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Portugal is a beacon of political, social and financial stability

Prime Minister, Luís Montenegro, has stated that Portugal is “a beacon of political, social and financial stability”, stressing that this is one of the main competitiveness factors of the country, along with security.

Tuesday, 17 December 2024 - News

In Vila Nova de Famalicão, district of Braga, during the inauguration of the new facilities of the Center for Nanotechnology and Technical, Functional and Intelligent Materials (CeNTI), Montenegro even pointed to Portugal as a “reference” for financial stability in the European Union.

“Who would have thought that, a decade ago, after a recovery process in which we had to request external help, today we are, within Europe, a reference for financial stability, with one of the best performances in the European Union?”, he said.

For the Prime Minister, this is one of the competitiveness factors that the country cannot ignore or waste.

Furthermore, he highlighted, that Portugal is “a safe country”, a reality that needs to continue to be guaranteed, as it is yet another important economic asset.

The geostrategic location, the investment in energy autonomy and the commitment to knowledge and its application in the economy were other “trump cards” used by Montenegro to emphasise that Portugal “has everything to win”.

In his speech, the head of government recalled that Portugal faces “a cycle of investments worth many millions of euros” in the defense area, to emphasise that this is a vein that companies can take advantage of.

“There is an opportunity here. I don’t decide on companies’ investments, but it’s worth looking at this sector,” he said.

He guaranteed that the Government will continue “relieving the country of a tax burden that is painful for people and companies” and is “investing a lot” in simplifying and reducing the bureaucratic burden, ensuring that this is a cause “that will not let go”.

For the Prime Minister, it is necessary to continue stimulating interaction between knowledge and companies, so that the country can “look to the future without fear”, paying good salaries and retaining talent.

 

Source: https://www.theportugalnews.com/news/2024-12-16/portugal-is-a-beacon-of-political-social-and-financial-stability/94276

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