The 12-, 6- and 3-month Euribor all moved up in April even though the ECB voted unanimously to hold rates on 28 April. Variable-rate Portuguese mortgages reset off the April monthly average, so May instalments rise — by around €50/month on a typical contract — without any Frankfurt move.
Pedro Dominguinhos, who chairs the PRR National Monitoring Commission, warned that Portugal has two months to push four reforms through Parliament — Prestação Social Única, tax-benefits overhaul, renewables licensing and go-to areas — or lose up to €1.5 billion in EU funding.
The latest Portugal news, analysis, and what it means for expats and residents.
IPMA's forecast for the 1 May long weekend has Beja and Santarém at 28°C on Saturday and Santarém touching 31°C on Sunday, with showers and thunderstorms in interior and mountain regions. Bragança, Castelo Branco and Guarda are under a yellow rain advisory; above-normal temperatures run to 17 May.
CIVISA has lowered the Faial-Pico Channel volcanic alert from V1 back to V0 after a month-long quake swarm at the Cachorro Submarine Volcanic System eased. The alert had been raised in early April; events ran from 20km depth to near-surface.
Lufthansa Technik's €309 million MRO factory at Lusopark in Santa Maria da Feira has obtained Portugal's environmental impact statement. Construction starts this summer with 526 jobs targeted by 2030, a 30-tonnes-a-day component throughput, and first production scheduled for 2028.
Metro de Lisboa suspends the Linha Verde between Cais do Sodré and Martim Moniz from Saturday 2 May to Tuesday 5 May for Linha Circular tunnel works. Trains run only between Martim Moniz and Telheiras; Carris adds capacity on bus 208, 760, 207 and trams 15E and 25E. Service resumes Wednesday 6 May.
