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Rows of cannabis plants growing in raised beds inside a large glasshouse, with ventilation fans and grow lights suspended from the steel roof structure above them.

The Company That Promised Europe's Largest Cannabis Plantation at Beja Grew Nothing and Left 8.5 Million Euros of Debt

The insolvency administrator and the Ministerio Publico both argue that Symtomax's collapse should be qualified as culpable, naming its British and Dutch managers. Its assets raised less than 4 percent of what the company owed the state alone.

The Portugal Brief 04 Sep 2026

An Azores Airlines Airbus A320 parked on the apron at Pico Airport in the Azores, with SATA Air Acores boarding steps at both doors and passengers walking across the tarmac.

Azores Airlines Trimmed Its Half-Year Loss to 37.1 Million Euros, and Fuel Prices Alone Took Back 11.5 Million

Fuel costs rose 29 percent across the group. Azores Airlines flew 7.7 percent fewer flights and cancelled 249 of them, at an estimated cost of four million euros. SATA Air Acores cut its loss to 2.1 million, and SATA Handling reported 2.2 million in its first split-out accounts.

The Portugal Brief 04 Sep 2026

A tree-lined Lisbon avenue photographed at night from above, with street lamps receding into the distance and a handful of cars including a taxi waiting at a junction in the foreground.

A Class Action Over Uber's Pay Algorithm Lands in Amsterdam, and Portuguese Drivers Are Eligible to Join It Even Though the Wire Reports Leave Portugal Off the List

Stichting WIE International filed on Wednesday, arguing the dynamic pay system breaches article 22 of the GDPR. Its research puts Uber's average commission at about 29 percent. Portugal's parliament capped the platform share at 25 percent nine days ago.

The Portugal Brief 04 Sep 2026

Rows of nineteenth-century townhouse facades in Vila Nova de Famalicao, painted pink and blue above and tiled in patterned azulejos below, with white iron balconies against a clear blue sky.

Portugal's Clothing and Textile Industry Is 11,965 Companies and 118,000 Jobs, and a New Study Says It Is the Factories, Not the Brands, Driving the Green Switch

A Fundação Francisco Manuel dos Santos study sizes the sector at 1.7 percent of GDP and 7.8 percent of exports, with 87 percent of the turnover in the north. Its seven case studies find Portuguese mills, not their customers, developing the new materials and processes.

The Portugal Brief 04 Sep 2026

Banco BPI Leaves Angola After 24 Years, Selling Its Last Third of BFA to an Angolan Food Group for 388.5 Million Euros

The CMVM filing sets a fixed 345 million euros at closing, 43.5 million deferred to May 2027 and half of BFA's 2026 dividend on top. The buyer is the Carrinho family's Congolian Financial. Three approvals still stand between the agreement and the money.

The Portugal Brief 03 Sep 2026

A wide view across Coimbra's hillside rooftops, rows of pale apartment blocks and older houses with orange tiled roofs stacked up the slope under a blue sky with scattered cloud.

SRAM Breaks Ground on a Third Coimbra Factory, Betting 57.5 Million Euros That Europe's Bike Parts Should Be Made in Portugal

The American components maker laid the first stone on Thursday. The AICEP contract signed in May carries 527 jobs, 16.9 million euros of state money and a mid-2028 opening. Coimbra's mayor says a parking rule nearly cost the city the plant.

The Portugal Brief 03 Sep 2026

Large steel letters spelling Faro beside a red heart sculpture on the cobbled quayside of the Faro marina, with moored motorboats and the Algarve waterfront behind.

A Spanish Fund Pays 130 Million Euros for Faro's Forum Algarve, Its First Purchase Outside Spain

Alfana Investment Management is buying the 27,400 square metre centre with 115 shops, 7.8 million annual visits and tenant sales above 120 million euros. Occupancy is close to 100 percent, and the money comes from Santander wealth-management clients.

The Portugal Brief 03 Sep 2026

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