Eurostat disclosed the numbers for growth, unemployment, deficit and debt of all 28 EU countries in 2017. Is Portugal a front-runner or is the country in the rear-end of the economic recovery peloton?

José Lourenço exonerated José Marcos Barrica from the position of Extraordinary and Plenipotentiary Ambassador of the Republic of Angola in Lisbon. There are no official names for his replacement.

The Portuguese phone operator is in the market to issue 300 million euros in five-year debt securities. It all points to an interest rate below 1.4%.

Eurostat confirms that including CGD's recapitalization, the Portuguese deficit stood at 3%, only behind Spain. Even without CGD, Portugal is in 19th place in the fiscal balance rating.

Moody’s stated it will only remove the Portuguese public debt from the 'junk' status if it concludes that the progress Portugal is making is sustainable and if debt reduction is steady.

The rating agency DBRS increased Portugal's rating to 'BBB' with a stable outlook. The downward debt trajectory and fiscal discipline justify the decision, as well as the NPL decrease.

Bruno Antunes, head of cognitive computing in Novabase, spoke to ECO about the present and future of artificial intelligence. The company is developing apps for the banking sector.

Lisbon is in fashion. It received twice as many cruise ship passengers in the beginning of the year, a record growth that results from the new terminal in Lisbon.

Each day, real estate consultants in Portugal receive over 70 proposals for a single real estate property. "Proving they are financially fit" is key for potential tenants to convince owners.

The number of Portuguese unemployed in March fell 2.8% to 393.3 thousand people, a number that, for the first time in ten years, stood below the 400 thousand threshold.

The Portuguese banking sector continues shrinking. Since the financial crisis, close to one fifth of employees and closed one hundred branches. This decrease will continue for the next years.

Portuguese public debt lead to an increase in the indebtedness of the economy in February, reaching 721 billion euros. It is the higher number since September of last year.

"The ultimate keeper of financial stability is the Government, and within the Government, it is the Finance minister", so the Government must be willing to help Associação Mutualista.

The Government foresees in the Stability Programme that Portugal will have a 0.7% deficit this year. However. the International Monetary Fund (IMF) foresees that will only happen in 2021.

The European Commission will fine Altice for purchasing PT Portugal without its approval. The fine can surpass 450 million euros.

In the first financing operation of the quarter, Portugal was able to get the maximum amount it hoped for. It got negative interest rates in both maturities.

The International Monetary Fund foresees the Portuguese economy will grow 2.4% in 2018. However, it anticipates a stronger deceleration in 2019.

The Government has already made 593 million euros available to support investments in tourism. The Programme Valorizar already approved 262 projects.

The Bank of Portugal has moved forward with formal accusations to the auditor KPMG and three other people in charge, including the CEO, Sikander Sattar. Fines can reach 2.5 million euros.

The Finance minister acknowledges that 2018 should not be the last year in which Novo Banco will weigh in on public accounts.

The 2018-2022 Stability Programme shows the Government's optimism about the economy. The deficit will fall to 0.7% of GDP this year. And there will be a fiscal surplus of 0.7% in 2020.

TAP SGPS, the mother group to the airline TAP, presented a 21.2 million euros' profit last year. The aviation business alone tripled its results: it stood at over 100 million euros.

Next week, IGCP will have two auctions for three and eleven months Treasury bills. The goal is to raise up to 1,250 million euros of financing.

The 2016 agreement has not yet arrived in the Portuguese Parliament, according to the Finnish Finance Ministry. The Finnish law will be enforced if there isn't a replacement for the old treaty.