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Portugal

Portugal's Week Ahead 11-17 May 2026 — Wednesday's IGCP €1.5 Billion OT Auction and Mota-Engil Q1, Trabalho XXI Walks Into Parliament, Fátima's 109th-Anniversary Pilgrimage, and the Bolsa's Final Q1 Earnings Wave

Portugal's working week of 11-17 May 2026 packs the IGCP €1.5 billion OT auction and Mota-Engil Q1 on Wednesday, the Trabalho XXI anteprojeto walking into Parliament, the 109th-anniversary Fátima 12-13 May pilgrimage, and the United Newark-Faro restart on Friday.

Portugal

Mota-Engil Q1 2026 Earnings Land Wednesday 13 May — Preview Reads the €113.5 Million Linha do Minho Win Into the Hopper, the €5+ Billion Africa Backlog and the Latin-America FX Cushion as the Q1 2025 €40 Million Net-Profit Base Sets the Tape

Mota-Engil reports Q1 2026 after market close Wednesday 13 May. The 8 May €113.5M Linha do Minho win lands in Q2 backlog; the Q1 print frames the 2025 €40M base, the €15-16B order book, the Africa EBITDA-margin trajectory and the Mozambique LNG mobilisation read.

WRC

Vodafone Rally de Portugal 2026 Heads Into Sunday With Ogier +21.9s on Neuville — Solberg's Paredes Rain Surge Cost the Frenchman 19 Seconds Before an Afternoon Recovery, FIA Fines ACP €15,000 for the Friday Stage-7 Safety Breach

Sébastien Ogier ends Saturday at the 59th Vodafone Rally de Portugal +21.9 on Neuville and +25.8 on Pajari, after a Paredes rain crisis briefly handed the lead to Oliver Solberg. The FIA fines ACP €15,000 (suspended) for the Friday Arganil 2 incident.

Labour

Going Into Summer 2026 With No Labour Deal — Trabalho XXI Walks Into Parliament Unsigned, the CGTP Locks 3 June for the General Strike, and Private-Sector Wages Print +6% as the Insolvency Tape Climbs 7.8%

Trabalho XXI walks into Parliament without a Concertação Social signature, the CGTP has locked 3 June for the general strike, private-sector wages are running +6% YoY and the insolvency tape is up 7.8%. The labour-policy summer in Portugal will be busier than the political calendar suggests.

EU

Portugal at 40 in the European Union — The Cohesion Balance Sheet on Dia da Europa: €4.06 Billion of €22.6 Billion Drawn on Portugal 2030, €130 Million in Fresh Avisos Today, and the 2034 Date When Lisbon Stops Being a Net Beneficiary

The 9 May 2026 ceremony in Porto closed Portugal's 40th year in the EU. Behind the speeches sits a cohesion balance sheet whose maths is turning: 18% drawn on Portugal 2030, a still-running PRR, and a 2034 date when Lisbon stops being a net beneficiary of the EU budget for the first time since 1986.