Energy Costs Prompt Urgent Hearings, EU Budget Talks

• energy
• public-sector

PS calls urgent hearings on energy cost impacts

The Socialist Party (PS) in Portugal has requested urgent parliamentary hearings with 16 entities representing economic and social sectors affected by rising energy costs, according to Expresso. The hearings aim to diagnose the impacts across different sectors and prepare additional short- and medium-term measures within the national budget. The PS highlighted that the impacts are not evenly distributed across the economy and society, as reported by Jornal de Negocios.

Impact Energy sector operators and affected industries face potential new measures to mitigate rising costs.

Watch The hearings will inform budgetary measures.

Sources: Expresso ↗, Jornal de Negocios ↗

• public-sector

António Costa to lead EU budget negotiations

António Costa, President of the European Council, will be the principal negotiator for the EU's long-term budget for 2028-2034, following criticisms of the Irish presidency's proposal, according to Jornal Económico. Costa's role involves leading negotiations among EU member states to finalize the budget. RTP reports that Costa's leadership comes amid widespread criticism of the current budget proposal from various European countries.

Impact EU budget negotiations will affect member states' funding allocations, impacting public-sector planning.

Sources: Jornal Económico ↗, RTP ↗