General strike cancels 658 flights across Portugal
A general strike led to 658 flight cancellations in Portugal, with Lisbon and Ponta Delgada the hardest hit, disrupting nearly 45% of scheduled airport movements.
Lisbon airport queues hit shops but not tourist demand
Long waits at Lisbon airport’s border control are hurting retail and food sales, even as many tourists say they would still choose Portugal for holidays.
Karl Lagerfeld Residences launches sales in 10 markets
Sales have opened for Lisbon’s first branded residences project, targeting buyers in 10 countries as construction is due to start later this year.
Spanish banks eye Fosun’s stake sale in BCP
Spanish lenders are watching a possible sale of Fosun’s 20.45% stake in BCP, a move that could reshape Portugal’s banking market but may face political resistance.
Portuguese exports lose momentum amid weaker EU demand
Portugal’s goods exports fell 6.4% year on year in the first quarter, adding to concerns over weaker European demand and rising pressure from Asian competitors.
PSI companies lift Q1 profit 6% as banks, energy lead
Portugal’s PSI-listed companies increased first-quarter profit by 6%, with banks and energy groups driving growth despite storms and global instability.
Nvidia chip imports lift Portugal investment and GDP
Imports of Nvidia AI processors for a Sines data centre boosted Portugal’s first-quarter investment and fed into GDP growth.
Bank-insurer deals gain pace in Portugal
Potential deals involving BCP, Fidelidade, GamaLife and Lusitania show renewed momentum for bancassurance in Portugal, with hundreds of millions of euros at stake.
BPCE in exclusive talks to buy insurer GamaLife
France’s BPCE, fresh from its Novobanco deal, is in exclusive talks to buy Portuguese life insurer GamaLife in a move that would deepen its presence in Portugal.
Portuguese Air Force favors Lockheed Martin F-35
Portugal’s Air Force has ranked Lockheed Martin’s F-35A ahead of European rivals in an internal study for a future fighter jet purchase worth up to €5 billion.
Portugal to unveil 750 MW battery auction on June 29
Portugal will publish details of a 750 MW battery storage auction on June 29, alongside a national storage strategy, in a move relevant to energy investors and grid planning.
TAP maintenance unit emerges as key asset in privatisation
TAP’s maintenance and engineering business is growing faster than passenger transport and delivers higher margins, strengthening the airline’s appeal in its privatisation process.
Portuguese drone maker Tekever opens Estonia office
Tekever has opened an office in Estonia as it expands in defence markets and joins the country’s largest annual military exercise.
BCP launches share buyback worth up to €407.5 million
Portugal’s BCP will start a new share buyback on June 4, with a maximum value of €407.5 million, in a move equal to about 2.84% of its market value.
Portugal president warns journalism faces record pressure
Portugal’s president said journalism is under unprecedented pressure from social media and AI, warning that weaker media economics could damage democratic scrutiny.
Portugal home bank valuations hit new record in April
Banks valued Portuguese homes at a record €2,174 per square metre in April, up 16.5% year on year, in a sign that housing market pressures remain strong.
Porto mayor, FC Porto chief stress continuity at ECO event
At ECO’s anniversary festival in Lisbon, Porto mayor Pedro Duarte and FC Porto president André Villas-Boas said they took over demanding roles without breaking with past leaderships.
Nors profit falls 26% as group expands in Canada
Portugal’s Nors reported lower 2025 profit and sales, while investing nearly €15 million in two Canadian construction equipment deals to deepen its presence in that market.
Lockheed urges Portugal to keep single fighter fleet
Lockheed Martin told ECO that Portugal should avoid a mixed fighter fleet, arguing a single model would cut costs and simplify training, maintenance and European integration.
Portugal commercial property prices rose 10.1% in 2025
Commercial property prices in Portugal rose at their fastest pace since at least 2009 in 2025, highlighting continued pressure in the country’s real estate market.
TAP cuts first-quarter loss to €39.9 million
Portugal’s TAP narrowed its first-quarter loss as revenue rose 11%, but warned higher fuel prices will put pressure on the coming quarters.
TAP handling sale price hinges on licence tender outcome
Menzies says the price for TAP’s sale of its handling stake depends on whether it wins new airport licences, a factor tied to the airline’s privatisation process.
Menzies warns Lisbon airport bottlenecks hurt Portugal image
Menzies Aviation says bottlenecks at Lisbon airport are damaging the passenger experience in a country that depends heavily on tourism.
Brussels cuts Portugal growth view, sees return to deficit
The European Commission expects Portugal’s economy to grow 1.7% in 2026 and its budget to slip back into deficit, a more cautious view than Lisbon’s own forecasts.