Lufthansa bids cash only for TAP stake sale
Lufthansa has submitted an all-cash offer for TAP, while Air France-KLM had considered including shares, a key difference as Portugal nears a decision on the airline sale.
Tekever opens Germany base after first Bundeswehr delivery
Portuguese drone maker Tekever has opened a Munich operation after its first delivery to Germany’s armed forces, expanding in a fast-growing European defence market.
Portugal holds 9th place in EY foreign investment ranking
Portugal stayed ninth in EY’s European investment attractiveness ranking despite a 5% drop in foreign investment projects, with data centres and logistics seen as future growth areas.
IMF lifts Portugal growth forecast but stays below govt.
The IMF now sees Portugal’s economy growing 2.1% this year, about twice the euro zone pace, but its outlook remains below the government’s budget forecasts.
Ribera Salud sees more Portugal investment after sale
Ribera Salud expects its parent’s sale to bring fresh investment and possibly a bigger footprint in Portugal, a sign of further consolidation in the country’s healthcare market.
Portugal may have paid up to €537m for 19% of REN
Portugal has again withheld the price of its latest REN stake purchase, but ECO calculations suggest the state may have spent up to €536.6 million for 19%.
Airbus pitches Eurofighter as Portugal’s future option
Airbus told ECOnews the Eurofighter would give Portugal a sovereign defence platform and a role in future European combat systems as Lisbon weighs replacing its F-16s.
Kyndryl says AI will upend consulting industry
Kyndryl executive Ismail Amla told ECO that AI agents will reshape consulting and corporate workflows, with trust, security and workforce readiness now central to adoption.
Obama in Lisbon warns on AI security and US-China ties
Speaking in Lisbon, Barack Obama said AI is advancing faster than governments can regulate it, warning that US-China coordination on safety will be difficult.
Portugal export growth slows in August as trade gap widens
Portugal’s exports and imports both rose in August, but export growth slowed and the goods trade deficit increased, highlighting pressure on the country’s external balance.
Portugal may buy up to 5% of BCP to block Spanish buyers
Portugal’s government is considering a stake of under 5% in BCP if Fosun exits, aiming to keep the listed bank under what it sees as strategic national control.
Portugal’s 2027 budget banks on growth, tight fiscal room
Portugal’s 2027 budget targets a 0.1% surplus while relying on strong private investment, leaving little room under EU fiscal rules or for new spending measures.
Portugal to tighten foreign investment screening
Portugal is preparing a new law to apply tougher EU foreign investment screening rules, a move with implications for strategic sectors and overseas investors.
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.
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.
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.