Fitch warns Portugal’s room for new aid is not unlimited
Fitch says Portugal has more budget flexibility to address living costs, but warns any new measures must preserve prudent fiscal policy and the country’s falling debt path.
Portugal extends airport handling licences by up to 2 years
Portugal’s government approved a temporary fix to extend airport ground-handling licences in Lisbon, Porto and Faro while a delayed tender for new operators is completed.
Portugal backs Meo-Thales bid for IRIS 2 gateways
Portugal will support a Meo and Thales bid to provide gateway services for the EU’s IRIS 2 satellite network, linking Portuguese teleport sites to a major European space project.
Azores Airlines sale draws airlines, funds and sector groups
Portugal’s Azores Airlines sale has attracted interest from airlines, financial investors and sector companies, as non-binding bids are due on Monday.
Mota-Engil ranks 55th among world’s biggest builders
Portugal’s Mota-Engil placed 55th in Deloitte’s global construction ranking, underlining the international reach of the country’s largest listed builder.
Rising jet fuel prices leave TAP more exposed
Jet fuel prices have jumped 76% since mid-June, leaving TAP more vulnerable than larger European rivals as fuel costs threaten earnings and could feed into ticket prices.
US university ties helped reshape Portugal
Portuguese academic leaders say two decades of partnerships with US universities helped internationalise higher education, startups and technology transfer.
Portugal may add Algarve to planned business park map
Portugal may create a seventh large business area in the Algarve, widening a plan to attract multinationals as capacity at Sines runs out.
Portugal to host 2027 Formula 1 race on June 20
Portugal will return to the Formula 1 calendar on June 20, 2027, with Portimão hosting the ninth race of the season after a six-year absence.
REN dividend case backed Portugal’s return, documents show
Documents reviewed by ECO show REN’s dividend record was a key factor in Portugal’s return to the grid operator, highlighting the financial logic behind the €389.8 million deal.
Prosecutors back TAP holding’s insolvency as non-culpable
Portugal’s Public Prosecutor has said the insolvency of TAP’s former holding company was accidental, weakening Azul’s bid to recover a €189 million claim.
State could raise REN stake to 20% to balance China
Portugal’s planned option to lift its REN stake to 20% is seen by specialists as a way to counterbalance Chinese shareholder State Grid in a strategic energy asset.
Euronext open to merger with Deutsche Börse
Euronext, owner of the Lisbon stock exchange, said it is open to a merger with Deutsche Börse, a deal that could reshape European capital markets.
TAP sold handling stake to Menzies for €1
TAP sold its 49.9% stake in Portuguese handler SPdH to Menzies for €1, completing an EU restructuring commitment while extending repayment of €13 million in debt to 2030.
Lightsource bp drops €242 million Beira solar project
Lightsource bp has cancelled its Beira solar project in Portugal, saying the scheme no longer met financial viability tests after changes flagged in environmental review.
Portugal targets up to 20% stake in grid operator REN
Portugal has instructed state holding company Parpública to buy up to 20% of REN, expanding the state’s role in the operator of the country’s power and gas networks.
Air France-KLM offers share swap option in TAP bid
Air France-KLM’s bid for 44.9% of TAP includes a share swap option for Portugal, adding flexibility to a sale process now entering bilateral talks.
More countries eye Web Summit after Lisbon deal ends
Startup Portugal says countries beyond Poland are interested in hosting Web Summit after Lisbon’s contract ends in 2028, raising the stakes for Portugal’s bid to keep the event.
Portugal to use REN stake to influence from within
Portugal’s government says its new 13.7% stake in REN will strengthen state influence over strategic energy networks amid geopolitical tensions.
Portugal targets mid-October decision on TAP sale
Portugal plans to name the buyer for 44.9% of TAP in mid-October, a key step in the airline’s privatisation before regulatory approvals push completion into 2027.
FT says IMF dropped Ricardo Reis after Trump criticism
The Financial Times says the IMF pulled back from naming Portuguese economist Ricardo Reis as chief economist, a move with political overtones at a key global institution.
SATA gets eight bids of interest for Azores Airlines sale
SATA has received eight expressions of interest for at least 75% of Azores Airlines, advancing a sale tied to EU state-aid commitments.
Portugal raises €1.63bn as borrowing costs jump
Portugal sold €1.63 billion of debt on Wednesday, with yields rising sharply as global bond market turmoil pushes up funding costs for sovereign issuers.
Portugal sees balanced budget despite new tax cut
Portugal’s finance minister said the budget can stay balanced despite an extra IRS cut and a pensioner bonus, but ruled out further fuel VAT relief.