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.
Benfica open to buying 16% stake at market price
Benfica says it could buy a16% stake held by José António dos Santos, but only at market prices, as the club values itself at over €1 billion.
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.
Wine appellations group seeks nationwide crisis aid
Portugal’s wine appellations association says a €12 million Douro aid package should be extended nationwide as grape sales and prices come under pressure.
Portuguese businesses urge fuel price relief
Business groups in Portugal want broader and longer-lasting support as fuel prices rise above €2 a litre, warning of pressure on jobs, margins and competitiveness.
Portuguese state completes purchase of 13.7% in REN
Portugal’s state holding company has completed the purchase of a 13.7% stake in grid operator REN, marking Amancio Ortega’s full exit from the company.
ANA seeks higher airport charges in Lisbon, Porto and Faro
ANA has proposed raising regulated airport charges from January 2027, a move that could affect airline costs at Portugal’s three main airports.
Portugal places five management masters in FT top 100
Portugal has five management masters in the Financial Times global top 100, with Nova SBE rising to No. 2 for the first time.
Vila Galé targets more than 60 hotels in next growth push
Portuguese hotel group Vila Galé says it is entering a new expansion phase, with 14 projects under way as it aims to grow beyond 60 hotels.
Fitch upgrades Portugal to A+ with stable outlook
Fitch raised Portugal’s sovereign rating to A+, citing stronger public finances, a move that supports the country’s standing with international investors.
Crédit Agricole files €1bn claims over BES collapse
France’s Crédit Agricole group has filed two lawsuits worth more than €1 billion over the collapse of BES, targeting former executives and Rioforte.
PSI companies post record first-half profits of €3.66bn
Listed companies in Portugal’s PSI index posted record first-half profits, with energy and banking driving gains and pointing to another strong year for the market.
Galp completes TotalEnergies partnership in Namibia
Galp has completed its strategic deal with TotalEnergies in Namibia, reshaping its offshore portfolio and deepening exposure to one of the world’s most promising new oil and gas areas.
Portugal M&A activity drops 28% through August
Portugal recorded 327 deals worth €5.4 billion in the first eight months of 2026, with both volume and value down sharply from a year earlier.
Douro growers warn of unsold grapes and vineyard exits
In Portugal’s Douro wine region, small growers are struggling to sell grapes as costs rise, raising risks for incomes in a key export-producing area.
Brussels accepts Portugal’s return to REN, minister says
Portugal’s energy minister said the European Commission reacted positively to the state’s return to REN, citing energy security and sovereignty concerns.
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.