Economy

​​​​​​​Portugal’s government forecasts the economy will grow by 2% this year and in 2025, with anticipated budget surpluses of 0.3% in 2024 and 0.2% the following year.

posted on 11.09.2024

Economy

Foreign direct investment (FDI) in Portugal reached €4.1 billion during the first half of the year, with €1.6 billion specifically directed towards real estate, the Bank of Portugal (BdP) announced on Tuesday.

posted on 28.08.2024

Economy

The Portuguese Hotel, Restaurant and Similar Association (AHRESP) has announced that it is not in favour of the creation of a tourist tax by municipalities.

posted on 22.08.2024

Economy

The number of foreign tourists visiting Portugal increased by 7.5% from January to June, marking the best first half on record and setting the stage for another record-breaking year, according to official data released earlier this week.

posted on 16.08.2024

Economy

Foreign Direct Investment (FDI) generated twice as many jobs in the Porto Metropolitan Area (AMP) in 2023, adding nearly 6,000 more positions compared to 2022.

posted on 06.08.2024

Economy

House prices in Portugal saw an annual growth of 6.5% at the beginning of this year, surpassing the global increase in housing costs (+3.6%).

posted on 30.07.2024

Economy

Lisbon has once more been recognised as a top holiday destination for tourists worldwide, particularly Europeans, ranking as the third most popular summer destination for 2024 according to a recent study by Sojern.

posted on 10.07.2024

Economy

The Portuguese economy is forecast to grow around 2% this year and marginally rebound to 2.25% in 2025.

posted on 02.07.2024

Economy

Portugal is planning to modify its golden visa scheme to permit wealthy foreigners seeking residency to invest in affordable housing for locals or accommodation for migrants.

posted on 06.06.2024

Economy

Moody’s financial rating agency has held Portugal’s rating at ‘A3’ with a ‘stable’ outlook.

posted on 22.05.2024

Economy

Portugal’s travel and tourism sector is on the verge of a historic year, with its economic contribution forecast to surpass €54 billion, according to the World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR).

posted on 14.05.2024