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The Portugal Brief
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The Portugal Brief

The Portugal Brief

Politics

PS Aligns With PSD to Kill Chega's Constitutional Revision Push on Tuesday 12 May — Socialist Secretariado Nacional Says the Portuguese 'Do Not Ask for a Constitutional Revision' Inside the 30-Day Counter-Project Window

Tuesday 12 May 2026: the PS Secretariado Nacional formally rules out tabling a constitutional revision project. PSD's António Rodrigues told TSF the party will block Chega's proposals. Without either, the 154-vote two-thirds threshold under Article 286 is mathematically out of reach.

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Banco de Portugal Walks the Folheto de Comissões Out of Its Two-Decade-Old Labyrinth — Supervisor Opens a Multi-Year Reformulation of Bank Fee Disclosures and the Comparador de Comissões Targeting Cross-Bank Comparability Through 2028

Tuesday 12 May: Banco de Portugal opens a multi-year reformulation of the Folheto de Comissões — two-decade-old rules under Aviso 8/2009 produced a labyrinth of dozens-of-page documents. Supervisor targets simpler templates, cross-bank comparability and Comparador-de-Comissões expansion by 2028.

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Seguro Promulgates the Pacote Fiscal Habitação on Monday Evening 12 May — IVA on Moderate-Price Construction Drops to 6%, IRS on Moderate Rents Falls From 25% to 10% Through 2029, Non-Resident IMT on Habitação Locks Fixed at 7.5% Without Isenções

Monday evening 12 May: President Seguro promulgates the Pacote Fiscal Habitação — IVA on moderate-price construction drops to 6%, IRS on moderate rents falls 25%→10% through 2029, non-resident IMT locks fixed at 7.5%, tenant deduction rises to €900 in 2026 and €1,000 from 2027.

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Lusa Workers Walk a 24-Hour National Strike on Wednesday 20 May 2026 — SJ, SITESE and SITE CSRA Concentrate at São Bento as Parliament Debates the Estatuto Revision, the Move-to-RTP-Campus File and the Governmentalisation Risk

Lusa workers approve a 24-hour national strike for Wednesday 20 May 2026 with a concentration at São Bento — timed to the parliamentary Estatuto-revision debate. SJ, SITESE and SITE CSRA flag governmentalisation risk and the possible relocation of Lusa's headquarters to the RTP campus.

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Fundo Ambiental Walks the Floresta Azul Programme Into Its 2026 Disbursement Phase — €1 Million Drops on Marine-Meadow Restoration for the Ria Formosa, the Sado Estuary and the Natura-2000 Coastal Tape

Tuesday 12 May: Fundo Ambiental drops €1 million on the first 2026 tranche of the €2M Floresta Azul programme — marine-meadow restoration across the Ria Formosa, Sado estuary and Natura-2000 coastal sites. Portugal's first dedicated blue-carbon line, the pilot under the EU Nature Restoration Law.