LISBON, March 24 Portugal slashed its budget deficit last year by more than half to 2.1 percent of gross domestic product, the lowest level since its return to democracy in 1974 and beating the 2.5 percent target agreed with Brussels.
LISBON When Virgilio Bento's brother had to go to Cuba 20 years ago to receive cheap physiotherapy as he recovered from a life-threatening car crash back home in Portugal, he did not know it would inspire an innovation. | Video
LISBON Portugal's economic climate indicator rose in February to a four-month high of 1.3 points while consumer confidence hit its strongest mark in 17 years, official data showed on Monday.
LISBON Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday.
LISBON, Feb 24 Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday.
LISBON The capital buffers in Portugal's banks aren't big enough to deal with their bad loans, the International Monetary Fund warned, and it urged banks to clean up their balance sheets to help the country grow and cut its debt burden.
LISBON Portugal has made a new early repayment of 1.7 billion euros (£1.45 billion) to the International Monetary Fund, meaning it has reimbursed half of the bailout loans provided by the IMF during the 2011 debt crisis, the Finance Ministry said on Monday.
LISBON, Feb 20 The Bank of Portugal will hold a final round of exclusive negotiations with U.S. private equity firm Lone Star as it seeks to flesh out the terms of the potential sale of state-rescued lender Novo Banco, the central bank said on Monday.
LISBON/MADRID, Feb 17 Portugal's largest company EDP Energias de Portugal could sell the gas distribution network of its Spanish subsidiary Naturgas if it can get the right price, and has hired banks to evaluate the asset, sources told Reuters on Friday.
LISBON Spain's Caixabank successfully completed the takeover of Portugal's second-largest listed lender, Banco BPI, paying 645 million euros ($690 million) to raise its stake to 84.5 percent from 45 percent, the two banks said on Wednesday.
UNITED NATIONS The United States, Britain and France are among almost 40 countries that will not join talks on a nuclear weapons ban treaty starting at the United Nations on Monday, said U.S. Ambassador Nikki Haley. | Video