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Posts tagged as “Banco de Portugal”

52.5% of Madeiran Companies Register Net Losses

Figures released by the Bank of Portugal (BdP) today show that the percentage of companies “in a potential risk situation” increased in all regions in 2020, with 44.5% of companies reporting negative net results, against 36.9% in 2019, with the Algarve and the Autonomous Region of Madeira recording negative net profits of 52.2% and 52.5% respectively.

Shops obliged to accept electronic payments

The Banco de Portugal wants companies and shops to accept at least one form of electronic payment in addition to cash.  With cash increasingly in decline, the covid-19 pandemic has only accelerated the digitalization of transactions, thereby increasing online consumption and the use of contactless payments. Dennis Swing Greeneinfo at…

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