Competition
2009-09-23
The Competition Authority fined PT and ZON Group to pay a fine of €53 million for abuse of dominant position in the broadband access wholesale and retail markets. This is the highest fine ever applied in Portugal for breach of competition laws.

Corporate and Commercial
2009-08-24
New measures aiming at simplifying the procedures applicable to corporate restructuring operations and at enhancing reporting obligations.

Taxation
2009-03-11
The Supplementary Budget enacted by Law 10/2009 reinforces the measures against the economic crisis with the approval of new tax incentives to support investments made in 2009.

Banking and Capital Markets
2008-11-03
The Government announced it would nationalize Banco Português de Negócios (BPN) and require banks to increase their Tier 1 capital ratios to 8%.

Banking and Capital Markets
2008-06-05
The call for public tenders for the construction and operation of the first section of the Portuguese high speed train network (Poceirão-Caia), worth around €1,450 million, was announced on June 2. The bidders will have four months to submit their tenders.

Banking and Capital Markets
2008-05-29
The Portuguese Government confirmed that the new Public Procurement Code will apply to the procurement procedure in respect of the concession for the construction and operation of the high speed rail network section Poceirão/Caia, which should be launched in the beginning of June.

Banking and Capital Markets
2008-05-27
The Portuguese Government intends to launch two new road concessions until the end of the year, in connection with the completion of the National Road Program. The Pinhal Interior and the Ribatejo concessions will represent an overall investment of 880 million euros.

Banking and Capital Markets
2008-05-23
The first call for public tenders for the construction and operation of the Portuguese high speed rail network should be launched in June 2008. Several national and international players are reported to be interested in this project, which is worth around 8,000 million euros.

Banking and Capital Markets
2008-05-14
Following the environmental final report favourable to the construction of the new Lisbon international airport in Alcochete, the Portuguese Government will now submit the project to the approval of the European authorities. The public tender should be announced in the third or fourth quarter of 2008.

Banking and Capital Markets
2008-04-15
The Portuguese Government will invest over 16,000 million euros in new infra-structures until 2015. New investment opportunities should arise in the transport and energy sectors.

Banking and Capital Markets
2008-03-24
The Portuguese government has announced the construction and improvement of various roads and motorways under public-private partnership schemes which will represent an investment in excess of EUR. 1,000 million.

Taxation
2008-01-18
The law that approved the State budget for 2008 (2008 Budget) was published without substantial changes considering the bill submitted by the Government to the Parliament.

Banking and Capital Markets
2008-01-11
The new international Lisbon airport will be located in Alcochete, instead of OTA, as initially planned. The change of location may delay the beginning of the construction and entail several amendments to the high-speed rail project. However, this major infrastructure, of around €4.9 million, should be completed in 2017, as scheduled.

Competition
2007-11-20
The Portuguese Competition Authority applied a fine of €310,000 to Aeronorte and Helisol for breach of the Portuguese Competition Law.

Information Technologies
2007-09-11
A study of Brown University graded Portugal in the seventh position of the e-Government ranking.

Banking and Capital Markets
2007-02-16
Banco Comercial Português, S.A. (BCP) announced the entry into agreements for the acquisition of 10.5% of Banco BPI, S.A.’s (BPI) share capital with Santander Group and BCP Group Pension Fund.

Corporate and Commercial
2007-02-08
The Portuguese Government approved on 11 January 2007 the National Strategy Reference Framework for the period 2007-2013 concerning the allocation of over 21,000 million euros of community funds to develop the Portuguese economy.

Banking and Capital Markets
2007-01-15
Sonaecom SPGS (Sonaecom) has registered its takeover bid for Portugal Telecom (PT) with the Portuguese Securities Commission (Comissão do Mercado dos Valores Mobiliários – the CMVM) maintaining its original offer of €9.50 per share.

Banking and Capital Markets
2006-12-29
The Portuguese Competition Authority (Autoridade da Concorrência – AdC) decided not to oppose to the proposed acquisition of Portugal Telecom (PT) by Sonaecom SPGS (Somaecom) subject to the adoption of several remedies by Sonaecom, including, among others, the sale of one of PT’s fixed networks.

Energy
2006-11-24
The Portuguese Government established the general guidelines for the privatisation of 19% of the Portuguese power and gas network company REN. It also announced that the privatisation procedure will be completed during the first trimester of 2007.

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