Portugal’s cash buffer is the strongest in the EU

ECO News,

Data from the first quarter of 2018 shows Portugal's government debt was the third highest at EU-level. Yet, in the indicator corresponding to cash buffer, Portugal showed the best result in the EU.

Portugal’s debt reached a total of €724bn

ECO News,

In May this year, the Portuguese debt pile had increased yet again reaching the heavy amount of €724bn. The total sum of non-financial debt was five times higher than the country's GDP the same year.

Cláudia Azevedo is Sonae’s new CEO

ECO News,

Cláudia Azevedo will take on the executive presidency role at Sonae. In a public statement to CMVM the news about who would take the CEO's role were disclosed.

Real estate: BPI’s block in Baixa sold for €66m

ECO News,

Six months were enough for BPI bank to successfully find a buyer for their block, located at the Portuguese downtown area, Baixa. Sold for €66m, Lisbon shows an increasing trend in real-estate prices.

Government approves a 20% Corporation Tax (IRC) bonus

ECO News,

Companies located in the interior of the country will benefit from a 20% tax bonus which could in some cases result in a zero value corporation tax, encouraging investment to boost in these regions.