NOS sets up company to enter security and defence
Telecom operator NOS has created a new company focused on security and defence, positioning itself in a fast-growing sector tied to European strategic investment.
Portugal raises €249m in debut offshore yuan bond
Portugal has issued its first “Dim Sum” bond, raising €249 million in offshore yuan, expanding its funding base beyond Europe at a time of high interest rates.
Storms lift EDP power output 4% in first quarter
EDP increased electricity production by 4% in the first quarter, as successive storms boosted renewable generation, highlighting weather-driven volatility in energy markets.
Banks return nearly 70% of profits to shareholders
Portuguese banks are distributing close to 70% of profits to shareholders, highlighting strong payouts as sector earnings reach record levels.
EDP puts 3 US offshore wind projects into “hibernation”
CEO of the utility told Bloomberg the company has postponed final investment decisions on offshore wind to avoid potential losses.
Impresa aligns with MFE on pan-European strategy
Just over a month after MFE acquired Impresa, Francisco Pedro Balsemão points out that the areas with the greatest potential for synergy are revenue, advertising, technology and content sales.
Portugal joins 17 EU defence fund projects
Portugal will take part in 17 projects backed by the European Defence Fund, tying local companies, research bodies and public entities into a €1.07 billion EU defence investment round.
Two changes in the BCP executive committee. Maya reappointed
There are two changes to BCP’s executive committee and a further five to the board of directors, which will welcome Madalena Tomé, former chair of SIBS.
Portugal’s top bank CEOs earned €7.4 million in 2025
ECO reports that pay for the five biggest bank CEOs in Portugal rose nearly 17% in 2025, after a year of record profits and Novobanco’s sale to BPCE.
Airport passengers hit new record of 4.5 million in February
Lisbon airport accounted for 55.6% of all passengers in the first two months of the year, handling 4.9 million people. This represents a 3.4% year-on-year growth.
Portugal is far from energy crisis threshold – minister
“We are not yet at that stage and I think that at the moment we are actually far from meeting those criteria”, Maria da Graça Carvalho said.
Brands Capital Sports is set to launch a sports tourism plan
The plan, which is due to be presented by the end of May, includes initiatives such as summer camps, similar to those organised by Benfica, FC Porto, Sporting CP and SC Braga.
Food, diesel and new clothes lead price rises in March
With diesel costing 17% more than in February and the price of many food items soaring by more than 20% in a year, March put even more financial pressure on households, with new clothes climbing 31%.
EDPR shareholders back English name and scrip dividend
EDPR approved a switch to an English corporate name and a 2025 stock dividend, aligning branding and keeping a flexible payout structure for investors.
Portugal moves labour reform to social dialogue
Portugal’s government has moved its labour law reform to the formal social dialogue stage, with a Thursday meeting set to try to close talks after more than eight months.
Interview Benfica District’s licence will be issued by the summer
The Luz club’s mega-project is attracting international interest, reveals Benfica SAD’s CFO. However, Nuno Catarino stresses that it is still at a very early stage and depends on Lisbon City Council.
Fosun stands to make a €2.4 billion profit from BCP
The Chinese group has invested around €700 million in BCP over the past ten years. It may now be set to exit with a capital gain of around €2.4 billion – plus €260 million in dividends.
TAP 2025 profits take over 90% hit from corporation tax
In the fourth quarter of 2025 alone, TAP recorded a loss of €51 million, due largely to an external factor – a corporate tax adjustment of €42 million.
Galp buys 17 wind farms in Spain for estimated €320 million
“With this acquisition, Galp’s installed renewable capacity reaches 2 GW, with wind power now accounting for around a quarter of its total renewable production”, the company said.
Arrow Global and Start Campus step up investment in Portugal
Investment groups Arrow Global and Start Campus are reinforcing their commitment to Portugal and signalling ambitions to expand into Spain, part of a broader strategy to scale operations.
Novobanco winds down Africa operations ahead of sale to BPCE
With just a month to go before it changes hands, Novobanco has continued to streamline its operations and exit certain businesses. In recent days, the bank led by Mark Bourke has dissolved NB África.
Bondstone targets space and defence with €50 million fund
Bondstone has launched a €50 million VC fund to invest in deeptech startups, focusing on sectors such as space, robotics and defence. The aim is to build a portfolio of more than 25 companies.
Mergers and acquisitions fall 30% in first quarter
The M&A, private equity and venture capital market mobilised €989 million up to March, but the number of transactions involving Portuguese companies fell by 31%. Sword’s €285 million deal stood out.
Air France-KLM and Lufthansa make non-binding bids for TAP
The French-Dutch partnership and the German group told ECO they have submitted bids for a minority stake in portuguese airline TAP. IAG has shown interest, but reports say it prefers majority.