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Markets, Business & Tech Briefing: PSI Rebounds 1.2%, Unbabel Wound Up, Bank of Portugal Tightens Credit

Thursday, 2 July 2026. Euronext Lisbon snapped a three-session losing streak in style, rallying broadly to a one-month high as retail, telecoms and paper names led an advance that lifted almost the entire index. Below, where the PSI settled, what bonds and a rebounding euro are signalling, and three business

The Portugal Brief 02 Jul 2026

A row of European Union flags flying outside the European Commission's Berlaymont building in Brussels

Brussels Channels €81.4 Million to Portugal to Green the Judicial Police and Forensic-Medicine Estate

The European Commission is putting €81.4 million into Portugal from its carbon-market-funded Modernisation Fund — €67 million to modernise the Judicial Police's energy systems and €14 million for greener forensic-medicine buildings, part of a €2.5 billion round across ten member states.

The Portugal Brief 02 Jul 2026

A bronze statue of a blindfolded Lady Justice holding balanced scales against a plain grey background

Prosecutors Seek to Convict Cruise Magnate Mário Ferreira Over a €1 Million Tax-Fraud Scheme Routed Through Malta

In closing arguments in Porto, the Public Prosecution Service asked the court to convict businessman Mário Ferreira of qualified tax fraud over the 2015 sale of the ship Atlântida through a 'hollow' Malta company, alleging a €3.7 million undeclared gain and roughly €1 million in evaded tax.

The Portugal Brief 02 Jul 2026

Euro banknotes in ten- and fifty-euro denominations spilling from a white envelope onto a wooden table

Portugal's Tax Breaks Swell to €21 Billion in 2025, an Amount the Court of Auditors Says Escapes Real Scrutiny

The Tribunal de Contas (Court of Auditors) estimates Portugal forwent €21 billion in tax benefits in 2025 — 6.8% of GDP and about 37% more in real terms than in 2020. Reduced VAT rates make up roughly 60%, and the auditors want each break costed, justified and reviewed like direct public spending.

The Portugal Brief 02 Jul 2026

Portugal's Trade Turnover Growth Slows to 1.5% in May as Wholesale Sales Slide Into Negative Territory

Portugal's Trade Turnover Growth Slows to 1.5% in May as Wholesale Sales Slide Into Negative Territory

INE data show Portugal's trade turnover growth slowing to 1.5% year-on-year in May from 4.7% in April, with wholesale swinging to -1.0%, retail up 3.2% and vehicle sales up 4.8% — a broad deceleration across the commercial economy.

The Portugal Brief 02 Jul 2026

In Paris, President Seguro Locks In a Year-End Portugal-France Summit and Presses Macron for More Portuguese Exports

In Paris, President Seguro Locks In a Year-End Portugal-France Summit and Presses Macron for More Portuguese Exports

President Seguro met Macron in Paris on 1 July, securing France's commitment to a first Portugal-France summit before year-end and pressing to lift Portuguese exports. Talks also spanned Ukraine, Gaza and European strategic autonomy.

The Portugal Brief 02 Jul 2026

Health Minister Warns Portugal's 168-Unit Emergency Network Is Hard to Keep Staffed, as New Rules Penalise Hospitals That Shut Their Urgências

Health Minister Warns Portugal's 168-Unit Emergency Network Is Hard to Keep Staffed, as New Rules Penalise Hospitals That Shut Their Urgências

Ana Paula Martins says keeping all 168 emergency units open this summer is 'very difficult' and has no full roster for three months. A new rule splits urgência funding 75/25 and penalises hospitals that close their doors.

The Portugal Brief 02 Jul 2026

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