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The Assembleia da República building (Palácio de São Bento) in Lisbon under a clear blue sky

Portugal Races to Spend Its €22 Billion Recovery Plan Before an Unmovable August Deadline

Portugal's €22.2 billion PRR recovery plan must be fully executed by 31 August 2026, a deadline Brussels will not move. By early July about €13.19 billion had been paid out, roughly 60% of the approved value, and projects worth an estimated €516 million are set to lose their financing because they c

The Portugal Brief 18 Jul 2026

A laptop screen showing a green-and-red candlestick stock chart that dips and recovers, set against dark, out-of-focus city lights

Markets, Business & Tech Briefing: PSI Snaps Three-Day Slide, Jerónimo Martins Leads, Galp–Moeve Deal Slips to H2

📋 In This Edition * Portuguese Equities: A Friday Bounce Caps a Losing Week * Blue-Chip Movers * Government Bonds * Euro and the Dollar * Business & Tech Focus: Galp–Moeve Downstream Deal Slips to the Second Half * Deal Watch: Galp Takes Its Mozambique Tax Fight to World Bank Arbitration * Earnings Watch: First-Half Reporting Season

The Portugal Brief 18 Jul 2026

The Government Launches the Contest to Run the Porto Metro Beyond 2027

The Government Launches the Contest to Run the Porto Metro Beyond 2027

The Council of Ministers approved a tender for a new Metro do Porto operating concession that folds in the under-construction Rosa and Rubi lines and keeps the door open to Gondomar and Trofa.

The Portugal Brief 18 Jul 2026

Angola's Investment Stake in Portugal Swells to Nearly Double the Reverse

Angola's Investment Stake in Portugal Swells to Nearly Double the Reverse

Angolan direct investment in Portugal reached 4.5 billion euros at the end of 2025, overtaking Portuguese investment in Angola by more than 2 billion euros in a decisive reversal of the old relationship.

The Portugal Brief 18 Jul 2026

Trade Republic Hands Its 200,000 Portuguese Customers a Local IBAN and 3% Interest

Trade Republic Hands Its 200,000 Portuguese Customers a Local IBAN and 3% Interest

The Berlin-based digital bank has begun issuing PT50 account numbers to its Portuguese users, unlocking domestic direct debits and instant transfers as it chases 300,000 customers by year-end.

The Portugal Brief 18 Jul 2026

The Government Ties a Longer Parental Leave to Sharing It Between Both Parents

The Government Ties a Longer Parental Leave to Sharing It Between Both Parents

Ministers insist Portugal's extension of parental leave to 180 days at full pay should unlock only if both parents share the final 60 days — clashing with a 42,000-signature citizens' bill that would grant six months unconditionally. Fathers' mandatory leave rises to 28 days.

The Portugal Brief 18 Jul 2026

An Ammonia Leak at the Leixões Docks Empties a 1,000-Strong Fishing Festival

An Ammonia Leak at the Leixões Docks Empties a 1,000-Strong Fishing Festival

A refrigeration-unit explosion at Docapesca's ice factory vented ammonia during the opening of the São Sebastião fishing festival at the Port of Leixões late Friday, forcing about 1,000 people out and drawing 54 emergency operatives before the leak was controlled overnight.

The Portugal Brief 18 Jul 2026

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