The Lisbon stock market closed in the black, bucking the trend among the main European markets, which finished in negative territory.

The exhibition features around 40 works by Joana Vasconcelos dotted around the former royal household and features “The Bride”, “Independent Heart” and “Marilyn.”

According to the latest figures from the General Directorate of the Budget there was a spike of over €1bn in the Portuguese state budget deficit between March and April.

The government is going ahead with an extraordinary tax credit, which will see companies’ corporate tax payments reduced in the amount of 20% of investments up to €5m made between 1 June and 31 December.

Friday 24, May: Weekly “Sol” reports that the Constitutional Court and the government are on collision course, as the head judge has threatened to reject the coalition’s new cost-cutting measures presented as alternatives to those the institution ruled against early this year included in the 2013 state budget.

Portugal Telecom (PT) made a profit of €26.7m in the first quarter of 2013, a 51.7% drop in comparison with the same period last year.

The announcement was made Wednesday by Minister of Finance Vítor Gaspar following a meeting with his German counterpart Wolfgang Schaeuble in Berlin.

Thursday, 23 May: “Jornal de Negócios” reports that the number of new businesses set up in the first quarter of 2013 is higher than those created in the same period in the last five years, with the great majority of these small businesses being entirely financed at their owners’ expense.

Javier Gandara told Lusa the British low-cost company “expected to expand its presence in Lisbon and Portugal”, where it is now the second biggest operator.

The junior minister of parliamentary affairs, Teresa Morais, stated there was a “very good possibility” the Amending Budget would be delivered by 31st May.