Latest news and stories about investment in government 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.
The Porto region is set to invest €820,000 in the refurbishment of two health centres. The Vale Formoso Health Unit will receive €526,000 for a four-month renovation, while the Foz Health Centre will be upgraded with an investment of €297,000, expected to take 100 days to complete.
TAP is investing €20 million to build a new aircraft maintenance hub and hangar in Porto, a project due to take two years and expected to create about 200 jobs. The move is intended to increase the carrier’s maintenance self-sufficiency, reduce outsourcing and boost operational autonomy as the airline undergoes privatisation, while Porto’s network will be strengthened with services to Terceira, Praia, Tel Aviv and an enhanced link to Boston.
Penafiel becomes the first municipality in Portugal to reduce the Municipal Urbanisation Fee to 1 euro.
Speaking to Expresso, Porto's councillor for housing promises more homes, details support for families, and urges the Government to act faster to move from intentions to 'results on the ground'. She also defends 'respect for the democratic right to protest'.
An overview of the upcoming AICEP 2026 Forum focusing on Portugal's economic competitiveness and future prospects.
The Olympic canoeist advocated for lower taxes on sporting goods and denounced the precarious training conditions. Vanessa Fernandes warned about the abandonment of athletes after their careers.
Business leaders, association heads, and managers debated what Portuguese companies need to transition from competitive exporters to internationally scaled groups. This took place at Fábrica 2030, ECO's annual conference dedicated to industry, competitiveness, and business growth. Read the main quotes from this Wednesday's conference held at the headquarters of...
The CEO of the Banco Português de Fomento (BPF) believes it will be possible to reach 10 billion euros in impact on the Portuguese economy by next year. “It is our team's challenge. We believe we will do it,” said Gonçalo Regalado during a speech at Fábrica 2030, one of the conferences marking the 10th anniversary.
The State's entry into the capital of REN and other companies is “inadmissible”, argues entrepreneur and investor Carlos Moreira da Silva. For the CEO of Teak Capital, there are no arguments that justify this investment, adding that “the State does not have a great track record of success in management”. “I find the entry into the capital unacceptable...
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...”
A representative group from the Canary Islands is urging the Portuguese government to implement measures that safeguard local residents and families from the influence of real estate investment funds.
In July 2025, the Porto Commercial Association announced a study on the country's economic bottlenecks and reforms. Over a year later, with the work still ongoing, the association sought input from other business groups, academia, and the media to engage civil society. A common misconception was that a recent meeting on September 11th was a launch event, when it was actually intended to gather further contributions and broaden the scope of the project. The study addresses both classic issues, such as uncompetitive taxation and low investment, and less common ones, like structural skill deficits and regulatory barriers. The goal is to move beyond theoretical analysis to present objective proposals and priorities. The involvement of Pedro Passos Coelho and Sérgio Sousa Pinto as coordinators is based on their independent thinking and shared concern for the country's future, rather than any partisan agenda, aiming to foster the long-term public policies Portugal needs.
Nuno Botelho has been re-elected as president of the Porto Commercial Association (ACP) for the 2026 term, with university professor Álvaro Costa continuing as vice-president. The board includes several other members, and the association plans to present a study on Portugal's economic challenges, coordinated by former Prime Minister Pedro Passos Coelho, later this year.
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.
The city council led by Luís Filipe Menezes will vote on Tuesday on the early repayment of two loans with 10.2 million in debt, reducing annual instalments by 3.15 million as early as 2027.
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...
Passos will present reformist proposals within two months. While they are not yet public, he gives clues about the plan he has for the country in a long preface to Pedro Gomes Sanches' new book.
The Portuguese Navy is acquiring 75 tactical vehicles from Spain, supported by European financial resources.
It is the typical arrogance and presumption that Porto can be 'managed' from the top down from an office, by politicians and bureaucrats who believe they know how others should live.
Pedro Duarte earned 192 thousand euros in his last full year in the private sector. He entered Parliament before having an employment contract and received a salary in stock awards while an executive at Microsoft.
The measure, published in the Diário da República, applies to 'all urban development operations intended for housing construction'. The municipality is waiving revenue to 'reduce costs for families'.
The Ministry of Economy has approved the construction of a 4-star rural hotel at Quinta Solar da Pousada in Amarante, located within the National Agricultural Reserve (RAN), citing 'relevant public interest'. The project, proposed by Scof II Investments, involves converting 14,733 square metres of protected land to non-agricultural use. The development, valued at approximately 3.2 million euros, aims to create five new jobs by restoring existing buildings and infrastructure while maintaining the property's agricultural character, including its vineyard and olive grove.
The Baião City Council, in the Porto district, has acquired the Frende neighbourhood, which has been abandoned for three decades, and will rehabilitate it to boost housing supply in the municipality as part of the 2027-2032 Local Housing Strategy. The acquisition, costing 150,000 euros, brings a set of properties into the public sphere to provide several homes, even if fewer than the 16 existing, dilapidated, and small units. Mayor Ana Raquel Azevedo (PSD) also noted that the recovery of the Cine-Alvorada, a well-known cinema built by the same person who developed the neighbourhood, is under consideration. The municipality is currently addressing the needs of 326 families eligible for the 'Primeiro Direito' programme, with a long-term goal of completing the housing strategy by 2032, representing an investment of approximately 47 million euros.
Público reports that the government is preparing to return three more hospitals to the Misericórdias, with the São João da Madeira transfer costing 14 million euros in the first year. The paper also highlights that eight Portuguese influencers visited Israel and Gaza under state guidance, sparking controversy. Meanwhile, Jornal de Notícias notes that toll exemptions on the A41 have failed to reduce traffic on the VCI. Correio da Manhã reports that the Ministry of Education paid 2.65 million euros to a consultancy firm during the exam chaos. CNN Portugal reveals that a valuable Bitcoin wallet seized by the PJ under Luís Neves's leadership mysteriously disappeared after being emptied, with a court now ordering the return of the lost cryptocurrency to the original owners. Other headlines include the government blaming PS/Chega agreements for the lack of further IRS tax cuts, a rise in air conditioning usage, and limited adoption of 'bank of hours' schemes in collective bargaining.
Call it public service, sovereignty, or territorial continuity. The name is irrelevant. The bill never was.
The public auction of the buildings is expected to generate at least 2.2 million euros for the municipality and does not yet have a date.
The regions of Northern Portugal and Hauts-de-France have formalised a partnership aimed at strengthening economic investment, fostering innovation, and improving regional competitiveness.
The Minister of Defence has confirmed that Portugal is set to allocate approximately 6 billion euros to the defence sector.
