Markets, Business & Tech Briefing: PSI Slips 0.6%, Galp Bucks Decline, Indaqua Bids Top €1B
The latest Portugal news, analysis, and what it means for expats and residents.
Latest
Forum Portugal Nação Global Opens at the CCB With 634 Participants From 43 Countries — 415 B2B Meetings on the Schedule and 99 Diaspora Companies Eye €500K-€5M Tickets Into Portugal
The Centro Cultural de Belém opened the first edition of the Forum Portugal Nação Global on Wednesday — 634 participants from 43 countries, 415 B2B meetings, and 99 diaspora-led companies eyeing €500K-€5M tickets into Portugal.
Household Deposits in Portuguese Banks Hit a Record €201.7 Billion in March — Banco de Portugal Logs +4.8% Year-on-Year, Term Deposits Lead the Monthly Bump and Corporate Deposits Surge 11.6%
Portuguese households parked a record €201.7 billion in resident-bank deposits at the end of March 2026 — annual growth accelerated to 4.8%, term deposits led the monthly bump, and non-financial-corporation deposits surged 11.6% year-on-year, the strongest pace since June 2022.
Brussels Refers Portugal to the EU Court of Justice Over the Renewable-Energy Directive — Lisbon Joins Greece and Malta on Directive 2023/2413, Plus a Reasoned Opinion on Electricity-Market Rules
The European Commission has referred Portugal to the EU Court of Justice for failing to transpose the recast renewable-energy directive into national law — and added a parallel reasoned opinion on the new electricity-market rules in the same Wednesday package.
CP President Pedro Moreira Goes Public Against the Subconcession of the Suburban Lines — €430,000 Deloitte Study Lands on Pinto Luz's Desk and the Strategic Plan Has No Provision for It
CP president Pedro Moreira broke ranks publicly Monday at FEUP — the operator's strategic plan contains no provision for subconcessioning its most profitable suburban lines. Deloitte's €430,000 study landed on Pinto Luz's desk 24 April.
INE's April Indicators Pull in Opposite Directions — Consumer Confidence Drops to a 29-Month Low While the Economic Climate Edges Up, and Households Post Their Sharpest Negative Read on Personal Finances Since the Pandemic
INE's April release shows consumer confidence at a 29-month low while the economic climate indicator rose, breaking three months of declines. Past household-finance assessments fell at the sharpest pace since the early-pandemic months of April and May 2020.
Santander Totta's Q1 Profit Slips 9.8% to €242 Million as Net Interest Margin Compresses — Lending Book Climbs to €56.2 Billion and the Bank Originates One in Five New Portuguese Mortgages
Santander Totta posted €242.4M Q1 net profit, down 9.8% YoY as net interest margin compressed 3.5%. Lending grew 10.8% to €56.2bn, the bank wrote one in five new Portuguese mortgages, and CET1 hit 15.6%. RoTE remained 31.4%, the highest in the system.