Portugal’s GDP soars 13.2% in Q3

Portugal's GDP registered a year-on-year reduction of 5.8% in the third quarter. However, In the quarter-on-quarter rates of change, there was a growth of 13.2%.


Movement between municipalities limited until Tuesday

Lusa,

The measure decreed by the government will take effect during a period which includes All Saints' Day on Sunday 1 November and the Day of the Dead the following day.


António Costa says vaccines to be distributed simultaneous

Lusa,

Portugal's prime minister has said that the EU will distribute the future anti-Covid-19 vaccine fairly and according to the population of each member state.




Eurozone: Portugal registers 8th largest drop in tax burden

ECO News,

The tax burden in Portugal fell by two-tenths in 2019. The weight of taxes and social contributions dropped to 36.8% of GDP, below the Eurozone average.


State Budget 2021 approved only by Socialists

Lusa,

The State Budget for 2021 was approved on Wednesday in parliament, only with favourable votes from the Socialist Party.



Covid-19: Tourists may move between municipalities

Lusa,

Tourists are allowed to circulate between municipalities in Portugal, despite the restrictions that apply between October 30 and November 3.


FC Porto reports ‘record losses’ for 2019/2020

Lusa,

FC Porto had "record losses" in the 2019/20 financial year, €116.1 million, due to the club's absence from the Champions League during the season and the Covid-19 pandemic.





Auditor of defunct BES bank fined €1M

Lusa,

The Market regulator has fined KPMG a million euros after finding irregularities in the consultancy's activities in the area of legal certification of the accounts of the former BES bank.




Closing borders within EU ‘makes no sense’ – government

Lusa,

The second phase of the Covid-19 pandemic "it makes no sense" to close borders again within the European Union, Portugal's secretary of state for European affairs has told members of parliament.




Libyan investor will buy EuroBic only with majority stake

ECO News,

A promissory agreement signed with Isabel dos Santos foresees that the Libyan investor Roger Tamraz can cancel the deal if he does not acquire over 50% of EuroBic's stake.


Banks cut almost 13,000 employees in 10 years

Lusa,

According to Bank of Portugal, banks operating in the country cut almost 13,000 employees and closed more than 2,000 branches in the last 10 years.