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The Portugal Brief

The Portugal Brief

Guy Pacheco's Debut Quarter at CTT Books a 17.6% Profit Drop to €4.5 Million on Iran-Hormuz, the January-February Storms and a 39.6% Collapse in Public-Debt Placements — Revenue Still Up 14.1% to €329.4 Million

Guy Pacheco's Debut Quarter at CTT Books a 17.6% Profit Drop to €4.5 Million on Iran-Hormuz, the January-February Storms and a 39.6% Collapse in Public-Debt Placements — Revenue Still Up 14.1% to €329.4 Million

CTT's Q1 2026 numbers — Guy Pacheco's debut quarter as CEO — print net profit down 17.6% to €4.5 million on Iran-Hormuz, the January-February storm cluster and a 39.6% collapse in public-debt placements, even as revenue lifts 14.1% to €329.4 million.
The Portugal Brief
Public Transport Passes in Portugal in 2026 — A Practical Guide to the Lisbon Navegante, the Porto Andante, the Passe Ferroviário Verde, the Free Sub-23 and Sub-18 Tariffs, the +65 Tier and the Regional Networks of Coimbra, Braga, Aveiro and Faro

Public Transport Passes in Portugal in 2026 — A Practical Guide to the Lisbon Navegante, the Porto Andante, the Passe Ferroviário Verde, the Free Sub-23 and Sub-18 Tariffs, the +65 Tier and the Regional Networks of Coimbra, Braga, Aveiro and Faro

Portugal's transport-pass stack runs from the €40 Navegante (Lisbon) and Andante (Porto) metropolitan caps, through the €20 Passe Ferroviário Verde for inter-regional rail, to the free Sub-23 / Sub-18 regime — frozen for the seventh consecutive year in 2026.
The Portugal Brief
IMF Article IV Mission Pushes Lisbon to Reverse the IRS Jovem and the IVA Reduzido on Restaurants — Mission Chief Jean-François Dauphin Flags €693 Million in Lost 2026 Revenue and a 4.2% Inflation Path if the Iran War Drags Into 2027

IMF Article IV Mission Pushes Lisbon to Reverse the IRS Jovem and the IVA Reduzido on Restaurants — Mission Chief Jean-François Dauphin Flags €693 Million in Lost 2026 Revenue and a 4.2% Inflation Path if the Iran War Drags Into 2027

The IMF's 2026 Article IV concluding statement — released Tuesday in Lisbon — recommends Portugal reverse the IRS Jovem and the IVA reduzido on restaurants, replace the fuel-excise cut with targeted support, and link early retirement to the statutory age.
The Portugal Brief
Algarve Tourism Region Locks the New York Meeting With United Airlines Ahead of the 15 May 2026 Newark–Faro Restart — Four Weekly Polaris-Equipped Departures, an EUR 650 Economy Fare and a 9-Night Average US Stay Behind the Pitch

Algarve Tourism Region Locks the New York Meeting With United Airlines Ahead of the 15 May 2026 Newark–Faro Restart — Four Weekly Polaris-Equipped Departures, an EUR 650 Economy Fare and a 9-Night Average US Stay Behind the Pitch

The Região de Turismo do Algarve held its New York meeting with United Airlines on Tuesday to consolidate the Newark–Faro direct route ahead of the 15 May restart. Four weekly Polaris-equipped flights, an EUR 650 economy fare and a 9-night US average stay sit behind the pitch.
The Portugal Brief
Quercus, Gardunha Sul and Five Other Movements Stage a 13:00 Protest at APA's Castelo Branco HQ Over the Beira and Sophia Mega-Photovoltaics — 525 Hectares Already Carry a Negative DIA, Sophia's 425,600 Modules Still Under Analysis

Quercus, Gardunha Sul and Five Other Movements Stage a 13:00 Protest at APA's Castelo Branco HQ Over the Beira and Sophia Mega-Photovoltaics — 525 Hectares Already Carry a Negative DIA, Sophia's 425,600 Modules Still Under Analysis

Seven civil-society movements gathered at the APA delegation in Castelo Branco at 13:00 on 6 May to demand transparency on two contested mega-solar projects — the Beira plant (525 ha, already with a negative DIA) and Sophia (390 ha, 425,600 modules) — both straddling four Beira Baixa municipalities.
The Portugal Brief
DIAP Lisboa Brings the Rato Torture Tally to 24 PSP Detainees as Two Chiefs and 13 Agents Are Held — Ten Months After the First July 2025 Operation, the Bairro Alto File Now Includes Crimes-of-Omission Charges Against Witnessing Officers

DIAP Lisboa Brings the Rato Torture Tally to 24 PSP Detainees as Two Chiefs and 13 Agents Are Held — Ten Months After the First July 2025 Operation, the Bairro Alto File Now Includes Crimes-of-Omission Charges Against Witnessing Officers

Tuesday's third operation in the Rato/Bairro Alto torture file added 15 PSP officers and one civilian to the detainee list, taking the running total to 24 and pulling two chefes inside the perimeter. The new charges include omission — agents who watched and did nothing.
The Portugal Brief