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Economy

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.

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

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'.
The Portugal Brief
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 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.
The Portugal Brief
Trump Lifts EU Auto Tariff to 25% on Truth Social After Merz Iran Comments — ACAP Says Portugal's Direct Exposure Is Limited but Volkswagen Autoeuropa, Continental Lousado and the Component-Supplier Stack Hold the Indirect Channel

Trump Lifts EU Auto Tariff to 25% on Truth Social After Merz Iran Comments — ACAP Says Portugal's Direct Exposure Is Limited but Volkswagen Autoeuropa, Continental Lousado and the Component-Supplier Stack Hold the Indirect Channel

Trump's Truth Social post unilaterally lifts the EU auto tariff from the 15% July-2025 deal to 25% effective this week. ACAP says Portugal isn't directly exposed (most exports head to the EU) but flags the Volkswagen Autoeuropa, Continental Lousado and components stack to the global ripple.
The Portugal Brief
Portugal's Sardine Campaign Reopens 4 May 2026 After Five-Month Closure — Diário da República's 22 April Despacho Locks a 33,446-Tonne National Quota and Per-Vessel Daily Caps Through the 1 June Step-Up

Portugal's Sardine Campaign Reopens 4 May 2026 After Five-Month Closure — Diário da República's 22 April Despacho Locks a 33,446-Tonne National Quota and Per-Vessel Daily Caps Through the 1 June Step-Up

Portugal's sardine fishery reopened at midnight on Monday, 4 May 2026 after a 152-day closure. A Diário da República despacho dated 22 April sets a 33,446-tonne national quota — 960 tonnes below the 2025 ceiling — and locks per-vessel daily caps for the May campaign with a small step-up from 1 June.
The Portugal Brief