Govt. has one month to support (or not) Centeno for the ECB
Possible names to replace vice-president Luis de Guindos are expected to be on the table at the ECOFIN meeting on 13 November, but Portugal remains silent on the issue.
Loss of licences jeopardises recovery of former Groundforce
The recovery plan provides for the payment of €31 million over the next few years to ANA, TAP, Fidelidade, BCP, etc. If Menzies does not renew its handling licences, the debts will remain unpaid.
Portuguese President signs Foreigners Act into law
The text was revised and approved by 70% of MPs and minimally addresses the main concerns raised by the President regarding its constitutionality.
Sword Health proposed to lead PRR AI consortium
The name proposed by the Centre for Responsible AI to take over the leadership of the artificial intelligence consortium is being analysed by IAPMEI. A decision is expected in October.
Houses in Portugal are overvalued by 35%
Portugal has the most overvalued houses in Europe and the financial effort required by families to buy or rent a house is among the highest in Europe, according to a report by the European Commission.
Govt. plans to invest €1.6 billion in state reform by 2029
A large portion of the budget, almost 80%, will be invested by 2027, totalling €1.269 billion. Measures include creating an agenda for AI, a public service authority, and savings incentives.
Government ponders reinstating holidays abolished by troika
The Frente Sindical said that the government would evaluate the the government would evaluate the reinstatement of the three days' holiday abolished under the 'troika'.
Azul is seeking if anyone is guilty for the fail of TAP SGPS
David Neeleman's airline wants to analyse all documents from the former TAP SGPS, including accounts, management decisions and contracts relating to the holding company's asset stripping.
Lagarde backs Centeno to lead European Banking Authority
Spaniard who heads the regulator will step down on 31 January. The next president will have to be chosen by EBA's board of supervisors and will need the approval of the European Parliament.
Santos Pereira wants a Portuguese-speaking financial front
Amid calls for greater cooperation and the defence of central banks' monetary independence, Santos Pereira wants to strengthen the weight of Portuguese-speaking economies in the global chess game.
PSD wins local elections and the five largest councils
The PSD, led by Prime Minister Luís Montenegro, won the local elections across almost the entire country. Among the night's defeats, the Communists were beaten by the far right in Lisbon by 11 votes.
Special The State budget for 2026 has zero margin for the opposition
The budget surplus forecast for next year is €230 million. The government is taking precautions and shifting responsibility to the opposition if the debate in Parliament leads to increased spending.
Govt. plans to spend more €772 million on defence in 2026
The executive will increase defence spending by €772 million, a strategy in line with the commitment to meet NATO's target of investing 2% of GDP in the sector.
Government scraps banking tax after court rules it illegal
It's one of the new things in the proposed State Budget for 2026: the extra solidarity tax on banks is gone. The government will no longer get €40 million in annual revenue.
Tourists look for more than just sun and beaches in Portugal
The focus on nature tourism, religious tourism and wine tourism has helped to reduce seasonality and spread tourists throughout the country.
“The days of proudly standing alone are over”, says TAP CEO
Luís Rodrigues, CEO of TAP, says there are "immense opportunities" for growth in Brazil and in the maintenance and engineering business.
Portugal in the global top 10 for ‘clean’ electricity
This highlight appears in the “Renewables 2025” report, published on Tuesday, in which the International Energy Agency points out that renewable capacity is set to more than double by 2030.
Special Trump’s talent tax is a hook to attract professionals
Cutting red tape, fast-tracking visas and promoting Portugal as a global innovation hub are the suggestions from entrepreneurs, incubators and funds to boost talent attraction.
F1 may return to Estoril if council can buy Autodrome
The Cascais Council, in the district of Lisbon, said it intends to acquire the Estoril Autodrome through a purchase from Parpública, which aggregates the State's holdings in companies.
Mota-Engil signs €700M deal with Petrobras in Brazil
A consortium that includes Mota-Engil's Brazilian subsidiary has signed a new contract worth €700 million with Brazil's Petrobras, to be completed in 50 months.
Revolut officially joins MB Way
Revolut, which has surpassed two million customers in Portugal, anticipates becoming "one of the three largest" financial institutions in the country with full connection to the Multibanco network.
Portugal records highest increase in house prices in the EU
Both year-on-year and quarter-on-quarter, no other European Union country saw such a dramatic rise in house prices in the second quarter of this year.
Experts struggle to obtain data on Iberian blackout
The first report on the blackout delves into the events, but does not draw conclusions or make recommendations. That will be left to the final document, to be released in 2026.
Álvaro takes office as Governor of the BdP on 6 October
Government will appoint the OECD's chief economist and former Minister of Economy under Passos Coelho this Friday. The inauguration ceremony for Mário Centeno's successor will take place on Monday.