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.
Portugal's headline inflation eased to 3.0% in July from 3.2% in June, INE confirmed on 12 August, as fuel costs fell and fresh-food inflation dropped to 3.7% from 5.1%. Core inflation edged up to 2.6%, and the harmonised rate held at 3.1% — still above the euro-area average.
The Portuguese Environment Agency has issued a favourable, conditional environmental ruling for the Grândola Logistics Park, a 130-hectare, €468 million freight complex with a rail terminal linked to the Southern Line. The promoter, Qantara Capital, aims to license in 2027 and build over two years.
After its latest results, Millennium bcp says big institutional investors would be ready to step in if its Chinese shareholder Fosun sells. Valued at around 16 billion euros, the bank has drawn raised price targets and talk of the state fund and Ageas.
The Autoridade Tributária's system failed to apply the long-term holding discount to capital gains on foreign shares and fund units in this year's IRS returns, overcharging Anexo J filers who held assets more than two years. The Fisco is now issuing corrected assessments.
Newly surfaced documents show MEO asked to move 500 workers out through exits that unlock unemployment benefit, and the government authorised only 300. It sits inside Altice Portugal's plan to cut about 1,200 jobs by December and save €45 million a year.
Portugal's own Green Book on social security shows pensions worked out under the post-2007 full-career formula come out about 10% lower than the old best-years rules — and the gap widens with every retiring cohort. What it means for anyone building a career in Portugal.
The Portuguese Environment Agency has validated the execution project for the first stretch out of Porto, one of the last permitting hurdles before builders can start work on the country's long-delayed high-speed railway.
