Exports to the US slow by almost 40% before tariffs
Sales of goods slowed in June after increasing in May, in a month marked by a sharp drop in sales of chemical products to the US. Trade deficit rises to €2.348 billion.
President greenlights reprivatisation of flag carrier TAP
In a statement, Marcelo Rebelo de Sousa explains that he gave the green light to the law after receiving clarification from the government on the issue.
Menzies aircraft ground handlers begin another 4 day strike
The Metal and Allied Industries Union (SIMA) criticize the "arrogant, irresponsible and calculated attitude” of Menzies and TAP, chosing "to turn their backs on their professionals and customers”.
Portugal has already the sixth PRR payment
To receive €851 million in grants and €485 million in loans, Portugal had to meet 32 milestones and targets out of a total of 438 included in the updated PRR after the reprogramming.
Govt. already has letter from Azul assuring payment from TAP
Minister Miguel Pinto Luz had said that the Government could not find the letter sent by the socialist Executive to Azul in 2020. Now, the Brazilian company provided the letter in question.
The renewed Martifer that “attracted” Visabeira
The metal structures company, which has the sub-concession for the Viana shipyards, where it guarantees the highest revenues, has managed to recover its results.
Lisbon city council loses appeal in ‘Russiagate’ case
This is the second defeat for Lisbon city council in court over a €1.25 million fine imposed by the National Data Protection Commission (CNPD) on the local authority in 2022.
Visabeira Indústria launches takeover bid for Martifer
Visabeira already had a shareholders' agreement with brothers Carlos and Jorge Martins and Mota-Engil that defined the terms of control of Martifer. The takeover bid is launched at €2.057 per share.
Govt. wants to facilitate for companies to deny remote work
When an employee proposes remote work, if the job is compatible, employers can currently only refuse with justification. The government wants to revoke this condition, making rejection easier.
Fewer applicants for higher education due to costs involved
Less than 50,000 students applied for the first phase of the 2025 national entrance exam for higher education.
ANA delivers “all investments” to expand Lisbon Airport
With the remodelation works, the capital’s airport will expand its activity to 45 movements per hour in order to meet the increase in passenger demand in the coming years.
“Those wanting foreigners’ law changes will be judged”
Politically, “it will go down in history” that there was a majority that “wanted these solutions and will be judged in due course for this”, said Marcelo Rebelo de Sousa.
H1 property investment up 78% YoY to €1.23B – consultants
According to CBRE, this increase was "driven by a series of high-value transactions in the retail and hotel sectors, which for three years now have been the main drivers of investment in Portugal".
Novobanco says it was targetted in a 10 billion-euro scam
A company called FNBC Invest is asking for a compensation of more than ten billion euros in what the bank considers to be a fraudulent scheme that has already been reported to the authorities.
Wine could lose more than 20% of the US market
Representatives from the wine industry lament that Brussels did not negotiate a better agreement, but still believe that wine could be added to the list of products exempt from tariffs in the US.
IAG sees TAP as success in the group if the terms are right
The group that controls Iberia and British Airways says that the successful integration of Ireland's Aer Lingus could serve as an example for TAP, provided that the terms of privatization are “right”.
Profits at Jerónimo Martins rise 6.6% in H1 to €269M
Jerónimo Martins maintains its outlook for this year and expects consumer behaviour to remain cautious and restrained, with intense competition continuing in the markets in which it operates.
Sword Health confident of legal victory against US company
"The fact that we don't want to make any deals shows how confident we are in the process. I am completely comfortable that it will be successful for us", Sword Health CEO Virgílio Bento told ECO.
EDP forecasts profits of up to €1.3 billion in 2025
In November, the listed company expects to provide more visibility on the figures it estimates it will achieve in 2026 and the following two years.
Lufthansa CEO says TAP remains “interesting option”
The German company joins the other main pretenders -- Air France-KLM and IAG -- in reaffirming their interest after the government took another step in the TAP privatisation process this month.
Air France-KLM wants TAP if it doesn’t have “too muck risk”
The CEO of Air France-KLM said on Thursday that the group is still studying the purchase of a stake in the Portuguese airline and will take into account the impact on improving its financial margin.
GDP grows 1.9% year-on-year in Q2 – flash estimate
From the first quarter to the second, GDP increased by 0.6% in volume, following a 0.4% decrease in the previous quarter.
State-owned bank profits rise 893 million in H1
CGD said that this half-year result was four million euros higher than in the same period of 2024, benefiting from “a 9 billion-euro increase in turnover and a lower-risk balance sheet”.
Pharma industry warns US tariffs will disrupt supply chains
“Tariffs on medicines fail to support supply chains, hinder investment in research and development, and ultimately limit patient access to medicines on both sides of the Atlantic”, said Apifarma.