Portugal inflation rises to 3.8%, highest since May 2023
Portugal’s annual inflation rate accelerated to 3.8% in October, the highest since May 2023, in a sign that price pressures are picking up again.
Dakar Rally to return to Portugal in 2027
The Dakar Rally will start in Portugal in January 2027 before moving to Morocco, marking the event’s return to Portuguese territory after two decades.
Portugal’s economy slows to 0.2% growth in third quarter
Portugal’s GDP rose 0.2% quarter on quarter and 2.4% year on year in the third quarter, showing a slowdown that matters for the country’s 2026 growth outlook.
Dubai VC firm picks Lisbon for European base
BY Venture Partners has opened a Lisbon office as its European headquarters and launched a €53.5 million fund focused on early-stage AI companies.
Konica Minolta targets €50m sales in Portugal by 2030
Konica Minolta plans to bring its sensor business to Portugal from Japan, aiming to lift local revenue to €50 million by 2030 and expand hiring in Lisbon.
BCP profit rises 12.6% to €873.7 million by September
Portugal’s BCP raised nine-month profit to €873.7 million, helped by Poland and higher net interest income, and lifted its profitability target to 2028.
Jerónimo Martins profit falls 14.5% through September
Jerónimo Martins posted lower nine-month profit despite higher sales, as price pressure in Poland weighed on the Portuguese retailer’s performance.
Portuguese residents cut travel for first time in two years
Residents in Portugal made fewer trips in the second quarter, as a drop in domestic travel outweighed continued growth in trips abroad.
Alentejo pushes golf as tourism growth driver
Portugal’s tourism authorities are backing golf in Alentejo after a 25.2% rise in play in the first half, as Comporta prepares to host a high-profile tournament.
Portugal triples housing tax take in a decade
Portugal collected about €16.8 billion from property transaction taxes over the past decade, showing how the housing boom has boosted public finances.
Galp open to separate partners for retail and refining
After talks with Spain’s Moeve collapsed, Galp said it may seek different partners for its retail and refining businesses, keeping consolidation options open.
Tekever sells drones to US special operations command
Portugal’s Tekever has sold unmanned aerial systems to USSOCOM, strengthening its position in the US defence market after operational testing.
Galp posts record Q3 profit, lifts 2026 EBITDA target
Galp’s third-quarter net profit jumped 68% to a record €682 million, beating analyst forecasts and prompting another upgrade to its 2026 EBITDA target.
Galp still open to deals after Moeve talks collapse
Galp chair Paula Amorim said the Portuguese energy group remains attractive for consolidation after failed talks with Spain’s Moeve, a setback watched closely by investors.
Galp and Moeve end merger talks without a deal
Galp and Spain’s Moeve have ended talks to combine refining and fuel retail assets, dropping a plan that could have created a major Iberian downstream operator.
Galp-Moeve Iberian fuels deal at risk of collapse
Galp’s planned tie-up with Spain’s Moeve is in a critical phase and may collapse, raising questions over the future of Portugal’s Sines refinery.
Unbabel sold for $5.7 million after $250 million talks
Portugal’s Unbabel sold its assets for $5.7 million after merger talks earlier in 2025 valued the startup at about $250 million, highlighting a sharp collapse before insolvency.
Portugal sees euro zone’s third biggest debt drop
Portugal expects its debt-to-GDP ratio to fall by 3 points in 2027, one of the largest declines in the euro zone and a key signal for investors tracking fiscal discipline.
Portugal tops OECD housing affordability decline
Portugal saw the sharpest worsening in housing affordability in the OECD in 2025 and over the past decade, highlighting mounting pressure on households and the property market.
Portugal posts euro zone’s fourth biggest debt drop
Portugal cut its public debt ratio by 3.4 points over a year, the euro zone’s fourth biggest decline, but still had the bloc’s sixth highest debt burden.
Portugal sets red lines on EU budget funding plans
Portugal says it will not back EU own-resources plans that divert revenue from its national budget, while supporting more common debt for defence and emergencies.
Panzani deal takes Cerealis into France and sauces
Cerealis’s planned purchase of Panzani would open the French market and add pasta sauces, accelerating the Portuguese food group’s expansion by acquisition.
Continental Mabor to build tech hub in Famalicão
Continental Mabor is building a technology competence centre in northern Portugal, bringing together about 500 staff in a move that expands its industrial base in Famalicão.
Nos, Telefónica strike defence technology partnership
Portugal’s Nos and Spain’s Telefónica have agreed to develop defence and security solutions, highlighting cross-border telecoms cooperation in Europe’s defence push.