Portugal

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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, Bloomberg News reported. The measures represent about 0.8 percent of gross domestic product and include cutting costs at government ministries and reducing the ...

Daily Headline - global.abi.org - 04/15/2014 - 23:12 - 0 comments

Portugal's Bailout Exit Delayed

Portugal's international creditors have put off paying out the remainder of the country's bailout until late June, allowing euro-zone countries to avoid having to decide whether to extend another lifeline before Europe-wide elections, The Wal ...

Daily Headline - global.abi.org - 03/31/2014 - 21:25 - 0 comments

Selling a house under Portuguese Insolvency Law

Explaining the new case law of the Portuguese Supreme Court regarding property exchange. Attachment Size _selling_a_house_under_portuguese_insolvency_law_by_nuno_manual_pinto_oliveira.pdf 125.96 KB (Eur ...

Resource Article - twallace@abiwor... - 03/24/2014 - 17:16 - 0 comments - 1 attachment

Portugal Sets Course For ‘Clean’ Bailout Exit

Portugal is jostling to be next in line to perform the periphery escape trick, the Financial Times reported. After the country’s 10-year government bond yields fell below 5 per cent for the first time in more than three years last week, Lisbon offici ...

Daily Headline - global.abi.org - 01/29/2014 - 00:26 - 0 comments

Portuguese High Court Rules Cuts in Public Pensions Illegal

Portugal's Constitutional Court on Thursday struck down planned cuts in retirement benefits for public employees, its fifth ruling this year against government measures to satisfy international bailout lenders and regain full access to financial mar ...

Daily Headline - abi_admin - 12/23/2013 - 13:31 - 0 comments

IMF Warns Portugal Of Tough Years Ahead

A digital clock inaugurated by Paulo Portas, Portugal’s deputy prime minister, has begun marking the six-month countdown to Lisbon’s planned exit from its €78bn bailout programme. But a senior International Monetary Fund official has warned that it could ...

Daily Headline - global.abi.org - 12/19/2013 - 23:30 - 0 comments

BES Debt Issue Offers Hope For Portugal's Banks

Banco Espirito Santo is set to become the first Portuguese bank to raise subordinated debt capital in four years later on Thursday, marking an important step in the country's recovery from a bailout, Reuters reported. Around 300 investors placed ord ...

Daily Headline - global.abi.org - 11/21/2013 - 21:05 - 0 comments

Portuguese Parliament Approves 2014 Austerity Budget Plan

Portuguese lawmakers on Friday approved an unpopular austerity package for next year, as the country seeks to regain investor confidence to exit its €78 billion ($105 billion) international bailout in June, The Wall Street Journal reported. Outside p ...

Daily Headline - global.abi.org - 11/03/2013 - 17:58 - 0 comments

Portugal Bets on Technology, Hires Inspectors to Fight Evasion

Portugal’s government is stepping up its fight against tax evasion, investing in new technology and almost doubling the number of tax inspectors even as it tries to cut costs with state workers, Bloomberg reported. Paulo Nuncio, secretary of state for fi ...

Daily Headline - global.abi.org - 10/28/2013 - 22:24 - 0 comments

Portugal’s Constitutional Court Threatens Country’s Bailout

Robed in black and accustomed to the quiet of their Lisbon chambers, the 13 judges of Portugal’s constitutional court have found themselves propelled unexpectedly into the cut and thrust of high European politics, the Financial Times reported. Defend ...

Daily Headline - global.abi.org - 10/24/2013 - 22:13 - 0 comments

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