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Azambuja Council Withholds Fast-Track Status From Neoen's €2 Billion Data-Centre Plan

Azambuja's council issued an unfavourable opinion on granting PIN (Project of National Interest) status to Neoen's EUR2 billion Azambuja DC data centre, citing missing environmental studies and infrastructure strain. The label is not a building permit, but losing local backing lengthens the road for

The Portugal Brief 31 Jul 2026

The Assembleia da Republica, Portugal's Parliament building in Lisbon, flying the national flag under a dark stormy sky

Portugal's Central-Government Accounts Swing to a €212.6 Million First-Half Deficit as a CGD Dividend Cushions SNS and Storm Bills

Portugal's central-State accounts ran a EUR212.6 million deficit through June on a public-accounting basis, reversing a EUR2.23 billion surplus a year earlier. A EUR987.5 million CGD dividend cushioned the blow as the Treasury cleared EUR1.37 billion in overdue SNS supplier bills and spent EUR451.3

The Portugal Brief 31 Jul 2026

A Lisbon residential street lined with tiled apartment buildings and parked cars under a clear sky

August Mortgage Bills Climb Across Portugal as the Euribor's July Rebound Feeds Through

The Euribor turned higher in July, and for borrowers whose contracts revise in August it feeds straight through to the bill. On a EUR150,000, 30-year loan the twelve-month-indexed instalment climbs to EUR703.64, about EUR64.83 more than a year ago. The same move flatters savers, pushing the Certific

The Portugal Brief 31 Jul 2026

Banco de Portugal headquarters illuminated at night

Markets, Business & Tech Briefing: PSI Slips 0.3%, BPI Profit Falls 13%, Semapa Leads

Portugal's benchmark index took a breather on Friday, closing out July on a soft note after Thursday's banking-led surge. A busy morning of first-half earnings dominated the corporate agenda, with BPI, Semapa and CTT (Correios de Portugal, the national postal operator) all reporting before the bell.

The Portugal Brief 31 Jul 2026

A modern motorway viaduct crossing a green valley in Portugal

Portugal Enters the Final Month of Its €22 Billion Recovery Plan With Completion 'Increasingly Possible'

With one month to the EU deadline, Portugal is racing to lock in its roughly €22 billion Recovery and Resilience Plan. A seventh reprogramming and a looser definition of 'substantial completion' make finishing without losing funds 'increasingly possible' — but roads and care homes are still at risk.

The Portugal Brief 31 Jul 2026

Praca do Comercio in Lisbon, home to Portugal's Finance Ministry, seen from the Tagus

Portugal's Tax Authority Wraps Up This Year's IRS Settlements, With Refunds Due by 31 August

Portugal's tax office had until Friday to issue every IRS settlement note for 2025 income. Refunds must be paid by 31 August. Here is how to read your nota de liquidacao, where to find it, and what to do if it is wrong.

The Portugal Brief 31 Jul 2026

The illuminated Bank of Portugal building at night

Portugal's Inflation Retreats to 3.0% in July as Cheaper Fuel and Food Offset Sticky Core Prices

Portugal's headline inflation slowed to 3.0% in July from 3.2% in June, as fuel and fresh-food prices eased. But core inflation edged up to 2.6%, and the euro area moved the other way, rising to 2.9%.

The Portugal Brief 31 Jul 2026

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