Portugal News
Immerse yourself in Portugal: Stay updated on property trends, regional insights, and the enriching lifestyle tapestry of a unique nation
Fitch highlights Portugal’s economic progress in a context of political uncertainty
Fitch's latest assessment of Portugal’s financial health reflects continued progress in reducing the country's public debt. The US financial rating agency upgraded Portugal’s rating from 'BBB+' to 'A-' last year, and in a recent statement, it maintained a stable...
Resurgence in Portugal’s Real Estate investment following proposed reinstatement of Golden Visas
The previous Portuguese administration under António Costa discontinued the golden visa program, which initially seemed to slow foreign direct investment (FDI) in real estate, as evidenced by declining transaction numbers and values. However, the trend began to...
Portugal’s Booming Construction Industry: Growth Spurt or Passing Trend?
Portugal's construction sector is witnessing a boom, exceeding a production value of €20.1 billion in 2023. This marks a significant 7.5% increase compared to 2022. While this sounds impressive, it's important to delve deeper. Some of this growth can be attributed to...
Know the new immigration measures for Portugal
The Portuguese government, led by the prime minister Luís Montenegro, announced a comprehensive set of 41 measures to improve immigration and asylum processes. Here's a breakdown of the key areas addressed: Strengthening AIMA (Agency for Migration and Asylum...
Portuguese Government approves maximum IRS of 15% for young people up to 35 years old
The Portuguese government, led by Prime Minister Luís Montenegro, has approved a measure to reduce the maximum IRS (personal income tax) rate for young people under the age of 35 to 15%. This measure will come into effect on January 1, 2025, and is expected to benefit...
Your Guide to the European Health Insurance Card (EHIC)
Planning a trip to Europe? The European Health Insurance Card (EHIC) can be your lifesaver in case of unexpected medical needs during your stay. This article provides all the essential information about the EHIC, ensuring a smooth and stress-free travel experience....
USA to Europe flight time
Dreaming of a European getaway steeped in history, culture, and stunning beaches? Look no further than Portugal! This captivating country offers a delightful escape, with cobblestone streets whispering stories of the past, vibrant cities teeming with life, and a...
Paredes Municipality to build 405 new houses and renovate 122 under PRR
Paredes Municipality in Porto region plans to build 405 new houses and renovate 122 others with a total investment of over €64.3 million. The project will be supported by the Recovery and Resilience Plan (PRR). The municipality has submitted applications for PRR funds...
Eurozone Trims the Fat: Deficit Shrinks While Portugal Surprises
The European statistical office, Eurostat, reported positive developments in the eurozone's fiscal health for 2023. The public deficit, a key indicator of government spending versus income, saw a modest decline from 3.7% of GDP in 2022 to 3.6% in 2023. This decrease...
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