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Portugal's 2026 Budget Assumptions Are Already Obsolete, ECB Data Shows, as Twin Crises Push the Country Toward Deficit

Portugal's 2026 Budget Assumptions Are Already Obsolete, ECB Data Shows, as Twin Crises Push the Country Toward Deficit

Oil price assumptions in the 2026 state budget are off by more than 24 percent according to ECB projections, while Euribor forecasts have also shifted upward. Combined with storm reconstruction costs, economists now expect growth well below government targets.

Bank of Portugal Confirms First-Quarter Economic Decline and Warns Storm Damage Surpasses the 2017 Wildfires

Bank of Portugal Confirms First-Quarter Economic Decline and Warns Storm Damage Surpasses the 2017 Wildfires

Governor Alvaro Santos Pereira revealed that economic activity contracted in Q1 2026 after Storm Kristin devastated central Portugal, with the 68 municipalities under a state of calamity accounting for nearly a fifth of all business and mortgage credit in the country.

Free Week of Train Travel and Hostels for Under-30s: How Portugal's ANDA Programme Works in 2026

Free Week of Train Travel and Hostels for Under-30s: How Portugal's ANDA Programme Works in 2026

Portugal is giving young people a free week to explore the country by train. The ANDA Conhecer Portugal programme, relaunched on March 24 by the Movy cooperative (formerly Movijovem), offers seven days of unlimited CP train travel and six nights of...

AIMA Cultural Mediators Call Strike for March 30, Warning the Immigration Agency Cannot Function Without Them

AIMA Cultural Mediators Call Strike for March 30, Warning the Immigration Agency Cannot Function Without Them

Portugal's immigration agency is facing another disruption. Cultural mediators at AIMA (Agencia para a Integracao, Migracoes e Asilo) have announced a strike for Sunday, March 30, demanding integration into the agency's permanent workforce after...

Portugal's Tax Authority Confirms Non-Residents Cannot Claim Capital Gains Reinvestment Exemption When Selling Property

Portugal's Tax Authority Confirms Non-Residents Cannot Claim Capital Gains Reinvestment Exemption When Selling Property

If you are a Portuguese citizen living abroad or a foreign national who owns property in Portugal but is no longer tax resident there, a recent ruling from the Autoridade Tributaria (AT) has made one thing unmistakably clear: you cannot claim the...

Portugal's New Housing Tax Package Promises Relief, but EU Rules Limit the Boldest Measure

Portugal's New Housing Tax Package Promises Relief, but EU Rules Limit the Boldest Measure

The Portuguese government spent Tuesday laying out the fine print of what may be the most significant housing policy intervention in years. At a seminar in Lisbon organized by Imojuris at the offices of law firm VdA, Secretary of State for Tax...