Portugal will reimburse 1,000 million euros to IMF

ECO News,

IGCP wants to return another 1,000 million euros to IMF over the next three weeks, taking advantage of the decrease in interests, elevating to ten billion euros the total amount reimbursed in 2017.

Unemployment retrieves to 8.5% in September

ECO News,

Final data concerning September point to a 0.3 percentage points' decrease in the Portuguese unemployment rate. INE estimates the rate will stabilize at 8.5% in October.

Major funds boycott BCP’s debt issuance

ECO News,

Large funds will boycott the Portuguese bank BCP's debt issuance, as they had previously done with CGD. These investors, among which stands Pimco and BlackRock, complain of the money they lost on BES.

CGD hires KPMG to sell 1,800 million euros of NPL

ECO News,

The bank headed by Paulo Macedo continues making an effort concerning non-performing loans. CGD has chosen KPMG to help sell 1,800 million euros in mortgage, business and real estate credit.

EC: Portugal is at risk of non-compliance

ECO News,

Brussels has formalized their opinion on the Portuguese 2018SB: there is a "great" risk of non-compliance with the budgetary commitments and countries need to take action.