Portugal is an extremely distinctive country that attracts people who value comfort and safety. We often write about Portugal and its Golden Visa program, in which the investor receives a European residence permit, and then citizenship. So that your understanding of the country is not limited to information about a residence permit by investment, we have collected important facts about the economy, tourism, education and security of Portugal in one article.
Portugal is a prime example of a country that rebuffed the 2008 global crisis. The measures taken by the government allowed the country to embark on the path of recovery. In 2011, the rating agency Moody’s assigned the jurisdiction a “junk” rating, as it had a high risk coefficient.
Already in October 2018, Moody’s Portugal's credit rating was set at Baa3 with a stable outlook. The international rating agency Fitch has upgraded Portugal's credit rating to investment grade (BBB) with a stable outlook. The credit rating of DBRS for Portugal is BBB with a stable outlook.
Important to know: Fitch stripped Portugal of its investment grade rating at the end of 2011, after the country received a € 78bn loan from the EU to cover public debt.
According to experts, the favorable dynamics is due to a combination of structural budgetary reforms, a decrease in the unemployment rate and an overall improvement in financial conditions. According to estimates by Statistics Portugal, the economy grew by 2.7% in 2017. Compared: in 2016 - by 1.5%. At the end of 2018, the government decided to raise the minimum wage to € 600 (previously € 580). In addition, the amount of pensions will be increased by € 10. Reported by The Portugal News.
Positive ratings from rating agencies help expand and diversify the investor base and help reduce household financing costs. If the country continues to reduce its public and private debt while improving its financial stability, its credit rating will rise.
The Portuguese government predicts that by the end of 2019, the size of the public debt will decrease to 118.5% of GDP, compared to 121.2% at the end of 2018.
The budget for this year, which was approved in November, has a deficit of 0.2% of GDP against 0.7% of GDP in 2018. The authorities plan to eliminate the deficit by 2020.
Important to know! According to the latest data from the World Bank, in the Ease of Doing Business 2018, Portugal is ranked 34th out of 190 countries for ease of doing business.
Portugal is a state on the Iberian Peninsula with a rich historical and architectural heritage, interesting traditions. People come to Portugal to enjoy the silence of their private life, local wine in colorful cafes, and for the vivid impressions of exploring the underwater world of the Atlantic Ocean.
Portugal received 16 international awards last year in various fields of tourism, including the World Travel Awards as the world's best travel destination, according to the government.
Portugal is an unknown, fascinating country. Many people know about Spain, but Portugal will remain a mystery if you do not visit it.
By the way, not everyone knows that Madeira Island is located practically in Africa: on the same latitude as Egypt, Tunisia and Morocco. Therefore, it is warm there all year round! Let's go to eternal summer!
The Madeira Island Tour is a luxury tour with active tracking. We live in a hostel with all the conveniences and ride on an ordered transfer! The principle of our tour is “see more, take a walk light”. We do not wear backpacks, and at the same time we visit all the most interesting places of the island. We will begin our journey in the capital of the island - the city of Funchal, and after that we will go to conquer the mountain ranges, the main peak of the island Pico Ruivo and the famous volcanic caves, enjoy the landscapes of the Atlantic Ocean. At the same time, swimming in the ocean will not keep you waiting long! From April to October, the water temperature is 20-23 degrees. From November to March, the temperature of the bathing water is not very comfortable, but those who wish can refresh themselves.
The island of Madeira attracts tourists from all over the world primarily with its breathtaking trekking routes overlooking the ocean. There are few beaches in Madeira, but we have found some pleasant swimming spots for you.
New! Now everything has become easier and more convenient: this tour can be bought on credit. Contact the coordinator for details.
Please note that due to the climate of the island, the program may change by day depending on the weather on a particular day. Free day - a spare day in case of rainy weather.
Group gathering for the day in Funchal in our cozy hostel, which will be our home during the entire trip. Today you can walk around the city on your own and see the sights: the Botanical Garden and the Quinta do Paleiro Ferreiro Gardens, the Cathedral, the Wine Museum, the Monastery of St. Clara, the Fortress of San Tiago, the City Hall, the Jesuit Church.
Overnight in a hostel in 3-8 bed rooms. Accommodation conditions are European, but minimalist. Accommodation in double rooms is possible for extra. fee. Requires advance booking through the coordinator at least 2 weeks before the tour.
Portugal's small size allows travelers to see all of its beauty in one trip. What to see in Portugal first of all? We present to your attention 10 of the most interesting, in our humble opinion, sights of this country.
1998 for Portugal was rich in major events: Lisbon hosted the international exhibition Expo-98, the 500th anniversary of Vasco da Gama's discovery of the sea route from Europe to India was celebrated. In the same year, a grandiose cable-stayed bridge was opened across the Tagus River, which received the name of the above-mentioned Portuguese navigator.
The total length of the bridge was 17 km, making it the longest in Europe. until May 2018, when the 19-kilometer Crimean bridge was erected.
Despite losing a record, this structure is still a source of pride for Portugal. When visiting Lisbon, be sure to pay your attention to it.
The most emblematic mode of transport for Portugal is the tram. Of course, in the largest Portuguese cities, the metro is developing, modern buses run, and trains run between cities. But among this modern endless traffic flow, like many years ago, old trams still crawl, delighting the guests of the country.
Where can you ride this tram? Here are the most popular routes:
1. Tram number 28 in Lisbon
Without a doubt, the main attraction of Portugal is the ocean. It is for the sake of his contemplation that many seek to visit this country. Finding a place for this exciting event is not at all difficult: as mentioned above, tram number 1 is perfect for this in Porto; in Lisbon, the popular resort of Cascais is located nearby.
Environmental safety Environmental safety in the Russian Federation is regulated by the Constitution of the Russian Federation, Article 72 - which states that the issues of nature management, environmental protection and environmental safety are under the joint jurisdiction of the Russian Federation and its subjects. Environmental safety is a state of protection of a person, society, state and environment from negative