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The Portugal Brief

The Portugal Brief

Maria da Graça Carvalho Pre-Announces a Plan to 'Substantially Reduce' Portugal's Fossil-Fuel Dependence — 80.7% Renewables Electricity Already, ZAER the Operative Lever, Heavy Transport, Maritime and Aviation in the Renewable-Liquid-Fuels Channel

Maria da Graça Carvalho Pre-Announces a Plan to 'Substantially Reduce' Portugal's Fossil-Fuel Dependence — 80.7% Renewables Electricity Already, ZAER the Operative Lever, Heavy Transport, Maritime and Aviation in the Renewable-Liquid-Fuels Channel

Maria da Graça Carvalho says the government will present 'very soon' a plan to substantially reduce Portugal's fossil-fuel dependency. With 80.7% of January electricity already renewable, the gap is transport and industry. ZAER zones are the lever — e-fuels the channel for ships and aviation.
The Portugal Brief
Corticeira Amorim's Q1 2026 Net Profit Falls 6.5% to €15.4 Million on a Sales Drop to €211 Million — But the Mosaic Reads Better Than the Headline as Net Debt Halves to €42.5 Million and the Board Locks a €25 Million Buyback From 11 May

Corticeira Amorim's Q1 2026 Net Profit Falls 6.5% to €15.4 Million on a Sales Drop to €211 Million — But the Mosaic Reads Better Than the Headline as Net Debt Halves to €42.5 Million and the Board Locks a €25 Million Buyback From 11 May

Corticeira Amorim Q1 2026: net profit -6.5% to €15.4M on €211M sales (-8% reported, -6.8% ex-FX). EBITDA margin lifts to 17.3%. Net debt halves to €42.5M. Board signs off a €25M buyback from 11 May plus a €0.35-per-share dividend on 26 May.
The Portugal Brief
Montenegro Walks Into the Berlin Wirtschaftstag With a 12.9% Export-Growth Pitch and a Multiannual Financial Framework Ask — Castro Almeida and Inês Domingos in Tow as Merz Closes the Stage at 19:20

Montenegro Walks Into the Berlin Wirtschaftstag With a 12.9% Export-Growth Pitch and a Multiannual Financial Framework Ask — Castro Almeida and Inês Domingos in Tow as Merz Closes the Stage at 19:20

Luís Montenegro spent Tuesday afternoon in Berlin: bilateral with Friedrich Merz at the Chancellery, then the closing block of the Wirtschaftsrat's 62nd Wirtschaftstag. The trip is timed to the next MFF debate — and Lisbon brought the Portugal-Germany trade book with it.
The Portugal Brief
Miranda Sarmento Confirms a Special Tax on Energy Companies' Extraordinary Profits — Government Will Calibrate the 2022 Contribuição Solidária Temporária Template and Walk a Bill Into Parliament 'A Breve Trecho' as Hormuz Lifts Diesel Past €2/L

Miranda Sarmento Confirms a Special Tax on Energy Companies' Extraordinary Profits — Government Will Calibrate the 2022 Contribuição Solidária Temporária Template and Walk a Bill Into Parliament 'A Breve Trecho' as Hormuz Lifts Diesel Past €2/L

Finance Minister Joaquim Miranda Sarmento confirmed on Tuesday a special tax on energy companies' extraordinary profits, calibrating the 2022 Contribuição Solidária Temporária template to the Hormuz fuel-price spike. Rate and revenue 'premature'; bill to Parliament 'a breve trecho'.
The Portugal Brief
MAI Books €36 Million for SIRESP With 33 Working-Group Recommendations and an 18-Month Timeline — Internal Administration's Luís Neves Pitches Energy Autonomy and Redundancies After the April 2025 Blackout and the Storm Kristin Centro Outage

MAI Books €36 Million for SIRESP With 33 Working-Group Recommendations and an 18-Month Timeline — Internal Administration's Luís Neves Pitches Energy Autonomy and Redundancies After the April 2025 Blackout and the Storm Kristin Centro Outage

MAI booked roughly €36 million on Tuesday to strengthen SIRESP, Portugal's emergency-communications backbone, with 33 working-group recommendations and an 18-month implementation timeline aimed at the energy and redundancy gaps exposed by the April 2025 blackout and Storm Kristin's Centro outage.
The Portugal Brief
Portugal Recovers WOAH Avian-Flu-Free Country Status After 26-Foco H5N1 Window Closes — DGAV Confirms 4 May Reset on the December 2-26 2025 Outbreak Cycle, Bird Confinement Already Lifted in April

Portugal Recovers WOAH Avian-Flu-Free Country Status After 26-Foco H5N1 Window Closes — DGAV Confirms 4 May Reset on the December 2-26 2025 Outbreak Cycle, Bird Confinement Already Lifted in April

The Direção-Geral de Alimentação e Veterinária confirmed on 4 May 2026 that Portugal has recovered its status as a country free of highly pathogenic avian influenza, after the World Organisation for Animal Health validated the close-out of the 26-outbreak cycle that ran from 2 to 26 December 2025.
The Portugal Brief