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Financial markets, banking, investment, and economic policy news from Portugal.

Euro banknotes in various denominations spread out with a scattering of one- and two-euro coins resting on top

The Tax Authority Clawed Back a Record €1.55 Billion in Enforced Debt in 2025, With VAT in the Lead

Portugal's tax authority recovered a record €1,550.2 million through enforced collection in 2025, up 10% on 2024 and the most in a decade. VAT led with €523.6 million, ahead of IRS and IRC. Yet the total tax-debt stock still stands near €28 billion, over a third of it written off as uncollectible.

The Portugal Brief 09 Jul 2026

The illuminated neoclassical facade of a Bank of Portugal building lit up at night

Portugal Brings Crypto Under the EU's MiCA Rulebook From July 1, Splitting Supervision Between the Bank of Portugal and the CMVM

From 1 July, Portugal finally applies the EU's MiCA regulation to crypto. The Bank of Portugal handles authorisation and prudential oversight while the CMVM polices conduct, with fines reaching €5 million. A grandfathering window has closed, leaving only a handful of licensed operators.

The Portugal Brief 01 Jul 2026

Euro coins of various denominations spilling from a glass jar onto a white surface

The Bank of Portugal Pegs 2026 Growth Below the Government's, Exposing a Budget Gap

In its June Economic Bulletin, the Bank of Portugal held its 2026 growth forecast at 1.8%, two-tenths below the 2% the government's budget assumes. Public finances stay healthy — a 0.2% deficit — but inflation above 3% and the closing recovery-fund window make the optimists' number harder to hit.

The Portugal Brief 30 Jun 2026

Aerial view of Lisbon's terracotta-roofed residential buildings with the Tagus River and a cargo ship behind

Mortgage Repayments to Rise up to €60 in July Even as Euribor Tops Out

Variable-rate borrowers in Portugal face higher payments in July even though the Euribor appears to have peaked, because contracts reset on a lag. On a typical €150,000 loan, monthly instalments rise up to €60 for annual-reset mortgages. About half of primary-residence loans are variable-rate.

The Portugal Brief 30 Jun 2026

Euro banknotes of various denominations spilling from a white envelope onto a wooden surface

Portugal's Inflation Cools to 3.2% in June, but Core Prices and Energy Defy the Slowdown

Portugal's headline inflation eased to 3.2% in June from 3.3% in May, INE's flash estimate shows. But core inflation rose to 2.5%, energy stayed 9% higher and fresh food ran at 5.2% — a sign price pressure is becoming entrenched rather than fading. Final data lands on 10 July.

The Portugal Brief 30 Jun 2026

The neoclassical facade of Portugal's Parliament, the Palacio de Sao Bento in Lisbon

Portugal's Lifetime Political Pensions Shrink to 285 Recipients, With Only 17 New Entrants in a Decade

Portugal's monthly lifetime subsidies for former politicians and Constitutional Court judges have fallen to 285 recipients, down from 318 five years ago, with just 17 new entrants in a decade. The regime was closed in 2005, and payments — from about EUR1,342 to EUR3,967 a month — now shrink by attri

The Portugal Brief 30 Jun 2026

A modern pale-stone building in Lisbon with the 25 de Abril bridge in the distance

BNP Paribas Gathers 9,700 Staff Into a New Parque das Nações Hub as Its Portuguese Workforce Nears 10,000

BNP Paribas has opened the EXEO Office Hub in Lisbon's Parque das Nações, a 38,000-square-metre campus for 5,300 people across three buildings. With about 9,700 staff and 500 open roles in Portugal, the euro zone's biggest bank is nearing a 10,000-strong Portuguese workforce.

The Portugal Brief 29 Jun 2026

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