Portugal's economy explained: GDP data, market trends, business developments, inflation, real estate, and economic policy. Analysis of how economic trends affect daily life and expat finances.
Brussels wants 13,956 tonnes of southern hake caught in Iberian waters in 2027, down 20 percent, and 6,563 tonnes of monkfish, up 22 percent. Horse mackerel rises 6 percent and red seabream falls 35 percent. Fisheries ministers decide on 14 and 15 December.
The Conselho Económico e Social's advisory opinion on the 2027 budget favours structural pension increases over one-off supplements, says the IRS bracket update falls short of 4.5 percent pay rises, and wants a list of empty public buildings published by March.
Construction firms employ more than 427,000 people and turnover has more than doubled since 2016 to 43.5 billion euros, but the sector weighs less in the economy than in 2006 and pay is below the business average, a Banco de Portugal study of 20 years shows.
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.
Battery electric cars made up 44.9 percent of new passenger cars registered in Portugal in October, ACAP figures show, down slightly from September's record. Total registrations rose 2.4 percent in the month and 9.9 percent for the year, to 241,293.
Montenegro and Lufthansa's Carsten Spohr sign the deal for up to 49.9 percent of TAP today. The President has promulgated a special governance decree for the airline, and the European Commission's competition review comes next, with Lufthansa to bear any remedies.
The Banco de Portugal puts public debt at 88.4 percent of GDP at the end of September, down 4.2 points in a quarter and the lowest ratio since 2009. Debt stood at 284.9 billion euros after a 2 billion euro repayment to an EU bailout fund.
