President clears Portugal housing tax relief package
Portugal’s president has signed off on housing tax cuts, including 6% VAT on some homebuilding and lower rental income tax, clearing the way for the measures to take effect.
Portugal’s NHR tax break cost state €1.7bn in 2024
Portugal’s non-habitual resident tax regime cost the state €1.741 billion in 2024, nearly triple the 2019 level, as an audit flagged control weaknesses.
Altice converts €2.5bn of Meo debt into equity
Altice International has converted €2.5 billion of intragroup debt at Meo into equity, a move the company says is aimed at strengthening liquidity and long-term financial stability.
Sonae tops 1,000 stores abroad as overseas sales rise
Sonae ended 2025 with more than 1,000 stores outside Portugal, with international operations generating €2.3 billion, over 20% of group sales.
Portugal promises AI licensing portal by year-end
Portugal’s government says a new AI-based portal will bring urban, environmental and industrial licensing into one place and cut approval times to days or weeks.
UK’s Space Forge weighs semiconductor plant in Portugal
Space Forge has opened an Azores subsidiary and is studying a semiconductor materials plant in Portugal, with construction targeted for 2027.
Free public transport gains ground in Portuguese cities
More Portuguese municipalities are moving toward free public transport, with Porto and Viseu expanding the trend as local leaders debate cost and regional impact.
Portugal’s top banks lift Q1 profit to €1.3 billion
Portugal’s five biggest banks raised first-quarter profit to €1.3 billion despite lower interest margins, underlining the sector’s resilience as mortgage lending accelerates.
Portugal turns more cautious on debt sales as yields rise
Portugal’s debt agency says Middle East tensions are forcing a more selective approach to bond issuance as borrowing costs rise across the curve.
Golden visa holders plan lawsuit over nationality law
More than 500 golden visa holders, mostly Americans, are preparing legal action against Portugal over the new nationality law.
Lisbon art fair opens with sales already completed
Lisbon’s LAAF art and antiques fair opens on Saturday with 39 exhibitors and more than 5,000 pieces, as organisers push to position it as a cultural event as well as a market.
CTT first-quarter profit falls 18% despite revenue growth
Portugal’s CTT posted a 17.6% drop in first-quarter net profit as storms and Middle East disruption outweighed strong revenue growth, highlighting pressure on operations.
Jerónimo Martins Q1 profit falls 7%
Jerónimo Martins posted a 6.8% drop in first-quarter profit despite higher sales, as cautious food spending and rising costs weighed on the Portuguese retailer.
EDP raises 2026 targets after strong start to year
Portugal’s biggest company lifted its 2026 guidance by about 5%, signalling stronger earnings visibility across its power, networks and renewables businesses.
BCP CEO plays down concerns over possible Fosun exit
BCP CEO Miguel Maya said he is not worried about a possible Fosun exit, arguing the Portuguese bank is in strong shape and can still attract investors.
EDP CEO says windfall tax on power profits is unjustified
EDP’s chief executive said a planned Portuguese windfall tax does not make sense for electricity, arguing the company’s first-quarter profit fell 12%.
Corticeira Amorim Q1 profit falls 6.5% on weaker demand
Portugal’s Corticeira Amorim reported a 6.5% drop in first-quarter profit as weaker customer demand and a stronger euro against the dollar weighed on sales.
Portugal to propose windfall tax on energy firms
Portugal will present a proposal to tax energy companies’ windfall profits, reviving a 2022-style measure as fuel prices rise again.
EDP Renováveis Q1 profit rises to €70 million
EDP Renováveis posted a 36% rise in first-quarter profit, helped by US capacity growth and lower costs, even as power sales and investment fell.
Start Campus in Sines to add 66,000 AI chips for Microsoft
Portugal’s Start Campus will receive more than 66,000 Nvidia AI chips from Nscale from late 2027, expanding computing capacity in a project tied to Microsoft.
TAP flags ex-CEO’s €5.9m claim as a contingency
TAP has listed former CEO Christine Ourmières-Widener’s €5.9 million claim for alleged unlawful dismissal as a contingency in its 2025 accounts, though it says an adverse outcome is unlikely.
Mitsui cuts CaetanoBus stake after €15m capital increase
Japan’s Mitsui did not join a €15 million capital increase at CaetanoBus, cutting its stake as the Portuguese bus maker restructures after major order cancellations.
US tariff threat adds pressure on Portugal’s auto sector
A planned rise in US tariffs on EU cars to 25% is adding to cost pressures for Portugal’s auto industry, which is already facing higher energy, logistics and raw-material costs.
Portugal’s public debt rose to 91% of GDP in Q1
Portugal’s Maastricht public debt rose to 91% of GDP in the first quarter, a key metric for EU budget rules and investors tracking the country’s fiscal position.