Economy

Despite concerns about potentially affecting tourism rates, the Porto city council has approved a proposal to increase tourist taxes on overnight stays from €2 to €3.

posted on 22.11.2024

Markets

Portugal has seen a substantial rise in the number of residence permits issued to Brazilians, according to a recent report from the country’s Agency for Integration, Migration, and Asylum (AIMA).

posted on 14.11.2024

Economy

Portugal's unemployment rate declined to 6.2% in January 2025, down from 6.4% in December 2024, according to provisional estimates from Statistics Portugal.

posted on 04.03.2025

Economy

Foreign direct investment (FDI) in Portugal rose to €13.2 billion last year, with €3.5 billion linked to real estate, according to the Bank of Portugal on Wednesday.

posted on 27.02.2025

Economy

Portugal's economy recorded an external surplus of €9.3 billion in 2024, marking 3.3% of its GDP, a historic high since records began, as reported by the Bank of Portugal earlier this week.

posted on 20.02.2025

Economy

Preliminary data from the National Institute of Statistics (INE) shows that in 2024, tourist accommodation establishments in Portugal recorded 31.6 million guests and 80.3 million overnight stays

posted on 17.02.2025

Economy

Portugal’s environmental goods and services sector accounted for 5.6% of production and 4.3% of Portuguese exports in 2022, according to the National Statistics Institute (INE) this week.

posted on 07.02.2025

Economy

Portugal's economy grew by 1.5% in Q4, driving its full-year growth to 1.9%, slightly surpassing the government's forecast, according to official data released on Thursday.

posted on 05.02.2025

Economy

Portugal's economy experienced faster growth in the fourth quarter, according to preliminary indicators, bolstering the government's optimism that the country's economic expansion in 2025 will surpass that of 2024

posted on 16.01.2025

Economy

The Organisation for Economic Co-operation and Development (OECD) has raised its growth forecast for the Portuguese economy this year to 1.7%,

posted on 05.12.2024

Economy

The European Commission stated on Tuesday that Portugal's medium-term budget plan, which outlines public spending goals from 2025 to 2028, aligns with the European Union's updated budget regulations, ensuring a “sound budgetary situation” throughout the period.

posted on 27.11.2024

Economy

Despite concerns about potentially affecting tourism rates, the Porto city council has approved a proposal to increase tourist taxes on overnight stays from €2 to €3.

posted on 22.11.2024

Markets

Portugal has seen a substantial rise in the number of residence permits issued to Brazilians, according to a recent report from the country’s Agency for Integration, Migration, and Asylum (AIMA).

posted on 14.11.2024