Latest news and stories about economic indicator in finance in Lisboa, Portugal for expats and residents.
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.
Mário Centeno and Pedro Siza Vieira discuss the future strategic outlook for Portugal during an event held in Lisbon.
The International Monetary Fund (IMF) criticizes the inefficiency of broad government support measures following energy and food price shocks. According to an IMF study, less than 20 cents of every euro spent on price suppression measures in developed European economies reached the poorest 20% of households. The IMF argues that these measures are costly, place a heavy burden on public finances, and are significantly less effective than targeted, temporary income transfers for vulnerable families.
Of the 16 listed companies that make up the PSI index, 12 fell and four rose.
The Vida e Paz Community is distressed by the rise in fuel prices and admits to reducing services and staff, while Refood faces increasing costs that could compromise the distribution of food to needy families, officials from both institutions warned.
Also declining were Teixeira Duarte, Semapa, and CTT, which fell 0.61% to 0.49 euros, 0.60% to 19.78 euros, and 0.58% to 5.96 euros, respectively.
Following Sonae's shares were those of BCP, NOS, and Galp.
The Lisbon stock exchange maintained its opening trend, with the main index, the PSI, falling 1.90% to 9,482.84 points.
The Trade Union Front, led by the Union of State Technical Staff and Public Purpose Entities (STE), demanded this Wednesday a salary update above 5%, in addition to the 2.3% provided for in the multi-year agreement. The proposals were presented this Wednesday at the STE headquarters in Lisbon, and, in the union's view, the signing of the...
INE data on tourist accommodation shows an increase in revenue in all regions, with the exception of Greater Lisbon.
Following the two EDP stocks were those of Semapa, BCP, and Altri.
Of the 16 listed companies that make up the national benchmark index, 12 closed in the red.
The central bank highlights the risks of over-reliance on the tourism sector in key Portuguese regions and suggests broadening the economic base.
The former President of the Republic had said, earlier in the afternoon, that everyone is equal before the law. Also, Putin signed a decree increasing the number of military personnel in the armed forces.
At 09:10 in Lisbon, the EuroStoxx 600 was up 0.20% to 640.56 points.
The week in 30 seconds: The path to the 2027 State Budget reaches another decisive moment this week with meetings between Finance Minister Joaquim Miranda Sarmento and the parties with parliamentary seats. Lufthansa and Air France-KLM will present their improved final proposals for the privatisation of TAP on Tuesday, among other developments.
The president of the Chega party holds the American leader responsible for the start of the conflict that is causing fuel prices to rise in Europe. Ventura wants the parliamentary inquiry committee involving Neves to be operational before the State Budget.
The milestone was surpassed shortly after 15:00 in Lisbon, with a peak of 4.0141% reached at 15:39.
Statements by João Marques de Almeida, CNN Portugal commentator, during the special edition of Contrapoder live at i9 Cascais - Living the Future, this Friday.
