🇵🇹 Daily Portugal news for expats & investors — FREE Subscribe
Sign in Subscribe
The Portugal Brief

The Portugal Brief

Budget Committee Greenlights a Parpública Hearing on the State-Enterprise Profit Collapse — UTAO 6/2026 Reads 2025 Net Profits Down 98% Across 126 SEE Firms, From €480 Million to €11 Million, as PSD Blocks the Miranda Sarmento Summons

Budget Committee Greenlights a Parpública Hearing on the State-Enterprise Profit Collapse — UTAO 6/2026 Reads 2025 Net Profits Down 98% Across 126 SEE Firms, From €480 Million to €11 Million, as PSD Blocks the Miranda Sarmento Summons

Parliament's Budget and Finance Committee approved a hearing of Parpública's chairman on the 98% collapse in 2025 state-enterprise profits — €480M to €11M across 126 firms — flagged in UTAO Report 6/2026. PSD blocked the parallel motion to summon Miranda Sarmento.
The Portugal Brief
Banks Lend Households €4.057 Billion in March 2026 — First Print Above Four Billion in the Banco de Portugal Series Since January 2003, Mortgage Rate Eases to 2.81% and Term-Deposit Rates Post the Biggest Monthly Jump in Two and a Half Years

Banks Lend Households €4.057 Billion in March 2026 — First Print Above Four Billion in the Banco de Portugal Series Since January 2003, Mortgage Rate Eases to 2.81% and Term-Deposit Rates Post the Biggest Monthly Jump in Two and a Half Years

BdP's March release puts new household loans at €4,057 million — the first print above four billion since the series began in January 2003. Housing leads at €2,238M, the new mortgage rate eases to 2.81%, and term-deposit rates post their biggest jump in 2.5 years.
The Portugal Brief
Savannah Resources Wins Its Second Administrative Easement at Boticas — Today's Diário da República Clears 24 Plots Inside the C-100 Mining Concession for Geotechnical Drilling, With 2027 Construction and 2028 First Lithium Still on the Calendar

Savannah Resources Wins Its Second Administrative Easement at Boticas — Today's Diário da República Clears 24 Plots Inside the C-100 Mining Concession for Geotechnical Drilling, With 2027 Construction and 2028 First Lithium Still on the Calendar

Today's Diário da República grants Savannah Resources its second administrative easement at Boticas, covering 24 plots inside the C-100 concession. The legal mechanism unlocks immediate access for geotechnical drilling and keeps the 2027 construction, 2028 first-production calendar intact.
The Portugal Brief
Túnel do Marão Closes Its First Decade With 45 Million Vehicle Crossings — A4 Daily Average Climbs From 9,590 in Pandemic-Hit 2020 to 17,560 in 2025 as the Toll-Free Reset Lands Its Full Year

Túnel do Marão Closes Its First Decade With 45 Million Vehicle Crossings — A4 Daily Average Climbs From 9,590 in Pandemic-Hit 2020 to 17,560 in 2025 as the Toll-Free Reset Lands Its Full Year

Infraestruturas de Portugal marks the Túnel do Marão's tenth anniversary with 45 million cumulative crossings. The 5.6 km Iberian record-holder anchors the A4 Vila Real–Amarante stretch, with daily traffic up from 9,590 in 2020 to 17,560 in 2025 after the January 2025 toll elimination.
The Portugal Brief
Primark Books €45 Million Into Portugal for Four New Stores and 300 Jobs — Castelo Branco, Setúbal, Vila Nova de Gaia and a First Street-Level Store on Porto's Rua Santa Catarina

Primark Books €45 Million Into Portugal for Four New Stores and 300 Jobs — Castelo Branco, Setúbal, Vila Nova de Gaia and a First Street-Level Store on Porto's Rua Santa Catarina

Primark Iberia commits €45M to Portugal for FY2026-27, opening in Castelo Branco, Setúbal, Vila Nova de Gaia and Porto — its first stand-alone street-level store in the country. 300 new jobs lift Portuguese headcount above 2,100; the Iberian envelope reaches €85M with €40M for Spain.
The Portugal Brief
EDP Renováveis Posts a 36% Q1 Profit Jump to €70 Million on a US-Led Recovery — Capex Cut Almost in Half to €324 Million as Stilwell Steers a Tighter 2026 Capacity Year

EDP Renováveis Posts a 36% Q1 Profit Jump to €70 Million on a US-Led Recovery — Capex Cut Almost in Half to €324 Million as Stilwell Steers a Tighter 2026 Capacity Year

EDPR's Q1 2026 results land at €70 million net profit, up 36%, with €489 million recurring EBITDA and 20.5 GW of installed capacity. The number behind the headline is the capex cut — investment falls roughly 50% from €610M to €324M as the group reweights toward US growth at lower opex.
The Portugal Brief