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The Ministry of Finance has its origins on the Comptrollerships of the Exchequer (vedorias da Fazenda) created in the 14th century to run the State's financial affairs. After 1584, the comptrollerships are replaced by the Council of the Court of the Exchequer (Conselho do Tribunal da Fazenda). In 1761, the Royal Treasury (Erário Régio) is ...
The 2010–2014 Portuguese financial crisis was part of the wider downturn of the Portuguese economy that started in 2001 and possibly ended between 2016 and 2017. [1] The period from 2010 to 2014 was probably the hardest and more challenging part of the entire economic crisis; this period includes the 2011–14 international bailout to Portugal and was marked by intense austerity policies ...
The economy's growth has been accompanied by a continuous fall in the unemployment rate (6.3% in the first quarter of 2019, compared with 13.9% registered in the end of 2014). The government budget deficit has also been reduced from 11.2% of GDP in 2010 to 0.5% in 2018.
10 April 1876. (1876-04-10) Headquarters. Lisbon, Portugal. Key people. Paulo Macedo (CEO) Website. www.cgd.pt. Caixa Geral de Depósitos (CGD) (Portuguese pronunciation: [ˈkajʃɐ ʒɨˈɾal dɨ ðɨˈpɔzituʃ]) is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.
The Economic Adjustment Programme for Portugal, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Portuguese Republic in order to cope with the 2010–14 Portuguese financial crisis. The three-year programme was signed in May 2011 by the Portuguese Government under then-Prime Minister ...
Decree-Law No. 142-A/91, of 10 April (inception of CMVM in portuguese) Website. www.cmvm.pt. The Portuguese Securities Market Commission, also known by its initials as "CMVM", is the Portuguese financial regulator that supervises and regulates securities and other financial instruments and activities of all those who operate within said markets.
In 2012 the Portuguese debt, at 129% of the GDP, was the second highest in relative terms in the European Union only after Greece. [3] By the first semester of 2013, the Portuguese national debt increased to a record-high of 130% of the GDP, around 214.5 billion Euros or 293 billion US dollars. [4] In June 2014, the public debt reached 134% of ...
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