With the Eurogroup set to choose the ECB vice-president on Monday, former Portuguese central bank governor Mário Centeno—one of two front-runners—says there remains a lack of alignment among major EU countries. Speaking to PÚBLICO, Centeno urges reaffirmation of the reasons for his candidacy and signals that political negotiations, policy priorities and regulatory direction will be decisive in the appointment. The comments frame the contest as both a balance-of-power and policy-choice moment for the ECB’s future leadership.

Reporting says the Government is monitoring negotiations between Galp and Spain’s Moeve on a deal that would combine parts of their assets and create two new platforms, with ministers stressing strategic energy assets and national energy sovereignty are at stake. Officials are watching to ensure any transaction protects critical infrastructure and interests. Entrepreneurs and energy-sector observers should be aware that a deal could affect local supply chains, jobs and investment decisions in the coming months.

The EU's new Entry-Exit System (EES) — which now obliges over a third of non‑EU nationals entering the Schengen area to submit extra personal and biometric data — has provoked a standoff between airports and Brussels. Airports warn of operational strain, higher costs and longer processing times amid limited staff and technical readiness; EU institutions argue the measure is necessary to improve border security, migration management and traveller rights. The dispute highlights tensions between security aims, data‑protection concerns and practical implementation challenges that could affect expats, short‑term visitors and airlines alike.

Lisbon's municipal authority has proposed banning alcohol consumption in public streets from 11pm, with proposed fines of up to €3,000 that could also be applied to establishments. Framed as a measure to reduce nuisance and improve public safety, the proposal raises questions about enforceability, proportionality and the potential economic impact on nightlife and hospitality. Separately, Le Monde reports Emmanuel Macron accusing Donald Trump of 'breaking with international rules', underscoring a parallel debate about norms and accountability on the international stage.

Galp and Moeve have entered detailed talks to combine their refining operations and filling-station networks, a complex transaction that is likely to be lengthy and closely scrutinised. The Portuguese Communist Party has already criticised the proposed deal and the government will have a role in the approval process, raising political as well as regulatory stakes. The transaction will test Brussels’ evolving approach to competition and regulation in the energy sector, with implications for pricing, investment and market structure in Portugal.

A proposed measure in a housing-supply package due for a parliamentary vote this Friday would make the absence of a required licence a ground for invalidating property sales. Analytically, the change could introduce significant legal uncertainty for buyers, sellers, lenders and conveyancers, risk delaying transactions and cooling market activity unless clear transitional rules and enforcement guidance are set out. Stakeholders will be watching for details on compliance requirements, liability allocation and any safeguards to avoid unintended disruption to the housing market.

Companies are increasingly sensitive to competition issues as competition law enters a phase of expectation and apparent transformation, according to Sara M. Rodrigues, senior associate and co-ordinator of Eversheds Sutherland’s Competition, Trade and Foreign Investment Department. Rodrigues warns that investigations have ongoing consequences and that regulators — and firms — must recognise that processes do not end with the initial investigation conclusion, heightening the need for robust compliance, legal preparedness and attention to reform and enforcement trends.

The Socialist Party (PS) parliamentary group will table an amendment this Wednesday to allow the previous and new electric mobility regimes — the latter published in August — to operate in parallel. Socialist deputy Pedro (quoted) says the proposal lets 'whoever wants to remain with the previous model stay' and those who prefer the new framework move to it, effectively offering regulated choice rather than a forced transition. Analytically, the move aims to protect operators and consumers from disruptive change and preserve investment and service continuity, but it also risks prolonging regulatory complexity and creating uncertainty for long-term EV policy and market signalling.

In response to an ERS warning about diagnostic delays, the association of private hospitals says it has the capacity to meet the SNS’s demand but is urging the Government to guarantee the resources, contracts and regulatory clarity needed to mobilise that capacity. The claim highlights a policy tension over using private provision to reduce diagnostic backlogs while ensuring adequate public funding and oversight.

Maria de Fátima Carioca argues that Portugal needs a substantial overhaul of its labour legislation, saying flexibilisation of labour relations is unavoidable but must not undermine social protections. She warns the proposed new law is not a magic wand for boosting wages — structural reform is required alongside measures to safeguard workers. Her remarks come as the Government prepares a wide-ranging review of labour rules and the social safety net.

Justice is a central theme in the campaign of the five leading presidential candidates ahead of the 18 January election. Proposals range from Luís Marques Mendes’s call for structural reform, faster proceedings and cross‑institutional pacts to modernise courts, to competing ideas on statutes of limitations and the scope of presidential intervention in judicial matters. The debate frames trade‑offs between efficiency and safeguards, and highlights the need for parliamentary and judicial buy‑in to implement meaningful legal and procedural change.

A wave of policy and market changes due to take effect in 2026 will raise the cost of housing for Portuguese households and alter incentives across the sector. Measures affecting rents, mortgage lending rules and tax treatment of construction and property are set to impact owners, tenants and prospective buyers, with knock-on effects for affordability, market dynamics and the state budget. The package will reframe public incentives and regulatory risk for investors and households alike, requiring households and professionals to reassess financing, renting and development decisions.

Thirteen years after the US fund Lone Star used a strategy to monetise a state-backed bank stake in Portugal (Novo Banco) — reportedly pocketing about €5bn while exiting without major penalties — South Korea intervened to stop the same playbook from succeeding at a Korean bank backed by public support. The episode highlights divergent regulatory outcomes across jurisdictions: stronger Korean safeguards and political scrutiny protected the public interest and state budget, while Portuguese arrangements enabled a lucrative, low-accountability exit for a private investor. The contrast underscores how supervision, takeover rules and fiscal exposure shape investor returns and public risk in cross-border bank restructurings.

From 2026, new cars will be fitted with additional safety equipment mandated by regulators to reduce road accidents. The measures should lower collisions and casualties and could bring long‑term savings in insurance and healthcare, but they will increase manufacturers’ costs and are likely to push up new‑car prices. Policymakers will need to balance public‑safety benefits against affordability, using tools such as subsidies, tax incentives, phased implementation or targeted support to lessen the impact on lower‑income buyers.

Prime Minister Luís Montenegro uses his customary 1 January Jornal de Notícias article to renew a call for labour reform, urging a ‘winning mentality’ and changes to employment law and regulation. Framed as necessary for competitiveness and job creation, the piece signals his policy priorities and aims to steer public and political debate toward deregulation and legal adjustments. It functions both as a policy pitch and as political positioning ahead of upcoming labour‑market discussions.