Latest news and stories about economic indicator in Lisboa, Portugal for expats and residents.
The President of the Republic met with the Governor of the Bank of Portugal at Belém Palace to analyse the country's economic and financial situation alongside regulatory supervision.
The week is defined by the submission of the 2027 State Budget, the Bank of Portugal's latest economic projections, and Marco Rubio's visit to Lisbon.
A profile of Álvaro Santos Pereira, highlighting his early ambition in Viseu, his academic journey, and his reputation as a governor who maintains a sharp critical perspective and rejects cronyism.
The appointment of the new deputy governor for the Bank of Portugal has been postponed until after the summer, with the official arrival expected in the autumn.
Economist Ricardo Reis predicts that inflation will peak between 3% and 3.5% following his participation in the ECB Forum in Sintra.
ECB President Christine Lagarde defends recent interest rate hikes as a necessary response to rising inflation, while global economic experts gather in Sintra to discuss monetary policy challenges.
This Tuesday features key economic updates including INE's June inflation estimates, the deadline for IRS tax filings, and the second day of the European Central Bank's annual forum in Sintra.
Portugal has fallen three positions in the European Union's GDP per capita rankings.
The UGT national secretariat convenes to discuss labour law reform, while the Assistant Secretary of State and Energy addresses Parliament on the Middle East conflict's economic impact, alongside the Public Finance Council's latest report.
This Wednesday features the ECO Festival's 10th-anniversary celebration, a parliamentary debate with the Prime Minister, the release of INE's April housing evaluation survey, and the publication of the financial stability report.
Key events for Thursday include INE transport data, Glintt Global's Q1 earnings, the eRadar defence conference at CCB, and Elon Musk's closing arguments in the OpenAI legal case.
This Wednesday features key economic data releases from the INE, a parliamentary hearing for Joaquim Miranda Sarmento, the election of the Nova University of Lisbon rector, and significant institutional inaugurations alongside political debates.
Of the 16 listed companies that are part of the PSI index, 10 fell, five rose, and Sonae SGPS remained unchanged at 2.11%.
BCP recorded 873.7 million euros in profit for the first nine months of the year, a 12.6% increase compared to the same period last year, CEO Miguel Maya announced. Maya described the period as challenging due to an exceptional economic environment, while noting that the bank's activity in Portugal generated 727.9 million euros in net income. The bank reported growth in customer credit and total resources, while also addressing questions regarding its branch network, denying a formal closure plan while emphasizing a balanced relationship between physical and digital channels.
BCP totalled 873.7 million euros in profit in the first nine months of the year, up 12.6% compared to the same period last year, the chief executive officer announced today.
The bank led by Miguel Maya increased its profits to 874 million euros. Results rose by more than 12%, despite it being a 'very difficult' period, says the bank's leader.
The Lisbon stock market closed higher today, with the PSI index rising 0.85% to 9,253.58 points, in a mostly positive European market.
The valuation of the Portugal nation brand has reached 257.1 billion euros, driven by the global influence and reputation of Cristiano Ronaldo and the capital city, Lisbon.
Folha: Markets react to Lula's victory with a suspension of trading and a sharp devaluation of the real. DN: Amnesty observer injured at Rossio. JN: Heating a home could cost 79 euros more per month.
The Lisbon stock exchange closed lower today, with the PSI index falling 0.75% to 9,175.73 points and Galp losing more than 10%, bucking the trend of the rest of Europe.
The Lisbon stock exchange was trading lower today, with Galp shares dropping 8.97% to 20.90 euros, following the announcement that negotiations with Moeve have ended and that third-quarter profits rose by 68%.
Galp reported a 68% increase in third-quarter profit to €682 million, driven by higher oil production in Brazil and strong international trading performance. Despite these gains, the company announced the termination of merger negotiations with Moeve regarding their refining and marketing businesses, as the parties could not reach a mutually beneficial agreement. Galp stated that this outcome will not affect its ongoing operations or its confidence in the long-term value of its standalone business portfolio.
The Governor of the Bank of Portugal (BdP), Álvaro Santos Pereira, stated on Thursday, October 22, that solutions to the housing crisis must focus on the supply side through increased construction and public housing, calling for a national consensus. During a seminar with the Bank of Spain in Lisbon, he emphasized that the central bank's role is to present data rather than engage in political debate. Pereira noted that public housing levels in Portugal are significantly below the OECD average and that labor shortages in the construction sector remain a challenge. He further suggested streamlining licensing and reducing bureaucracy to accelerate supply, while emphasizing that international examples, such as those in Canada, Australia, and Sweden, show that resolving such structural imbalances requires collective effort and time.
The Navigator kicks off the earnings season for the Lisbon stock exchange this Thursday. Following a historic first half, which points towards another year of record profits on the stock exchange, companies listed on the PSI index are reporting results for a quarter marked by surging fuel prices, which will test the resilience of Portuguese firms.
Of the 16 companies listed on the PSI, 11 closed lower and five higher.
The Lisbon stock exchange closed lower today, with the PSI index falling 0.78% to 9,394.18 points, following the negative trend of major European markets.
The Hotel Association identifies Humberto Delgado Airport as the main factor for the drop in tourism in the Lisbon region. The decline in guests from the United Kingdom remains unexplained.
