Press review: Portugal's public debt rating upgrade and historic setback in learning · Bica

Cost of Living

Press review: Portugal's public debt rating upgrade and historic setback in learning

Fitch Ratings has upgraded Portugal's debt rating to 'A+', placing it above Spain for the first time in over a decade. Meanwhile, new Tax Authority instructions clarify the application of the increased IMT tax rate for non-resident property buyers, and industry sectors are calling for government support due to rising fuel costs affecting margins.

Why it mattersIf you are a non-resident looking to buy property in Portugal, the Tax Authority has issued new guidelines for the application of the increased IMT tax rate.

Diário de Notícias· 4d agoRead original ↗

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Portuguese paid over 1.3 billion euros more for fuel than expected in the first half of the year: "Situation is becoming dramatic"

Former Economy Minister António Costa Silva states that Portuguese households paid 1.3 billion euros more for fuel in the first half of 2026 compared to the same period in 2025. He highlights a significant price disparity with Spain, noting that diesel in Elvas could be 45 cents more expensive than in Badajoz by Monday, and that gas cylinder prices in Portugal are roughly double those in Spain.

CNN Portugal· 6h agoRead original ↗

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PS municipal convention: Carneiro wants to give renewable energy revenue to municipalities

The Socialist Party (PS) proposed that municipalities should receive a share of the profits from renewable energy projects located in their territories. Additionally, the party is calling for a doubling of the share of IRS and IVA tax revenue currently allocated to local governments.

RTP· 7h agoRead original ↗

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Yellow heat warning for Madeira from Sunday until Tuesday.
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Yellow heat warning for the Centre, Lisbon area, and Alentejo starting Sunday and lasting until Monday, with peak temperatures reaching 38.5°C.
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Press review: Portugal's public debt rating upgrade and historic setback in learning

This update is from Bica

More on Cost of Living

Portuguese paid over 1.3 billion euros more for fuel than expected in the first half of the year: "Situation is becoming dramatic"

PS municipal convention: Carneiro wants to give renewable energy revenue to municipalities

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