Miguel Stilwell d’Andrade leaves EDP on the road to recovery
The CEO of EDP leaves behind an electricity company which, despite major setbacks in its results and share price, has managed to get back on its feet over the last two years.
Cristiano Ronaldo retires from Portugal national team
Cristiano Ronaldo said he is retiring from Portugal’s national team, ending a 23-year international career as the country’s all-time leading figure in men’s football.
Web Summit to reveal 2029 host city at 2027 event
Web Summit will announce during its 2027 edition where it will be held in 2029, leaving open whether Lisbon keeps the tech conference after its current contract ends in 2028.
EDP raises 2026 recurring profit target again
EDP has lifted its 2026 recurring profit target to as much as €1.5 billion, its third upgrade this year, pointing to stronger-than-expected performance across its businesses.
BYD weighs battery plant in Portugal’s Matosinhos
BYD is considering a battery plant in Portugal, with Matosinhos among the possible sites, in a potential boost to the country’s electric vehicle supply chain.
Novobanco raises €750 million in four-year bond sale
Novobanco sold €750 million of four-year covered bonds at about 3.62%, in a deal that drew demand above €1.5 billion.
EDP Renováveis quadruples nine-month profit to €440m
EDP Renováveis reported a fourfold rise in profit to September, helped by US performance and asset rotation gains, in a result closely watched by investors.
EDP CEO Miguel Stilwell to leave at end of mandate
EDP said CEO Miguel Stilwell d’Andrade will step down at the end of his current term in 2027, opening a succession process at one of Portugal’s biggest energy groups.
Novobanco profit falls 4.1% as sale to BCPE adds costs
Novobanco’s nine-month profit fell 4.1% after costs linked to its sale to France’s BPCE, a sign of the near-term impact of the ownership change.
Lufthansa expects faster EU clearance for TAP deal
Lufthansa said EU approval for its planned TAP stake should be quicker than the ITA case, a key issue for Portugal’s airline privatisation.
Portugal may concentrate its Galp stake in Sines refinery
Portugal’s government is considering concentrating its Galp stake in the Sines refinery, signalling a stronger focus on the country’s only active refinery.
Creative firm !F says AI raises value of original ideas
In an interview with ECO, Hugo Veiga said !F Creative Capital made more than €1 million in its first year as it bets on creativity as a business asset, not a final-stage service.
Portugal to sign TAP sale deal with Lufthansa Tuesday
Portugal will sign the sale of up to 49.9% of TAP to Lufthansa on Tuesday, advancing the airline’s partial privatisation and opening talks on a possible full sale.
Portugal to sign €590m KC-390 sale to Greece
Portugal and Greece are due to sign a €590 million deal for three KC-390 aircraft, with Lisbon expecting €33 million in returns for its defence industry.
Tekever tests anti-submarine capability in Portugal drill
Tekever and General Dynamics Mission Systems-Canada detected underwater targets during a Portuguese Navy exercise, expanding the drone group’s maritime defence capabilities.
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.
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.
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.