The profits of the four Portuguese main banks got up to €1.8 BN in 2018, which means their daily revenue was at around €5M. How did they get here?

 The six largest banks operating in Portugal accelerated their sales of non-performing loans in 2018, with at least €5.719 billion having been passed on in this way, according to Lusa’s calculations.

CFP's economist noted that there is "a lot of divergences" in the GDP's evolution, and said the lack of improvement in productivity between 2000 and 2017 is concerning.

The candidate representing the socialist party for the European elections, Pedro Marques, defends the creation of European taxes on transnational companies.

Tourism revenue in Portugal increased by 9.6% to a new record of €16.6 billion in 2018 compared to the previous year, the government revealed on Wednesday.

The money sent from Portuguese emigrants to the country increased by 3.6% in 2018, reaching €3.68 billion

The non-financial sector's indebtedness level includes the whole economy, excluding the banking system. In comparison to the previous year, BdP's data shows there was a reduction of indebtedness.

The wealth generated last year was not enough for the country to pay off its external debt, according to the Bank of Portugal.

The Portuguese debt agency placed one billion euros in treasury bills on the market, at negative yields.

The governor of the Bank of Portugal (BdP), has denied any involvement in the decisions regarding loans that caused major losses to CGD, during his term as a director of that bank.

IPPI was down by 0.4% in January and up 1.2% year-on-year, which represents a slowdown from the 2.7% y-o-y rate witnessed the previous month of December, according to INE.

A part of Lisbon's revenue coming from the tourist tax will be allocated to the city's boroughs, to pay for street cleaning. The decision was approved by Lisbon's municipal assembly this Wednesday.

Portugal is one of ten European member-states where families classified their expenses with medical care, dental care and prescription drugs as having a high burden on their budget.

Porto has raised €10.4M in tourist taxes which came into force in March. These were applied to more than 5.2 million overnight stays in the city since that month.

The official indicator of economic activity in Portugal was little changed in December while that for the economic climate in January fell that month, according to the National Statistics Institute.

OECD's Economic survey on Portugal comes along with 12 recommendations. According to the report the Portuguese economic conditions have improved significantly "with GDP now back to pre-crisis levels".

The Prime Minister, António Costa, reshuffled the government for a fourth time since taking office. On Sunday, the PM announced the promotion of three secretaries of state to ministerial roles.

The central bank released this Friday the values of consumer credit granted in 2018, which increased by 10%, up to €7.35 billion last year. Car loans rose to €3.12 billion.

The president of the IGCP, Cristina Casalinho, has explained that the Portuguese debt's investment levels have increased significantly due to the update in the ratings.

There was an increase in the number of nights spent - however, this increase was much less significant than in previous years, having basically stagnated if we look at the number of non-residents.

Theresa May, the Prime Minister of the UK, contacted her Portuguese counterpart in order to convince him to back her quest for changes to the Brexit agreement signed with the EU.

China Three Gorge's takeover bid to EDP is hindering the company's growth, says Elliot Fund, one of the shareholders.

GDP increased by 2.1%, against the government's estimates of 2.3% in 2018.