CTT has started selling a controlling stake in Banco CTT and says nine-month profit fell 39.8 percent to 19.8 million euros after EU customs changes hit cheap parcels from outside the EU. Deposits stay covered up to 100,000 euros, and nothing changes for customers yet.
IGCP had treated a 2009 savings account as lost to the state. The Lisbon Court of Appeal says an heir's time limit only starts once they learn of the death and of the certificates. Since 2024, heirs of Series A and B certificates have 20 years from the death.
From Sunday, every parcel bought online from outside the EU carries a 2 euro EU handling fee per item type, at any value, on top of the 3 euro duty on orders up to 150 euros. Here is how it is counted, who pays and how to avoid a bill on delivery.
The cabinet approved about 8.5 million euros so Social Security can keep paying pensions and benefits by postal order until 2029 to people with no IBAN on file. How postal orders work and the three ways to switch to bank transfer.
CTT and DHL closed their Iberian e-commerce parcels JV on Tuesday. CTT encaixa €64 million net cash, takes 25% of DHL eCommerce Spain via Danzas, gives DHL 25% of CTT Expresso, and targets €35M+ annual EBIT synergies in 2–3 years. EU clearance landed 19 March 2026.
CTT's Q1 2026 numbers — Guy Pacheco's debut quarter as CEO — print net profit down 17.6% to €4.5 million on Iran-Hormuz, the January-February storm cluster and a 39.6% collapse in public-debt placements, even as revenue lifts 14.1% to €329.4 million.
CTT shareholders elected former CFO Guy Pacheco as Chief Executive Officer on Thursday, ending João Bento's near-seven-year tenure. The 48-year-old economist inherits an Iberian-leadership strategy and a board reshaped by Manuel Champalimaud's 35%-plus shareholder bloc.
