Latest news and stories about economic indicator in Porto, Portugal for expats and residents.
Economist Óscar Afonso warns that the Government has failed to adequately prepare Portugal's economy for the post-RRP period, projecting severe budgetary consequences ahead of the 2027 State Budget.
PS Secretary-General José Luís Carneiro has accused the government of profiting from rising fuel prices and submitted a parliamentary proposal to reduce VAT on fuel and essential food items to alleviate the cost of living.
Data revealed in the report 'Poverty and Social Exclusion in Portugal 2026'.
PRESS REVIEW | Data from the report, which will be presented at the 18th National Forum for Combating Poverty and Social Exclusion in Porto, also reveals that almost half of the people living in poverty do not receive support.
Armindo Monteiro identified entrepreneurs and managers as a “silent majority,” challenging them to “break this silence” and lead what he called an “uprising of an entrepreneurial nation that believes in having more prosperity than it currently does.” “It is a terrible verdict to know that we are growing below our potential,” he added. “We should not...
Economist Óscar Afonso believes that Portuguese companies can achieve scale through increased investment in management qualifications, sectoral sophistication, and internationalisation, while policymakers should make taxation more competitive, reduce judicial delays, and reformulate the logic behind European funds. “Portugal must bet on exports to scale up, increase...”
The IMF forecasts project a growth of 2.1% this year and 1.9% in 2027. Furthermore, the Prime Minister advised those hoping for the government's political failure to not hold their breath.
Portugal must overcome the challenges related to its economic productivity and national competitiveness.
Experts predict a future for Portugal featuring improved economic productivity, advancements in healthcare, and the development of larger-scale businesses.
Rui Rio claims that the current state of Portugal is inferior to its condition a decade ago.
The Porto School of Economics says underfunding could exceed 6,600 euros per user this year.
Minister of Economy and Territorial Cohesion, Manuel Castro Almeida, stated that government support for families and businesses regarding the energy crisis remains dependent on strict budgetary limits for the 2027 State Budget. Emphasizing the goal of balanced accounts and avoiding a budget deficit, the minister noted that public debt reduction is essential to lower interest rates and taxes. During an Aicep forum in Porto, he also praised the agency's efficiency in processing Portugal 2030 applications and highlighted the importance of reducing bureaucratic obstacles for companies to boost exports and economic growth. Outgoing Aicep president Madalena Oliveira e Silva reported record support for Portuguese companies and significant growth in high-tech exports, while incoming leader Ana Casaca pledged to continue strengthening the country's position in the global economy.
The Minister of Economy, Manuel Castro Almeida, acknowledged that inflation is a negative factor for the Portuguese economy, driven by fuel costs and global conflicts. However, he highlighted positive indicators such as economic growth, rising real wages, and increasing exports, urging a broader view of the economy. He stated that the government is working on targeted measures to mitigate the impact of fuel prices on supermarket goods, while maintaining a commitment to fiscal balance and avoiding a budget deficit.
Luís Montenegro says the country is experiencing “political, economic and social stability”. Also, fire in Santo Tirso brought under control this morning.
The Prime Minister assured today, at the New York Stock Exchange, that Portugal will continue to grow above the European average. Additionally, more than 300 firefighters are battling a fire in Santo Tirso.
During the public presentation of the first part of the work 'Blocks versus Reforms: a vision for Portugal', a study developed by the FEP School of Economics and Management of the University of Porto for the Porto Commercial Association, we made a choice that deserves to be explained. We presented a diagnosis before the study was completed. Not out of haste, nor by desire...
Mariana Leitão states that the Government's interpretation 'does not pay the rent nor put food on the table'.
The study by Passos Coelho identifies barriers to growth in Portugal. The first phase is presented this Friday in Porto, and the final proposals will be sent to the Prime Minister and the President of the Republic.
José Luís Carneiro's reaction to the measure approved today by the Government, which extends agricultural diesel subsidies until the end of the year. Also, Sporting beat Galatasaray 3-1.
The Minister of Economy acknowledges that subsidies are “never” enough to mitigate the rising cost of living and defends the importance of supporting agriculture. He insists that the State is not profiting from fuel prices.
Fishing and agriculture are already paying a very high price. Each boat at the Matosinhos fish market is spending an extra 2,000 euros per month to fish.
Exports rise by 2.6% while the country falls by 6.6%. The tertiary sector creates 54,000 jobs, but the manufacturing industry, the most representative, loses 20,200 positions.
The 'Generation of Ideas' segment gives a voice to the recipients of the Professor Jacinto Nunes Award, granted by the Bank of Portugal, which distinguishes the best undergraduate Economics students. Tiago Neves was honoured as a student from the Católica Porto Business School for the 2024/25 edition. 'America's vital interests may, one day, ...'
Prime Minister Luís Montenegro argued this Monday, June 1st, that Portugal has an 'obligation' to move beyond a permanent reliance on European funds. Speaking in Porto, he stressed that while cohesion policies remain important, the country must develop the capacity to finance its own investment. Montenegro highlighted that with the next EU multiannual financial framework (2028-2032) approaching, Portugal, its companies, and institutions must prepare credible, innovative projects to compete for funding. He also noted the recent creation of the Technical University of Porto, the first new university in the country since 1986, as part of a broader effort to boost value and capacity in higher education.
Metro do Porto's losses almost doubled from 13.4 million euros in 2024 to 26.5 million in 2025, according to the company's Annual Report and Accounts, which notes higher expenses related to the sub-concession. Despite the increase in losses, 2025 was still the company's second-best year in recent times.
On the day that Bragi Guðbrandsson and Palestinian journalist Rami Abou Jamous receive the North-South Prize from the Council of Europe at the Assembly of the Republic, the textile and clothing sector meets at Exponor, and the INE releases the April industrial production price indices. Meanwhile, abroad, Google presents the most...
The Iberian Peninsula has established itself as a top destination for retail investment in Europe, according to JLL data. Portugal and Spain recorded 1.384 billion euros in transactions during the first three months of 2026, outperforming markets like the UK and Germany. Portugal contributed 340 million euros to this total, driven by strong economic growth and tourism. Prime assets and the food retail sector, including major shopping centres like GaiaShopping and ArrábidaShopping, remain key drivers. Prime rents have reached record highs, with 155 euros per square metre in Lisbon's Chiado district, as investor demand for quality assets continues to grow.
The Prime Minister spoke at the Catholic University in Porto at a conference on accession to the European Communities. The country already contributes 2.5 billion per year to the European budget.
