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Rating agency Moody’s on October 5th, 2018 pushed Portugal’s sovereign credit rating back into investment-grade territory for the first time since 2011, citing a decline in the country’s debt burden. The agency raised Portugal’s rating one notch to Baa3 from Ba1 and changed its outlook to “stable” to “positive”. Moody’s attributed the move to two […]
House prices in the Euro Area and the European Union increased 4.2 and 4.5%, respectively, in the last quarter of 2017. Portugal had the second largest annual increase (10.5%) of the Euro Area. House prices in the Euro Area increased 4.2% in the last quarter of 2017, according to data published this Wednesday by Eurostat. As […]
Over the last few years, the Portuguese capital has transformed itself from down-at-heel to vibrant. In a city where high youth unemployment made itself painfully felt in the aftermath of the Global Financial Crisis (GFC), Lisbon has undergone a renaissance. Almost every street appears to have a building covered in scaffolding as homeowners and businesses renovate […]
Everyone going to Portugal right now. Indeed, the country reported gleefully on another record year for overseas arrivals. Just over 12.7 million foreigners visited the country in 2017 – up 12 per cent year-on-year. Here’s why it is proving so popular. 1. Lisbon’s timeworn charm “Set against the ever-present backdrop of the Atlantic Ocean, this […]