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Inflation in Portugal exceeded the EU average in July to hit 9.4% from 8.9% in June. This is according to the EU’s statistics department Eurostat which released the inflation figures for the Eurozone. It is the country with the ninth lowest inflation rate of all the Eurozone countries, but nevertheless was still above the European … Read more

The Portuguese fund ESC Capital that contained assets belonging to the former Espírito Santo Group has been sold to the US fund Davidson Kempner for €850 million. Now awaiting approval from regulators, the news was broken on Friday by Jornal Económico. The sale to DK is likely to be completed by the last quarter of … Read more