Portugal news in English.

Subscribe

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.

Economy

IMF Article IV Mission Pushes Lisbon to Reverse the IRS Jovem and the IVA Reduzido on Restaurants — Mission Chief Jean-François Dauphin Flags €693 Million in Lost 2026 Revenue and a 4.2% Inflation Path if the Iran War Drags Into 2027

The IMF's 2026 Article IV concluding statement — released Tuesday in Lisbon — recommends Portugal reverse the IRS Jovem and the IVA reduzido on restaurants, replace the fuel-excise cut with targeted support, and link early retirement to the statutory age.

Government

Miranda Sarmento Confirms a Special Tax on Energy Companies' Extraordinary Profits — Government Will Calibrate the 2022 Contribuição Solidária Temporária Template and Walk a Bill Into Parliament 'A Breve Trecho' as Hormuz Lifts Diesel Past €2/L

Finance Minister Joaquim Miranda Sarmento confirmed on Tuesday a special tax on energy companies' extraordinary profits, calibrating the 2022 Contribuição Solidária Temporária template to the Hormuz fuel-price spike. Rate and revenue 'premature'; bill to Parliament 'a breve trecho'.

Economy

Compete 2030 Reprogramming Lands a One-Third-of-Envelope Tender Wave Worth €1.1 Billion in STEP Concursos and a New Portuguese Financial Instrument for Startups — Alexandra Vilela Says the 10% Co-Financing Uplift Is the Operative Lever

Compete 2030 reprogramming opens five concursos worth ~€1.1bn — four STEP notices plus a €200M industrial-decarbonisation notice. President Alexandra Vilela tells ECO a new Portuguese financial instrument for startups is on the way and 10% co-financing uplift is the lever.