Portugal to sign TAP sale deal with Lufthansa Tuesday
Portugal will sign the sale of up to 49.9% of TAP to Lufthansa on Tuesday, advancing the airline’s partial privatisation and opening talks on a possible full sale.
Tekever tests anti-submarine capability in Portugal drill
Tekever and General Dynamics Mission Systems-Canada detected underwater targets during a Portuguese Navy exercise, expanding the drone group’s maritime defence capabilities.
Creative firm !F says AI raises value of original ideas
In an interview with ECO, Hugo Veiga said !F Creative Capital made more than €1 million in its first year as it bets on creativity as a business asset, not a final-stage service.
Portugal to sign €590m KC-390 sale to Greece
Portugal and Greece are due to sign a €590 million deal for three KC-390 aircraft, with Lisbon expecting €33 million in returns for its defence industry.
Dakar Rally to return to Portugal in 2027
The Dakar Rally will start in Portugal in January 2027 before moving to Morocco, marking the event’s return to Portuguese territory after two decades.
Portugal’s economy slows to 0.2% growth in third quarter
Portugal’s GDP rose 0.2% quarter on quarter and 2.4% year on year in the third quarter, showing a slowdown that matters for the country’s 2026 growth outlook.
Portugal inflation rises to 3.8%, highest since May 2023
Portugal’s annual inflation rate accelerated to 3.8% in October, the highest since May 2023, in a sign that price pressures are picking up again.
Dubai VC firm picks Lisbon for European base
BY Venture Partners has opened a Lisbon office as its European headquarters and launched a €53.5 million fund focused on early-stage AI companies.
Konica Minolta targets €50m sales in Portugal by 2030
Konica Minolta plans to bring its sensor business to Portugal from Japan, aiming to lift local revenue to €50 million by 2030 and expand hiring in Lisbon.
BCP profit rises 12.6% to €873.7 million by September
Portugal’s BCP raised nine-month profit to €873.7 million, helped by Poland and higher net interest income, and lifted its profitability target to 2028.
Jerónimo Martins profit falls 14.5% through September
Jerónimo Martins posted lower nine-month profit despite higher sales, as price pressure in Poland weighed on the Portuguese retailer’s performance.
Portuguese residents cut travel for first time in two years
Residents in Portugal made fewer trips in the second quarter, as a drop in domestic travel outweighed continued growth in trips abroad.
Alentejo pushes golf as tourism growth driver
Portugal’s tourism authorities are backing golf in Alentejo after a 25.2% rise in play in the first half, as Comporta prepares to host a high-profile tournament.
Portugal triples housing tax take in a decade
Portugal collected about €16.8 billion from property transaction taxes over the past decade, showing how the housing boom has boosted public finances.
Galp open to separate partners for retail and refining
After talks with Spain’s Moeve collapsed, Galp said it may seek different partners for its retail and refining businesses, keeping consolidation options open.
Tekever sells drones to US special operations command
Portugal’s Tekever has sold unmanned aerial systems to USSOCOM, strengthening its position in the US defence market after operational testing.
Galp posts record Q3 profit, lifts 2026 EBITDA target
Galp’s third-quarter net profit jumped 68% to a record €682 million, beating analyst forecasts and prompting another upgrade to its 2026 EBITDA target.
Galp still open to deals after Moeve talks collapse
Galp chair Paula Amorim said the Portuguese energy group remains attractive for consolidation after failed talks with Spain’s Moeve, a setback watched closely by investors.
Galp and Moeve end merger talks without a deal
Galp and Spain’s Moeve have ended talks to combine refining and fuel retail assets, dropping a plan that could have created a major Iberian downstream operator.
Galp-Moeve Iberian fuels deal at risk of collapse
Galp’s planned tie-up with Spain’s Moeve is in a critical phase and may collapse, raising questions over the future of Portugal’s Sines refinery.
Unbabel sold for $5.7 million after $250 million talks
Portugal’s Unbabel sold its assets for $5.7 million after merger talks earlier in 2025 valued the startup at about $250 million, highlighting a sharp collapse before insolvency.
Portugal sees euro zone’s third biggest debt drop
Portugal expects its debt-to-GDP ratio to fall by 3 points in 2027, one of the largest declines in the euro zone and a key signal for investors tracking fiscal discipline.
Portugal tops OECD housing affordability decline
Portugal saw the sharpest worsening in housing affordability in the OECD in 2025 and over the past decade, highlighting mounting pressure on households and the property market.
Portugal posts euro zone’s fourth biggest debt drop
Portugal cut its public debt ratio by 3.4 points over a year, the euro zone’s fourth biggest decline, but still had the bloc’s sixth highest debt burden.