Portugal's economy likely grew about 2 percent year-on-year in the second quarter, a CIP/ISEG barometer estimates — down from 2.2 percent in the first quarter, with just 0.4 percent quarter-on-quarter growth. Rising oil prices are squeezing company margins as the recovery loses momentum.
Vodafone will open a Global Cyber Centre at its Lisbon headquarters in Parque das Nações, starting with around forty cybersecurity specialists hired by the end of 2026. The hub joins the group's existing centres in the UK, Germany, Romania and India.
The average rental listing in Portugal drew 24 enquiries in the second quarter of 2026 — up 36 percent on the year — even as advertised rents fell 2.4 percent and available stock shrank 13 percent, idealista data show. Demand is heaviest in the Lisbon and Porto commuter belts.
Good morning. Here is your Wednesday briefing for 29 July 2026 — six stories shaping Portugal today, from a hard day on the fire lines to a billion-euro price tag on the national
EDP Renováveis reported net profit of €184m for the first half of 2026, up from €93m a year earlier, as EBITDA rose 11% to €1,057m and the United States alone contributed 62% of it. CEO Miguel Stilwell d'Andrade says 70% of the group's growth targets through 2028 are already secured.
A water pipe burst near Encarnação station at around 5.20pm on 28 July, flooding a Red Line tunnel and stranding a train. After a passenger forced a door and walked onto the tracks, the Metro cut power to the whole line. No injuries were reported; EPAL was to repair the pipe that evening.
Portugal fought fires on several fronts on 28 July, with the most stubborn blaze at Rochoso in the Guarda district. Seven firefighters were hurt, the A25 motorway was cut, and Portugal activated the EU Civil Protection Mechanism, prompting Italy to send two Canadair water-bombers.
