Portuguese state coffers have lost nearly €600 million in corporation tax revenues because of multinationals operating in Portugal reporting their profits in both onshore and offshore tax havens. This amount corresponds to around 9% of total tax revenues. This is according to the findings of an ongoing project called ‘The Missing Profits of Nations” undertaken […]

Portugal now has a net financial position vis-à-vis the rest of the world of -100,0% of GDP, slightly less negative than the -106,6% recorded in the previous year. The Portuguese economy’s net lending capacity declined slightly, while its net financial position compared to the rest of the world is now less negative. On Thursday, 9 […]

The average price of rents rose by 10% in June compared to May according to the online estate agency site Imovirtual. The average monthly rent went from €1,097 to €1,206 in an increase driven by an increase by 9.1% in rents in the Setúbal district, 8.5% in Lisbon and 7.8% in Faro. In Portalegre the […]

The chairman of Portuguese airline TAP, Miguel Frasquilho, said this week that the company would have gone under in 2015 if it hadn’t been for private shareholder investment. “If TAP had not been part-privatised with the entry of private shareholders David Neeleman and Humberto Pedrosa the airline would have gone under,” he told Radio Observador. […]