Investment projects hit 20-year highPortugal last year attracted more new, foreign, direct investment projects than in any other year in the past two decades, according to figures contained in a survey released by consulting firm, EY. According to the EY Attractiveness Survey 62 percent of foreign investors expressed optimism as to Portugal’s future and 32 percent of investors desire to step up investment in the country in the next year. [+]
Portugal keeps on growingTourism and exports were the driving force behind Portugal’s latest quarterly figures which showed the economy had expanded by 2.8 percent between January and March. Unemployment dropped to just over 10 percent, sovereign debt sales were at pre-crisis levels while the economy posted growth last seen in 2007.
Government amends 'golden visas' to attract investment in companiesPortugal's government has altered the criteria for the issuing of 'golden visas' - fast-track residence permits for large foreign investors - creating a new category for investment in small and medium-sized companies with a lower investment threshold than for the acquisition of property. [+]