Minister calls for increased national production in Defence
The Minister of Defence says there is "huge scope" and “opportunity" for Portuguese industry to produce components or maintain equipment for European security.
It’s now possible to buy plane tickets on TAP by instalments
The Portuguese airline has become the second in Western Europe to launch "buy now pay later" through Klarna, which also has agreements with Turkish Airlines, Cathay Pacific and Lufthansa.
Banks may change restrictions on lending to defence industry
Public bank Caixa Geral de Depósitos told Lusa that its internal policy for this credit has specific rules and that financing for the defence industry (a broader sector than just the arms industry).
FC Porto incorporates two companies to cut costs
Portoestádio and Serviços Partilhados will be absorbed by the SAD to simplify the structure and rationalise costs. Villas-Boas is about to complete a year in charge of the club.
Galp receives first gas shipment from US company
Since 2022, Galp has been waiting for US company Venture Global LNG to fulfil the contract signed in 2018 for the supply of one million tonnes of natural gas per year.
Data centre sector tries to attract an AI Gigafactory
A meeting between the data centre sector and the Ministry of Economy addressed the promotion of a possible Portuguese application for the European Commission's AI Gigafactories.
More than two-fifths of Portugal’s exports escape US tariffs
Of the 5,318 million euros exported to the US in 2024, 2,365 million euros are safe from the 10% tariffs, including medicines and oil products.
Agri-food companies say U.S. order “slowing”
The sector is feeling that the shipment of containers by U.S, buyers is more “restrained". Portugal exports around 250 million euros worth of agri-food products to the country.
“EDP has its own path, without mergers”, says CEO
Speaking to Expansión, Miguel Stilwell dismissed speculation about mergers, after last week's news of new interest from Spain's Naturgy.
Environmentalists call for new airport to be cancelled
The environmentalists argue that the "billions of euros that would be wasted on airport expansion" should be "invested in a public transport network accessible to all".
Spain’s Naturgy explores merger with EDP
CriteriaCaixa, which owns 26.7% of the Spanish energy company Naturgy, has already approached China Three Gorges to assess the openness of its operation in the Portuguese power company.
Owners of Natixis evaluate purchase of Novobanco
Groupe BPCE has retail businesses in France and is exploring the opportunity of acquiring Novobanco. Market instability reinforces the possibility of a direct sale to another bank.
Economy shows greatest financing capacity in last 20 years
According to the central bank, households, the financial sector and public administrations had financing capacities of 4.7%, 1.6% and 0.7% of GDP, respectively.
PM’s tariff response ‘scores electoral points’- president
"The measures that have been announced, agreed with the employers' confederations, are prudent," said the president, Marcelo Rebelo de Sousa.
“Unacceptable intrusion”. CITE criticises US letters
Commission for Equality in Labour and Employment considers the sending of letters by the US embassy to companies in Portugal an “unacceptable intrusion”.
Cabinet meeting to focus on Trump tariff response
An official source from the prime minister's office told the media today that the cabinet meeting will centre on tariffs.
House prices up 3% in Portugal at the end of 2024
In the fourth quarter of last year, house prices in Portugal rose by 3% compared to the previous three months. This was the third highest increase of any European Union country.
Galp executives’ gross pay totalled 7 million last year
Filipe Silva, who resigned as CEO earlier this year, was the highest-paid member of the executive board, with a total of 1.7 million euros gross, of which 980,000 was in fixed remuneration.
Government to meet business groups on US tariffs
The meetings with Portuguese business associations have been pushed forward to assess the possible impact of US tariffs on the domestic economy.
US pressures Portuguese companies to abandon diversity
Embassy is reviewing contracts between the US government and companies in Portugal, which includes certifying that they comply with Trump's new rules against diversity programmes.
Megacentre brings investment of 30 billion to Portugal
The five-year forecast was given this Friday by Start Campus and the US embassy at the inauguration of the first building of the data centre and involves new customer projects as well as construction.
Economy Minister defends “deep partnership” with US
Pedro Reis' statement came after the US embassy said that the US and Portugal share the Atlantic. "They may call it cod and we call it codfish, but we fish in the same waters", said the diplomat.
Douro wine exporters already seeing cancelled orders
"There are several orders that have been suspended or cancelled awaiting clarification of the situation regarding the tariffs," said António Filipe, referring to AEVP member companies.
Confederation calls for ‘strong EU response’ to US tariffs
"We have to respond with the strength that Europe has, together we represent a significant market, together we are an important group", Armindo Monteiro told journalists