Portugal news in English.

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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.

Banking

Caixa Geral de Depósitos Q1 2026 Net Profit Edges 1% to €397 Million — Paulo Macedo Books a €1.25 Billion Dividend, the Largest in Portuguese Banking History, and Sets 3 June as the Binding-Bid Deadline for the Brazilian Subsidiary

CGD Q1 2026 net profit was €397 million (+1%). The headline event is the €1.25 billion dividend to the Treasury — the largest from any Portuguese bank in history. Macedo set 3 June as the binding-bid deadline for the Brazilian subsidiary (Nubank, Garantia, MD Capital, Sputnik in the room).

Agriculture

Portugal's 2025–2026 Olive Oil Campaign Closes at 160,000 Tonnes — Production Has Quintupled in 26 Years and Is Worth €700 Million as CEPAAL Pushes a Portuguese Brand to Reclaim the Margin That Currently Flows to Spanish and Italian Bottlers

Portugal closed the 2025–2026 olive oil campaign at 160,000 tonnes — five times the production at the start of the century — worth €700 million at current bulk prices. CEPAAL is pushing a Portuguese brand to capture the margin currently flowing to Spanish and Italian bottlers.

Economy

Brent Cracks Below $100 to $99.55 on the Trump-Iran Hormuz De-escalation — Portugal's Energy-Shock Unwind Resets the Pump-Price Trajectory, Galp's Downstream Tail-Wind and the IMF Article IV's Fuel-Excise Recommendation

Brent July futures cracked below $100 to $99.55 on Thursday, down 12.5% from Tuesday's $113.54 peak, after Trump paused the Hormuz Project Freedom escort initiative. The unwind resets pump-price trajectories and reframes the IMF Article IV fuel-excise recommendation.