A study by EY indicates that the Web Summit has generated 2.5 billion euros in economic impact in Portugal over the last 10 years. During the same 2016-2025 period, the number of Portuguese startups grew by 132% and their exports increased by 133%. Negotiations regarding the event's continuation in Lisbon after 2028 are ongoing.
This update is from Bica
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Portugal's external surplus reached 4.05 billion euros in the first eight months of 2026, a 26.8% decrease compared to the same period in 2025. The decline is largely driven by a 2.7 billion euro increase in the goods trade deficit, as import growth outpaced exports, alongside reduced surpluses in services and secondary income.
The president of the Banco Português de Fomento (BdF) announced that the bank aims to surpass 10 billion euros in economic impact by 2027, supporting approximately 25,000 companies. This growth is supported by new guarantees in the state budget for housing and EU investment execution, as well as the integration of the export credit agency (COSEC) and the development finance institution SOFID.
The 'Acampada de Lisboa' housing protest group is holding a public gathering and assembly at Alameda dos Oceanos, near the Web Summit venue, on Thursday 12 November. The event, dubbed 'Camp Summit', follows the group's decision to decentralize their activities and remove tents from Rossio after being instructed to vacate the area by the Lisbon Mayor.