daily-briefing

Fuel Prices Rise Again, But Government Cushions the Blow Another Monday, another increase at the pump. Fuel prices rose again today, though the government intervened with an updated temporary ISP tax reduction: 3.2 cents per litre on diesel and 1.7...

New Lisbon Airport Confirmed at Alcochete The government has formally confirmed the Alcochete shooting range as the location for Lisbon's new airport, named Aeroporto Luis de Camoes. While endorsing the site, the government reiterated reservations...

Portugal Nearing Energy Crisis Declaration Environment Minister Maria da Graca Carvalho said Portugal is "approaching the criteria" to formally declare an energy crisis, as the Middle East conflict drives oil and gas prices higher across Europe. The...

ECB Holds Rates Amid Middle East Uncertainty The European Central Bank kept all three key interest rates unchanged on Thursday -- the deposit facility at 2%, the main refinancing rate at 2.15%, and the marginal lending facility at 2.4%. President...

Government to Approve New Immigration 'Return Law' Today The Council of Ministers will approve a new "return law" for irregular immigrants on Thursday, Prime Minister Luis Montenegro announced during Wednesday's parliamentary debate. The legislation...

EU commits 200M to Portugal submarine cables, Seguro marks 10 days in office, PSI gains on Galp surge, Fed decision today, clocks forward March 29.