Lufthansa Turns Intent into TAP Offer, Pledges 1,000 Jobs and Faster Flights
Lufthansa formalizes 44.9% bid for TAP, pledging 1,000 jobs at Santa Maria da Feira maintenance hub and swifter Lisbon connections; government review underway.
Tracking economy for Portugal — coverage from the newsroom in Lisbon.
Lufthansa formalizes 44.9% bid for TAP, pledging 1,000 jobs at Santa Maria da Feira maintenance hub and swifter Lisbon connections; government review underway.
Portuguese residents' domestic travel lifted overnight stays and tourism revenue by 7.6% to €5.7 billion by September, driven by Algarve & Madeira. Discover more.
Banco de Portugal keeps the 4% mortgage capital buffer, ensuring banks hold extra equity to protect Portuguese borrowers and sustain lending if prices dip.
Portugal targets a 0.3% budget surplus in 2025—crucial for funding middle-class tax breaks, public-sector pay rises and lower mortgage costs as debt falls.
Portugal will streamline audit reviews and launch a digital platform to cut contract approval to 15 days, freeing €16.6B for roads, hospitals and schools by 2026.
Portugal’s external debt ratio falls to 39.2% of GDP, easing mortgage rates and freeing funds for public investment—find out what this means for Portuguese households.
Portugal’s net external debt drops to 39.2% of GDP, its lowest in four years, driving down sovereign bond yields and variable mortgage rates nationwide.
Portugal’s Trabalho XXI drops three controversial labour-reform clauses but keeps flexible hiring rules. Find out how the changes affect workers, expats and the 11 Dec strike.
By 30 Nov, Algarve councils must justify €106M in EU funds or forfeit them—money slated for water upgrades, social housing, digital hubs and coastal research.