Markets Briefing
Markets, Business & Tech Briefing: PSI Up 0.59%, Galp Q1 Beats, EDP Renováveis Surges 4%
The latest Portugal news, analysis, and what it means for expats and residents.
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
BES Bad-Bank Creditors Have Started Filing Compensation Claims — Resolution Fund Faces a €650 Million Bill Under the No-Creditor-Worse-Off Principle
Twelve years after the resolution that broke Banco Espírito Santo into a good bank and a bad bank, the cheque is finally being totted up on the bad side. ECO reports today that common creditors of the BES estate have begun filing formal compensation...
Economy
Sacyr-DST-ACA Become the First Public Bidder for the €5.4 Billion Oiã-Soure High-Speed-Rail Concession — IP's Relaunched Tender Sets a 25 May Deadline After 2024's First Procurement Drew No Valid Offer
The first publicly named bidder has stepped forward for the second-section concession of the Lisbon-Porto high-speed rail line. The DST president, José Teixeira, told Jornal de Negócios on Sunday night that the consortium of Spain's Sacyr with...
Markets Briefing
Markets, Business & Tech Briefing: PSI Sheds 0.92%, EDP Lone Gainer, Earnings Week Opens
In today's briefing: • PSI Closes the Week at 9,123.76 • 10-Year OT Holds Just Above 3.4% • Euro Slips Back Below $1.17 • The Earnings Parade Begins Monday • Weekend Tape: M&A Cools, Storm Aid Flows • Outlook for Monday
News
Macau Signs 109 Cooperation Deals With Portuguese and Spanish Firms in a Single Week — Sam Hou Fai's Lisbon-Madrid Tour Pitches Hengqin as the Iberian Bridge Into the Mainland
Macau's IPIM says a 120-strong delegation closed 109 agreements during 220+ B2B sessions in Lisbon and Madrid between 19-24 April. Sam Hou Fai met Seguro, Montenegro, Aguiar-Branco and STJ president João Cura Mariano, then took the same pitch to Geneva and Brussels.
News
€2bn of the €3.5bn Storm Aid Package Has Reached Households and Firms — Paulo Fernandes Says Just 3,000 of 36,000 Housing Files Paid, €3.3M of a €10M Agriculture Dotation Out the Door
Paulo Fernandes says €2bn of the €3.5bn aid envelope has reached the ground — but housing has paid 3,000 of 36,000 applications, agriculture is at €3.3M of a €10M dotation, and fishing has paid 56 of 1,268 files.
Economy
Government Trims the ISP Discount on Diesel by Another 0.8 Cents — Two-Week Tax Bump Now 2.3 Cents as Maria da Graça Carvalho Pockets Part of the Crude Slide
From Monday the temporary ISP discount on diesel falls another 0.8 cents — the third cut in a month. Over two weeks the Government has clawed back 2.3 cents from the discount as crude prices slide; gasoline's 4.5-cent discount remains untouched.