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Public debt dropped by 5.6Bn€ in June, after the payment of 8.1Bn€ in general obligation bonds during that month as reported by the Bank of Portugal. With such reimbursement, the public debt fell from 252.5Bn€ to 246.9Bn€. During last June, IGCP (Portuguese Treasury and Debt Management Agency) underwent the biggest amortization of the year by […]
Investment in real estate in Lisbon hit a new record, reaching €5.92 billion in 2018, according to the Confidential Imobiliário. (Ci). Lisbon’s real estate continues to break new records. Last year, the investment in the Urban Rehabilitation Area (ARU) of Lisbon amounted to €5.92 billion, the equivalent to 13,150 transactions, according to data from the […]
According to the World Travel & Tourism Council (WTTC) report, tourism grew by 8.1% in 2018, obtaining the highest rate among European Union (EU) countries and also one of the highest among all European countries. According to the printed edition of Jornal de Negócios, last year the estimated direct impact on the Portuguese economy was […]
Minister of the Environment says that Portugal will not dispense with the leadership in the decarbonization and that this will be even more evident when the data for 2019 are known. Portugal has taken the lead in European countries that are reducing carbon dioxide emissions by achieving a 9% reduction during the year 2018. This […]
The average sale price of housing in Portugal increased to €996 per square meter in the fourth quarter of 2018. According to the National Statistics Office, Lisbon and Porto saw growth rates above 23 percent. Lisbon and the Algarve still have the most expensive real estate in Portugal, with Porto having one of the biggest […]
Emerging Trends in Europe 2019 ranked the real estate markets in major European cities according to their overall investment and development prospects. With some of Europe’s major markets judged to be peaking, attention is shifting to smaller, dynamic cities: the “rising stars”. This year’s choice for overall prospects is Lisbon, rising 10 places to number […]
Portugal was voted Europe’s leading destination for the second year in a row at the World Travel Awards. The awards ceremony took place on 30th June in Athens, Greece. Also last year’s winner, this year Portugal competed against countries such as Austria, England, France, Germany, Greece, Ireland, Italy, Norway, Spain, Sweden, Switzerland and Turkey. Portugal […]
Now in its 24th year, the annual World Travel Awards celebrate excellence across diverse sectors of the travel, tourism and hospitality industries. 2017 saw countries like Ecuador, Chile and Bolivia being celebrated for their unique offerings, while Portugal scooped a number of major prizes that will no doubt add fuel to the country’s rapidly growing reputation as […]
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 […]