Latest news and stories about economic indicator in government in Lisboa, Portugal for expats and residents.
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.
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.
The Government has already allocated approximately one billion euros through the ISP discount. This figure is expected to reach 1.3 billion euros by the end of the year, according to the Minister of Environment and Energy. Maria da Graça Carvalho reiterated that the Executive is preparing new support measures for transport.
Eurico Brilhante Dias argued that these measures cannot wait because “the Portuguese people will not hold out until January.”
In Parliament, the Minister of Justice implied that this was the reason she answered questions sent by Chega incorrectly. Additionally, the ECB is expected to decide on an interest rate hike today.
On the day of a motion of no confidence presented by Chega against the Government, Público headlines Portugal's public debt rating, noting that for the first time in over a decade, it is better than Spain's (89.7% versus 100.7%) according to a major rating agency. Fitch Ratings upgraded Portugal from 'A' to 'A+'. Negócios reports on Tax Authority instructions regarding the increased IMT tax rate for non-resident homebuyers. Jornal de Notícias highlights a criminal group that robbed banks using ride-hailing cars and food delivery uniforms to hide their identities, stealing over 900,000 euros, and notes the death of Nuno Cardoso, a mayor who left his mark on Porto. Correio da Manhã reports on a businessman who lost 22,000 euros at a Lisbon nightclub and is suing three women for fraud, while also covering the PISA results showing a historic decline in Portuguese student performance. Diário de Notícias features farmers' criticism of the Government over rising fuel costs and lack of support. Observador reports that Amancio Ortega's holding company has sold 91.7 million REN shares to Parpública. Eco reports that companies are demanding structural measures from the Government to cope with rising fuel prices threatening industrial margins.
The country continues to be marked by a sharp decline in the birth rate and by thousands leaving for abroad. The Greater Lisbon region saw the most significant drop (-2.4%) among those aged 0 to 24.
The Minister of Economy highlights the full implementation of the Recovery and Resilience Plan (PRR) while cautioning that the country must reduce its reliance on EU financial support.
The Minister of Economy states that Portugal needs to adapt to a future with reduced financial support from the European Union.
The Minister of Economy confirmed today in Lisbon that the Recovery and Resilience Plan (PRR) has been fully executed, meeting the deadline agreed upon with Brussels.
In the latest assessment, PRR execution stood at 75%. The president of the National Monitoring Committee states that the works will continue even after the month of August.
Público reports that school technicians are losing career points and being asked to return thousands of euros to the state. The newspaper notes that psychologists, speech therapists, and social educators hired under the Extraordinary Regularization Program for Precarious Ties are being notified to return funds from career progression, with some amounts reaching 10,000 euros. A court ruling contradicts the ministry's position, but some have already taken out bank loans. Jornal de Notícias highlights that Portugal is on the route of South American gangs stealing luxury watches from tourists, a phenomenon identified by police since 2023. The paper also reports that parents' associations are contesting long summer holidays, claiming children are left alone. Correio da Manhã reports that a 'Rolex Gang' thief pointed a weapon at a car before a fatal collision, with the businessman who hit the thief claiming he did not intend to cause death. Expresso reports that nearly a year after the Glória funicular derailment in Lisbon, only four of 16 compensation cases for fatalities are closed, while 24 injured victims remain in treatment and Fidelidade has covered 2.3 million euros in expenses. Diário de Notícias highlights families struggling with wages and calling for the ECB to halt interest rate hikes. Negócios features an interview with Jorge Bravo on Social Security reform, and Eco reports that Novo Banco is selling assets belonging to Luís Filipe Vieira to recover 400 million euros in debt.
Público highlights that banks and insurance companies are leaving downtown Lisbon, ending a 20-year financial project. Jornal de Notícias reports that an illegal fuel tax is generating over 700 million euros for Infraestruturas de Portugal, despite a 2022 European Court of Justice ruling declaring it illegal. Diário de Notícias notes that fuel prices have risen 15 times since the start of the war, while Correio da Manhã reports that six minors have been murdered by family members in eight months. Expresso covers the rejection of a doctoral thesis by Chega MP Francisco Gomes, and Observador highlights long-standing malfunctions in Lisbon Metro escalators. Negócios reports on Portuguese banks seeking compensation regarding the digital euro, and Eco features an interview with Professor Jorge Bravo on Social Security reform.
An overview of Carlos Costa's tenure as the head of the Portuguese central bank.
The report “Reforming pensions in Portugal – for a sustainable, adequate and fair system” is being presented this Tuesday, August 18, in Lisbon.
For three decades, Portugal has been diverging from Europe. There is no shortage of reports on this. But the decisive point made by Robinson and Palma is different: it lies in the inability to implement impactful measures.
Lisbon, 04 Aug 2026 (Lusa) -- Novo Banco totalled 367.2 million euros in profit in the first six months of the year, a decrease of 15.6% compared to the same period in 2025, it was announced today.
The president of Chega stated this Tuesday that the data on public debt highlights the Government's “terrible management,” as well as “enormous incompetence,” and argued that this “is a figure that should not be downplayed.” These criticisms were made by André Ventura during a press conference at the party's headquarters in Lisbon.
Prime Minister Luís Montenegro downplayed the rise in Portuguese public debt on Tuesday, August 4, assuring that the increase reported by the Bank of Portugal for the second quarter of 2026 will not impact the government's year-end targets. Montenegro expressed confidence that the country's economic performance will surprise observers by the end of the year. During the inauguration of a privately managed Family Health Unit in Torres Vedras, he also addressed migration, contrasting Portugal's regulated approach with the lack of regulation seen in other countries, in an apparent critique of Spanish policy following the crisis in Ceuta.
Prime Minister Luís Montenegro dismissed concerns over recent public debt figures in Torres Vedras, stating that the trajectory of debt reduction relative to GDP remains on track. He predicted that year-end results in economic growth and budget balance will surprise observers. Data from the Bank of Portugal shows public debt rose to 92.9% of GDP in the second quarter, an increase of 1.9 percentage points from the previous quarter.
Nobel laureate in Economics James A. Robinson argued today in Lisbon that the social contract is not being fulfilled because the State is not functioning as it should, which he said has consequences for investment.
Nobel laureate in Economics James A. Robinson argued today in Lisbon that the social contract is not being fulfilled because the State is not functioning as it should, which he said has consequences for investment.
James A. Robinson argued that it is important to compel the State to meet its deadlines.
