Latest news and stories about economic activity in finance in Lisboa, Portugal for expats and residents.
Key events for Tuesday include a meeting on labour reform between Montenegro and Ventura, critical interest rate decisions from the Bank of Japan and the Fed, Eurostat labour data, the Portugal Capital Markets Day 2026, and updates on the insolvency of Sicasal.
Bankinter Portugal celebrates its tenth anniversary with a strategic goal to enter the top six banking institutions in the country by 2030, focusing on corporate lending, digital expansion, and market share growth.
European stock markets and the euro are experiencing declines as oil prices surge due to escalating conflict in the Middle East, particularly in Iran. US oil prices rose by 8% to $72.40 per barrel, while Brent crude increased by 8.8% to $79.30 per barrel. Natural gas futures in Europe saw a significant rise of over 40% following a production halt by Qatar. Gold prices also increased by 1.2% as investors sought safer assets amid uncertainty. Wall Street opened lower, with the Dow Jones down 0.70%, the Nasdaq down 0.58%, and the S&P 500 down 1.09%. In Europe, while the Lisbon stock exchange remained relatively stable, major markets like Madrid, Frankfurt, Paris, and London faced notable declines. The euro fell to $1.1703, down from $1.1817, and also weakened against the pound and yen.
Portugal is seeking to enhance its appeal to Middle Eastern investors, particularly from Qatar, by shifting its marketing strategy beyond just its favorable climate. In Doha, representatives from Startup Portugal are engaging with local entrepreneurs to promote investment opportunities in the country.
AICEP and Fórum Oceano are formalising a joint protocol this Tuesday, the 16th, aimed at boosting the internationalisation of the Portuguese blue economy, supporting the expansion of sector companies abroad, and attracting strategic investment to Portugal. The agreement is being signed during the Oeiras BlueTech Ocean Forum 2026, an event gathering entrepreneurs, investors, research centres, policymakers, and international experts to discuss innovation, investment, and sustainable development related to the ocean. According to AICEP, the partnership intends to strengthen the national capacity to attract capital, accelerate the internationalisation of innovative companies, and foster new high-value-added projects in maritime areas. Madalena Oliveira e Silva, president of AICEP, highlighted that the blue economy is one of the areas with the greatest growth potential for Portugal and that the protocol will strengthen the international promotion of Portuguese companies, as well as the country's standing as a global hub for ocean innovation. Planned initiatives include training programmes, outreach actions, and business networking activities, focusing on sectors such as aquaculture, marine biotechnology, and renewable energy. The protocol comes at a time when the blue economy is gaining weight in the country's economic strategy, both for its ability to generate qualified employment and technological innovation, and for the sustainable valorisation of marine resources. Bruno Esgalhado states that Portugal cannot miss the 'Blue Economy opportunity'.
Sicasal creditors are meeting at the Sintra court to vote on an insolvency plan that includes selling the meat company to Portral for 11.5 million euros. The plan involves a 76.2% reduction in debt for common creditors, who will receive only 23.8% of their claims. While employees, tax authorities, and social security are expected to be paid in full, the total sale proceeds will only cover a small portion of the 46.4 million euro debt owed to approximately 400 creditors. The operation aims to ensure business continuity and job retention, as the company faces an ongoing investigation into whether the insolvency was caused by the actions of its partners and administrators.
Sicasal creditors are meeting this Tuesday at the Sintra court to review and vote on the insolvency plan, which provides for the sale of the meat company to Portral for 11.5 million euros. The plan, presented to the Commercial Court of Sintra by insolvency administrator Jorge Calvete, includes...
Lisbon generated 260 million in tourist tax over ten years. With 30 million in European funds available for social innovation in tourism, the question is not whether there are resources, but whether there is the will to use them well.
The Minister of Finance reaffirmed this Monday the Government's intention to lower income tax (IRS) again, stating that a reduction in 2027 will only be decided after reviewing the performance of the economy and public accounts. During a conference in Lisbon, Joaquim Miranda Sarmento said that it is important to continue reducing...
The 2026 edition of the Diário de Notícias Grand Conference takes place this Monday, June 15, at the Champalimaud Foundation auditorium in Lisbon. The event will cover major national and global topics, ranging from geopolitics and Artificial Intelligence to the future of healthcare and economic trends in Portugal. The programme features various speakers, including President António José Seguro, who will deliver the closing remarks. Government representatives and numerous political and economic figures are also confirmed to attend. The event will also see the inaugural presentation of the DN/BEL Awards. Coverage will be available on the newspaper's website and social media channels.
Portugal is set to spearhead international discussions aimed at shaping the future of the worldwide olive oil industry.
The Lisbon-Setúbal Port announced today that it is preparing the tender for the sale of the public stake in Silotagus, the company that holds the concession for the food grain terminals in Trafaria and Beato.
Studies to be developed will analyse different scenarios for the evolution of the business, market conditions, regulatory framework, and mechanisms to protect the public interest.
The president of the Portuguese Securities Market Commission (CMVM), Luís Laginha de Sousa, warned this Tuesday about the limitations on the supervisor's capacity to use resources, which 'removes flexibility and operational efficiency'. During a parliamentary hearing, following a request submitted by the PS as a member of the Committee on...
The invoices listed household expenses, including petrol, electricity, gas, groceries, and transport, concluding that all of them exceeded the value of a salary.
Portugal is investing in a green maritime corridor to maintain its strategic importance in global shipping.
Apex Brasil strengthens the position of Lisbon as the primary entry point for Brazilian businesses looking to expand into the European market.
The President of the Republic congratulated the Minister of Finance today on his appointment as Vice-President of the Board of Governors of the European Bank for Reconstruction and Development, stating that it represents “a recognition of Portugal's role” in this institution.
Finance Minister Miranda Sarmento has been appointed Vice-President of the Board of Governors of the European Bank for Reconstruction and Development (EBRD), and Lisbon has been chosen as the host city for the institution's 2029 meeting.
Lisbon will host the annual meeting of the EBRD Board of Governors in 2029, the Government announced.
At the annual meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD), Miranda Sarmento was appointed vice-president. The 2027 annual meeting will be held in Portugal.
The Minister of Finance was elected to a one-year term as vice-president of the European Bank for Reconstruction and Development (EBRD). Lisbon will be the host city for the annual meeting of the board of governors in 2029.
Lisbon was also chosen as the host city for the EBRD annual meeting in 2029.
Sustainability cannot be, and is not being, treated as an autonomous agenda, but as a contextual condition of economic activity.
The electric vehicle brand Zeekr enters the Portuguese market through a partnership with Salvador Caetano, aiming to reach 2,000 units sold per year by 2028.
Portugal is hosting an international event focused on the olive oil industry.
