the Secretary of State for […]
The Portuguese Supreme Administrative Court has thrown out an injunction aimed at stopping former Finance minister Mário Centeno from taking up the governorship of the Bank of Portugal. It means that the path is clear for the former Eurogroup chairman of European finance ministers to replace Carlos Costa whose 10-year tenure at the Bank of […]
Car production in Portugal has recovered to 80% of pre-Covid levels by this month despite having been down by 36.2% for the first half of 2020. Some 22,943 heavy and light vehicles were manufactured in June, which still represents a 20% decrease like-for-like on 2019. And the car production market has recovered in comparison to […]
The former chairman of Banco Espírito Santo, Ricardo Salgado and his right-hand man Amílcar Pires are to go to trial along with 23 other legal suspects on varying charges of capital laundering, fraud and embezzlement in a case dubbed the ‘Espirito Santo Universe’. In a communiqué sent to newspaper editors and TV stations on Tuesday, […]
Uptown Vilamoura is a project of 31 villas and apartments that front onto the fifth hole of Vilamoura’s famous Victoria Golf Course - which annually hosts the Portugal Masters, part of the European Tour. The homes currently under construction are surrounded by green countryside and include a clubhouse and swimming pool.