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The Portugal Brief

The Portugal Brief

Lisbon rooftops and the Tagus River — CGD closed Q1 2026 with €397M in profit, a 24%-plus mortgage share and 213 fewer workers in Portugal.

Caixa Geral de Depósitos Closes Q1 2026 With €397 Million in Profit and 213 Fewer Workers — 24%-Plus Mortgage Share, NPLs at 1.38% and CET1 Above 21% as the State Bank Marks Its 150th Anniversary

Caixa Geral de Depósitos closed the first quarter of 2026 with a consolidated net profit of €397 million, up 1% on the same period in 2025, and a Portuguese headcount that was 213 lower at the end of March than twelve months earlier. The state bank — Portugal's only
The Portugal Brief
AIMA Reimposes the 10-Senha Daily Cap on Lawyers at the Porto Loja With a 12h–16h Window — Three Cases Per Advogado Per Day Against a 200,000-File Court Backlog, Less Than a Year After the National Cap Was Lifted by Protocol With the Ordem

AIMA Reimposes the 10-Senha Daily Cap on Lawyers at the Porto Loja With a 12h–16h Window — Three Cases Per Advogado Per Day Against a 200,000-File Court Backlog, Less Than a Year After the National Cap Was Lifted by Protocol With the Ordem

The Agência para a Integração, Migrações e Asilo has quietly reimposed the ten-senha daily cap on lawyers at its Porto loja, with access squeezed into a four-hour 12h–16h window. Público's Vicente Nunes reads the new rule on the ground on Saturday...
The Portugal Brief
Portugal's Twin EU-Funds Cliff Comes Into View — €14.9 Billion of the PRR Drawn at 61% Execution With 21 May Reprogramming Locked, August Targets Pending and Portugal 2030 Sitting Last in the EU Payment-Monitoring Tape at €4.06 Billion

Portugal's Twin EU-Funds Cliff Comes Into View — €14.9 Billion of the PRR Drawn at 61% Execution With 21 May Reprogramming Locked, August Targets Pending and Portugal 2030 Sitting Last in the EU Payment-Monitoring Tape at €4.06 Billion

Two EU-funds files into a hard summer. PRR at €14.9 billion drawn and 61% execution with deadlines stacked 31 May to 31 December. Portugal 2030 last in EU payment-monitoring at €4.06 billion of €22.6 billion. The combined arc decides Portugal's 2026-27 public-investment cycle.
The Portugal Brief
Inside the Trabalho XXI Bill That Lands in Parliament This Week — The Banco de Horas Grupal Falls Out, the SME Reintegration Bar Goes Up, Outsourcing After Collective Dismissal Drops to Six Months and the Caducidade Path Gets Wider

Inside the Trabalho XXI Bill That Lands in Parliament This Week — The Banco de Horas Grupal Falls Out, the SME Reintegration Bar Goes Up, Outsourcing After Collective Dismissal Drops to Six Months and the Caducidade Path Gets Wider

The labour-reform bill walks into the Assembleia this week with the banco de horas grupal repealed, fixed-term grounds widened, the SME reintegration bar lifted, post-dismissal outsourcing halved to six months, and the caducidade path widened. CGTP general strike locked for 3 June.
The Portugal Brief
Grupo José de Mello Now Carries More Than 50 Shareholders Eight Years After Tearing Up the Family Protocol — Sixth Generation Already at 80, Salvador de Mello CEO at 5.56%, and the €330M Ercros Takeover Lands as the Largest Print Since Brisa

Grupo José de Mello Now Carries More Than 50 Shareholders Eight Years After Tearing Up the Family Protocol — Sixth Generation Already at 80, Salvador de Mello CEO at 5.56%, and the €330M Ercros Takeover Lands as the Largest Print Since Brisa

Eight years after the fourth-generation siblings tore up the José de Mello family protocol, Grupo Mello carries 50+ shareholders across six generations — about 80 in the sixth — and closes its largest M&A print since Brisa with the €330M Ercros takeover. Salvador de Mello runs the group at 5.56%.
The Portugal Brief