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Politics

PJ Sweeps PS Câmaras, Juntas and the Largo do Rato HQ on Thursday 28 May — 400 Inspectors and Seven DIAP Lisboa Prosecutors Move on 37 Arguidos, Five Detentions and the Santa Maria Maior Junta of Miguel Coelho on Prevaricação Charges

Roughly 400 PJ inspectors and seven DIAP Lisboa prosecutors moved on PS câmaras, juntas and the Largo do Rato HQ on 28 May — 60 home and 32 non-residential search warrants in Lisbon, Mafra, Oeiras and Coimbra, 37 arguidos and the Santa Maria Maior junta on the charge sheet.

28 May 2026

Daily Briefing

General Daily Briefing — Thursday, 28 May 2026

The latest Portugal news, analysis, and what it means for expats and residents.

28 May 2026

Lisbon

Carlos Moedas Says CML Was Bypassed on 93 Lisbon Storm-Aid Candidaturas — Câmara Got CCDR Platform Access Only on 20 May for Bad-Weather Reconstruction

Lisbon Mayor Carlos Moedas said the câmara was 'caught by surprise' by 93 reconstruction-aid candidaturas filed by Lisbon residents through a government platform the CML only got on 20 May. The dispute opens a new front between Moedas and central government on post-Storm-Kristin support.

28 May 2026

Justice

Ministério Público Indicts Three in the TAP and Hi Fly Suspected-Unapproved-Parts Ring — 2015-2023 Scheme Faked Aeronavegabilidade Documents Under Operação Voo Cego

The Ministério Público charged three suspects on 27 May with a 2015-2023 scheme that diverted uncertified aircraft components to TAP and Hi Fly — parts that posed 'medium or high' safety risks. Charges include criminal association, peculato and atentado against air-transport safety.

28 May 2026

Politics

Miranda Sarmento's Two-Year Despesa Squeeze Meets a CFP Forecast That Outruns the Government on the 2027-28 Spending Path to Brussels

The Conselho das Finanças Públicas projects 2027-28 primary current spending growth above the path Finance Minister Joaquim Miranda Sarmento committed to Brussels. The Thursday 28 May reading flags rigidity in pensions and civil-service wages and calls the 2% growth forecast overly optimistic.

28 May 2026

Banking

Banco de Portugal's Décade-Long Audit Squeezes Crédito-Habitação Spreads to 0.89 Points in 2024 — A Third of the 2.68 Points Banks Charged in 2014 With 90% of New Contracts Below 1%

A Banco de Portugal audit puts Portugal's average crédito-habitação spread at 0.89 percentage points in 2024 — a third of the 2.68 points banks charged in 2014. Nearly nine in ten new contracts were written at sub-1% spreads as competition and liquidity pushed the structural margin down.

28 May 2026

Banks

BCP Files a €407.46 Million Recompra de Ações With CMVM for the 4 June to 4 December Window — JPMorgan Cleared to Lift Up to 1.184 Billion Shares for Cancellation

Millennium BCP filed a €407.46 million buyback with the CMVM on 27 May — double the 2025 cycle — with JPMorgan running the book from 4 June to 4 December 2026. The cap covers up to 1.184 billion shares (8% of capital) at a 15%-band around average trading prices; all to be cancelled.

28 May 2026