Portugal issues 380 million euros in “panda” bonds

ECO News,

Portugal has been given the green light from the China central bank to issue debt in Chinese currency, in an operation assessed in 380 million euros. The issuance will be concluded by the end of 2017.

Moody’s: Portuguese banking is making progress

ECO News,

The rating agency considers the six largest Portuguese banks are giving steps towards an improvement in the quality of their assets and their capitalization. But NPL is still an issue.

Emigrants remittances increase 30%

ECO News,

Portugal received 364.7 million euros in July. France and Switzerland are still the countries with more remittances. Angola sent the most money out of the Portuguese-speaking African countries.

Houses’ sales volume soared 25%

ECO News,

More than 70 thousand houses have been sold in the first semester of the year, generating a record business volume of 8.9 billion euros. Half of those sales occurred in Lisbon.