The Tax Inspectorate would look into the use of the non-ordinary residents scheme in conjunction with the Maltese tax scheme to evade taxes, after identifying cases of abuse of these schemes. This is one of the sectors with a high risk of fraud identified in the latest annual report of the Tax Authorities (AT) on […]
Tag: money
Social security with a positive balance of 2043.3 million euros in May
Social Security ended the month of May with a positive balance of 2,043.3 million euros, representing a 6.9% year-on-year increase in effective income and a 7% decrease in effective expenditure, the authority said on Thursday. familiar. In a statement, the Ministry of Labour, Solidarity and Social Security said that “social security was closed in May […]
Six billion for airports in Lisbon
The deadlock over the location of an alternative to Portela has come to an end. The government broke up the long quarrel between Montijo and Alcochete and decided to keep both. Montijo, a complementary solution, should be ready within four years. Alcochete will be the main infrastructure replacing Humberto Delgado Airport in 2035. In an […]
Home loan stock up 4.8% and consumption up 4.9% in May
The ‘stock’ of loans to private individuals for housing and consumption amounted to 98,700 and 20,100 million euros respectively in May, 4.8% and 4.9% more than in the same month of 2021, the Bank of Portugal (BdP). According to the statistics on loans and deposits from banks to businesses and households, at the end of […]
Unemployment rises to 6.1% in May, from 5.9% in April
The unemployment rate was 6.1% in May, 0.2 percentage points above April, but lower than 6.9% in May 2021, according to preliminary data released Wednesday by the National Institute of Statistics (INE). According to INE’s ‘Monthly Employment and Unemployment Estimates’, in May “the unemployment rate was 6.1%, 0.2 percentage point higher than the previous month […]
Interest on Portuguese debt falls to two, five and ten years
Interest rates on Portuguese debt fell to two, five and ten years this Wednesday, in line with those of Spain, Ireland, Italy and Greece. At 9:28 am in Lisbon, the 10-year yield fell to 2.684%, from 2.694% on Tuesday and 3.100% on June 14, a maximum since August 2017. During this period, yields ended in […]
ECB. Lagarde sees less and less return to the end of the tunnel
Inflation seems to be infecting the economy as a whole and this is raising new problems and challenges, in addition to the most immediate aspect of the European Central Bank (ECB) raising interest rates to stop prices, which is starting to pile up most debt. walk the curve. : countries, companies and families. Inflation in […]
Timetable for an income deal slips again
The government guarantees there will be no setbacks, but the timetable for an agreement on income and competitiveness has shifted again. Thought for 2020, it was held back by the pandemic. The weather was expected in June of this year, but expectations were postponed to October. And now there is no “point of arrival” anymore. […]
Christian Asinelli: “It is a historical hypothesis to bring Portugal and Latin America closer together”
How are the trade relations between Latin America and Europe, especially Portugal? Europe remains a relevant partner for most of our economies, the second or third partner in most Latin American and Caribbean economies, and there is also great relevance for investment. Historically, Europe has been an important foreign direct investor, generating employment and knowledge […]
Lagarde and Centeno advocate high wage controls for 2023
Unions and employers must ensure that wages negotiated for 2023 do not keep pace with this year’s inflation to avoid so-called “second-round effects” on prices, European Central Bank (ECB) president asks . Days earlier, the governor of the Bank of Portugal (BdP) issued a similar warning, but for the Portuguese case: he signaled that increases […]