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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.

Hovione Names António Almeida and Marco Gil Co-CEOs as Jean-Luc Herbeaux Steps Down on 21 May After Three-Year Run — Both Incoming Executives Carry 19-Year Tenures and the Permanent CEO Search Is Already Open

Hovione Names António Almeida and Marco Gil Co-CEOs as Jean-Luc Herbeaux Steps Down on 21 May After Three-Year Run — Both Incoming Executives Carry 19-Year Tenures and the Permanent CEO Search Is Already Open

Hovione, Portugal's flagship pharmaceutical contract-development-and-manufacturing group, will replace Jean-Luc Herbeaux with a two-person co-CEO bridge on 21 May 2026. António Almeida (CFO) and Marco Gil (SVP Sales & Marketing) take the top job jointly; both joined Hovione in 2007.
The Portugal Brief
Brussels Spring 2026 Forecast for Portugal Lands Wednesday 21 May — The Spring 2025 Baseline Read 2.2% GDP, 0.3% Deficit and 2.0% Inflation, and a Brent-and-Hormuz Quarter Has Reset Almost Every Input

Brussels Spring 2026 Forecast for Portugal Lands Wednesday 21 May — The Spring 2025 Baseline Read 2.2% GDP, 0.3% Deficit and 2.0% Inflation, and a Brent-and-Hormuz Quarter Has Reset Almost Every Input

The European Commission's Spring 2026 Economic Forecast lands Wednesday 21 May. The Spring 2025 baseline read Portugal at 2.2% GDP for 2026, 0.3% deficit, 2.0% inflation, with debt declining off the 93.6% 2024 print. A Brent-and-Hormuz quarter has reset almost every input.
The Portugal Brief
Castro Almeida Cuts Portugal's Industrial-Licensing Code From 600 to 200 Articles — Economy Minister Pitches 'Small Sines' Business Parks Across the Country and Revokes Multiple Decreto-Lei Diplomas to Accelerate Company Creation

Castro Almeida Cuts Portugal's Industrial-Licensing Code From 600 to 200 Articles — Economy Minister Pitches 'Small Sines' Business Parks Across the Country and Revokes Multiple Decreto-Lei Diplomas to Accelerate Company Creation

Manuel Castro Almeida walks into the week with the boldest deregulation pitch of the second Montenegro government's young life. The Minister of Economy and Territorial Cohesion told Jornal de Negócios at the weekend that he intends to cut Portugal's...
The Portugal Brief