The Secretary of State for Tourism announced that the government is in talks with new airlines to increase connectivity to the Azores following Ryanair's exit earlier this year. While the region experienced a 3% decrease in passengers and a decline in tourism overnight stays between January and August 2026, tourism revenue per visitor increased by approximately 4%.
This update is from Bica
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The European Central Bank (ECB) signaled a likely 0.25 percentage point interest rate increase for December, aiming to reach a 2% inflation target. While current rates remain at 2.50% for the deposit facility, 2.65% for refinancing, and 2.90% for lending, the anticipated hike follows remarks from ECB President Christine Lagarde regarding the necessity of keeping rates higher for longer.
An event focused on innovation and business cooperation between Brazil and Portugal will take place on 17 November in Aveiro as part of the Aveiro Tech Week. The program includes panel discussions on AI, business networking, technology demonstrations from 22 companies, and training workshops for professionals and educators.
The Portuguese government has signed an agreement to sell up to 49.9% of TAP Air Portugal's capital to the Lufthansa Group. Prime Minister Luís Montenegro reaffirmed the government's long-term intention to proceed with the total privatization of the airline in a future phase.