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Breaking news and developing stories from across Portugal.
Brisa Posts €173.4M Net Profit for 2025, 44% Below the €309.5M 2024 Print Despite an EBITDA Lift to €860.9M and 13% Operating-Revenue Growth — €96.2M Financial-Results Swing and 35.8% Operating-Cost Jump Carry the Hit

Brisa Posts €173.4M Net Profit for 2025, 44% Below the €309.5M 2024 Print Despite an EBITDA Lift to €860.9M and 13% Operating-Revenue Growth — €96.2M Financial-Results Swing and 35.8% Operating-Cost Jump Carry the Hit

Brisa closes 2025 at €173.4M net profit, 44% below the €309.5M 2024 print, even as operating revenue lifts 13% to €1,231.6M, EBITDA gains 5.3% to €860.9M and the network handles 267.7M transactions (+3.5%) with Via Verde at 85.1%. €96.2M financial swing and €370.7M costs carry the hit.
The Portugal Brief
PRR Disburses 65% of the €3.38 Million Allotted to Portugal's Twenty Programas de Reordenamento e Gestão da Paisagem — Castro Almeida's Office Confirms the Diploma That Threads PRGP Into the Plano Diretor Municipal Pipeline

PRR Disburses 65% of the €3.38 Million Allotted to Portugal's Twenty Programas de Reordenamento e Gestão da Paisagem — Castro Almeida's Office Confirms the Diploma That Threads PRGP Into the Plano Diretor Municipal Pipeline

Manuel Castro Almeida's office confirms to Lusa on Friday 15 May that the PRR has already paid 65% of the €3,381,260.46 envelope for the twenty Programas de Reordenamento e Gestão da Paisagem. A new diploma threads the rail into the Plano Diretor Municipal pipeline.
The Portugal Brief
Lockheed Martin Signals Openness to F-35 Component Production Across 16 Portuguese Industrial Projects and 21 Beneficiaries on Thursday 14 May — Letter of Request Stays the Gating Step Toward a €5.5 Billion, 27-Aircraft Air Force Renewal

Lockheed Martin Signals Openness to F-35 Component Production Across 16 Portuguese Industrial Projects and 21 Beneficiaries on Thursday 14 May — Letter of Request Stays the Gating Step Toward a €5.5 Billion, 27-Aircraft Air Force Renewal

Lockheed Martin tells ECO on Thursday 14 May that 16 candidate industrial projects, 21 Portuguese beneficiaries and 5 universities sit inside the F-35 engagement architecture. Letter of Request from Lisbon is still the gating procedural step toward a €5.5 billion, 27-aircraft Air Force renewal.
The Portugal Brief
Galp's 2025-2026 Billing System Migration Leaves 2% of the Customer Book Unbilled Eight Months In — Households Receive €400-€800 Accumulated Bundles in May, DECO Reminds Clients of the Six-Month Prescription Rule and the Optional-Payment-Plan Right

Galp's 2025-2026 Billing System Migration Leaves 2% of the Customer Book Unbilled Eight Months In — Households Receive €400-€800 Accumulated Bundles in May, DECO Reminds Clients of the Six-Month Prescription Rule and the Optional-Payment-Plan Right

Galp customers are receiving accumulated electricity-and-gas invoices of €400-€800 in May 2026 after the late-2025 billing-platform migration left roughly 2% of the customer book unbilled. DECO reminds clients the six-month prescription rule and the optional-payment-plan right both apply.
The Portugal Brief
Constitutional Court Strikes Down Portaria 230/2019 on the RNH 'Atividades de Elevado Valor Acrescentado' Table — Reserva de Lei Tributária Bars Government From Defining the 20% IRS-Beneficiary Professions, Says 21 April Acórdão

Constitutional Court Strikes Down Portaria 230/2019 on the RNH 'Atividades de Elevado Valor Acrescentado' Table — Reserva de Lei Tributária Bars Government From Defining the 20% IRS-Beneficiary Professions, Says 21 April Acórdão

Tribunal Constitucional, in an acórdão dated 21 April 2026 made public 14 May, rules Portaria n.º 230/2019 unconstitutional for defining the 'atividades de elevado valor acrescentado' that unlock the RNH 20% IRS rate — reserva de lei tributária forecloses the decree-defined table.
The Portugal Brief
Filipa Calvão Hands Parliament a 'Verdadeiramente Inconstitucional' Parecer on the Tribunal de Contas Reform Bill on Thursday 14 May — Permanent Commission Says the €10 Million Visto Prévio Carve-Out Opens 'Zonas de Vazio' for Corruption

Filipa Calvão Hands Parliament a 'Verdadeiramente Inconstitucional' Parecer on the Tribunal de Contas Reform Bill on Thursday 14 May — Permanent Commission Says the €10 Million Visto Prévio Carve-Out Opens 'Zonas de Vazio' for Corruption

Thursday 14 May 2026: Tribunal de Contas Comissão Permanente parecer brands the Government's TdC reform bill 'verdadeiramente inconstitucional'; the €10 million visto-prévio carve-out halves external control from €10 bn to €5 bn and opens 'zonas de vazio' for corruption. Debate opens 20 May.
The Portugal Brief
Marcelo Signs the 12-Month Extension of the Storm-Impact Credit Moratoria Into Law on Thursday Evening 14 May — Decree Carries 7,400 Clients and €930 Million in Mortgage and Empresa Credit Through to End-April 2027

Marcelo Signs the 12-Month Extension of the Storm-Impact Credit Moratoria Into Law on Thursday Evening 14 May — Decree Carries 7,400 Clients and €930 Million in Mortgage and Empresa Credit Through to End-April 2027

Thursday evening 14 May 2026: Marcelo Rebelo de Sousa promulgates the Government decree extending the storm-impact credit moratoria by 12 months, locking the BdP-tracked 7,400 clients and €930 million in mortgage and empresa credit through to end-April 2027.
The Portugal Brief