Markets, Business & Tech Briefing: PSI Falls 0.88%, Oil Slide Hits Galp, State Wealth Fund Eyed
The latest Portugal news, analysis, and what it means for expats and residents.
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A Government Commission Hands Lisbon a Blueprint to Shield Regulators From Budget Squeezes and Political Appointments
A commission chaired by former energy-regulator chief Jorge Vasconcelos has set out how to strengthen the independence of Portugal's watchdogs, targeting Finance Ministry spending freezes and the way board members are appointed.
Parliament Sinks the Government's Sweeping Labour-Code Overhaul as Chega Switches Sides
The government's flagship rewrite of the Labour Code was voted down in Parliament after Chega reversed course and joined the left, leaving more than 100 proposed changes in limbo.
Seventeen Municipalities Hit Top Wildfire Alert as a June Heat Spike Drives Up Emergency Calls
IPMA placed 17 municipalities across eight districts on maximum rural-fire danger as temperatures climbed toward 37C, while INEM logged roughly 6,000 more emergency calls this month than a year ago.
Maze Lines Up a €40 Million Fund to Buy Lisbon Flats for the Homeless, Plus €25 Million for Health and Climate Startups
Lisbon impact investor Maze is launching two new funds — a €40 million vehicle to buy apartments for the homeless under the Housing First model and a €25 million fund for health and climate startups.
Municipalities Plead for a Financing Lifeline Before the August Deadline Forces Repayment on Half-Finished Recovery-Plan Schools and Clinics
The National Association of Portuguese Municipalities has asked the government for alternative financing as the August Recovery-Plan deadline threatens to claw back money for unfinished schools, clinics and housing.
Court of Auditors Fires Back at the Government Over the Lisbon Oriental Hospital, Saying It Cleared the €800 Million Contract in 27 Working Days
The Tribunal de Contas rejected the government's claim that its review delayed and inflated the new Eastern Lisbon Hospital, saying it approved the €800 million public-private contract in just 27 working days.