Business

Bank of Portugal leaves a notice.Falling house prices are a risk

Bank of Portugal leaves a notice.Falling house prices are a risk

Manuel de Almeida / Lusa Mario Centeno, Governor of the Bank of Portugal The Bank of Portugal warns of economic risks and vulnerabilities that can impede financial stability, with a particular focus on reducing household income and bank impairment as well as home prices. The semi-annual financial stability report released by the Bank of Portugal …

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The government is taking advantage of price cuts to raise gasoline taxes. For the first time since March – Observer

You have free access to all observer articles to be our subscriber. Government forecasts for changes in fuel prices next week show that diesel will fall 3 cents per liter and gasoline will fall 4 cents (3.9 cents). These declines disrupted the weekly cycle of rising fuel prices and had a greater impact on diesels …

The government is taking advantage of price cuts to raise gasoline taxes. For the first time since March – Observer Read More »

Luggage piled up, flight was canceled and long wait time occurred

Many people want to travel because they have returned to normal after the pandemic-related restrictions have been lifted. But this summer’s flight could be a real practice of patience. Similar to what is happening at Lisbon Airport, the turmoil has also been set up at some European airports and the United States, suffering from a …

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Major shoe brands exchange production in Asia for Gimaran

Major sports shoe brands are switching from production in the Asian market to production in the Portuguese market due to increased energy and transportation costs. Guimaraes also has companies that produce what was previously manufactured primarily in China. The chairman of the Portuguese Shoe Industry and Parts Alternative Leather Products Association (APICCAPS) will consider in …

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Leon leaves government with a 0.4% deficit in the first quarter-finance

The recorded budget deficit was 0.4% of GDP in the first quarter national accounts, and the final deficit was managed by former Minister of National Accounts (INE) João Leão, announced Friday, June 24. It was below. “The general government balance for the first quarter of 2022 reached € 233.6 million, which is equivalent to -0.4% …

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Banco de Portugal warns of risk of falling home prices-banks and finance

The difficult situation of the war joining the “worst case” will create a long list of risks and vulnerabilities that could threaten financial stability. First of all, “Risk of falling prices in the residential real estate market due to changing funding conditions” can be read in the Financial Stability Report issued by the Bank of …

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The general price of food baskets has dropped slightly, but some products continue to rise.Know which

The war in Ukraine has fueled a steady rise in food prices, with the exception of this week. A practiced value analysis by Deco Proteste recorded a slight drop of 0.60% (1.22 euros less) in the price of baskets of essential foods between June 15th and 22nd, costing € 201.98. It is clear that. The …

The general price of food baskets has dropped slightly, but some products continue to rise.Know which Read More »