TAP stake on sale valued near €1 billion
An evaluation prepared for ECO values TAP at about five times its 2015 privatisation level, as binding bids from Air France-KLM and Lufthansa are due this week.
EDP Renováveis sells US solar and battery stake
EDP Renováveis has agreed to sell 80% of a US solar and battery portfolio, highlighting the importance of the American market to the Portuguese group’s investment plan.
Meo and Thales seek role in EU IRIS2 satellite network
Portugal’s Meo and Thales plan a joint bid to support the EU’s IRIS2 satellite constellation, a project aimed at secure European connectivity.
Mutares seeks Efacec compensation from Portuguese state
Mutares has asked Portugal’s state holding Parpública to cover Efacec liabilities under the sale contract, but part of the claimed amounts remains disputed.
Galp first-half profit jumps 44%, plans higher dividend
Galp’s first-half profit rose to €812 million as higher oil prices lifted earnings, prompting the Portuguese energy group to plan a 10% increase in its annual dividend.
ANA unveils Lisbon airport project with €7.9bn-€8.9bn cost
ANA has presented the technical design for Lisbon’s new airport, with an estimated cost of €7.9 billion to €8.9 billion, advancing one of western Europe’s biggest infrastructure projects.
European space spending rose 12% on defence push
Europe increased public space spending by 12% to €13.5 billion last year, bucking the global trend as defence budgets gained weight in the sector.
VW cuts raise fears for Portugal auto suppliers
Portugal’s auto parts industry says Volkswagen’s planned production cuts could hit local suppliers, adding to expectations of another year of falling sales and job losses.
Portugal prepares NATO satellite surveillance entry
Portugal is preparing to join NATO’s APSS satellite surveillance initiative using its national Atlantic Constellation assets, linking its space programme to allied defence missions.
Mota-Engil wins €185 million in new Mexico contracts
Portugal’s Mota-Engil has secured two transport infrastructure contracts in Mexico worth about €185 million, expanding its order book in a key overseas market.
Portugal tightens rental rules and eases rent controls
Portugal’s government approved tougher tenant default rules and brought forward the end of rent controls on new leases, in a move aimed at boosting confidence and rental supply.
Algarve tourism slows as overnight stays edge down
Portugal’s top tourism region saw overnight stays fall 0.2% in 2025, even as revenue rose, highlighting a shift toward value growth and exposure to seasonality.
Portugal becomes EU’s ninth most populous country
Portugal has moved up to ninth place in the EU by population after a revision to resident estimates, as the bloc’s population rose for a fifth straight year.
ICEYE opens Lisbon hub as it expands in Portugal
Finnish satellite maker ICEYE has opened a Lisbon centre focused on software, systems integration and AI, deepening its expansion in Portugal’s growing space sector.
Govt requests suspending EU border system beyond September
“We would welcome the Commission providing, before 6 September 2026, concrete written assurances regarding this specific flexibility”, states Portugal, along with seven other countries, in a letter.
Portugal drew 29.9 million foreign tourists in 2025
Portugal’s tourism sector kept growing in 2025, but more slowly, with domestic demand outpacing foreign markets and reducing reliance on international visitors.
Number of new companies falls 4.1% in H1
When comparing first halves of the year, this is the lowest figure since 2023, Informa D&B said, following a new all-time high in business start-ups reached in 2025.
Portugal plans overhaul of business licensing rules
Portugal’s government plans a new code for business licensing, aiming to cut delays and uncertainty for companies through faster approvals and fewer prior inspections.
Castlelake’s EasyJet bid may lift TAP sale valuation
Castlelake’s £5.5 billion move on EasyJet could support a higher valuation for TAP as Portugal advances the airline’s partial privatisation.
Tekever buys Portuguese AI startup Cloudsweep
Tekever has acquired Portuguese startup Cloudsweep, deepening its AI push as the defence technology group expands software and autonomous systems capabilities.
Portugal reviews foreign investment screening overhaul
Portugal is weighing how to implement new EU rules that will make prior approval mandatory for foreign investment in sensitive sectors by 2028.
Largest increase in defence spending in last decade in 2025
Analysing the annual trend in expenditure since 2015, it is clear that Portugal had never before increased its investment in this area so significantly in a single year.
Permira buys stake in Portugal’s Quadrante
Permira has acquired a stake in Portuguese engineering group Quadrante to back its international growth, with a particular focus on expanding in the US.
Another 360 officers bolster airport immigration service
367 officers will be deployed to the airports in Lisbon (170), Porto (78), Faro (69), Funchal (29), and the Azores (21), and will continue to carry out duties at these posts after the placement.