Is Portugal heading for a residential property bubble?

Portugal could be the first country in Europe to suffer a correction in its property market in 2023 according to a financial consultant. However, it is unlikely to see a bursting property bubble as some analysts are warning. Speaking on CNN Portugal, and referring to reports that have appeared in the International press, Filipe Garcia … Read more

ECB president criticises Portugal’s economic policy

The President of the European Central Bank Christine Lagarde has criticised European governments like Portugal which have adopted across-the-board rather than targeted support measures to help Portuguese families. The ECB president also warned that the economic situation in the Eurozone would get worse before it got better, and said that budgetary measures should focus on … Read more

US proposes collaboration with Portugal to tackle cybercrime after NATO hack

WASHINGTON – The United States has proposed cooperation with Portugal in the field of cybersecurity following the cyber-attack against the Armed Forces General Staff that exposed NATO documents, Portugal’s minister of foreign affairs said on Friday. João Gomes Cravinho met Thursday in Washington with US National Security Adviser Jake Sullivan and Secretary of State Antony … Read more

Portuguese consular reform will allow each person “to have a consulate on their cell phone,” says prime minister

NEW YORK – The consular reform being prepared by the Portuguese government will allow each person “to have a consulate on their cell phone,” said Prime Minister António Costa while addressing members of the Portuguese community in New York. Costa was speaking Tuesday night at a reception held at the official residence of Portugal’s permanent … Read more

Introdução às eleições Intercalares nos Estados Unidos

Os americanos têm eleições de dois em dois anos, alternando entre anos de eleições Presidenciais (2016, 2020, 2024, etc.) e anos de eleições Intercalares (2018, 2022, 2026, etc.). As próximas eleições serão as Intercalares, a 8 de novembro de 2022. Nessa data: – Todos os eleitores norte-americanos elegerão um membro da Câmara dos Representantes; – Os eleitores … Read more

Lisbon office market surge

Office occupancy in Lisbon is breaking records with 207,300 m2 occupied in eight months, according to JLL’s Office Flashpoint report. Despite there still being four months left until the end of the year, 2022 is already the best of the last 10 years in the capital’s office segment, reveals JLL’s Office Flashpoint. According to the … Read more

Overseas consumerism up 82.5%

Consumer transactions in Portugal registered an increase in turnover of over 30% over the summer like-for-like on 2021. Whilst purchases using national bank and credit cards also increased, purchases from overseas tourists, particularly the French who most contributed to the performance of national business, with turnover skyrocketing over 80% accordion to data from a report … Read more

Government unveils €2.4Bn inflation offset package

Portugal’s government has unveiled a €2.4Bn package to help families and pensioners weather the rising tide of inflation which currently stands at around 9.1%. The Government has earmarked €1Bn for pensioners who will receive a bonus worth half of their monthly pension from October. Pensioners will also see an overall increase of between 4.43% for … Read more

24th Annual Leadership Awards Gala

24th Annual Leadership Awards Gala The Leadership Awards Gala provides critical financial support for PALCUS to carry out our mission to address domestic and international issues directly affecting the Portuguese-American community in the United States. Presentations are made at the annual PALCUS Leadership Award Gala where awardees are recognized for their personal accomplishments as well … Read more

These Six Cities Are Emerging as New Expat Hot Spots

As Covid lockdowns, political upheaval and soaring costs drive expats from Hong Kong, and rival Singapore raises the bar for imported labor, young professionals looking for adventure and careers abroad are facing a dilemma. Which will be the cosmopolitan hotspots of the future to lure a vibrant international community with high-paid jobs and affordable luxury … Read more