Technology, the new diamond of Portuguese M&A

AI is the main driving force behind this trend, which is set to continue throughout 2025. The goals are to diversify the portfolio, have more clients, enter other countries or gain talent.

BCP will assess Novobanco

ECO News,

BCP's chairman said that the bank would not participate in a partial purchase of Novobanco shares but that in a possible direct sale, it would assess whether the acquisition would bring it advantages.


State development bank ‘has not had hoped-for impact’

ECO News,

Portugal's minister for territorial cohesion argued in parliament that the Banco Português de Fomento has not had the hoped-for impact and has "many shortcomings" - and promised to relaunch it.


Aga Khan and Portugal, a story of love and millions

ECO News,

Prince Aga Khan died on Tuesday in Lisbon. The world leader of the Ismailis made the Portuguese capital the world headquarters of the community.


EU court rejects Ryanair’s appeal against state aid to TAP

ECO News,

The General Court of the European Union (EU) rejected Ryanair's appeal on Wednesday against state aid totalling €1.2 billion given to TAP in 2020 during the COVID-19 crisis.Covid-19 crisis.


Aga Khan, Leader of the Shia Ismaili Muslims, Dies

ECO News,

Aga Khan, 88, Founder and President of the Aga Khan Development Network (AKDN) and Leader of the Shia Ismaili Muslims, Dies in Lisbon, Official Source Confirms to Lusa.


Bank of Portugal leaves X, moves over to rival BlueSky

ECO News,

The Bank of Portugal has decided to stop publishing content on the X social media and will create an institutional account on BlueSky, an official source from the central bank told Lusa on Tuesday.


Mortgage loans in Portugal jump to record in 2024

ECO News,

Young people up to the age of 35 were the main contributors to the increase in demand for home loans, which rose to 17.6 billion euros last year.


Minimum tax of 15% may hurt companies with fiscal benefits

ECO News,

Tax experts consulted by ECO point out that the international regime, which Portugal also joined last year, could increase taxation on national entities that enjoy a rate below 15%.


Former secretary of state denies conflict of interest

Lusa,

Hernâni Dias said in Parliement that he had communicated with the Transparency Authority to find out if his position allowed the creation of the companies that led to his resignation.


Possible listing of Novobanco good for stock market

ECO News,

The chairman of CMVM said on Monday, regarding Novo Banco's possible listing on the stock market, that the entry of more companies is always positive for the capital market.


Portuguese PM relies on “dialogue” to stop Trump’s tariffs

ECO News,

Luís Montenegro argues that the European Union must "demonstrate with arguments the virtues of having trade [with the US] that is not marked by an excessive tariff burden".


Ronaldo at 40 ‘the best goalscorer of all time’

ECO News,

On Wednesday, Portuguese forward Cristiano Ronaldo reaches his 40th birthday in a career full of records and trophies, and reaching 1,000 goals seems to be the ultimate career goal.


Public debt fell to 95.3% of GDP in 2024, lowest in 14 years

ECO News,

The public debt ratio fell to 95.3% of Gross Domestic Product (GDP) in 2024, down from 97.9% the previous year and the lowest figure since June 2010, the Bank of Portugal (BdP) announced on Monday.


Galp oil refining margin in Q4 up 12% on quarter

ECO News,

The refining margin of Portugal's Galp Energia in the last quarter of 2024 swelled 12% from the previous quarter, to $5.20 per barrel of oil, but was down 15% from the same period last year.


Consumer confidence indicator at highest level

Lusa,

Confidence indicators increased in services and slightly in trade, while they fell moderately in manufacturing and construction and public works.


TAP made a profit of 177 million in 2023

ECO News,

The airline achieved a net result of 177 million euros in 2023, below the 203 million recorded up to September. A loss of 26.2 million in the last quarter impacted the year's performance.


Portugal: Far-right biggest winner

Lusa,

The Portuguese didn't respond to the calls for a useful vote in Sunday's legislative elections, resulting in the "most fragmented parliament ever" and with Chega being the "big winner".


Retailer Jerónimo Martins to invest €1.2B

Lusa,

Portugal's retailing giant Jerónimo Martins plans to invest €1.2 billion this year, an amount that "also takes into account the initial investment" to launch  operations in Slovakia.


One week before elections main parties convinced of victory

Lusa,

More than 10.8 million Portuguese are expected to vote on Sunday to elect 230 deputies to the Portuguese Parliament. Eighteen political forces, 15 parties and three coalitions are running.


Civil engineering group Mota-Engil sees record €113M profit

Lusa,

The year 2023 was "characterised by a strong operating performance, achieving record levels of production in the Engineering and Construction (E&C) area", it stressed.


Opinion Managing uncertainty and accelerating a decarbonized world

Miguel Stilwell,

It is critical to accelerate investment and modernization of electrical infrastructure to accompany the renewables growth strategy, create stable and predictable regulatory contexts.


Centeno argues for caution in wage increases

ECO News,

The governor says that monetary and fiscal policies need to recognize the challenges of the labour market.


Stock market closes with benchmark up 0.7% led by BCP

ECO News,

The Lisbon stock market closed higher on Monday, with the PSI index rising 0.69 % to 6,572.24 points, supported by strong rises from BCP and Jerónimo Martins.