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BdP balance is already similar to Portugal’s GDP – Markets

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BdP balance is already similar to Portugal's GDP - Markets

The balance sheet of Banco de Portugal is already equal to the economy of Portugal. The central bank closed last year with assets of 219 billion euros, the highest ever, about 27 billion euros higher than in 2020, largely due to debt purchased under mega-monetary stimulus programs.

“The balance sheet is 219 billion euros, which corresponds to the size of Portugal’s GDP,” said the Governor of Banco de Portugal, Mario Centeno, in the presentation of the Board of Directors’ report for 2021. “We had an increase in balance sheet. sheet is explained by the increase in monetary policy and deposits of credit institutions.

The EUR 27 billion increase in monetary policy assets was driven by a EUR 17.1 billion increase in the monetary policy portfolio as a result of securities purchases under the new Pandemic Emergency Purchase Program ( PEPP) and Public Sector Asset Purchase Program (PSPP) bonds. In addition, refinancing operations increased by 9.6 billion euros. At the end of 2021, lenders’ deposits at the Bank of Portugal reflected an increase of €26.9 million year-over-year “as a result of a significant injection of liquidity as a result of the aforementioned monetary policy measures.”


In 2021, the evolution of Banco de Portugal’s financial statements continued to be influenced by the response to the expansion of the pandemic crisis, as explained in the paper by the central bank led by Mario Centeno.

“Gold has also had a positive impact on the size of the bank’s balance sheet, and these are the main trends,” Centeno emphasized for the precious metal, which increased by 4.3% (equivalent to 808 million euros) for a total of $19.8 billion. Euro. Banco de Portugal has also reorganized its management assets as a result of “taking advantage of the opportunities for profit” offered by the market.

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Portuguese historical films will premiere on 29 December.

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Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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