Portugal continues to give positive signs of economic growth and increases its attractiveness for foreign investment. Tourism remains a boost to the economy.
A welcoming country for tourists
Portugal came 4th worldwide in for most tourist-friendly destinations in the latest ranking from the World Economic Forum, providing quality touristic infrastructure and services to visitors and internal and international security.
This country is recognized as one of the safest in nations in the world. According to the latest quaterly report from the European Travel Commission, safety is one of the main concerns of tourists when choosing where to go, and Portugal is among the fastest growing destinations in Europe.
Therefore, tourism remains one of the main highlights. The country as a whole as well as different cities and regions have been receiving multiple awards. Read more: Portugal is the country to go in 2017
Impressive economic recovery and foreign investment
During a recent visit to Portugal, Pierre Moscovici, the European commissioner for Economic and Financial Affairs, Taxation and Customs, congratulated Portugal on the impressive economic progress that the country achieved after the crisis, emphasising the growth of foreign investment and the role of tourism.
Indeed, Portugal’s attractiveness is increasing among investors. The report from the consultancy firm EY (part of Ernst&Young) reveals that Portugal is one of the European countries attracting higher investment intentions. The social stability, workers’ qualifications and labour costs are the three most attractive aspects for investors.
The report defends that Tourism and the Information Technology field will be key sectors for the development of the Portuguese economy. It also emphasizes the startup environment, which is considered as good as in other developed European countries, while having room for improvement. Read more: Brand Portugal on the rise