Government receives TAP privatisation report
Portugal’s government has received Parpública’s assessment of bids for 44.9% of TAP, a key step in the sale of nearly half the state-owned airline.
DBRS says Portugal is among least hit by higher debt costs
DBRS says Portugal is among the euro zone countries least exposed to rising sovereign borrowing costs, helped by stronger growth, debt dynamics and budget trends.
TAP slips into operating loss as bidders stay profitable
TAP posted a first-half operating loss as fuel costs surged, while Lufthansa and Air France-KLM remained profitable ahead of a key step in Portugal’s privatisation process.
Portugal among Europe’s fastest-growing wind markets
Europe is heading for a record year in wind power installations, with Portugal among the top 10 for onshore capacity growth, according to WindEurope.
Portugal rents may rise by up to 2.56% in 2027
Residential rents in Portugal may increase by up to 2.56% from January 1, 2027, based on August inflation data used to set the annual rent update coefficient.
Exports lift Portugal’s GDP as investment slows
Portugal’s economy grew 0.8% in the second quarter, driven by exports, but economists told ECO that weaker investment could become a concern.
Portugal’s PRR changed the country, but not structurally
As Portugal reaches a key PRR deadline, economists and former officials told ECO the EU-funded plan boosted investment but did not fundamentally change the economy.
TAP first-half loss widens to €99.2 million
TAP’s first-half net loss widened 40% to €99.2 million as higher fuel costs outweighed revenue growth, a key development as Portugal moves ahead with the airline’s privatisation.
Parpública to submit TAP bids report on September 1
Portugal’s state holding company will send the government its assessment of binding bids for 44.9% of TAP, a key step before ministers choose a buyer.
Meo EBITDA falls 7.5% as competition hits margins
Portugal’s Meo reported flat first-half revenue and a 7.5% EBITDA drop, saying its restructuring should deliver more visible benefits over the coming quarters and in 2027.
Mota-Engil first-half profit rises 24% to €74 million
Portugal’s Mota-Engil reported higher first-half profit and a record order book, pointing to stronger activity ahead despite a rise in net debt.
Four Portuguese firms sign Saudi expansion deals
Four Portuguese technology and healthcare companies are set to sign agreements with Saudi investors, highlighting growing business links and market access in the Gulf.
Douro wine region faces grape glut as sales weaken
Portugal’s Douro has more grapes and unsold wine stocks than the market can absorb, squeezing growers and raising pressure on one of the country’s key export regions.
Douro split over vineyard cuts and local spirit plan
Portugal’s Douro wine region is weighing vineyard removals and local distillation to tackle a long-running surplus, but growers, companies and local leaders remain divided.
Mota-Engil set to sign Congo rail concession,
Portugal’s Mota-Engil is due to sign a 30-year rail concession in Congo, extending its role in the Lobito Corridor and potentially unlocking up to $1 billion in US backing.
Mota-Engil adds €685m to backlog with Nigeria, Peru jobs
Portuguese builder Mota-Engil said new work in Nigeria and Peru will add about €685 million to its order backlog, strengthening exposure to transport infrastructure in Africa and Latin America.
Portugal green hydrogen pipeline thins as few projects near…
Only about a quarter of Portugal’s green hydrogen projects have been cleared to proceed, with a handful nearing start-up as developers wait for clearer rules and support.
TAP targets defence to expand maintenance business
TAP says rising defence spending in Europe could help grow its maintenance unit, with the airline also seeing privatisation as a possible accelerator.
Volkswagen says Autoeuropa keeps ID.Every1 plan
Volkswagen told ECO it still plans to build the production version of the ID.Every1 at its Palmela plant, despite a global restructuring that could reshape European output.
CTT sees EU rule changes opening door to acquisitions
CTT says new EU e-commerce rules are reshaping logistics flows and could create acquisition opportunities as smaller customs operators struggle with added complexity.
Portugal joins push for EU debate on windfall tax
Portugal and five other EU countries want ministers to discuss a common windfall tax on energy profits in September, seeking a coordinated response to higher energy prices.
Five Portuguese defence companies to watch
ECO/eRadar has identified five Portuguese defence-linked companies whose expansion plans and projects could shape a fast-growing sector with international reach.
Belenenses plans APEX-backed football company
Belenenses wants to open its football company to investment platform APEX, a move aimed at funding growth and supporting a return to Portugal’s top league.
Estrela da Amadora sells 90% of SAD for €40 million
Portugal’s Estrela da Amadora has agreed to sell 90% of its football company for €40 million to a German investor group, in a deal that values a top-flight club asset.