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Euribor Jumps in Largest Three-Year Surge, Raising Mortgage Payments After Two Years of Declines

Euribor Jumps in Largest Three-Year Surge, Raising Mortgage Payments After Two Years of Declines

Portuguese homeowners with variable-rate mortgages will see payments rise in April for the first time in two years, as the 12-month Euribor rate posted its sharpest increase in three years amid eurozone inflation fears and Middle East conflict...

Transtejo Wants to Cut State Funding in Half — By Turning Ferry Terminals Into Shopping Hubs and Selling Tickets to Cristo Rei

Transtejo Wants to Cut State Funding in Half — By Turning Ferry Terminals Into Shopping Hubs and Selling Tickets to Cristo Rei

Transtejo-Soflusa, the state-owned ferry operator that connects Lisbon to the south bank of the Tejo, loses more than €20 million a year. But its new president, Rui Rei, believes he can cut that deficit in half—not by raising passenger fares, but by...

Portugal's 2025 Budget Surplus Beat Forecasts by 0.7 Percentage Points — Why Did the Bank of Portugal Get It So Wrong?

Portugal's 2025 Budget Surplus Beat Forecasts by 0.7 Percentage Points — Why Did the Bank of Portugal Get It So Wrong?

Portugal's fiscal year 2025 did not just deliver a budget surplus larger than the government projected. It revealed an unprecedented disconnect between the Finance Ministry and the country's key economic institutions—particularly the Bank of...

Driving in Portugal: A Complete Guide to Licenses, Tolls, Rules, and What Foreigners Need to Know in 2026

Driving in Portugal: A Complete Guide to Licenses, Tolls, Rules, and What Foreigners Need to Know in 2026

Portugal's roads can be a joy to drive—winding coastal routes, modern highways, and charming village streets. But before you get behind the wheel, there are rules, documents, and systems you need to understand. From driving licenses to tolls,...