CTT's consolidated net profit fell 41.6% to €12.9 million in the first half of 2026 even as revenue rose 12.9% to €674.3 million. Banco CTT income grew 8.1% and the buyback expanded, but a new EU handling fee on sub-€150 parcels from China now looms over the parcel business.
Portugal Ventures, the venture-capital arm of the state development bank, is investing €2.1 million across 14 early-stage start-ups through its INNOV-ID programme. Seven are in life sciences and five in industry — a deliberate tilt toward Portugal's research strengths in health, biotech and advanced
The Azores regional government has opened the sale of SATA Handling, the ground-services arm of the islands' airline group. Bidders need five years' experience and must keep the headquarters in the Azores and freeze job cuts for 30 months — a privatisation entirely separate from the TAP sale on the
Half a year after Storm Kristin battered central Portugal on 28 January, insurers have settled 80 percent of housing claims and public aid tops €3.5 billion. Yet only a quarter of the €5.3 billion in damage was insured, businesses in Marinha Grande remain shut, and a labour shortage is stalling the
The latest Portugal news, analysis, and what it means for expats and residents.
Education Minister Fernando Alexandre says pushing the start of the secondary school year back by a week is 'on the table', giving teachers time to recover after a marking season disrupted by Portugal's first all-digital national exams. A platform outage locked graders out of some 300,000 scripts an
Portugal's minimum wage is set to rise to €970 in 2027, but the Secretary of State for Labour wants more and unions are pressing for €1,000 to €1,050. Employers and economists urge caution, warning that lifting the floor too fast into a stagnant economy would squeeze the pay of workers just above it
