TAP maintenance unit emerges as key asset in privatisation
TAP’s maintenance and engineering business is growing faster than passenger transport and delivers higher margins, strengthening the airline’s appeal in its privatisation process.
BPCE in exclusive talks to buy insurer GamaLife
France’s BPCE, fresh from its Novobanco deal, is in exclusive talks to buy Portuguese life insurer GamaLife in a move that would deepen its presence in Portugal.
Portuguese Air Force favors Lockheed Martin F-35
Portugal’s Air Force has ranked Lockheed Martin’s F-35A ahead of European rivals in an internal study for a future fighter jet purchase worth up to €5 billion.
Portugal to unveil 750 MW battery auction on June 29
Portugal will publish details of a 750 MW battery storage auction on June 29, alongside a national storage strategy, in a move relevant to energy investors and grid planning.
Portuguese drone maker Tekever opens Estonia office
Tekever has opened an office in Estonia as it expands in defence markets and joins the country’s largest annual military exercise.
BCP launches share buyback worth up to €407.5 million
Portugal’s BCP will start a new share buyback on June 4, with a maximum value of €407.5 million, in a move equal to about 2.84% of its market value.
Portugal president warns journalism faces record pressure
Portugal’s president said journalism is under unprecedented pressure from social media and AI, warning that weaker media economics could damage democratic scrutiny.
Portugal home bank valuations hit new record in April
Banks valued Portuguese homes at a record €2,174 per square metre in April, up 16.5% year on year, in a sign that housing market pressures remain strong.
Porto mayor, FC Porto chief stress continuity at ECO event
At ECO’s anniversary festival in Lisbon, Porto mayor Pedro Duarte and FC Porto president André Villas-Boas said they took over demanding roles without breaking with past leaderships.
Nors profit falls 26% as group expands in Canada
Portugal’s Nors reported lower 2025 profit and sales, while investing nearly €15 million in two Canadian construction equipment deals to deepen its presence in that market.
Lockheed urges Portugal to keep single fighter fleet
Lockheed Martin told ECO that Portugal should avoid a mixed fighter fleet, arguing a single model would cut costs and simplify training, maintenance and European integration.
Portugal commercial property prices rose 10.1% in 2025
Commercial property prices in Portugal rose at their fastest pace since at least 2009 in 2025, highlighting continued pressure in the country’s real estate market.
TAP cuts first-quarter loss to €39.9 million
Portugal’s TAP narrowed its first-quarter loss as revenue rose 11%, but warned higher fuel prices will put pressure on the coming quarters.
TAP handling sale price hinges on licence tender outcome
Menzies says the price for TAP’s sale of its handling stake depends on whether it wins new airport licences, a factor tied to the airline’s privatisation process.
Menzies warns Lisbon airport bottlenecks hurt Portugal image
Menzies Aviation says bottlenecks at Lisbon airport are damaging the passenger experience in a country that depends heavily on tourism.
Brussels cuts Portugal growth view, sees return to deficit
The European Commission expects Portugal’s economy to grow 1.7% in 2026 and its budget to slip back into deficit, a more cautious view than Lisbon’s own forecasts.
Portugal ranks fifth in EU for energy aid budget impact
Portugal has the fifth-largest budget impact from energy price support in the EU, highlighting the fiscal cost of shielding households and businesses.
Eurofighter sees Portuguese supply chain role in jet bid
Eurofighter says Portuguese companies could make parts and provide maintenance if Portugal picks the fighter, linking the bid to local industry and long-term defence work.
BCP nears €1 a share and becomes PSI’s third-largest stock
BCP closed at €0.9616, its highest level in about 11 years, lifting its market value above €14 billion and making it the third-largest company on Lisbon’s PSI index.
Ageas weighs BCP stake if Fosun exits bank
Belgium’s Ageas is assessing a possible stake in Portugal’s BCP if China’s Fosun sells, a move that could reshape the shareholder base of the country’s largest listed bank.
Basalt hires Jefferies for Indaqua bid process
Basalt Infrastructure Partners has hired Jefferies for the next stage of the sale of Portugal’s water operator Indaqua, a deal expected to draw four binding bids.
Report The Texan home of the F-35 jets that could replace the F-16s
From the silence on the factory floor where Lockheed Martin produces the F-35 to the deafening roar of take-off, a tour of the factory where 27 fighter jets may be built to replace the F-16s.
EDP shifts Brazil renewables into local subsidiary
EDP will move EDPR’s Brazil assets into EDP Brasil, reshaping its portfolio as the renewables unit focuses on higher-growth markets in the US and Europe.
Benfica weighs blocking US fund’s stake purchase
Benfica is assessing whether it can block a planned 16% stake sale in its listed football unit, because of ownership rules on rival club interests.