Over the weekend
Expresso
«International investigation into offshore companies reveals links with Portugal», wrote weekly Expresso on Saturday, as up to now, 22 names and 12 offshore companies based in Portugal or registered in Portugal have been detected in the huge data base of the so-called Offshore Leaks – the biggest ever investigation into tax havens.
Monday
Público
«Exports to exotic markets on the rise», reveals Público, as 71% of Portuguese sales go to Europe but companies are increasingly looking at alternative markets.
Correio da Manhã
«Crisis: property auctions soar», reports Correio da Manhã, as the number of properties repossessed by banks is seeing a sharp increase with the economic crisis. According to the paper, banks are holding 40 auctions a year, each with a long list of properties.
Diário de Notícias
«Green light to promote 5,600 military staff but without increasing total expenditure», writes Diário de Notícias, as the Ministry of Defence authorised the Armed Forces to go ahead with their promotions for 2013, an action that will cost some €4m, but which will have zero impact on the ministry’s expenditure on staff.
Jornal de Notícias
«Pedigree victory», writes Jornal de Notícias, as Vitória de Guimarães beat Benfica 2-1 to clinch their first Portuguese Cup on Sunday.
i
«I also want the troika to screw themselves. I don’t want this!», writes i, quoting author and former Mayor of Santarém Francisco Moita Flores, who says there is no hope for Portugal and that the country should come up with an alternative to fix the economy.
Diário Económico
«Troika still sees no reason to ease deficit targets», reports financial daily Diário Económico, as the troika of international lenders deems the economy has shown no sign of improving – regarding the country’s seventh assessment – that would justify a need to review the budgetary target for 2014. According to the paper, flexibilisation of the deficit will depend on how big the recession is this year.
Jornal de Negócios
«Pensions under €600 escape cuts», writes financial newspaper Jornal de Negócios, as public sector pensions under €600 will not be affected by cuts following a convergence with the private sector. According to the paper, 100,000 pensioners are facing lower pensions, but the effects of this new measure will only be felt from January 2014.
A Bola
«Guimarães’s victory», reports Record, as Vitória de Guimarães seized a memorable win on Sunday after beating Benfica 2-1 to clinch the Portuguese Cup.
Record
«Great Vitória», reveals Record, as northerners Vitória de Guimarães clinched their first Portuguese Cup on Sunday after beating Benfica 2-1.
O Jogo
«Legendary», writes O Jogo, as Benfica suffered yet another blow on Sunday as it lost the Portuguese Cup to Guimarães.