Markets Briefing
Markets, Business & Tech Briefing: PSI Falls 0.88%, Oil Slide Hits Galp, State Wealth Fund Eyed
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.
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A Government Commission Hands Lisbon a Blueprint to Shield Regulators From Budget Squeezes and Political Appointments
A commission chaired by former energy-regulator chief Jorge Vasconcelos has set out how to strengthen the independence of Portugal's watchdogs, targeting Finance Ministry spending freezes and the way board members are appointed.
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Parliament Sinks the Government's Sweeping Labour-Code Overhaul as Chega Switches Sides
The government's flagship rewrite of the Labour Code was voted down in Parliament after Chega reversed course and joined the left, leaving more than 100 proposed changes in limbo.
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Municipalities Plead for a Financing Lifeline Before the August Deadline Forces Repayment on Half-Finished Recovery-Plan Schools and Clinics
The National Association of Portuguese Municipalities has asked the government for alternative financing as the August Recovery-Plan deadline threatens to claw back money for unfinished schools, clinics and housing.
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Portugal’s First-Quarter Deficit Lands at 1.1% of GDP, Beating the UTAO’s 2.1% Forecast
Portugal ran a general government deficit of 1.1% of GDP (€570.9 million) in the first quarter of 2026, according to INE — better than the 2.1% the parliamentary budget office had forecast, as income-tax and social-contribution revenue held up.
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Coindu Trims 48 Leather-Department Jobs in Vila Nova de Famalicão as Carmakers Turn Away From Leather Interiors
Car-interior maker Coindu has begun a collective dismissal of 48 workers from its leather department in Vila Nova de Famalicão, blaming a shift away from leather in new vehicles plus US tariffs and Asian competition.
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BNP Paribas Inaugurates a New European Hub in Lisbon and Pushes Its Portuguese Workforce Toward 10,000
BNP Paribas has opened a new Lisbon hub it calls one of its most important specialised centres in Europe, with its Portuguese headcount already above 9,700 and on course to pass 10,000 by the end of 2026.