The new interim CEO of Portuguese airline TAP, Ramiro Sequeira has called on “unity and common sense” to enable decisions to be taken for the good of the airline within the context of a “very slow recovery” in the industry in the coming years. “It is vital to show common sense and calm” in order […]

Uncertainty during Portugal’s lockdown over jobs and the ability to pay mortgages long-term despite the Government’s moratorium meant house sales fell 35.25% in April. And the number of overseas property buyers also fell in Portugal in 2019 as property prices increased that year. Although the two factors are clearly unrelated, it does add weight to […]

The former Portuguese European Commissioner Carlos Moedas has warned that there is a high possibility that the UK will leave the EU at the end of the year without an agreement. Moedas argues that the “Brussels machine knows what to do on the day after” as well as what will be affected. “Everything is prepared, […]

Portugal’s mutual bank Montepio is planning to make 800 staff redundant as part of a major restructuring process. The bank is to ask the Government to issue the statute of a company under restructuring. Under such an exceptional measure it can, under Portuguese labour laws, make a significant part of its workforce redundant either through […]