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Portugal boosts govt's TAP airline stake to 50%

6 February 2016 | 0 comments

Portugal's new Socialist government said Saturday it had boosted its stake in national airline TAP to 50 percent from 39 percent in line with an election pledge of re-nationalisation.Prime Minister Antonio...

Under EU pressure, Portugal cuts 2016 deficit target

5 February 2016 | 0 comments

Portugal said on Friday it had cut its budget deficit target for 2016 to 2.2 percent of gross domestic product (GDP) from a previously announced target of 2.6 percent.The government -- under pressure...

EU approves Portugal budget despite concerns

5 February 2016 | 0 comments

The European Commission on Friday approved Portugal's draft budget for 2016, but warned that more efforts would be needed by the socialist-led government to avoid a breach of EU rules on spending.The...

EU approves Portugal budget despite concerns

5 February 2016 | 0 comments

The European Commission on Friday approved Portugal's draft budget for 2016, but warned that more efforts would be needed by the socialist-led government to avoid a breach of EU rules on spending.The...

Expat currency news — Pound declines after BoE unanimously holds rates

Expat currency news — Pound declines after BoE unanimously holds rates

5 February 2016 | 0 comments

If you have a foreign currency transfer coming up, securing a competitive exchange rate can make a big difference on how much you receive. [Contributed by TorFX]

Stick to path of reforms: Merkel to Portugal

5 February 2016 | 0 comments

German Chancellor Angela Merkel on Friday urged Portugal to stick to its commitments on economic reforms, as concerns grow that the new Socialist-led government was easing off on budget discipline."The...

Portugal cabinet adopts budget without waiting for EU blessing

4 February 2016 | 0 comments

The Portuguese government on Thursday adopted its 2016 draft budget, a day before the European Commission was due to deliver its verdict on the country's progress towards more austerity.The EU Commission...

Portugal government adopts 2016 draft budget without EU's approval

4 February 2016 | 0 comments

The Portuguese cabinet on Thursday adopted its 2016 draft budget without waiting for EU Commission approval, a government spokesman said.The EU Commission had asked Portugal to revise its budget to adopt...

IMF and EU warn Portugal against 'loosening' budget effort

4 February 2016 | 0 comments

Portugal's former international creditors voiced concern Thursday over a "loosening" of budget discipline and urged the new Socialist-led government to do more to spur economic recovery.The International...

IMF worried over Portugal's budget 'loosening'

4 February 2016 | 0 comments

The International Monetary Fund (IMF) urged Portugal on Thursday to do more to spur economic recovery, voicing concern over a "loosening" of budget discipline by the new Socialist-led government."Portugal...

Portugal bows to EU pressure to lower budget deficit: official

4 February 2016 | 0 comments

Portugal has agreed to lower its 2016 budget deficit and growth forecasts following pressure from the European Commission, a government official told AFP Wednesday.The new Socialist-led minority government,...

EU warns Socialist-led Portugal on budget commitments

2 February 2016 | 0 comments

The European Commission on Tuesday demanded that the Portuguese government rework its draft budget for this year because it falls short of commitments to reduce public spending.The Socialist Party-led...

The 10 best and worst countries for corruption

2 February 2016 | 0 comments

The watchdog Transparency International Corruption Perceptions Index was recently published. Here are the best and worst 10 countries for corruption.

Expat currency news — Stock markets rally while solid UK GDP boosts the appeal of the pound

Expat currency news — Stock markets rally while solid UK GDP boosts the app...

29 January 2016 | 0 comments

If you have a foreign currency transfer coming up, securing a competitive exchange rate can make a big difference on how much you receive. [Contributed by TorFX]

Spain court finds captain, British insurer liable for Prestige oil spill

26 January 2016 | 0 comments

Spain's Supreme Court said Tuesday it had found the captain, British insurer and owner of an oil tanker that broke up off northwestern Spain in 2002 liable for one of Europe's worst environmental disasters.Reversing...

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