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Markets, Business & Tech Briefing: PSI Dips 0.3%, TAP Final Bids Loom, EDP Tops Green List

Tuesday, 30 June 2026. Euronext Lisbon closed the first half of the year on the back foot, slipping for a second straight session as construction and pulp names dragged. Below, where the PSI settled, what bonds, the euro and Euribor are signalling, and two corporate stories — the TAP privatisation entering

The Portugal Brief 30 Jun 2026

Aerial view of Lisbon's terracotta-roofed residential buildings with the Tagus River and a cargo ship behind

Mortgage Repayments to Rise up to €60 in July Even as Euribor Tops Out

Variable-rate borrowers in Portugal face higher payments in July even though the Euribor appears to have peaked, because contracts reset on a lag. On a typical €150,000 loan, monthly instalments rise up to €60 for annual-reset mortgages. About half of primary-residence loans are variable-rate.

The Portugal Brief 30 Jun 2026

The neoclassical Sao Bento Palace, seat of Portugal's parliament, under a clear blue sky with the national flag flying

Portugal Moves to Fold 13 Welfare Payments Into a Single Benefit Ahead of an August EU-Funds Deadline

The Prestacao Social Unica would merge 13 low-income supports — including the RSI minimum income and social pensions — into one means-tested benefit, with a contested work requirement and a still-blank payment value. Portugal must enact it by late summer or risk losing about €500 million in EU recov

The Portugal Brief 30 Jun 2026

Euro banknotes of various denominations spilling from a white envelope onto a wooden surface

Portugal's Inflation Cools to 3.2% in June, but Core Prices and Energy Defy the Slowdown

Portugal's headline inflation eased to 3.2% in June from 3.3% in May, INE's flash estimate shows. But core inflation rose to 2.5%, energy stayed 9% higher and fresh food ran at 5.2% — a sign price pressure is becoming entrenched rather than fading. Final data lands on 10 July.

The Portugal Brief 30 Jun 2026

A steelworks with a blast furnace silhouetted against an orange sunset sky

EU Cuts Duty-Free Steel Import Quotas 47% From July 1, Squeezing Portugal's 250,000-Job Metalworking Sector

From 1 July a new EU regulation cuts duty-free steel import quotas by 47% and doubles the over-quota tariff to 50%, replacing safeguards that expire on 30 June. Brussels says it shields European steelmakers, but Portugal's metalworking association warns higher input costs threaten about 250,000 jobs

The Portugal Brief 30 Jun 2026

The neoclassical facade of Portugal's Parliament, the Palacio de Sao Bento in Lisbon

Portugal's Lifetime Political Pensions Shrink to 285 Recipients, With Only 17 New Entrants in a Decade

Portugal's monthly lifetime subsidies for former politicians and Constitutional Court judges have fallen to 285 recipients, down from 318 five years ago, with just 17 new entrants in a decade. The regime was closed in 2005, and payments — from about EUR1,342 to EUR3,967 a month — now shrink by attri

The Portugal Brief 30 Jun 2026

Illuminated blue fibre-optic strands fanning out against a dark background

MEO Will Operate a New 'Brexit Cable' Linking Galway to Lisbon, Ireland's First Subsea Route That Skips the UK

MEO will operate PISCES, a roughly 3,000 km subsea cable connecting Galway in western Ireland to Lisbon — the first link letting Ireland reach mainland Europe without routing through the UK. It is MEO's first new submarine cable in 11 years and adds a landing station in northern Portugal.

The Portugal Brief 30 Jun 2026

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