Santos Pereira wants a Portuguese-speaking financial front

ECO News,

Amid calls for greater cooperation and the defence of central banks' monetary independence, Santos Pereira wants to strengthen the weight of Portuguese-speaking economies in the global chess game.


Special The State budget for 2026 has zero margin for the opposition

ECO News,

The budget surplus forecast for next year is €230 million. The government is taking precautions and shifting responsibility to the opposition if the debate in Parliament leads to increased spending.


Govt. plans to spend more €772 million on defence in 2026

ECO News,

The executive will increase defence spending by €772 million, a strategy in line with the commitment to meet NATO's target of investing 2% of GDP in the sector.


Government scraps banking tax after court rules it illegal

ECO News,

It's one of the new things in the proposed State Budget for 2026: the extra solidarity tax on banks is gone. The government will no longer get €40 million in annual revenue.


Tourists look for more than just sun and beaches in Portugal

ECO News,

The focus on nature tourism, religious tourism and wine tourism has helped to reduce seasonality and spread tourists throughout the country.


“The days of proudly standing alone are over”, says TAP CEO

ECO News,

Luís Rodrigues, CEO of TAP, says there are "immense opportunities" for growth in Brazil and in the maintenance and engineering business.


Portugal in the global top 10 for ‘clean’ electricity

ECO News,

This highlight appears in the “Renewables 2025” report, published on Tuesday, in which the International Energy Agency points out that renewable capacity is set to more than double by 2030.


Special Trump’s talent tax is a hook to attract professionals

ECO News,

Cutting red tape, fast-tracking visas and promoting Portugal as a global innovation hub are the suggestions from entrepreneurs, incubators and funds to boost talent attraction.


F1 may return to Estoril if council can buy Autodrome  

Lusa,

The Cascais Council, in the district of Lisbon, said it intends to acquire the Estoril Autodrome through a purchase from Parpública, which aggregates the State's holdings in companies.


Mota-Engil signs €700M deal with Petrobras in Brazil

Lusa,

A consortium that includes Mota-Engil's Brazilian subsidiary has signed a new contract worth €700 million with Brazil's Petrobras, to be completed in 50 months.


Revolut officially joins MB Way

ECO News,

Revolut, which has surpassed two million customers in Portugal, anticipates becoming "one of the three largest" financial institutions in the country with full connection to the Multibanco network.


Portugal records highest increase in house prices in the EU

ECO News,

Both year-on-year and quarter-on-quarter, no other European Union country saw such a dramatic rise in house prices in the second quarter of this year.


Experts struggle to obtain data on Iberian blackout

ECO News,

The first report on the blackout delves into the events, but does not draw conclusions or make recommendations. That will be left to the final document, to be released in 2026.


Álvaro takes office as Governor of the BdP on 6 October

ECO News,

Government will appoint the OECD's chief economist and former Minister of Economy under Passos Coelho this Friday. The inauguration ceremony for Mário Centeno's successor will take place on Monday.


M&A tables only capture up to 20% of the market

ECO News,

KPMG Advisory Leader João Sousa Leal says that the lack of data complicates investment plans. Investor Lourenço Mayer, from Lince Capital, describes the country as "somewhat opaque" in this area.


Assets of former TAP SGPS cover only a tiny part of the debt

ECO News,

Closure and liquidation are considered inevitable as the company is no longer active. TAP and Azul are claiming debts in excess of €1.28 billion. Assets amount to less than €30 million.


What changes with the new version of the Foreigners Law?

ECO News,

In the new version, the two-year limit for family reunification is eliminated for spouses or civil partners, provided that there are minor or incapacitated children in the household.


Balsemão now admits to selling control of SIC and Expresso

ECO News,

Within four days, Impresa has evolved in its disclosure to the market about the deal with Italy's MFE. It now admits that the sale of control of SIC and Expresso “is not out of the question.”


Tourism grew 0.9% in August and set a new record

ECO News,

The increase in activity in the tourism sector was due to growth in overnight stays by residents, as there was a slight drop in foreign visitors.


Italian MFE wins support from Impresa shareholders

ECO News,

Amidst cuts and bets by two of Impresa's main shareholders, both share the idea that Italy's MediaForEurope could be the national company's lifeline.


Government negotiates with Brussels to end ISP discount

ECO News,

The Executive confirms that it has received a letter from the European Commission urging an end to the ISP reduction and says it is in contact with Brussels to find a solution.


Air France promises TAP partnership for the US

ECO News,

The CEO of the Franco-Dutch group admits to including investment in a maintenance operation, the production of sustainable fuels and a Transavia base in a proposal for the purchase of TAP.


Air France CEO sees Govt. wanting to exchange shares in TAP

ECO News,

Investing in TAP only makes sense if the Franco-Dutch group can manage the Portuguese company "without interference", even though the majority of the capital will remain public, says Benjamin Smith.