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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.

Banco de Portugal Forces Lenders to Refund €8.91 Million to Clients in 2025 as Cobranças Indevidas Drop From the €22 Million 2024 Outlier — Commissions Carry €8.24 Million of the Restitution

Banco de Portugal Forces Lenders to Refund €8.91 Million to Clients in 2025 as Cobranças Indevidas Drop From the €22 Million 2024 Outlier — Commissions Carry €8.24 Million of the Restitution

BdP's 2025 Behavioural Supervision Report shows banks returned €8.91M to clients — €8.24M in commissions and €670k in interest — after pricing, suitability and late-payment breaches surfaced. Complaints over account closures jumped 55% and fraud disputes 45%.
The Portugal Brief
Miranda Sarmento Reopens the Restaurant-VAT File at COFAP on Tuesday 13 May by Calling the 2016 Cut a €1 Billion 'Erro Crasso' — Carneiro Asks Montenegro on Saturday 16 May to Square the Finance-Minister Position Inside the Government

Miranda Sarmento Reopens the Restaurant-VAT File at COFAP on Tuesday 13 May by Calling the 2016 Cut a €1 Billion 'Erro Crasso' — Carneiro Asks Montenegro on Saturday 16 May to Square the Finance-Minister Position Inside the Government

Miranda Sarmento told COFAP on Tuesday 13 May the 2016 cut of restaurant VAT from 23% to 13% was an 'erro crasso' costing €1 billion a year. AHRESP cites 50,000 sector jobs and €153M of dynamic revenue. Carneiro pressed Montenegro Saturday 16 May to clarify the Cabinet position.
The Portugal Brief
IFAP Pushes Pedido Único 2026 Deadline Past the 15 May Window to 1 June Without the 1%-per-Day Late-Submission Penalty — €1.15 Billion in CAP Envelope and 187,000 Beneficiaries Held Back by Storm-Kristin Recovery Workload

IFAP Pushes Pedido Único 2026 Deadline Past the 15 May Window to 1 June Without the 1%-per-Day Late-Submission Penalty — €1.15 Billion in CAP Envelope and 187,000 Beneficiaries Held Back by Storm-Kristin Recovery Workload

IFAP extended the Pedido Único 2026 filing deadline from 15 May to 1 June without the standard 1%-per-day late penalty after Storm Kristin recovery work crowded the spring filing window. The €1.15 billion CAP envelope covers 187,000 beneficiaries across the Continente and Madeira.
The Portugal Brief
PSI-Listed Executive Compensation Stretches to 53× the Worker Average in 2025 — Pedro Soares dos Santos Pulls €5 Million at Jerónimo Martins as 15 Top Managers Pool More Than €23 Million

PSI-Listed Executive Compensation Stretches to 53× the Worker Average in 2025 — Pedro Soares dos Santos Pulls €5 Million at Jerónimo Martins as 15 Top Managers Pool More Than €23 Million

Saturday's PSI remuneration-report analysis puts CEO pay at the 15 largest Lisbon-listed companies at 53× the average worker salary. Pedro Soares dos Santos tops the table at €5M gross — equivalent to 223 annual median wages — as the combined executive pool clears €23 million.
The Portugal Brief