Category Archives: Portugal

P.O. Cristiano Ronaldo ALL – Maurizio Sarri ZERO

P.O.

I admit it is not easy to coach the best player that ever existed, which is what Cristiano Ronaldo is.
Simply the best ever!
But Mr Maurizio Sarri should have remembered that Mr Cristiano Ronaldo is the World’s Number One person in terms of recognition.
And who is Mr Sarri…?
No one.
Cristiano Ronaldo proved he is above the law in Italy.
He could have been banned for two years for leaving the stadium early.
But Mr Cristiano Ronaldo demonstrated again last night he is SIMPLY THE BEST with his hat trick against Lithuania., in which Portugal butchered Lithuania by 6 0.
Cristiano Ronaldo walked out in triumph and at the same time showed what Mr Sarri is:

No one.
And a foul after the ridiculous explanations Mr Sarri gave to retract himself, I’am sure on orders.
I am sure Mr Sarri will be replaced rather sooner than later.
And he will join the No One’s Club.
Mr Cristiano Ronaldo will be remembered for ever.
I am Portuguese, and a proud one.
But i am absolutely sure i can speak for all of us.
Mr Sarri has to go, come what may.
Nothing short of that!

Francisco (Abouaf) de Curiel Marques Pereira


(Forbes) 10 Best Country Hotels in Portugal

(Forbes)

plants
In the dining room at Areias do SeixoAREIAS DO SEIXO

Lisbon and Porto have obvious charms. But now, as Portugal is having its moment in the spotlight, need to go beyond the cities. The country is dotted with rustic farmhouses-turned-very comfortable retreats. These are places to slow way down, appreciate rugged nature and rigorously simple design, and feel at home. (And thank you to Lounge Luxury Travel for bringing me into the wonderland.)

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A bedroom at Areias do SeixoAREIAS DO SEIXO

Areias do Seixo

This romantic farmhouse retreat about an hour north of Lisbon welcomes guests into a “magical familiar setting.” Vintage bicycles serve as lobby art. The dining room is all mismatched chairs, plants above the service area and wildflowers on the tables. Much of the food is plucked or snipped from the permaculture gardens and greenhouse right outside. The owners wanted to create a sustainable retreat of “originality, sublime comfort and an inerrable sense of style that seamlessly blends in with the land, the sea and the shore” (a ten-minute walk away). Each of the 14 rooms has a confidently out-there design—and many have deep soaking tubs with wood-burning fireplaces in front of them.

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Craveiral FarmhouseMARTIN KAUFMANN

Today In: Lifestyle

Craveiral

Simplicity, nature, silence and wide-open spaces. These are the new luxuries. At Craveiral they combine to create feelings of connection—to nature, to loved ones, to new  friends—and belonging. Close to the beach at Zambujeira do Mar, Craveiral is not lavish. The owner largely left the rugged landscape as it was, building paths and orienting rooms around gnarled trees instead of taking them down. The 38 rooms are simple—unvarnished woods, soft textures and lots of cork—though some also have quietly luxurious Hästens mattresses. Bonus points for the partnership with one of Lisbon’s top pizzerias, which supports local nonprofits.

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A terrace at Herdade Ribeira de BorbaHERDADE RIBEIRA BORBA

Herdade Ribeira de Borba

At the eastern edge of the Alta Alentejo near Vila Viçosa, this sweet and simple estate lies along an ancient millenary route used by the Romans—vestiges of a bridge from that era remain. Now it’s a place of quiet, solitude and communion with nature. The estate is based on permaculture principles, with vegetable beds and orchards merging with a unique forest, all crisscrossed with walking trails. Accommodations range from compact but comfortable bedrooms to full houses to glamping domes in the countryside.

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DáLicença by nightFRANCISCO NOGUEIRA

Da Licença

For a high-design hotel, Da Licença feels tremendously hospitable. The owners traded Paris’s art, fashion and design worlds for a simpler life as gentlemen hoteliers. But they didn’t give up their eye for aesthetics. The eight-bedroom hotel is built atop the remains of buildings that have stood here since the 1840s, at the highest point on roughly 300 gorgeous acres near Estremoz. The property has some 13,000 olive trees and lovely views in every direction. There is a sense of magnificence and calm.

pool
The pool at Companhia das CulturasVASCO CÉLIO / STILLS

Companhia das Culturas

At this rustic retreat in the eastern Algarve, the ultimate luxury is…nothing. No noise, no distractions, nothing in the way. Calm. Simplicity. Tranquility. Life at its most elemental. Luxury here is also history. The farmhouse has been in the owners’ family for five generations. There are public lounge and a private apartment in rooms that were once used as olive presses. The co-owner who is the creative mind behind everything has lived in France, England, Senegal and Brazil; is an anthropologist by training; and curates objects and aesthetics from various cultures in her hotel. Her eco-tourism work was born out of a desire not to let history slip away.

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At bedroom at Luz HousesSENSORIAL

Luz Houses

This boutique hotel just outside the pilgrimage city of Fátima aims to be a “soul experience.” It consists of a “village” of houses that reinterpret the traditional architecture of the region in the 19th and 20th centuries. Everything is rough-hewn, with walls made of irregular stones that were collected in the region and attached with a mortar made of red sand. The spa occupies a natural cave whose high energy amplifies the effects of aromatherapy and herbal medicine using local flora. The onsite grocery store is curated with the country’s best heritage products.

bedroom
A bedroom at Casa ModestaJOÃO MASCARENHAS

Casa Modesta

Rural yet refined, the 1940s farmhouse, parts of which are still occupied by the family, is now a Wallpaper-worthy hotel just outside the bohemian Algarve town of Olhão. It has nine guest rooms with private patios that have views over the Ria Formosa Natural Park and two common rooms. One of those is among the coziest places in Portugal, with a wood-burning oven that’s used to warm the space and bake each day’s bread.

room
A central space at Pensão AgricolaPENSÃO AGRICOLA

Pensão Agrícola

In the southeastern corner of the Algarve, Pensão Agrícola is a luxe take on a blessedly simple guesthouse on a farm, surrounded by orange, almond and arbutus trees. The small farmhouse was built in 1920 and was a working farm until 1970. Stylish architectural firm Atelier Rua turned it into a charming accommodation that’s well suited to 2019.

wine
Evening at Herdade da MartinhaHERDADE DA MARTINHA

Herdade da Matinha

I stumbled across this charmer during a slackpacking trip along the Rota Vicentina organized by We Love Small Hotels. The decoration is eclectic, a reflection of the owner’s world travels. There are currently ten horses of Puro Sangue Lusitano, Cruzado Portugês and Halflinger breeds on the property, and they are treated like family. Guests can tap into that for trail rides or mindful grooming exercises. If horses aren’t your thing, many walking trails are nearby. The kitchen is so much the heart of the operation that guests can help the chefs prepare dinner.

scene
Quinta de LemosQUINTA DE LEMOS

Quinta de Lemos

Like many of my favorite places, Quinta de Lemos began with an improbable dream. It shouldn’t have worked, but it became a love letter. The winery, fine-dining restaurant and small hotel sprung from the imagination of Celso de Lemos. When he bought the land in the Vale do Dão, he already had decades of hard work and success under his belt. His companies, Abyss and Habidecor, are known worldwide for top-quality, impossibly plush towels and rugs, and his eponymous bed linens have a glamorous purity and seductive texture to them. Those linens are on the beds of this micro-hotel, and I would happily return just to sleep between them.

(DN) Mais de 45 mil judeus pediram nacionalidade portuguesa

(DN) Milhares de descendentes de judeus expulsos de Portugal pela Inquisição nos séculos XV e XVI estão a resgatar séculos de história e a recuperar a perdida nacionalidade portuguesa roubada aos seus antepassados.

1 / 3MOSTRAR LEGENDA

Éuma espécie de ciclo da história a fechar-se e um ajuste de contas com raízes profundas que sobreviveram. 45 209 descendentes de judeus sefarditas expulsos pela Inquisição há cinco séculos pediram a nacionalidade portuguesa, desde que, a 1 de março de 2015, entrou em vigor a lei que lhes dá esse direito de retorno.

(JN) Portugal paga mais para emitir dívida a 10 anos

(JN) O IGCP colocou 970 milhões de euros em obrigações a 10 anos e desta vez os juros não foram os mais baixos de sempre. A taxa agravou-se ligeiramente e a procura foi reduzida.

Portugal paga mais para emitir dívida a 10 anos   

Portugal colocou hoje 970 milhões de euros em obrigações do Tesouro a 10 anos (maturidade em 15 de junho de 2019), suportando um custo de 0,333%, que está acima da taxa de juro de 0,264% da emissão anterior.

Este agravamento ligeiro está em linha com o comportamento dos juros de Portugal no mercado secundário, que têm aliviado de mínimos nas últimas semanas.

O IGCP, agência que gere a dívida pública portuguesa, pretendia emitir entre 750 milhões e mil milhões de euros, tendo colocado um montante que ficou muito próximo do limite máximo. A procura foi fraca (1,58 mil milhões de euros), superando apenas em 1,63 vezes a oferta. Um rácio inferior ao registado na última emissão de setembro (2,11 vezes).

Os juros mais elevados e a procura mais reduzida refletem um menor apetite dos investidores por dívida soberana europeia, numa altura em que é maior a procura por ativos de maior risco. Nas últimas semanas os juros da dívida portuguesa (e de outros soberanos da Europa) têm subido face aos mínimos registados em agosto.

No mercado secundário a taxa de juro dos títulos a 10 anos está esta quarta-feira em 0,342%, o que compara com o mínimo abaixo de 0,1% fixado há três meses.

Os custos de financiamento de Portugal nas emissões a 10 anos fixaram mínimos históricos em todos os leilões realizados este ano. Apesar do agravamento ligeiro da emissão de hoje, a taxa de 0,333% é a segunda mais baixa de sempre e representa menos de um terço do custo de financiamento que Portugal suportou na emissão realizada em maio (1,059%).

“Esta subida acaba por refletir um movimento que assistimos em toda a dívida soberana europeia, a título de exemplo os 10 anos alemães vieram dos -0.564% para os -0.288%. As políticas acomodatícias dos bancos centrais, bem como o abrandamento económico mundial, continuam a suportar as taxas de juro em mínimos históricos”, refere de Filipe Silva, do Banco Carregosa, estimando que a “tendência que não deve mudar muito nos próximos meses”.

“No início do ano para o mesmo prazo estávamos a pagar 1,568% e agora pagamos 0,333%. É esta poupança que tem permitido ter margem de manobra para reembolsar antecipadamente alguns dos empréstimos concedidos pelo Fundo Europeu de Estabilização Financeira”, acrescenta Filipe Silva.

No que diz respeito à procura, apesar de ter sido reduzida, não foi a mais baixa do ano. Em julho atingiu apenas 1,188 milhões de euros, o que ficou 1,58 vezes acima da oferta.  

Com a emissão de 970 milhões de euros, o IGCP eleva para cerca de 13,5 mil milhões de euros o montante colocado no mercado em dívida de longo prazo, o que se situa abaixo dos 15,4 mil milhões de euros em obrigações do Tesouro para 2019. 

(NYT) Portugal Hopes European Tech Investment Will Drive Up Exports

(NYT) LISBON — European investment in Portugal’s digital sector can help address a shortfall in equity funding for start-ups and support an export-driving technology industry, Portugal’s economy minister said on Wednesday.

A 30 million euro fund backed by the European Investment Fund, the Portuguese government and venture capital investors was announced on Tuesday at the Web Summit – Europe’s largest tech conference, held in Lisbon since 2016.

The fund will invest in Iberian startups focused on artificial intelligence, machine learning and big data.

“Access to finance is an issue here in Portugal and in Europe, putting us below par to our American competitors,” Economy Minister Pedro Siza Vieira told a press conference on Tuesday.

“Working together with European authorities allows us to leverage the very small availability of public money in this country,” he added.

Virtually non-existent 10 years ago, Portugal’s start-up sector attracted 485 million euros ($537 million) in foreign investment and contributed to 1.1% of GDP last year.

Revenue generated from exports by the sector in 2018 nearly doubled from 2016 levels, reaching 1.1 billion euros, or 1.9% of Portugal’s total export revenue that has been growing year-on-year since the financial and debt crisis of the early 2010s.

Siza Vieira told Reuters that improving Portugal’s data processing capacity was crucial to the economy.

A supercomputer installed earlier this year, which multiplied Portugal’s computational capacity ten-fold, was an untapped opportunity for start-ups, he added.

Portugal’s young people are highly educated and often multilingual, but wages remain far below the European average, with the minimum wage at 600 euros month ($664) and average wage at 943 euros ($1,045), government data shows.

A qualified labor force, tax incentives, and a stable political environment are Portugal’s competitive advantages, according to Siza Vieira. The Socialist government, now in its second term, has presided over a period of solid economic growth and budget deficit cuts.

“We expect to see a sizeable increase in companies from abroad investing in service centers and software development in Portugal and exporting from here,” he said.

Siza Vieira expects the majority of investment to come from European companies, stating that most of the firms announcing expansion in Portugal at the Lisbon event are European.

(JE) Presidente da APA: “Montijo não vai ter ligação ferroviária direta”

(JE) A ANA admitiu surpresa com os 48 milhões de euros exigidos pela APA para as medidas mitigadoras, mas Nuno Lacasta aguarda “serenamente”.

Cerca de uma semana após ter anunciado uma decisão favorável condicionada ao projeto do aeroporto complementar do Montijo, Nuno Lacasta, presidente da APA – Agência Portuguesa do Ambiente, em entrevista exclusiva ao Jornal Económico em que exigiu falar apenas sobre este tema, avança novos detalhes sobre a infraestrutura. Não haverá ligação ferroviária direta ao futuro aeroporto, apenas um shuttle rodoviário para a estação do Pinhal Novo, com chegada a Lisboa pela ponte 25 de abril. As acessibilidades não estão incluídas nos 48 milhões de euros que a APA contabilizou como despesa suplementar a cargo da concessionária ANA/Vinci, presumindo-se que estes custos deverão ser suportados pelo Estado. Foi também sugerido o estudo de construção de um pipeline para abastecimento de combustível, cujos custos se desconhecem, assim como quem terá de os suportar. Os riscos de segurança ainda terão de ser avaliados pela ANAC – Autoridade Nacional Nacional da Aviação Civil, que terá a palavra final, após a ANA, que se mostrou “surpreendida” com a decisão provisória da APA, se pronunciar sobre a matéria.

Que tipo de mecanismo financeiro prevê a APA para a gestão da área afetada pelo futuro aeroporto do Montijo?
Esse é um mecanismo para a conservação da natureza. Será uma sociedade-veículo, de capitais exclusivamente públicos, para a gestão da área afetada, que será gerida pelo ICNF – Instituto da Conservação da Natureza e das Florestas. Será criado com um montante inicial de 7,2 milhões de euros, a pagar pelo proponente [ANA/Vinci], a que acrescerá uma contribuição anual na casa dos 200 mil euros, indexada ao número de movimentos no aeroporto por cada ano, por um período de 50 anos, que é a duração do contrato do Estado com a ANA/Vinci.

No âmbito da proposta de declaração de impacte ambiental (DIA) sobre o aeroporto do Montijo prevê-se a afetação direta e indireta de 2.500 hectares para uma zona de proteção da avifauna do estuário. Esses terrenos são do Estado?
O que procurámos fazer, em articulação com o ICNF, foi identificar a área afetada, direta ou indiretamente, pelo aeroporto. Em primeiro lugar, ver se haveria para lá da área do próprio aeroporto terrenos com potencial geomórfico e biofísico para as aves lá nidificarem. E encontrámos essa área de compensação física com uma extensão de 1.600 hectares, incluindo o Mouchão da Póvoa. Alguns terrenos pertencem ao Estado. Em relação aos outros, terá de se proceder a arrendamentos, a compras ou mesmo a expropriações.

(JN) Já há mais graduados do que praças nas Forças Armadas

(JN)

Já há mais graduados do que praças nas Forças Armadas
Foto: Maria João Gala/Global Imagens

RELACIONADAS

MAIS VISTAS EM NACIONAL

Ana Correia CostaHoje às 07:38

A situação é tão crítica que as associações de militares afirmam que deixou de fazer sentido falar em pirâmide hierárquica, pois a base já é inferior ao conjunto de sargentos e oficiais.

Há cada vez menos praças nas Forças Armadas. Segundo o Ministério da Defesa (que só forneceu dados dos últimos dois anos), em 2018 havia apenas 11 369 praças para 8738 sargentos e 6905 oficiais (num total de 15 643). E na Força Aérea até já existem mais militares nas classes de sargentos (2620) e de oficiais (1944) do que na de praças (1390), o que desvirtua a estrutura militar, cuja organização é vincadamente hierarquizada.

Ao JN, os representantes dos militares falam numa situação limite e traçam cenários negros para as Forças Armadas, caso não sejam adotadas medidas para reforçar o recrutamento e conter as saídas. Como o aumento de salários – um soldado aufere o ordenado mínimo – e a criação de um quadro permanente de praças na Força Aérea e no Exército, o ramo que mais efetivos tem perdido.

(JP) PORTUGUESE TOWN TO GET COUNTRY’S FIRST ERUV IN 500 YEARS

(JP) The eruv is due to be completed on Monday and will be fit for use this coming Shabbat.

Portuguese town to get country’s first eruv in 500 years

Rabbi Avraham and members of the Belmonte Jewish community outside the town synagogue. (photo credit: RABBI AVRAHAM FRANCO)

For the first time in more than half a millennium, an eruv, or Shabbat boundary, has been constructed in Portugal for the small Jewish community that still lives in the historic town of Belmonte.

Although there are now around just 50 Jews remaining in the town as many others have made aliyah to Israel, Belmonte boasts a beautiful synagogue, a mikveh ritual bath and now a boundary demarcation used by practicing Jews to allow them to carry objects within public spaces on Shabbat.Read More Related Articles

Recommended byThe expulsion of Jews from Portugal in 1497, subsequent massacres of the Jews there and the Portuguese inquisition which began in 1536 brought Jewish life in the country to a catastrophic end, with tens of thousands of Jews fleeing the country.

But some Jews, despite being forcibly converted to Christianity, preserved their Jewish practices and traditions in secret throughout the intervening centuries.

From the end of the 15th century up until the beginning of the 21st century, hundreds of such conversos continued to live in Belmonte, marrying only within their own community of crypto-Jews.

Many had originally fled the earlier Spanish inquisition and expulsion of Jews in 1492 and took up residence in Belmonte in eastern Portugal close to the border with Spain.

During the course of the 1990s, the Chief Rabbinate of Israel oversaw the pro forma conversion of the remaining conversos, granting them recognition as full-fledged Jews.

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Rabbi Avraham Franco, who began work as the rabbi of the Belmonte Jewish community in January, worked to gain approval for the eruv from the municipal authority and the town’s mayor, who decided to fund the boundary entirely out of the municipal coffers.

“We have succeeded in adding an important Jewish component to the life of the Jewish community of Belmonte,” said Franco, an emissary of the Ohr Torah Stone network. “For the Jews who live here, this is the closing of a full circle. For hundreds of years they had practiced their Judaism in secret, and now they have merited to deepen their connection with their Jewish heritage and the Torah.”

Franco told The Jerusalem Post that the Jews of Belmonte keep kosher and observe the laws of Shabbat, and that therefore an eruv was an important addition for the community, regardless of the fact that there are so few Jews left there.

“Jewish life does exist here – there is even a Jewish museum, but the fact that the synagogue is so far away makes it hard for worshipers to get to the synagogue for Shabbat prayers,” Franco explained. “Moreover, they are unable to bring kids in strollers, since one cannot carry anything on the Shabbat in a public place if there is no eruv.”

The rabbi also said that the town’s historical connection to Jewish conversos and the expulsions and inquisitions on the Iberian Peninsula has made it a draw for Jewish tourists, and that the eruv will help them, as well.

“When I arrived in the community, I asked myself what was missing, and which additional tools I could give the Jewish community in order to make it more active and vibrant,” added Franco, who received his rabbinical ordination from Ohr Torah Stone’s Torat Yosef Kollel and also studied in the network’s Straus-Amiel program, which trains emissaries for community work in the Diaspora.

Rabbi Boaz Pash, head of the Torat Yosef Kollel, traveled to Belmonte to confirm that the eruv, which encircles the entire town, meets the precise requirements of Jewish law for such boundaries.

“An eruv unites a community in so many different ways,” said Rabbi Dr. Kenneth Brander, president and rosh yeshiva of Ohr Torah Stone. “The resourcefulness and initiative shown by Rabbi Franco in erecting an eruv in Belmonte is a living example of the work done by Ohr Torah Stone’s emissaries around the world. Our rabbis and emissaries continue to serve a crucial factor in the development of Jewish life in Diaspora communities by connecting them to Judaism, Jewish tradition and the Torah.”

(UStoday) 10 reasons why travelers are flocking to Portugal

(UStoday) It has all of the elements to make you fall in love

Lisbon is called Europe's sunniest city and it's also one of the most striking

Lisbon is called Europe’s sunniest city and it’s also one of the most striking — Photo courtesy of Turismo de Lisboa

There’s something about Portugal that gets under your skin in a marvelous way. Until recent years, what the world knew most about this small country bordering Spain and the Atlantic Ocean was its soccer hero, Cristiano Rinaldo, one of the best players of all time. While he might still be the face of the country, the world is catching on to its other secrets and can’t get enough.

About the size of Maine, Portugal has excellent food and wine, captivating culture, intriguing art and architecture, fascinating history, welcoming people and affordability. Combined, these are the reasons why it’s the perfect recipe for not just one visit, but many returns.

One word: Lisbon

The narrow streets of Lisbon come alive at night with food, music and fun

The narrow streets of Lisbon come alive at night with food, music and fun — Photo courtesy of Turismo de Lisboa

Known as the city of seven Hills, the capital of Portugal is a picturesque place bathed in sunlight. Fado music echos down cobblestone streets where bars serve Ginjinha shots – a sweet cherry liqueur – and the nightlife is exciting.

Lisbon also boasts beaches, a thriving art scene and world-class restaurants. It’s safe and it has soul. By many accounts, it’s stealing Barcelona’s unofficial designation as Europe’s most alluring capital.

Fado

Ana Sofia Varela sings Fado, soulful folk music that is a cornerstone of Portuguese culture

Ana Sofia Varela sings Fado, soulful folk music that is a cornerstone of Portuguese culture — Photo courtesy of José Frade EGEAC

Fado is the traditional music of Portugal. It’s moving, even haunting, and experiencing it live in a Fado bar is an essential experience. A kind of reverence falls over the room when the soloist belts out heartfelt lyrics accompanied by guitarists, including a pear-shaped, 12-string Portuguese guitar. It’s simple and beautiful.10BESTStay in the heart of wild Patagonia at this hidden luxury lodge

Breathtaking beaches

The beaches in Lagos look like a movie set and are especially fun to explore by boat or kayak

The beaches in Lagos look like a movie set and are especially fun to explore by boat or kayak — Photo courtesy of Gina Birch

A significant part of Portugal’s real estate is waterfront. The Atlantic coastline is full of alluring, accessible beaches with unique personalities, whether for sunning or surfing. The most stunning are found in the Algarve. Shaped by the wind and surf for centuries, there are dramatic honeycombed cliffs, caves and grottoes. It’s a photographer’s dream.

World-class wine

Vines at Cartuxa where wine tourism is getting more sophisticated

Vines at Cartuxa where wine tourism is getting more sophisticated — Photo courtesy of Gina Birch

The northern city of Porto is the birthplace of port, the world-famous sweet wine traditionally served after dinner. And the Douro Valley is one of the most picturesque wine regions in the world, with terraced hills resembling an amphitheater along the eponymous river.

In the Alentejo region, more vines are planted than in Napa Valley. Here, wine is still aged in clay pots (amphoras) and vino tourism is blossoming. With 11 wine regions and more than 250 grape varieties to discover, the quality is outstanding, especially considering the generally low costs.

Cuisine

Fresh, grilled sardines rule the culinary scene during the summer season

Fresh, grilled sardines rule the culinary scene during the summer season — Photo courtesy of Gina Birch

Portugal is a foodie’s paradise and, until recently, it has been a well-kept secret. The Portuguese are among the top consumers of seafood in Europe and cod is king.

Their black pork is legendary and, when cured, it melts in your mouth. Pastel de nata, a custard tart, is considered a national treasure. Regional cuisine rules, but the culinary map is being lit up by an increasing number of creative and innovative chefs.10BESTThis restaurant’s cocktails are portals to the rest of the world

Picturesque countryside road trips

Rolling fields of sunflowers in Baixa, the vast Alentejo region of Portugal

Rolling fields of sunflowers in Baixa, the vast Alentejo region of Portugal — Photo courtesy of GIna BIrch

Some of Portugal’s best discoveries are found in the countryside. The roads are well-maintained and driving is quite easy, especially with navigation.

Meander through forests of cork trees, vineyards and sunflower fields. Stop at hilltop cities such as Monsaraz, historic towns like Evora and Coimbra, or the lighthouses in Sagres, thought to be the end of the earth by Portuguese explorers.

Stunning architecture

Pena Palace in Sintra is said to be one of the best examples of 19th century romanticism in the world

Pena Palace in Sintra is said to be one of the best examples of 19th century romanticism in the world — Photo courtesy of Gina BIrch

Most noted for its striking facades made from glazed blue and white tiles (azulejos), Portugal’s architecture can be dramatic and wide-ranging: Moorish, Romanesque, Gothic, Baroque and Manueline, to name a few.

You’ll find everything from ornate wood carvings in churches and castles to impressive ironwork on Porto’s Maria Pia Bridge, built by Gustave Eiffel – yes, as in the Eiffel Tower.

Fascinating history

The curious "initiation well" at Quinta da Regaleira, a UNESCO World Heritage site in Sintra

The curious “initiation well” at Quinta da Regaleira, a UNESCO World Heritage site in Sintra — Photo courtesy of Gina Birch

One of the oldest countries in Europe, Portugal is a treasure trove for history buffs. Home to navigators and explorers who changed the world map, inhabited by Celts, Phoenicians, Greeks, Romans, Muslims, Knights Templar and more, they all left their mark.

Discover archaeological sites, monoliths, ornate palaces, churches and mosques and the Roman Temple of Diana. Portugal boasts 17 UNESCO World Heritage sites.

Unparalleled hospitality

English is widely spoken, making it easy to navigate in and around Portugal

English is widely spoken, making it easy to navigate in and around Portugal — Photo courtesy of Altis Hotels

The Portuguese people are some of the most gracious you’ll find. Instead of being inconvenienced by increased numbers of tourists, most go out of their way offering directions, information and advice. It also helps that English is widely spoken. They’re proud of their culture and country, and they want visitors to leave with a bit of it.

Superb value

Portugal's currency is the euro and it goes far; the country is affordable in comparison to its European neighbors

Portugal’s currency is the euro and it goes far; the country is affordable in comparison to its European neighbors — Photo courtesy of Gina Birch

While more people worldwide are catching on to the ease of travel and diverse offerings in Portugal, visiting here is still affordable. Direct flights from major U.S. cities have multiplied dramatically with prices often coming in under $600. Clean, comfortable and charming accommodations are easy to find, and you can feast on a regional meal, including beer or wine for under $20.

(BBG) Rich Brazilians Moving to Portugal Pull Local Bankers With Them

(BBG)

  •  Itau, Bradesco are among banks that might open offices there
  •  XP, BTG have already announced they’ll also have a presence
Portugal is attracting foreigners with tax incentives and resident permits for non-Europeans who purchase real estate worth more than 500,000 euros.
Portugal is attracting foreigners with tax incentives and resident permits for non-Europeans who purchase real estate worth more than 500,000 euros. Photographer: Patricia De Melo Moreira/Bloomberg

Banks including Itau Unibanco Holding SA and Banco Bradesco SA are considering opening wealth-management offices in Portugal amid a surge in Brazilians moving to the European nation.

“We’re studying whether to have some bankers there,” said Luiz Severiano Ribeiro, head of global private banking for Itau, the biggest wealth manager in Brazil. “We have clients that moved to Portugal, and we believe our edge is to be close to our clients.”You’ve reached your free article limit.Get unlimited access for $1.99/mo.View Offers

(DN) Resultado histórico. Governo obtém excedente orçamental de 0,1% já este ano

(DN)

Notícia de excedente orçamental já em 2019 antecipa em um ano o plano de António Costa e Mário Centeno© Álvaro Isidoro / Global Imagens

Aeconomia portuguesa está e vai continuar a perder força, mas tal não impedirá o governo de alcançar um resultado orçamental histórico já este ano – um excedente de 0,1% – antecipando assim em um ano o plano do governo PS e do ministro das Finanças, Mário Centeno.

Quem o diz é o Conselho das Finanças Públicas (CFP). Segundo a instituição presidida por Nazaré Costa Cabral, devido a uma ampla revisão estatística conduzida pelo INE este ano que, entre outros efeitos, pôs a economia a crescer mais do que se pensava, Portugal está em vias de obter o primeiro excedente orçamental anual da sua História democrática: em 2019, o saldo positivo das contas públicas deverá ser equivalente aos referidos 0,1% do produto interno bruto (PIB).

De acordo com o novo estudo “Finanças Públicas: Situação e Condicionantes 2019-2023”, divulgado esta quinta-feira, “o atual cenário orçamental de médio prazo aponta para que já este ano se atinja um excedente orçamental de 0,1% do PIB, o que, a confirmar-se, antecipa em um ano a previsão do Ministério das Finanças para a eliminação do desequilíbrio orçamental”.

Este ano, Centeno tem mantido uma meta de défice de 0,2%, embora recentemente tenha referido que esse défice pode ser um pouco inferior. Excedente (saldo positivo de 0,3%) só no ano que vem, dizia o Programa de Estabilidade do governo, entregue em abril.

Segundo o CFP não é bem assim. O setor público passa a gastar menos do que recebe já em 2019 e daqui em diante mantém esse perfil. Esta viragem súbita em 2019 tem sobretudo a ver com as revisões estatísticas operadas recentemente pelo INE e não é tanto mérito do governo.

A presidente do Conselho das Finanças Públicas, Nazaré Costa Cabral© Manuel Almeida / Lusa

Segundo a entidade que segue as contas públicas, “a estimativa efetuada pelo CFP em março, antes da alteração da base das Contas Nacionais [que aconteceu em setembro], apontava para um défice orçamental de 0,3% do PIB”.

Em março, o Conselho previa que a economia crescesse 1,6%, quando afinal ela vai crescer 1,9%, apesar das vicissitudes internacionais que se estão a acumular. Ainda sobre 2019, o CFP repara que “o saldo ajustado de medidas temporárias e não recorrentes será de 0,7% este ano.

Na ausência de novas medidas de política, a projeção de médio prazo do CFP apresenta saldos orçamentais positivos até 2023″. Para o próximo ano, assumindo um cenário de políticas constantes (exatamente iguais às seguidas este ano), o governo consegue reforçar o excedente, obtendo um saldo positivo de 0,3% nas contas públicas.

Se não fosse o Novo Banco…

Mas voltemos a 2019. Segundo o novo estudo, Centeno poderia ter chegado a um excedente histórico ainda maior se não fossem as surpresas do costume: as ajudas aos bancos. Obteve-se um excedente orçamental de 0,1% do PIB, mas este valor foi “penalizado por efeitos temporários e não recorrentes (one-off) ainda significativos, sobretudo os decorrentes da recapitalização do Novo Banco”, aponta o CFP.

“Descontando esses efeitos temporários, atingir-se-ia um excedente de 0,7% do PIB em 2019, depois de uma situação de equilíbrio atingida em 2018. Para o restante horizonte, projeta-se uma tendência de redução deste excedente orçamental ajustado de efeitos temporários e não recorrentes”, lê-se no relatório.

“Relativamente às finanças públicas, num cenário de políticas invariantes, espera-se um excedente orçamental em todo o horizonte de projeção”, isto é, até 2023.

“O rácio da dívida pública deverá manter uma trajetória descendente, sendo os excedentes primários o principal fator de redução do rácio da dívida pública no PIB entre 2019 e 2023. Como a evolução da dívida é determinante para a perceção do risco país, afigura-se prudente aproveitar a conjuntura de baixas taxas de juro de longo prazo e de crescimento económico para colocar o rácio da dívida mais próximo da média da área do euro”.

Para o Conselho, o peso dívida desce para 118,5% do PIB este ano, ao passo que o governo estima 119,3%. No entanto, o governo acredita que é possível chegar a uma dívida inferior a 100% em 2023 (99,6%), algo que o CFP não considera pois prevê excedentes orçamentais anuais inferiores, em média, aos preconizados por Centeno.

Segundo o Conselho das Finanças, Portugal reduz a dívida sim, mas mais devagar e chega a 2023 com o fardo ainda nos 106,5%.

P.O. If Professor Mario Centeno was exceptionnally successfully in Portugal as Finance Minister, why wouldn’ he be equally successfull as Chairman of the Eurogroup?

O.P.

“Habemus Acordo”
“Habemus Deal”

Wrote Professor Centeno in his Twitter account  referring to a deal reached on a budgetary instrument agreement for the euro area to be announced this morning in a press conference at 08:30.

The former Finance Minister of Germany called him the “Cristiano Ronaldo of the Eurogroup”

I have to say, on a personal note, that i always liked Professor Centeno. To start with, just the fact that he his on bad terms with the Governor of the  Bank of Portugal Mr. Costa ( a different person from our Prime Minister) on which I have the lowest of possible opinions, is already a quality.

Professor Centeno proved, and was even recognized by the Federal Reserve of the United States, that even in Countries with a high debt to GDP relation but that are using only part of their installed industrial capacity to raise wages of Public Workers and to raise Pensions can have a positive effect on the economy.


This was against the traditional economic theories, but Professor Centeno implemented it and had an incredible success.


That’s why Mr Wolfgang Schauble, the former Finance Minister of Germany, which was originally against the idea, called Professor Centeno the “Cristiano Ronaldo of the Eurogroup”. Effectively paving the way for Professor Centeno to succeed him as Chairman of the Eurogroup.


If Professor Centeno was extremely successful in Portugal, why would he not be as successful as Chairman of the Eurogroup?


To finish my Personal Opinion i say of Professor Centeno:
“Summa cum Laude”!

Francisco (Abouaf) de Cutiel Marques Pereira

(OBS) Centeno anuncia orçamento de 17 mil milhões para a Zona Euro

(OBS) Mário Centeno confirmou, via Twitter, que já havia acordo sobre instrumento orçamental para a zona euro. Anuncio foi feito esta quinta-feira.

▲Mário Centeno escreveu no Twitter “Habemos acordo!”KIMMO BRANDT/EPA

17 mil milhões de euros. Será este o valor do orçamento para a Zona Euro destinado ao investimento e reformas, anunciou o Eurogrupo esta quinta-feira em conferência de imprensa sobre o Instrumento Orçamental para a Convergência e Competitividade (BICC, na sigla em inglês), de acordo com a agência Reuters.

Mário Centeno, presidente do Eurogrupo, anunciou no Luxemburgo um acordo entre os ministros das Finanças sobre “todos os elementos críticos da governação e financiamento” do novo instrumento orçamental para a convergência e competitividade da zona euro.

O dinheiro vai ser distribuído tendo em conta dois fatores de ponderação: 80% do valor será distribuído tendo em conta a população do país e o PIB per capita. O restante, 20%, será usado de acordo com necessidades específicas dos Estados.

“Temos um novo pilar para apoiar o euro”, sublinhou Mário Centeno durante a conferência de imprensa. Os países têm até à primavera para apresentarem projetos a serem financiados por este instrumento orçamental. Estes projetos terão de ser financiados em 25% por cada Estado.

“Há apenas dois anos, uma capacidade orçamental para a zona euro era um projeto puramente académico. Esta noite, depois de 11 horas de negociações, tornámo-lo realidade, na forma do instrumento orçamental para a zona euro, o chamado BICC (sigla em inglês de ‘budgetary instrument for convergence and competitiveness’). Em dezembro de 2018, lançámos o BICC; ontem à noite, o BICC finalmente aterrou”, declarou Mário Centeno.

Este instrumento deverá estar operacional em 2021, por ocasião da entrada em vigor do próximo quadro financeiro plurianual da União, o presidente do Eurogrupo indicou que os ministros das Finanças “acordaram todos os elementos críticos da governação e financiamento, que tornam o BICC uma ferramenta inovadora, diferente de outros fundos da União Europeia”.

Centeno prosseguiu explicando que uma discussão, a nível da cimeira do euro e do Eurogrupo, sobre prioridades estratégicas dará o pontapé de saída do ciclo para a seleção dos projetos elegíveis para o financiamento deste novo instrumento orçamental.

“Os Estados-membros submeterão propostas de pacotes de reformas e investimentos na primavera de cada ano, juntamente com os seus programas nacionais de reformas, o que é coerente com o semestre europeu (de coordenação de políticas económicas e orçamentais) e com o planeamento dos orçamentos nacionais”, disse.

Ainda antes da conferência, Centeno já tinha anunciado que havia acordo sobre o instrumento orçamental para a zona euro. “Habemus acordo!”, escreveu o presidente do Eurogrupo no Twitter, a menos de uma hora das 00h (hora em Portugal continental) desta quinta-feira.

Mário Centeno@mariofcenteno

Habemus deal on the euro area budgetary instrument! Press conference at 8.30 am

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13623:07 – 9 de out de 2019Informações e privacidade no Twitter Ads46 pessoas estão falando sobre isso

A 14 de junho passado, no Luxemburgo, os ministros das Finanças haviam acordado as principais linhas de um orçamento para a zona euro, deixando, contudo, em aberto questões fundamentais, tais como a sua dimensão e financiamento.

Uma semana mais tarde, numa cimeira do Euro em Bruxelas, os chefes de Estado e de Governo saudaram “os progressos alcançados no Eurogrupo sobre o reforço da União Económica e Monetária”, mas instaram os ministros das Finanças a concluir os trabalhos com alguma celeridade, de modo a ser possível ‘fechar’ um compromisso global em dezembro próximo.

Especificamente sobre o instrumento orçamental, os líderes solicitaram ao Eurogrupo “que informe rapidamente sobre as soluções adequadas para o financiamento”, apontando que “estes elementos devem ser acordados como uma questão prioritária, de modo a que se possa definir a dimensão do instrumento orçamental no contexto do próximo quadro financeiro plurianual” (2021-2027).

Governo considera “favorável para Portugal” chave de afetação do orçamento para zona euro

O Governo considera que a chave de afetação acordada pelo Eurogrupo relativamente aos fundos a serem concedidos é “favorável para Portugal”.

“No que diz respeito à questão da afetação dos fundos dentro do instrumento orçamental, a chave de afetação dependerá da população, mas também daquilo que é o PIB per capita, e isso é algo que gostava de assinalar e que é particularmente bom e favorável para Portugal”, declarou o secretário de Estado das Finanças, no Luxemburgo.

Mourinho Félix considerou ainda que este novo orçamento para a zona euro “é um instrumento que é importante para Portugal, mas também para todos os países da área do euro”.

“Pretende promover, por um lado, a convergência entre os países, e nesse sentido apoiar as reformas estruturais e investimentos que permitam aumentar aquilo que são os níveis de rendimento dos países, investindo na investigação, no desenvolvimento, na educação, nas infraestruturas. Mas, por outro, [pretende] dar condições para que cada um dos países da área do euro e a área do euro com um todo seja cada vez mais competitiva à escala global e possa por essa via internacionalizar-se”, observou.

O governante acrescentou que “Portugal tem feito esse caminho de internacionalização, com um aumento muito significativo daquilo que é o peso das exportações na economia portuguesa, e é esse o caminho que é importante que Portugal continue a trilhar”.

Eurogrupo com avaliação muito positiva da situação pós-programa de assistência em Portugal

Os ministros das Finanças da zona euro concordaram também que o relatório da décima missão de acompanhamento pós-programa a Portugal é “bastante positivo”, tendo o Governo dado conta ao Eurogrupo de desenvolvimentos mais recentes que considera cimentarem essa ideia.

Mourinho Félix – que representa Portugal nas reuniões do Eurogrupo, presididas pelo ministro Mário Centeno – indicou que “a avaliação que é feita pelas autoridades é bastante positiva sobre o caminho que Portugal fez, quer ao nível do crescimento económico, da criação de emprego, da estabilização do sistema financeiro, e em particular da redução acentuada do crédito malparado, mas também ao nível da consolidação orçamental”.

“É claramente um relatório pós programa muito positivo”, concordou o comissário europeu dos Assuntos Económicos, Pierre Moscovici, naquela que foi a sua última conferência de imprensa após um Eurogrupo, dado a próxima reunião ter lugar em novembro, já com a nova Comissão Europeia liderada por Ursula von der Leyen em funções.

Mourinho Félix adiantou que, além da discussão sobre as conclusões da décima missão de acompanhamento pós-programa, que decorreu entre 14 e 19 de junho passado, em Lisboa, informou o Eurogrupo “sobre os desenvolvimentos recentes, já depois da avaliação, nomeadamente ao nível da revisão das contas nacionais, e que vieram revelar um crescimento mais forte do que aquele que era estimado anteriormente”, o que faz de Portugal o segundo país com maior crescimento no seio da zona euro, a seguir à Irlanda, “e dois anos, e possivelmente um terceiro ano este também, de convergência com a zona euro”.

O secretário de Estado acrescentou que “também foi assinalado” o pagamento antecipado que Portugal fará na próxima semana, de dois mil milhões de euros, ao Fundo Europeu de Estabilização Financeira – dos empréstimos concedidos no quadro do programa de ajuda externa (2011-2014) -, que considerou “mais um contributo para uma redução da despesa em juros” e melhoria das necessidades de financiamento.

(Atlantic) Where Progressives Are Winning

(Atlantic) Portugal’s socialist alliance soundly defeated its challengers on the right, offering rare good news for the left in Europe.

Portugal's incumbent Prime Minister António Costa greets supporters in Lisbon.
Portugal’s incumbent Prime Minister António Costa greets supporters in Lisbon.Rafael Marchante / Reuters

LISBON—Across Europe, progressives have despaired the rise of the far right, over austerity policies crippling the welfare state, and of growing anti-immigrant sentiment as the region has grappled with an array of crises in recent years. Everywhere, except here.

In Portugal, a left-wing government came to power four years ago as the country was still dealing with the effects of the European debt crisis and deep spending cuts negotiated with the so-called troika—the European Commission, the European Central Bank, and the International Monetary Fund. The minority administration in Lisbon formed by Socialist Party Prime Minister António Costa was considered so unlikely to succeed that it got its own hard-to-translate, and derogatory, moniker: geringonça, which in Portuguese means an odd contraption that is very likely to fall apart. Yet the “contraption” persisted and managed to raise the minimum wage, lower unemployment, nearly eliminate the budget deficit, and maintain good relations with Brussels. In sum, it oversaw economic growth while reversing austerity policies.

That performance was rewarded at the polls over the weekend, with Costa’s Socialists winning 37 percent of the vote, up from 32 percent at the last election, in 2015. That leaves it short of a parliamentary majority on its own, but makes possible a return for what was Europe’s most left-wing government, made up of a loose alliance of Costa’s moderates with radical leftists and unreconstructed Communists (the only hard-right party to break through was Enough, which won a single seat). In their success, they have offered some hope for the left-of-center forces across the continent.

“We showed that you can improve public finances and improve living conditions for the public at the same time,” João Galamba, Costa’s secretary of state for energy, told me. “And we showed the Portuguese people that being in the European Union doesn’t only have to mean cuts.”

Politicians and political scientists here offer a set of overlapping explanations as to why the small Iberian country seems to be Europe’s least fertile ground for right-wing extremism. For one, the country has bad memories of a right-wing dictatorship that only fell in the 1974 Carnation Revolution. But there are contemporary reasons, too: Portugal’s left-wing parties have been able to maintain close ties to the country’s organized working class, a voting bloc that elsewhere in Europe has, at least in part, voted with the far right. “In this sense, the Communist Party acts as kind of a shield” against a far-right insurgence, said Pedro Magalhães, a political scientist at the University of Lisbon.

And Portugal has received a smaller influx of foreigners than have neighboring countries in recent years, meaning the right could not use immigration as a campaign issue. Indeed, Portugal is actively seeking more immigrants, Galamba told me, as an antidote to a demographic deficit caused by emigration and an aging population. Costa’s predecessor as prime minister, Pedro Passos Coelho, actually told young Portuguese people to consider leaving to look for work elsewhere, sapping confidence in the country.

Read: Democracy is under attack. Will Europe fight back?

“Things are not as bad as they used to be, so I decided to give the Socialists four more years,” Gabriela Cesar, a 58-year-old domestic worker, said after she cast her ballot yesterday in downtown Lisbon. She told me she previously had voted center right, and didn’t agree with the Communists or the Left Bloc on much. “But this contraption has gotten a few things done. So let’s see if they can get this country out of the ditch.”

If Portugal had the same discourse around race that the United States does, Costa would be celebrated as the country’s first prime minister of color—his father’s family is from Goa, the former Portuguese colony in western India. But his skin color was barely an issue in his two election victories, as his supporters instead stressed his practical skills as a negotiator over his identity or grand ideological vision.

Those negotiations with the left were indeed a fundamental part of Portugal’s recovery: Costa did not form a formal coalition with the Communists and Left Bloc, but they agreed to support his minority government on key votes, such as budgets, in exchange for specific agreements on wages, pensions, and small moves to reenergize the welfare state. But the Portuguese leader also benefited from favorable economic conditions, said Susana Peralta, an economist at the Nova School of Business and Economics in Lisbon. In the years since 2015, the broader European economy has grown at a decent clip, and the European Central Bank’s policy of buying up enormous quantities of government bonds to bolster the regional economic recovery has kept borrowing costs low. At the same time, the economic crisis wiped out some of the country’s poorly performing businesses, making the country more competitive. And, if anything, the inclusion of leftists in the contraption may have actually helped the economy overall, since the coalition’s anti-austerity stance put money back in regular people’s pockets and contributed to a virtuous cycle of spending. “The Socialists already planned to raise incomes,” Peralta told me, “but the left parties made them carry that out more quickly than planned.”

To be sure, Portugal is far from living through an economic boom. The minimum wage is only 700 euros (about $770) a month, youth unemployment is at 20 percent, and the country’s debt is very high, amounting to about 120 percent of gross domestic product. A small country, it also remains vulnerable to any problems that may arise internationally as a result of trade wars or problems in the EU. But Portugal nevertheless made so much progress that in January 2018, the country’s finance minister, Mário Centeno, was made president of the Eurogroup, the collection of euro-zone finance ministers. His elevation moved the Portuguese approach to the center of the European decision-making process—it was more than symbolic that Wolfgang Schӓuble, then Germany’s finance minister and regarded as among the most hawkish such politicians in the region, called him “the Cristiano Ronaldo” of European finance ministers, referencing the star Portuguese soccer player.

Read: Austria’s election shows the far right’s electoral floor is rising

Across the border from Portugal in Spain, Pedro Sánchez, who faces a general election next month, has suggested forming a gobierno a la portuguesa, meaning he wants his Socialist Party to negotiate an informal ruling agreement with the left-wing Podemos group. But his country has failed to replicate Portugal’s success in forming a stable government, and such an arrangement looks unlikely to succeed.

Stability has been in short supply across much of Europe in recent years, making it all the more remarkable that Portugal has managed to achieve some measure of political predictability, fiscal responsibility, and austerity reversal—all at the same time.

“It’s not exactly a miracle, because it can all be explained,” said the political scientist Pedro Magalhães. “But it has certainly seemed miraculous that you could combine these three things.” In a recent paper, titled “Portugal’s Leftist Government: From Sick Man to Poster Boy?,” he argued that the odd center-left political solution could be reproduced in other European countries.

When he took the stage for his victory speech last night, talking to a small but packed room of supporters and journalists, Costa started humbly, saying that voter turnout, at about 55 percent, was too low. But then he turned to the insult hurled at him four years ago, that he was leading a geringonça.

“The Portuguese people liked the contraption,” Costa said, to laughs and cheers. “They really liked it, and they want continuity with the current policies.” He said he would talk to the parties on his left about forming a new government of the same type. Despite some of their more radical ideological commitments, the Left Bloc and the Communists have said they are open to working with him again. The two parties list the raising of the minimum wage, improvements to public transportation, and free textbooks for schoolchildren as successes of their participation in the past government. (The simple provision of materials to every child, regardless of background, goes a long way toward fighting prejudice at its roots, said Pedro Filipe Soares, president of the Left Bloc’s parliamentary group.)

“Revolution means economic transformation, not people in the streets with guns,” Armindo Miranda, a member of the Communist Party’s Central Committee, told me, before stopping himself. “Well, it could mean people in the streets with guns. But it doesn’t have to.”

(OBS) Cartuxos despedem-se de Évora e congregação vai para Espanha. Veja as fotos da despedida

(OBS) Os quatro monges cartuxos que habitavam no mosteiro de Évora, dois octagenários e dois nonagenários, despediram-se da clausura e mudam-se para mosteiro em Barcelona. Monjas ocupam a Cartuxa.

▲O arcebispo de Évora Francisco Senra Coelho indicou que a congregação feminina que vai ocupar o mosteiro foi fundada em 1988

Nesta terça-feira foi finalizada a cerimónia de despedida dos quatro monges cartuxos que habitavam no Convento da Cartuxa Scala Coeli (Escada do Céu), em Évora, e as monjas do Instituto das Servidoras do Senhor e da Virgem de Matará já foram recebidas na clausura situada nas imediações da cidade alentejana.

Os quatro monges da Cartuxa de Évora, dois octogenários e dois nonagenários, vão mudar-se para outro mosteiro, em Barcelona, em Espanha, devido à sua idade e à falta de vocações. As cerimónias de despedida arrancaram no domingo, dia em que se celebrou a solenidade do seu fundador, S. Bruno, e terminaram nesta terça-feira na igreja renascentista do mosteiro com a clausura aberta a todos os fiéis.

Igreja do Mosteiro de Évora durante cerimónia de despedida

O arcebispo de Évora Francisco Senra Coelho indicou que a congregação feminina que vai ocupar o mosteiro foi fundada em 1988 e que a sua casa geral permanece na Via Della Pisana 332, em Roma, Itália, sendo constituída por “1.350 [monjas], espalhadas pelo mundo, com vocação missionária”.

As monjas que chegaram à Cartuxa de Évora são ligadas à Família Religiosa do Verbo Encarnado

Segundo o arcebispo, será necessário realizar obras no edifício religioso, nomeadamente “rever as celas e cuidar de alguns pormenores”, pois “a Cartuxa é marcadamente masculina e, agora, vai passar a ser para senhoras”. Está prevista a criação de uma hospedaria para pessoas “passarem dias com elas, rezarem, fazerem silêncio, fazerem a experiência da peregrinação interior, tentar descobrir a beleza do amor de Deus, de fazerem, assim, também, vida monástica por alguns dias”, adiantou.

O Mosteiro de Santa Maria Scala Coeli, conhecido localmente como Convento da Cartuxa, “lugar icónico” da cidade de Évora, era até agora o único mosteiro contemplativo masculino de Portugal.

(ECO) Centeno vê Portugal a chegar a rating de A “num prazo muito curto”

(ECO) O ministro das Finanças acredita que Portugal voltará a subir de rating em breve e vê já o país a chegar à classificação de A “num prazo muito curto”.

Oministro das Finanças considerou, esta sexta-feira, que a trajetória de recuperação e estabilização financeira não será interrompida e que rating de Portugal pode em breve passar para níveis mais elevados. “Se mantivermos a trajetória de avaliações positivas consecutivas nos próximos tempos, diria que num prazo muito curto Portugal poderia atingir, não só nesta, mas em outras agências de ‘rating’, essa classificação A”, uma das classificações mais altas, afirmou Mário Centeno, em declarações à Lusa.DBRS sobe rating de Portugal na véspera das legislativas Ler Mais

A agência de rating DBRS anunciou, esta sexta-feira, a decisão de melhorar a notação financeira de Portugal, de ‘BBB’ para ‘BBB+’ (nível de investimento), o que significa que o país está “a um nível de atingir a classificação A”, disse Centeno.

Para o ministro das Finanças, usando Espanha como referência, é possível “antecipar uma continuação destas melhorias”. Isto porque, acrescentou, apesar de Portugal estar classificado abaixo de Espanha, “tem hoje taxas de juro mais baixas ou muito próximas” das daquele país, “tem a dívida a cair na percentagem do PIB [Produto Interno Bruto], o que Espanha neste momento não tem, saldo orçamental equilibrado e está a crescer mais do que Espanha”.

Segundo Centeno, a trajetória de recuperação e estabilização financeira “não vai ser interrompida”, pelo que “as boas notícias de que Portugal hoje é sujeito muito ativo na Europa vão manter-se”.

Sobre a decisão da DBRS, Centeno considerou que é justificada pela “consolidação das contas públicas, pela redução do endividamento público e privado, pelo crescimento económico robusto e acima da média europeia e uma capacidade de financiamento positiva face ao exterior da economia portuguesa”.

O ministro destacou a evolução da economia, considerando que, “pela primeira vez, Portugal cresce sem pôr em causa o equilíbrio externo” e assim está “melhor preparado para enfrentar riscos externos”, que no passado “tanto prejudicaram a economia portuguesa”.

Nas outras agências de rating principais, Portugal tem notação de ‘BBB’ pela Fitch e Standard & Poor’s (segundo nível da categoria de investimento) e ‘Baa3’ pela Moody’s (primeiro nível na categoria de investimento, um nível acima de ‘lixo’).

A perspetiva está em todas como positiva, o que dá indicação de que o rating poderá melhorar. O rating é uma classificação atribuída pelas agências de notação financeira que avalia o risco de crédito (capacidade de pagar a dívida) de um emissor, que pode ser um país ou uma empresa.

Cada agência de rating tem a sua própria escala de avaliação, mas em todas a melhor classificação é o triplo A (AAA) e as letras C ou D indicam avaliações em que o investimento é considerado de risco ou especulativo (vulgarmente designado ‘lixo’).

(BBG) Portugal’s Costa Pins Debt Strategy on a Rosy Growth Outlook

(BBG)

  •  Costa aims to reduce public debt to under 100% of GDP by 2023
  •  GDP growth already at half 2017 levels, forecast to slow more
Antonio Costa speaks after results during a general election night rally on Oct. 6.
Antonio Costa speaks after results during a general election night rally on Oct. 6. Photographer: Jose Sarmento Matos/Bloomberg

Amid cheering supporters on his election night, Portugal’s Prime Minister Antonio Costa went out of his way to reassure investors he has an ambitious target to tackle the country’s big Achilles heel, its towering debt.

The problem is that his strategy assumes robust economic growth, not a given in today’s uncertain world. The external climate is deteriorating fast and there are signs that job creation is slowing. Portugal’s four main export markets are within the European Union, where expansion is falling to around 1%, and whose biggest economy looks set to enter recession.You’ve reached your free article limit.Get unlimited access for $1.99/mo.View Offers

(GUA) Portugal election: Socialists retain power with increased share of the vote

(GUA) António Costa bucks the trend of declining fortunes for Europe’s left, but remains short of an outright majority

Portuguese prime minister Antonio Costa
 The Portuguese prime minister, António Costa, arrives at a hotel in Lisbon where he followed the results from Sunday’s election. Photograph: Mario Cruz/EPA

Portuguese prime minister António Costa’s Socialist party has won the country’s general election but has fallen short of an outright majority, according to exit polls.

The Socialists (PS) took 36.65% of the vote, followed by the centre-right Social Democrats (PSD) with 27.9%, according to near total results released by the interior ministry early on Monday.

The Socialists’ share of the vote was more than in the previous election in 2015 and followed recent electoral successes for the centre-left in Denmark, Spain, Finland and Sweden, bucking a more general European trend of declining centre-left fortunes.

The results mean that the PS, which has governed for the past four years with the support of two smaller hard-left parties, will have 106 seats in the 230-seat parliament, up from 86 and just 10 seats short of an outright majority. Four seats are yet to be attributed according to the results of votes cast abroad.Advertisement

Negotiations to form a government will start on Monday. In 2015, Costa – who had finished second behind the PSD – took less than two months to seal an unexpected alliance with the Left Bloc and the Portuguese Communist party known as the geringonça, or improvised solution.

Four years later, however, the hard-left is pushing for major increases in public spending and has accused Costa of veering to the right. The prime minister has already ruled out a formal coalition, but said in a victory speech early on Monday that he will now seek to renew his governing pact with one or both parties.

“The Portuguese liked our arrangement,” Costa – whose Socialists, significantly, won more seats than the right-of-centre parties together – told cheering crowds of supporters. “We will see if it’s possible to continue.”

The prime minister added that he may also talk to the new People-Animals-Nature party (PAN) party, which won four parliamentary seats and has said it is ready to support Costa if he commits to its environmentalist platform.

Costa, 58, has reversed some of the more unpopular austerity measures, including cuts to public sector wages and pensions, introduced by the previous PSD-led government in the wake of the eurozone debt crisis, while still managing to bring the country’s budget deficit down to nearly zero.

He has won praise both at home and in Brussels for combining fiscal discipline with successful measures to stimulate the economy, which is now growing faster than the EU average, helped by rising exports and a booming tourism industry that saw more tourists visit Portugal last year than it has inhabitants.

The PSD, still associated in the public mind with deep cutbacks and a three-year recession that ended in 2014, was unable to profit enough from a series of recent scandals to hit the Socialists, ranging from a nepotism row to the alleged involvement of a former minister in an army cover-up of the theft of weapons from a military base.

Turnout was 54.5%, the lowest in a general election since Portugal returned to democracy after a rightwing dictatorship was toppled in 1974.

“The most probable outcome is a Socialist party minority government with support from radical left parties or, less likely, the small environmentalist party PAN,” said Federico Santi, an analyst at political risk consultancy Eurasia Group.