Portugal seeks faster EU review for TAP sale
Portugal’s government has asked Brussels to speed up its review of Lufthansa’s planned TAP purchase, a key step for a deal not expected to close before 2028.
Galp says refining needs long-term view despite profit surge
Galp’s co-CEO said 2026 will beat an already strong 2025, while warning that taxing exceptional refining returns can undermine long-term investment in Portugal.
Lufthansa sees €450m in synergies from TAP deal
Lufthansa said its TAP acquisition could generate up to €450 million in synergies, underlining the value it sees in Portugal’s airline privatisation.
Galp, Core Capital urge broader funding for Portuguese firms
Galp’s co-CEO and Core Capital said Portuguese companies need broader funding sources and more private equity to scale, a key issue for business growth.
TMG says US factory is a long-term bet, not a tariff play
Portugal’s TMG says its €55 million US factory is a long-term strategic move, highlighting how global expansion matters more than short political cycles.
Lufthansa wins bid for 49.9% of TAP
Portugal has chosen Lufthansa to buy 49.9% of TAP for €1.201 billion, a deal that would bring the flag carrier into Europe’s biggest airline group.
Lufthansa signals push for full control of TAP
Lufthansa says its TAP stake can support growth and stronger Atlantic links, while signalling it wants to move from 44.9% to majority control.
Lufthansa pledges bigger TAP fleet, Tancos aviation hub
Lufthansa’s winning bid for TAP includes plans to expand the airline to 130 aircraft and build a €500 million aviation school in Tancos.
Lufthansa bids cash only for TAP stake sale
Lufthansa has submitted an all-cash offer for TAP, while Air France-KLM had considered including shares, a key difference as Portugal nears a decision on the airline sale.
Portugal holds 9th place in EY foreign investment ranking
Portugal stayed ninth in EY’s European investment attractiveness ranking despite a 5% drop in foreign investment projects, with data centres and logistics seen as future growth areas.
Tekever opens Germany base after first Bundeswehr delivery
Portuguese drone maker Tekever has opened a Munich operation after its first delivery to Germany’s armed forces, expanding in a fast-growing European defence market.
IMF lifts Portugal growth forecast but stays below govt.
The IMF now sees Portugal’s economy growing 2.1% this year, about twice the euro zone pace, but its outlook remains below the government’s budget forecasts.
Ribera Salud sees more Portugal investment after sale
Ribera Salud expects its parent’s sale to bring fresh investment and possibly a bigger footprint in Portugal, a sign of further consolidation in the country’s healthcare market.
Portugal may have paid up to €537m for 19% of REN
Portugal has again withheld the price of its latest REN stake purchase, but ECO calculations suggest the state may have spent up to €536.6 million for 19%.
Airbus pitches Eurofighter as Portugal’s future option
Airbus told ECOnews the Eurofighter would give Portugal a sovereign defence platform and a role in future European combat systems as Lisbon weighs replacing its F-16s.
Kyndryl says AI will upend consulting industry
Kyndryl executive Ismail Amla told ECO that AI agents will reshape consulting and corporate workflows, with trust, security and workforce readiness now central to adoption.
Obama in Lisbon warns on AI security and US-China ties
Speaking in Lisbon, Barack Obama said AI is advancing faster than governments can regulate it, warning that US-China coordination on safety will be difficult.
Portugal export growth slows in August as trade gap widens
Portugal’s exports and imports both rose in August, but export growth slowed and the goods trade deficit increased, highlighting pressure on the country’s external balance.
Portugal may buy up to 5% of BCP to block Spanish buyers
Portugal’s government is considering a stake of under 5% in BCP if Fosun exits, aiming to keep the listed bank under what it sees as strategic national control.
Portugal’s 2027 budget banks on growth, tight fiscal room
Portugal’s 2027 budget targets a 0.1% surplus while relying on strong private investment, leaving little room under EU fiscal rules or for new spending measures.
Portugal to tighten foreign investment screening
Portugal is preparing a new law to apply tougher EU foreign investment screening rules, a move with implications for strategic sectors and overseas investors.
Pestana looks for more US hotels as demand grows
Portugal’s Pestana Group is scouting for more hotels in the US after strong results there, as American tourism gains weight for Portuguese hospitality and airlines.
Mario Centeno joins Abanca group insurer board
Former Bank of Portugal governor Mario Centeno will join Abanca Vida y Pensiones after his cooling-off period ended, marking a rare move into the private sector.
Portugal renews 5G curbs on high-risk suppliers
Portugal has renewed restrictions on high-risk 5G suppliers after a new security review, extending a policy that effectively shut Huawei out of the market.