BPCE completes Novobanco takeover for €6.7 billion
France’s BPCE has completed its purchase of Portugal’s Novobanco for €6.7 billion, finalising a major banking deal at a higher price than first estimated.
Air France-KLM to submit binding bid for stake in TAP
Air France-KLM said it will file a binding offer by early August for a minority stake in TAP, keeping pressure on Portugal’s airline privatisation process.
BPCE says Novo Banco deal marks long-term Portugal push
France’s BPCE said its €6.7 billion Novobanco acquisition reflects a long-term commitment to Portugal, expanding its local workforce to nearly 8,000.
Proposed audit court change eases path for TAP sale
A government-backed legal change would remove TAP from prior audit court approval, addressing a key concern for bidders in Portugal’s airline privatisation.
Portugal unveils €22.6bn resilience and recovery plan
Portugal has launched a €22.6 billion nine-year resilience plan, combining public, private and EU funding to strengthen infrastructure, crisis response and economic preparedness.
Portugal targets €100m aid for energy-intensive industry
Portugal wants to raise aid for energy-intensive companies to €100 million this year, while prioritising refinery competitiveness and delaying new household solar support.
Porto leads Portugal’s prime home price growth
Porto’s prime residential prices rose 8.5% in 2025, outpacing Lisbon and Marbella, in a sign Portugal is still drawing wealthy international buyers.
France to present timetable for Iberia power links
France has invited Portugal and Spain to Paris in June to present a timetable for electricity interconnections, a step the Portuguese govt says could strengthen Iberia’s link to Europe’s power market.
EDPR to receive $200m in US offshore wind settlement
EDP Renováveis said its Ocean Winds venture has settled a dispute over US offshore wind leases, unlocking a $200 million refund tied to reinvestment in US energy projects.
US fund buys 16.38% stake in Benfica SAD
Entrepreneur Equity Partners will buy 16.38% of Benfica SAD from José António dos Santos, adding foreign capital to one of Portugal’s top football companies.
Galp targets Moeve deal signing by end of July
Galp expects to sign its downstream tie-up with Spain’s Moeve before August, as talks with Portugal’s government focus on fuel supply security.
Portugal seeks bigger business role for its diaspora
Portugal wants its global diaspora to play a bigger role in investment and exports, launching a business forum and permanent platform to link overseas and domestic companies.
Galp Q1 profit jumps 41% as oil prices rise
Galp’s first-quarter net profit rose 41% to €272 million, driven by higher oil output and prices. Company says still expects to reach agreement with the Spanish firm Moeve by the middle of the year.
Similar bids are likely to push up TAP’s price
With “very similar” business plans, the price and any potential earn-outs are likely to determine the winner of the privatisation. Lufthansa and Air France-KLM have different arguments.
Bank of Portugal plans curb on youth home loan scheme
Portugal’s central bank is preparing tighter mortgage rules to offset a larger state guarantee for young homebuyers, a move with implications for banks and household debt.
Greater Lisbon home prices hit Portugal’s highest level
Portugal’s median home price rose 16.8% in 2025, with Greater Lisbon reaching €3,439 per square metre, the highest sub-regional level in the country.
UGT rejects latest labour law reform proposal
Portugal’s UGT union confederation has rejected the government’s latest labour law reform draft, leaving key workplace rule changes without an agreement.
Price set to decide between TAP bidders, minister says
Portugal says Air France-KLM and Lufthansa have submitted similarly strong industrial plans for TAP, making price a key factor in choosing a buyer.
Krest plans Portugal’s tallest apartment towers in Gaia
Developer Krest plans two residential towers in Vila Nova de Gaia, betting on Porto’s new metro line in a €150 million project due from 2028.
Lufthansa Technik gets green light for Portugal plant
Lufthansa Technik has secured environmental approval for its €309 million plant in northern Portugal, clearing the way for construction to start in the coming weeks.
Portugal invites binding bids for 49.9% of TAP
Portugal has formally invited Air France-KLM and Lufthansa to submit binding bids for 49.9% of TAP, moving the airline’s privatisation into its next phase.
Paulo Carmona to Lead Infraestruturas de Portugal
Paulo Carmona, current director-general of Energy and Geology, will become the new president of Infraestruturas de Portugal, starting in May.
Portuguese Household Debt Rises, Central Bank Warns
Portugal's central bank governor warns of rising household debt driven by housing credit, posing economic risks.
Air France-KLM, Lufthansa move ahead in TAP sale
Bloomberg says Portugal may invite Air France-KLM and Lufthansa to submit binding bids for TAP on Thursday, advancing the sale of a strategic stake in the airline.