Portugal news in English.

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The Portugal Brief

Economy

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.

Banco de Portugal

Banco de Portugal's 2025 Behavioural Supervision Report Walks Banks Into €8.91 Million of Customer Refunds — €8.24 Million in Indevidas Commissions, 3,298 Specific Determinations and 52 Contraordenação Proposals Across the Inspection Tape

Banco de Portugal's 2025 Behavioural Supervision Report — the annual file from Avenida Almirante Reis that aggregates every consumer-protection inspection, mystery-shopper visit and complaint-driven enforcement action the supervisor ran against the...

Dividends

Portuguese Family-Controlled Groups Walk Away With €653 Million From the 2026 Cotada Dividend Cycle — Soares dos Santos Leads, Azevedo and Amorim Take the Next Two Steps of the Podium and Queiroz Pereira Drops Out as Navigator's Cheque Halves

The 2026 dividend cycle of the Portuguese cotadas — the listed companies that anchor the PSI index — has now closed enough of its calendar to allow the family-controlled-group rankings to be drawn. Jornal de Negócios's accounting puts the headline...

Klepierre

Klépierre Walks the Aqua Portimão Joint-Venture Buyout Across the 7 May Trading Update — Generali Immobiliare's 50% Stake Lands With the French Mall Operator for €59 Million, and the Western-Algarve Anchor Moves to Full Klépierre Ownership

The French shopping-centre operator Klépierre has confirmed that on 16 April 2026 it acquired the remaining 50% stake in Aqua Portimão — the dominant retail anchor of the western Algarve — from joint-venture partner Generali Immobiliare for a total...

Housing

INE Reads New-Housing Construction Costs Up 5.8% in March 2026 — Labour Component Climbs 8.2% Against a 3.7% Materials Print, the Wedge Widens 1.0 Percentage Points From February and the Index Now Sits 30%-Plus Above the 2021 Base

INE reads the Construction Cost Index for new housing at +5.8% year-on-year in March 2026 — labour climbs 8.2%, materials 3.7%, and the headline wedge widens 1.0pp from February. The labour-cost trajectory is the structural read inside Portugal's housing-affordability calculus.

Pharma

Hovione Names António Almeida and Marco Gil Co-CEOs as Jean-Luc Herbeaux Steps Down on 21 May After Three-Year Run — Both Incoming Executives Carry 19-Year Tenures and the Permanent CEO Search Is Already Open

Hovione, Portugal's flagship pharmaceutical contract-development-and-manufacturing group, will replace Jean-Luc Herbeaux with a two-person co-CEO bridge on 21 May 2026. António Almeida (CFO) and Marco Gil (SVP Sales & Marketing) take the top job jointly; both joined Hovione in 2007.