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.
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.
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.
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.
Sonae generates €259m from circular economy activities
The recovery of ingredients and raw materials, and the repair, reconditioning and reuse of electronic equipment, are some of the business models adopted by the group that owns Continente and Worten.
Portugal among EU’s top five budget surpluses in 2025
In 2025, Portugal joined the select group of five European Union countries with a surplus, posting a balance of 0.7% in a year when most Member States were in deficit.
Iberia more competitive than some US states, says EDP CEO
"When comparing Europe with the US, we are comparing averages that don’t tell us anything", warns Miguel Stilwell de Andrade, stressing that the Iberian Peninsula has lower energy prices for industry.
Government pushes for positive decision on labour law
Labour Minister announced that the legal framework for vocational training will be reviewed before the end of the year and that the Wage Transparency Directive will be transposed.
Portugal faces key test in unwinding fuel tax cuts
Portugal has learned from the 2022 energy crisis, but reversing fuel tax cuts will be the real test for fiscal policy and inflation control.
Portugal food retail outpaces Europe with strong real growth
Portugal’s food retail sector grew four times faster than Europe in real terms in 2025, signalling a recovery in consumption beyond inflation effects.
Data centres: a “golden opportunity” for offshore wind power
The head of the Portuguese Renewable Energy Association says growing demand from data centres could unlock offshore wind investment, linking digital infrastructure to energy transition opportunities.
Portugal’s data centre plan faces execution risks
Portugal’s plan to attract data centres could work, but industry players warn implementation will be difficult, raising questions for investors targeting the fast-growing sector.