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Business news, startups, investments, and corporate developments in Portugal.
EU-Mercosur Interim Trade Agreement Begins Provisional Application on 1 May 2026 — Port Wine, Olive Oil and Metalomechanics Get Day-One Tariff Cuts as Beef and Rice Producers Brace for Quota-Driven Pressure

EU-Mercosur Interim Trade Agreement Begins Provisional Application on 1 May 2026 — Port Wine, Olive Oil and Metalomechanics Get Day-One Tariff Cuts as Beef and Rice Producers Brace for Quota-Driven Pressure

The commercial pillar of the EU-Mercosur Partnership Agreement begins provisional application on 1 May 2026. Portugal's wine, olive oil and metalomechanics exporters get day-one tariff cuts; beef, poultry and rice producers face quota-driven pressure with a safeguard clause Lisbon helped negotiate.
The Portugal Brief
Lone Star Closes the Door on Eight Years at Novo Banco as French Group BPCE Takes 100% Ownership Today — Portugal's Fourth-Largest Bank Crosses Into the Hands of Europe's Second-Biggest Cooperative on 30 April 2026

Lone Star Closes the Door on Eight Years at Novo Banco as French Group BPCE Takes 100% Ownership Today — Portugal's Fourth-Largest Bank Crosses Into the Hands of Europe's Second-Biggest Cooperative on 30 April 2026

BPCE — the French cooperative banking group behind Banque Populaire and Caisse d'Épargne — completes the €6.4 billion acquisition of Novo Banco on 30 April, ending Lone Star's eight-year ownership and folding Portugal's fourth-largest bank into a 32-million-customer European retail group.
The Portugal Brief