Blackout delays factory orders and affects ‘reputation’
Monday's power failure in Portugal forced industry to halt production and many factories are already admitting delays in deliveries.
Electricity supply back to normal in Portugal
"We now have practically all services, including energy supply, restored”, Cabinet office minister António Leitão Amaro told Lusa.
PM orders independent blackout review
Portugal's prime minister announced on Tuesday that the government will set up an independent technical commission to assess the electricity systems of the countries affected by Monday's power outage.
Government targets two power plants for black start function
The government wants to include the Baixo Sabor and Alqueva power stations in the "black start" function, i.e. autonomous start-up of the electricity system.
Airports fully operational after Monday’s power outage
A widespread power cut affected Portugal and Spain on Monday from 11.30 a.m. onwards, and the authorities have yet to provide an explanation.
Tariffs shake up M&A. Investors “hit the brakes”
The negotiation and due diligence processes are taking longer and there are no guarantees of success. Advisors have been supporting entrepreneurs on risk mitigation amid fear of tariffs impact.
Almost 60,000 women work in portuguese IT sector
In Portugal last year, 59,600 women worked in the area of information and communication technologies (ICT), which represents 22.7% of the sector, according to Eurostat.
Feedzai buys Australian Demyst for 100 million dollars
The Portuguese financial fraud detection and prevention technology company has bought Australian company DemystData, which specialises in accessing data that can feed artificial intelligence (AI).
Government asks to trigger Defence spending exception clause
The Ministry of Finance will ask Brussels to activate the "national derogation clause" so that it can spend on Defence without jeopardising compliance with budgetary rules.
US to re-evaluate restrictions on Portugal’s chip purchases
The decision not to include Portugal on the list of US allies, subjecting the country to restrictions, was a surprise. There is still room for change, but proximity to China is an annoyance.
Rainfall in Q1 helps swell renewables to 91% of EDP output
EDP's total electricity production increased by 5% in the first quarter of 2025, to 18.3 TWh [terawatt hours], with renewable energies accounting for 91% of total production.
REN buys electricity transmission company in Chile
The agreement for the acquisition of TENSA was made with CMPC, one of the largest industrial groups in the forestry and pulp and paper production sectors in Latin America, REN pointed out.
EDP CEO: “We’ve never been a Chinese company”
Ten EDP shareholders control 60% of the capital, which is why Stilwell d'Andrade rejects the idea that the company is Chinese. And he defends the importance of renewables in the company's future.
Government leaves state out of Novobanco sale
The Executive has requested an opinion from the State's legal centre to assess whether it is still in a position to decide on the sale of the Directorate-General for the Treasury and Finance's stake.
Environment agency rejects Argemela lithium mine
The concession contract with Neomia—Minérios Argemela (Almina Group) was signed in 2021, but the mining could only start after favourable or conditionally favourable Environmental Impact Assessment.
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.
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.
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.