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The neoclassical Rua Augusta Triumphal Arch on Lisbon's Praca do Comercio, the historic riverside square at the heart of the city's Baixa financial district, under a clear blue sky

Markets, Business & Tech Briefing: PSI Jumps 1.2% Toward Highs, CTT and Jeronimo Martins Lead

📋 In This Edition * Portuguese Equities: PSI Jumps 1.2% Back Toward Multi-Year Highs * Blue-Chip Movers * Government Bonds and the Euro * Business & Tech Focus: Earnings Season Opens With Galp and EDP * Deal Watch: Galp–Moeve Downstream Combination * The Week Ahead Portuguese Equities: PSI Jumps 1.2% Back Toward Multi-Year Highs

The Portugal Brief 22 Jul 2026

Shoppers browsing colourful fruit and vegetable stalls inside a covered Portuguese municipal market, with produce piled high and a woman pulling a shopping trolley

Portugal's Weekly Basket of Essential Goods Slides €5.17 to €251.29 in the Year's Sharpest Drop

A basket of 63 essential goods tracked by DECO PROteste fell €5.17 this week to €251.29, its sharpest drop of 2026. It is now €11.34 cheaper than a year ago, though still €63.59 above January 2022. Broccoli, coffee and sliced bread bucked the trend and rose.

The Portugal Brief 22 Jul 2026

The Douro river between Porto and Vila Nova de Gaia, with the double-deck Dom Luis I bridge, riverside houses, the Serra do Pilar monastery on the hill and boats on the water

Porto and Gaia Gain a Second Douro Ferry Crossing as the Hourly River Service Becomes Permanent

Two Douro river ferry crossings between Porto and Vila Nova de Gaia begin permanent service today, doubling last year's pilot. Folded into the Andante pass, they cost €3 one-way or €5 return and are free for Porto and Gaia residents. The 2025 trial carried nearly 26,000 passengers.

The Portugal Brief 22 Jul 2026

A TAP Air Portugal Airbus A321neo parked on the apron at Lisbon's Humberto Delgado Airport under a clear blue sky, with boarding stairs and ground vehicles alongside

Portugal Pins a Price of Up to €8.9 Billion on Its New Lisbon Airport as the First Luís de Camões Renderings Emerge

ANA has priced Portugal's new Lisbon airport, Luís de Camões, at €7.9–8.9 billion and released the first renderings of the terminal planned for Alcochete. It targets a 2037 opening — the government wants 2035 — with a 5,000-page environmental study due by month's end.

The Portugal Brief 22 Jul 2026

The beach and beachfront hotels of Costa da Caparica in Almada, on Portugal's Atlantic coast south of Lisbon

Almada's Assembly Throws Out a Censure Motion Against Mayor Inês de Medeiros After the Caparica Water Crisis

Almada's Municipal Assembly rejected a PSD censure motion against Socialist mayor Inês de Medeiros after a summer water-supply crisis hit Costa da Caparica. The non-binding motion failed on party lines, but it hands the opposition a campaign theme months before the 2026 municipal elections.

The Portugal Brief 22 Jul 2026

The neoclassical Lisbon City Hall (Câmara Municipal de Lisboa) with the Portuguese flag flying above its pediment

Portugal Postpones the Overhaul of Its Local Finance Law (Lei das Finanças Locais) Past Its 2027 Target

The government has dropped its pledge to bring in a new Local Finance Law by 2027, with Prime Minister Montenegro calling the target unrealistic. A working group set up in April has met twelve times but fixed no date, leaving 308 municipalities funded by a decade-old 2013 formula as local elections

The Portugal Brief 22 Jul 2026

The orange colonial-era City Hall of Praia, the capital of Cape Verde, with the national flag flying

Portugal Readies a €100 Million Credit Line for Firms Investing in Cape Verde as President Seguro Opens a Praia Business Forum

President António José Seguro says Portugal is finalising a €100 million credit line for companies investing in Cape Verde, unveiled as he opened a Portugal–Cape Verde business forum in Praia. Portugal was the archipelago's largest investor in early 2026, targeting renewables, digital services and t

The Portugal Brief 22 Jul 2026

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