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...
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 …
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...
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 …