Portugal's budget surplus plunged by 95% in 2024 after Prime Minister Luis Montenegro's government cut taxes for families and businesses and raised wages and pensions to boost the economy, official data showed on Friday.

U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance Minister Joaquim Miranda Sarmento said on Friday.

Portugal embarked on an unprecedented shift in its drug policy, one that would attract global attention. Two decades on, the country’s experience continues to raise important questions

Portugal's economic growth accelerated to 1.5% in the fourth quarter after growing a revised 0.3% in the previous three months, pushing full-year growth to 1.9%, slightly above the government's forecast,

Henrique Oliveira, a local passionate about documenting his hometown through photography, captured the moment several waves washed down one of the main streets of the area during the early hours of Tuesday.

Portugal’s economy grew by 1.9% in 2024, surpassing forecasts. Strong consumer spending and job growth helped drive this positive momentum

SVoD services continue to be increasingly popular in Portugal, reaching a record high in usage. Marktest's BStream study found that 52 per cent of Portuguese p

Record-breaking cocaine seizures in Portugal in 2024 have cemented the country’s status as a crucial axis in drug trafficking routes into Europe.

Portugal's consumer price inflation moderated at the start of the year, a preliminary report from Statistics Portugal showed on

Thanks to this JetBlue sweet spot, you can fly nonstop to Portugal from the West Coast in economy for only 19,000 points one-way.

Portugal’s government reiterated that the planned privatization of state-owned airline TAP SA will only go ahead if it can guarantee that the carrier keeps its hub in Lisbon and its strategic routes,

The future of Portugal’s Novo Banco is taking a clearer shape as US private equity firm Lone Star signals its intention to pursue an initial public offering (IPO) for a stake of up to 30% in the lender.