Henrique Almeida

Galp Energia SGPS SA shares tumbled as much as 15% in Lisbon — their steepest drop since March 2020 — after a long-anticipated transaction with TotalEnergies SE failed to meet investor expectations.

Angola has agreed with JPMorgan Chase & Co. to rollover a $1 billion loan that was due at the end of this year, according to the country’s finance ministry.

Portugal is forecast to narrowly maintain a budget surplus in 2026, marking its fourth consecutive year of positive accounts, as the government balances tax relief and housing spending with fiscal discipline.

Vanguard Properties, an early investor in Portugal’s real estate boom almost a decade ago, is making the most of a tourism surge to cash in on some properties.

Foreigners from outside the European Union are buying homes in Portugal for double the value paid by domestic buyers, helping to drive up prices in a nation where housing in cities is increasingly out of reach for many locals.

Square Asset Management, the biggest Portuguese real estate fund manager, is boosting its planned investment in commercial property in Spain and Portugal this year to €200 million ($231 million) amid higher demand for office buildings and malls.

Julius Baer Group Ltd. plans to open an office in Lisbon in September as it taps into the wealth of a growing number of affluent foreigners taking up residence in southern European countries like Portugal.

Home prices in Portugal, one of Europe’s hottest property markets, are expected to continue rising in 2025 on the back of increasing foreign demand and lackluster supply, according to DBRS Morningstar.

Angola’s central bank surprised financial markets by leaving borrowing costs unchanged on expectations that inflation will start to ease from August.

Portugal’s tax breaks, golden visa and sun-soaked beaches are luring overseas millionaires wanting to settle there.