Matosinhos Refinery Transforms into Major Innovation District: €65B GDP Impact and 100,000 Jobs Expected
Former Galp refinery in Matosinhos becomes Innovation District, creating 100,000 jobs and €65B GDP impact over 30 years. Demolition ends 2026.
Tracking economy for Portugal — coverage from the newsroom in Lisbon.
Former Galp refinery in Matosinhos becomes Innovation District, creating 100,000 jobs and €65B GDP impact over 30 years. Demolition ends 2026.
Former and current Banco de Portugal governors testify July 9 on €192M-€280M headquarters deal. Audit dispute and end-of-mandate timing spark debate.
US-Iran talks in Doha could affect Strait of Hormuz shipping and fuel prices across Portugal. What residents need to know about this fragile cease-fire.
Euribor rates fell in July 2026, offering brief relief for Portugal mortgage holders. Discover how the ECB's July 22-23 decision could impact your monthly payments.
Learn how much Portuguese EuroMillions winners actually receive after 20% stamp duty, plus tax implications for expats in Portugal.
New €3 customs charge now applies to Shein, Temu, AliExpress purchases. How it affects your shopping bills and delivery times in Portugal through 2028.
Portugal swung to €1.76B deficit through May 2026. Understand how IRS bracket changes, corporate tax cuts, and surging refunds impact your take-home pay.
Portugal tourism revenue hits €755.7M in May 2026, with British visitors leading foreign markets. Rural areas like Alentejo see 10% growth surge.
Portugal's overdue state payments fell to €314M by May, marking a €337M year-on-year decline, yet average payment times rose to 42 days—what this means for suppliers.