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Bank of Portugal Cuts 2026 Growth Forecast to 1.8% as Energy Shock Bites

Portugal's central bank has sharply revised down its economic outlook for 2026, cutting its GDP growth forecast from 2.3% to 1.8% while simultaneously raising its inflation projection — a combination that signals a more challenging environment for...

The Portugal Brief 05 Apr 2026

EU Parliament Calls Portugal's Short-Term Rental Rate 'Alarming' — New EU Rules Arrive in May

Members of the European Parliament's housing committee emerged from a visit to Lisbon last week with unusually blunt language: Portugal's concentration of short-term tourist accommodation is "alarming," and the country's housing crisis ranks among...

The Portugal Brief 04 Apr 2026

Portugal's House Prices Rose 17.6% in 2025 — The Biggest Annual Increase on Record

Portugal's property market delivered its most dramatic performance on record in 2025, with house prices rising 17.6% across the country — the steepest annual increase since the Instituto Nacional de Estatística (INE) began tracking residential...

The Portugal Brief 04 Apr 2026

Cracked dry earth symbolizing resource scarcity

One Month Into the Hormuz Crisis, Portugal Confronts an Oil Shock That Goes Far Beyond Fuel Prices

It has been one month since the US-Israel military operation against Iran effectively closed the Strait of Hormuz, the narrow waterway through which roughly a fifth of the world's oil supply typically flows. Brent crude has surged past $112 per barrel, its highest level in over four years,

The Portugal Brief 04 Apr 2026

Police car with emergency lights

Easter Weekend Final Toll: 13 Dead and Nearly 1,800 Accidents on Portuguese Roads

Portugal's Easter weekend claimed 13 lives and left dozens seriously injured, according to the final combined figures released Saturday by the PSP and GNR. The eight-day enforcement operation, which ran from March 27 through April 4, recorded a total of 1,706 accidents across both police forces'

The Portugal Brief 04 Apr 2026

Portugal Joins Four EU Nations Demanding Windfall Tax on Energy Companies

Portugal Joins Four EU Nations Demanding Windfall Tax on Energy Companies

Finance ministers from Portugal, Spain, Germany, Italy, and Austria have written to the European Commission demanding a bloc-wide levy on energy companies profiting from the Iran war.

The Portugal Brief 04 Apr 2026

EU Border System Goes Fully Live on April 9 — What Non-EU Travellers at Portuguese Airports Should Expect

EU Border System Goes Fully Live on April 9 — What Non-EU Travellers at Portuguese Airports Should Expect

The EU's Entry/Exit System launches fully on April 9, with Portuguese airports warning of two-hour waits for non-EU passengers. Here's what to know and how to prepare.

The Portugal Brief 04 Apr 2026

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