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Portugal says economic growth easing need for 2015 budget cuts
Portugal's government laid out plans for savings in 2015 worth 1.4 billion euros (1.1 billion pounds) on Tuesday and said an improving economy has reduced budget cuts it needed to make for next year by about a third. Finance Minister Maria Luis Albuquerque said most of the savings would be in line ministries. "The measures approved today make up 0.8 percent of GDP, or 1.4 billion euros ...
Tue, 15 Apr 2014 07:49:07 -0700

Portugal Plans Budget Savings Worth $1.9 Billion for 2015
Portugal plans to implement budget measures worth 1.4 billion euros ($1.94 billion) to narrow its budget deficit and meet a target set for 2015.
Tue, 15 Apr 2014 08:40:52 -0700

Portugal government plans 1.4 billion euros in 2015 budget cuts
Portugal's government defined on Tuesday savings measures worth 1.4 billion euros, or 0.8 percent of gross domestic product, needed to slash the budget deficit next year and promised to abstain from tax hikes as well as further wage and pension cuts. Finance Minister Maria Luis Albuquerque said most of the savings would be in line ministries, with some gains seen from a reduction in the number ...
Tue, 15 Apr 2014 06:53:41 -0700

Portugal says will strip 1.4 bn euros from 2015 budget
Members of Portugal's armed forces take part in a demonstration against the government's austerity measures and budget cuts in Lisbon on March 15, 2014
Tue, 15 Apr 2014 09:19:39 -0700

In Portugal, A Sales Receipt May Be Your Ticket To Win Big
Buy a cup of coffee, and the vendor enters your receipt in a national lottery. The prize? A new Audi each week. It's a way struggling Portugal hopes to battle the black market and boost tax revenue.
Tue, 15 Apr 2014 14:08:24 -0700

Bento's feisty, no-nonsense manner guides Portugal
LISBON, Portugal (AP) — When Paulo Bento was hired to salvage Portugal's calamitous qualifying campaign for the 2012 European Championship, he had only four years of experience as a top-flight coach and had quit Sporting Lisbon after failing to win a league match in two months.
Fri, 11 Apr 2014 02:46:57 -0700

Is The Ronaldo Factor enough for Portugal?
The question facing Portugal at the Word Cup is plain: Can Cristiano Ronaldo do for his country what Diego Maradona did for Argentina at the 1986 tournament? Ronaldo also sprinkles magic dust onto a Portugal team that can assemble talent from Europe's top flight but which without him lacks that extra edge. He got all four of Portugal's goals over two legs, including a hat trick in the return leg ...
Fri, 11 Apr 2014 02:46:48 -0700

5 Portugal players to watch at the World Cup
Portugal has long been admired for producing talented players, and their flair has earned them the tag of ''the Brazilians of Europe.'' But Portugal heads to the World Cup still looking for its champagne moment after coming up short at past tournaments. The Portuguese lost in the final at the 2004 European Championship and in the semifinals at the 2006 World Cup and Euro 2012. Here are five ...
Fri, 11 Apr 2014 02:47:53 -0700

Fitch switches Portugal outlook from 'negative' to 'positive'
Fitch on Friday switched the outlook on Portugal's BB+ rating from "negative" to "positive", a month before the eurozone nation exits its international bailout, raising the prospect it may soon rejoin investment-grade ranks. Fitch said the upgrade to the ratings outlook is justified by Lisbon's progress in repairing public finances as well as the overall recovery of the economy three years after ...
Fri, 11 Apr 2014 06:21:22 -0700

Portugal offers golden visas to rich foreigners
Buying a property for €500,000 or more qualifies the owner for a five-year stay in the European Union Pascal Gonçalves, who started the Casa em Portugal (House in Portugal) estate agent's, soon realised that the future of his venture depended on what happened abroad. Debt and austerity measures were threatening to swamp his business in Lisbon, Oporto and on the Algarve coast. So in 2010 he ...
Sat, 12 Apr 2014 22:51:52 -0700

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