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Portugal Races to Save €880 Million in Competition Fines From Expiring on a Deadline Loophole

The Competition Authority says about €880 million in fines across banking, energy, telecoms, retail and transport could expire between now and March 2027 on a prescription technicality. The €225 million banking cartel case already collapsed this way, and Parliament is scrambling to close the loophol

The Portugal Brief 02 Jul 2026

The neoclassical facade of Portugal's parliament, the Palacio de Sao Bento in Lisbon, flying the Portuguese flag

Portugal's Lobbying Law Arrives July 27 With a Public Transparency Register and Two-Year Bans for the Unregistered

On 27 July 2026 Portugal's Lei da Representacao de Interesses takes effect, creating the RTRI — a public lobbying register run by Parliament. Anyone seeking to influence public policy must sign up within 60 days or risk a two-year ban on institutional contacts. But the platform is not live yet.

The Portugal Brief 02 Jul 2026

Candlestick stock chart trending upward on a trading screen

Markets, Business & Tech Briefing: PSI Rebounds 1.2%, Unbabel Wound Up, Bank of Portugal Tightens Credit

Thursday, 2 July 2026. Euronext Lisbon snapped a three-session losing streak in style, rallying broadly to a one-month high as retail, telecoms and paper names led an advance that lifted almost the entire index. Below, where the PSI settled, what bonds and a rebounding euro are signalling, and three business

The Portugal Brief 02 Jul 2026

A row of European Union flags flying outside the European Commission's Berlaymont building in Brussels

Brussels Channels €81.4 Million to Portugal to Green the Judicial Police and Forensic-Medicine Estate

The European Commission is putting €81.4 million into Portugal from its carbon-market-funded Modernisation Fund — €67 million to modernise the Judicial Police's energy systems and €14 million for greener forensic-medicine buildings, part of a €2.5 billion round across ten member states.

The Portugal Brief 02 Jul 2026

A bronze statue of a blindfolded Lady Justice holding balanced scales against a plain grey background

Prosecutors Seek to Convict Cruise Magnate Mário Ferreira Over a €1 Million Tax-Fraud Scheme Routed Through Malta

In closing arguments in Porto, the Public Prosecution Service asked the court to convict businessman Mário Ferreira of qualified tax fraud over the 2015 sale of the ship Atlântida through a 'hollow' Malta company, alleging a €3.7 million undeclared gain and roughly €1 million in evaded tax.

The Portugal Brief 02 Jul 2026

Euro banknotes in ten- and fifty-euro denominations spilling from a white envelope onto a wooden table

Portugal's Tax Breaks Swell to €21 Billion in 2025, an Amount the Court of Auditors Says Escapes Real Scrutiny

The Tribunal de Contas (Court of Auditors) estimates Portugal forwent €21 billion in tax benefits in 2025 — 6.8% of GDP and about 37% more in real terms than in 2020. Reduced VAT rates make up roughly 60%, and the auditors want each break costed, justified and reviewed like direct public spending.

The Portugal Brief 02 Jul 2026

Portugal's Trade Turnover Growth Slows to 1.5% in May as Wholesale Sales Slide Into Negative Territory

Portugal's Trade Turnover Growth Slows to 1.5% in May as Wholesale Sales Slide Into Negative Territory

INE data show Portugal's trade turnover growth slowing to 1.5% year-on-year in May from 4.7% in April, with wholesale swinging to -1.0%, retail up 3.2% and vehicle sales up 4.8% — a broad deceleration across the commercial economy.

The Portugal Brief 02 Jul 2026

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