Portugal to spend €60m on crude storage at home
Portugal plans a €60 million investment to expand crude storage and bring strategic reserves back from France, a move aimed at strengthening domestic energy infrastructure.
Portugal 10-year bond yield nears 4%, highest since 2017
Portugal’s 10-year bond yield rose to 3.96%, briefly touching 3.97%, lifting the cost of future state borrowing as oil prices and inflation fears push global rates higher.
Portugal’s net expenditure seen rising 7.4% in 2026
Portugal’s fiscal watchdog sees net expenditure rising 7.4% in 2026, above the path agreed with Brussels, despite still forecasting a budget surplus.
Eutelsat says it would welcome launches from Portugal
Eutelsat’s CEO said the group would be open to launching satellites from Portugal, highlighting the country’s potential role in Europe’s expanding space industry.
Savannah raises €31.3m for Barroso lithium project
Savannah Resources has completed a €31.3 million capital increase for its Barroso lithium project, backing engineering, hiring and financing work ahead of planned construction.
Portugal housing market seen cooling, not reversing
Portuguese developers and estate agents expect house price growth to slow rather than fall, as tight supply keeps pressure on buyers despite weaker sales.
Tekever raises €500 million at €5.5 billion valuation
Portuguese drone maker Tekever has secured more than €500 million in a first close of its Series D, boosting its valuation as it expands in defence technology.
CP invites Alstom and Talgo to bid for high-speed trains
Portugal’s state rail operator has shortlisted Alstom and Talgo for a €504 million high-speed train contract, a key step in CP’s planned entry into the segment.
Portugal’s productivity gap with EU widens, report says
Portugal generated 66.9% of the EU average output per hour in 2025, below its 2000 level, in a warning sign for growth, wages and talent retention.
Portugal backs Meo-Thales bid for IRIS 2 gateways
Portugal will support a Meo and Thales bid to provide gateway services for the EU’s IRIS 2 satellite network, linking Portuguese teleport sites to a major European space project.
Azores Airlines sale draws airlines, funds and sector groups
Portugal’s Azores Airlines sale has attracted interest from airlines, financial investors and sector companies, as non-binding bids are due on Monday.
Mota-Engil ranks 55th among world’s biggest builders
Portugal’s Mota-Engil placed 55th in Deloitte’s global construction ranking, underlining the international reach of the country’s largest listed builder.
Rising jet fuel prices leave TAP more exposed
Jet fuel prices have jumped 76% since mid-June, leaving TAP more vulnerable than larger European rivals as fuel costs threaten earnings and could feed into ticket prices.
Portugal extends airport handling licences by up to 2 years
Portugal’s government approved a temporary fix to extend airport ground-handling licences in Lisbon, Porto and Faro while a delayed tender for new operators is completed.
Fitch warns Portugal’s room for new aid is not unlimited
Fitch says Portugal has more budget flexibility to address living costs, but warns any new measures must preserve prudent fiscal policy and the country’s falling debt path.
US university ties helped reshape Portugal
Portuguese academic leaders say two decades of partnerships with US universities helped internationalise higher education, startups and technology transfer.
Portugal may add Algarve to planned business park map
Portugal may create a seventh large business area in the Algarve, widening a plan to attract multinationals as capacity at Sines runs out.
Portugal to host 2027 Formula 1 race on June 20
Portugal will return to the Formula 1 calendar on June 20, 2027, with Portimão hosting the ninth race of the season after a six-year absence.
REN dividend case backed Portugal’s return, documents show
Documents reviewed by ECO show REN’s dividend record was a key factor in Portugal’s return to the grid operator, highlighting the financial logic behind the €389.8 million deal.
Prosecutors back TAP holding’s insolvency as non-culpable
Portugal’s Public Prosecutor has said the insolvency of TAP’s former holding company was accidental, weakening Azul’s bid to recover a €189 million claim.
State could raise REN stake to 20% to balance China
Portugal’s planned option to lift its REN stake to 20% is seen by specialists as a way to counterbalance Chinese shareholder State Grid in a strategic energy asset.
Euronext open to merger with Deutsche Börse
Euronext, owner of the Lisbon stock exchange, said it is open to a merger with Deutsche Börse, a deal that could reshape European capital markets.
TAP sold handling stake to Menzies for €1
TAP sold its 49.9% stake in Portuguese handler SPdH to Menzies for €1, completing an EU restructuring commitment while extending repayment of €13 million in debt to 2030.
Lightsource bp drops €242 million Beira solar project
Lightsource bp has cancelled its Beira solar project in Portugal, saying the scheme no longer met financial viability tests after changes flagged in environmental review.