US seeks ‘fair chance’ to pitch F-35s to Portugal
Washington wants a “fair opportunity” to present the F-35 to Portugal as Lisbon prepares to replace its ageing F-16 fleet in a deal estimated at €5 billion.
Portugal government approves 2027 budget bill
Portugal’s government has approved its 2027 budget proposal and will send it to parliament on Thursday, starting a process that appears likely to clear its first key vote.
Pestana looks for more US hotels as demand grows
Portugal’s Pestana Group is scouting for more hotels in the US after strong results there, as American tourism gains weight for Portuguese hospitality and airlines.
Mario Centeno joins Abanca group insurer board
Former Bank of Portugal governor Mario Centeno will join Abanca Vida y Pensiones after his cooling-off period ended, marking a rare move into the private sector.
Portugal renews 5G curbs on high-risk suppliers
Portugal has renewed restrictions on high-risk 5G suppliers after a new security review, extending a policy that effectively shut Huawei out of the market.
TAP sale proceeds to reach Portugal only in 2028
Portugal expects no public debt impact from the sale of 49.9% of TAP before 2028, as EU competition clearance could take up to two years.
Imports account for nearly 40% of investment in Portugal
Almost €40 in every €100 invested in Portugal in 2025 was tied to imported goods and services, highlighting the economy’s reliance on foreign equipment and technology.
Bank of Portugal lifts 2026 and 2027 growth forecasts
Portugal’s central bank now expects the economy to grow 2.3% in 2026 and 1.8% in 2027, helped by EU recovery funds, tax cuts and pension support.
DKV Mobility to build Porto tech hub with 150 jobs
Germany’s DKV Mobility is opening a data and AI tech hub in Porto, aiming to hire about 150 specialists by 2027 to support products used across Europe.
Airbus eyes future Portuguese navy helicopter tender
Airbus says it is actively assessing Portugal’s future frigate helicopter renewal, a defence procurement opportunity that could shape a later phase of the navy’s fleet upgrade.
Draycott buys ECS from Davidson Kempner
Portuguese asset manager ECS is being sold to Draycott, expanding the buyer’s scale in alternative assets while Davidson Kempner stays on as a strategic partner.
Portugal rejects ‘begging contest’ in EU budget talks
Prime Minister Luís Montenegro said Portugal wants the next EU long-term budget to focus on solidarity, new revenues and competitiveness, not national bargaining.
Tiffany & Co to open first Portugal store in 2027
Tiffany & Co will enter Portugal with its first directly operated store in Lisbon in 2027, adding to a cluster of new LVMH luxury openings on Avenida da Liberdade.
Portugal backs Galp-Moeve deal if Sines is protected
Portugal will allow Galp’s tie-up with Spain’s Moeve if the deal protects the strategic role of the Sines refinery, the economy minister said.
Portugal’s Omnidea buys Orbex assets, eyes launcher push
Portuguese space company Omnidea has bought production assets and IP from insolvent UK group Orbex, adding launcher capabilities and preparing to seek capital for the project.
Portugal posts EU’s biggest house price rise in Q2
House prices in Portugal rose 16.5% year on year in the second quarter, the biggest increase in the EU, according to Eurostat.
Air France-KLM and Lufthansa submit final TAP bids
Air France-KLM and Lufthansa have filed improved binding bids for up to 49.9% of TAP, with Portugal’s government set to choose a winner by mid-October.
Portugal inflation rises to 3.6% in September
Portugal’s annual inflation rate rose to 3.6% in September, driven largely by fuel prices, in a sign of renewed cost-of-living pressure.
Portugal tourism revenue rises to €1.1bn in August
Portugal’s tourist accommodation sector generated €1.1 billion in August, outpacing growth in guests and overnight stays as foreign demand picked up.
Portugal joins push for EU 2040 renewables target
Portugal, Spain and Luxembourg have asked Brussels to set a clear 2040 renewables target, a move aimed at shaping the EU’s post-2030 energy framework.
Portugal invention filings jump 43% in first eight months
Portugal saw a sharp rise in invention and trademark filings in the first eight months of 2026, pointing to stronger demand for intellectual property protection.
Menzies, Swissport and Aviapartner eye SATA handling
Major European ground-handling groups are among 11 parties invited to bid for SATA’s Azores airport services business, part of an EU state-aid restructuring.
Sword Health signs AI deal with Brazil’s health system
Portuguese unicorn Sword Health has agreed to help deploy AI in Brazil’s public health system, a potentially major expansion for the company in one of the world’s largest healthcare networks.
Lisbon studies bid to keep Web Summit until 2038
Lisbon has asked Web Summit for the terms to host the event from 2029 to 2038, opening the way for a possible extension beyond the current contract.