7th July 2016
Spain and Portugal were hit by a European Union move to fine them for breaching budget deficit limits in an unprecedented step to enforce rules designed to avert another debt crisis. European finance ministers must now decide whether to back the proposal by the European Commission. Should the recommendation be… Read More
12th May 2016
The European Union's administrative arm will begin procedures to sanction Spain and Portugal for failing to do enough to cut their budget deficits, EurActiv reported Wednesday. Both countries were hit especially hard by the 2008 economic crisis and have struggled to recover in the nearly eight years since. Read More
4th May 2016
Portuguese police carried out searches at football clubs, including Lisbon's Benfica and Sporting, on Tuesday as part of "Operation Matryoshka Dolls", an investigation into suspected money laundering with likely links to Russian crime. Read More
15th April 2016
To combat tax evasion, 55 countries - including Portugal - are going to start sharing information from 2017. Another 43 countries will join the list a year later. Read More
11th March 2016
The European Justice Commissioner, Vera Jourova, has called on the Portuguese authorities to investigate how Isabel dos Santos, the Angolan President's daughter, acquired 65% of the Portuguese Energy giant, Efacec Power Solutions, in June last year for US $220 million. Read More
25th February 2016
Appealing a 10-year jail term for qualified fraud and money-laundering, Duarte Lima - the former Socialist MP wanted by Interpol - may finally be tried in Portugal for the murder Brazilian authorities claim he committed in 2009. Read More
17th February 2016
The Bank of Portugal has blocked the sale of a Cape Verde unit of state-rescued lender Novo Banco due to a corruption investigation related to the planned deal, the central bank said on Wednesday. Read More