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Government Unveils PTRR: Portugal's Multi-Billion Euro Storm Recovery and Transformation Plan

Government Unveils PTRR: Portugal's Multi-Billion Euro Storm Recovery and Transformation Plan

The Council of Ministers on Friday approved the broad outlines of PTRR -- Portugal Transformation, Recovery and Resilience -- the government's ambitious plan to rebuild after the devastating carousel of storms that battered the country in January and February 2026.

The Portugal Brief 21 Feb 2026

Afternoon Update -- Friday, 20 February 2026

Afternoon Update -- Friday, 20 February 2026

The day's developments across Portugal, in brief.TAP Privatisation: Air France-KLM Preparing Non-Binding Offer -- The Franco-Dutch airline group confirmed it is working on a non-binding bid for TAP, due by early April.

The Portugal Brief 20 Feb 2026

Portugal Leads Europe in AI Adoption as 62% of Users Go Generative

Portugal Leads Europe in AI Adoption as 62% of Users Go Generative

Portugal has the highest adoption rate of generative artificial intelligence in Europe, with 62 percent of users regularly employing AI tools -- well above the continental average of 52 percent, according to a new study by Bain and Company.

The Portugal Brief 20 Feb 2026

Algarve Dams Hit 91% Capacity, Securing Water Supply for Four Years

Algarve Dams Hit 91% Capacity, Securing Water Supply for Four Years

After two winters of intense rainfall, the Algarve's six main reservoirs have reached 91 percent capacity -- enough to guarantee the region's water supply for four years, even accounting for dry spells, according to the president of the Portuguese Environment Agency (APA).

The Portugal Brief 20 Feb 2026

Lisbon Cancels 40% of Short-Term Rental Licences in Major Cleanup

Lisbon Cancels 40% of Short-Term Rental Licences in Major Cleanup

Lisbon's city council has cancelled roughly 40 percent of all Alojamento Local (AL) licences in the capital -- some 6,765 out of approximately 19,000 registrations -- after determining that the properties behind them were inactive or never operating.

The Portugal Brief 20 Feb 2026

Markets, Business and Tech Briefing: EUR Dips, Property Prices Climb, AI Reshapes the Economy

Markets, Business and Tech Briefing: EUR Dips, Property Prices Climb, AI Reshapes the Economy

Euro Softens on ECB Leadership UncertaintyThe euro hovered near $1.179 on Thursday after reports that ECB President Christine Lagarde may leave before her term ends rattled currency markets.

The Portugal Brief 20 Feb 2026

Daily Briefing: Earthquake Rattles Lisbon, Weather Warnings, and Winter Olympics Update

Daily Briefing: Earthquake Rattles Lisbon, Weather Warnings, and Winter Olympics Update

Earthquake Felt Across Lisbon RegionAn earthquake measuring 4.1 on the Richter scale struck near Alenquer, in the Lisbon district, on Wednesday afternoon. The tremor was widely felt across the metropolitan area but caused no reported injuries or significant damage.

The Portugal Brief 20 Feb 2026

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