Lone Star agrees to sell Novo Banco to BPCE for 6.4 billion
BPCE said it was also “in talks with the Portuguese government and the Bank Resolution Fund to acquire their stakes in Novobanco (11.5% and 13.5%, respectively), on identical terms”.
PM calls for a “united Europe with no room for populism”
The Prime Minister warned that populism is a threat to democracy and recognised that Portugal has not always taken advantage of the opportunities it has had since joining the European community.
Lone Star close to securing sale of Novobanco to BPCE
The US fund has chosen the French group that owns Natixis to sell its 75% stake in Novobanco, reports ECO. Negotiations have already begun and the valuation could be close to 7 billion.
France’s BPCE group leads race to buy Novobanco
The owner of Natixis is trying to reach an agreement with Lone Star. Americans are still considering a possible IPO. A decision on the future of Novobanco is expected to be made in the coming days.
Former TAP SGPS must pay 177 million to Azul by June 23rd
The amount corresponds to 175,272,269.73 euros of the loan granted in 2016 by Azul to TAP and the respective compound interests, together with 1,643,177.53 euros of simple interests.
Health more than doubled sales to the US before tariffs
Health companies exported 160% more in the first quarter than between January and March 2024. Industry remains “confident" in production capacity and global supply chain.
Exports down 5.7%, imports up 2.4% in April
With this development, the trade deficit in goods worsened by 614 million euros compared to the same month in 2024, reaching 3.018 billion in April 2025.
Portugália beerhouse group says revenues up by over 15%
The Portugália brewery celebrates its 100th anniversary on 10 June, and the stores have undergone a rebranding.
President describes Nations League victory as ‘delicious’
"It was very, very difficult, very exciting and very sweet," said Marcelo Rebelo de Sousa after Portugal beat Spain on penalties in Munich.
Special JNcQUOI arrives (by buggy) in Comporta
A new discreet luxury resort is taking shape on Portugal’s Alentejo coast. JNcQUOI is expanding from Lisbon to Comporta. Miguel Guedes de Sousa personally guided us through what the future holds.
Defence spending should ‘expand economy’ – defence minister
Bringing forward the target of investing 2% of GDP in defence this year "will bring a return and help the economy grow", said Nuno Melo.
Bank of Portugal worsens 2026 deficit forecast to 1.3%
In its December, the central bank had forecast a deficit of 0.1% of GDP this year, a forecast it maintains, but now worsens the outlook for the 2026 budget balance from 1% to 1.3%.
Public transport is ‘investment, not cost’ – new minister
"If we think about it strategically, it will always be strictly an investment, an investment in our future, an investment in our planet", said infrastructure minister Miguel Pinto Luz.
Tourism hopes new economy minister will prioritise sector
The government taking office will have 16 ministries, one less than the previous one, and the Economy will be linked to the Territorial Cohesion portfolio, with Manuel Castro Almeida at the helm.
President expects to swear in new government Thursday
Luis Montenegro is expected to present the new government cabinet to the President this wednesday.
Brussels calls for quicker implementation of RRP measures
The European Commission wants countries to include in Recovery and Resilience Plans (RRPs) only measures that can be implemented by August 2026, with payments ending in December of that year.
Portugal expected to maintain 1.9% GDP growth in 2025, 2026
The OECD's new economic forecasts put Portugal's growth at 1.9% this year and in 2026, and a return to a budget deficit next year of 0.3% of GDP.
Contact centre wages rise by more than 4%
The average salary of contact centre operators rose 4.4% in the last year, reaching 973 euros gross per month. Open-ended contracts have become more prevalent in the sector.
Legal applications for almost 34,000 foreigners rejected
Cabinet office minister António Leitão Amaro said on Monday that a thousand notifications of voluntary departure have already been issued.
Five Portuguese schools in FT ranking for executive training
Nova SBE consolidates its leadership among Portuguese business schools, climbing 11 places in the open training ranking. Católica, ISEG, ISCTE, PBS/FEP also feature in the ‘Financial Times’ list.
Public debt exceeds 280 billion euros for the first time
Public debt increased in April for the fifth month in a row, pushing the debt stock to a record 280.9 billion euros, equivalent to more than 97% of GDP.
IMF begins in-depth exam of Portugal’s financial system
Two decades later, the IMF is once again evaluating the Portuguese financial system. The process kicked off this week with the first meetings and should be completed by June 2026.
Are bank deposits safe? “It’s safe to lose money”
At a conference in Lisbon, European Commissioner Maria Luís Albuquerque defended the new Savings and Investment Union. But she guaranteed that everyone will continue to be able to invest as they wish.
BA Glass loses 60% of profits and closes factory in Greece
The integration of acquisitions in Mexico and Poland put pressure on the profitability of the Portuguese glass packaging giant, which stopped several production lines and closed a factory in Athens.