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Breaking news and developing stories from across Portugal.

Portugal's 2025 Budget Surplus Is Set to Blow Past the Government's Own Target When INE Reports on Thursday

Portugal's 2025 Budget Surplus Is Set to Blow Past the Government's Own Target When INE Reports on Thursday

Portugal's 2025 budget surplus is expected to reach 0.5 to 1.0 percent of GDP when INE reports on Thursday, far exceeding the government's 0.3 percent target. But the outperformance rests on chronic investment under-execution.

Fuel Price Surge Sidelines 1,500 Ride-Hail Cars in Lisbon and Porto as Uber and Bolt Refuse to Raise Fares

Fuel Price Surge Sidelines 1,500 Ride-Hail Cars in Lisbon and Porto as Uber and Bolt Refuse to Raise Fares

Rising fuel costs have forced 1,500 combustion-engine TVDE drivers off the road in March alone. The industry association says the current model is broken and demands government intervention.

Portugal's Audit Court Opens 43 Investigations Into EU Recovery Fund Spending as Government Moves to Strip Its Oversight Powers

Portugal's Audit Court Opens 43 Investigations Into EU Recovery Fund Spending as Government Moves to Strip Its Oversight Powers

The Tribunal de Contas has nearly doubled its open investigations into PRR-funded contracts since late 2025, even as the government pushes to eliminate the court's power to pre-approve public spending entirely.

Mortgage Payments Have Doubled in Four Years and Two-Thirds of Portuguese Families Can No Longer Afford to Buy a Home

Mortgage Payments Have Doubled in Four Years and Two-Thirds of Portuguese Families Can No Longer Afford to Buy a Home

New Bank of Portugal data reveals that median mortgage payments rose from 350 to 855 euros between 2019 and 2023, with Lisbon now requiring 102 percent of median household income just to service a home loan.

Portugal's National Data Center Plan Aims for 1 GW by 2030, Betting on Renewables and Submarine Cables to Lure Big Tech

Portugal's National Data Center Plan Aims for 1 GW by 2030, Betting on Renewables and Submarine Cables to Lure Big Tech

Portugal's government has approved a National Data Center Plan that sets out to transform the country into a European hub for digital infrastructure, targeting roughly 1 gigawatt of installed capacity by 2030 — nearly six times the current 170 MW....

Two Months After Storm Kristin, Portugal's Telecoms Recovery Exposes a Fragile Fixed-Line Network

Two Months After Storm Kristin, Portugal's Telecoms Recovery Exposes a Fragile Fixed-Line Network

Nearly two months after Storm Kristin tore through central Portugal, the country's three major telecommunications operators have delivered a sobering status report: while mobile networks are back to normal, restoring fixed-line services —...

Portugal's 2026 Budget Assumptions Are Already Obsolete, ECB Data Shows, as Twin Crises Push the Country Toward Deficit

Portugal's 2026 Budget Assumptions Are Already Obsolete, ECB Data Shows, as Twin Crises Push the Country Toward Deficit

Oil price assumptions in the 2026 state budget are off by more than 24 percent according to ECB projections, while Euribor forecasts have also shifted upward. Combined with storm reconstruction costs, economists now expect growth well below government targets.