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Portugal and the EU

Latest business news about Portugal and the European Union.

Ease of doing business compared for 25 European cities
A new report from the World Bank Tuesday assesses the support and obstacles entrepreneurs find in setting up and expanding businesses in 25 cities in Croatia, the Czech Republic, Portugal and Slovakia.

Doing Business in the European Union 2018: Croatia, Czech Republic, Portugal and Slovakia
Doing Business in the European Union 2018: Croatia, the Czech Republic, Portugal and Slovakia - the first report of the subnational Doing Business series in these countries - assesses the business regulatory environment and its impact on local entrepreneurs in 5 cities in Croatia (Osijek, Rijeka, Split, Varazdin and Zagreb), 7 cities in the Czech Republic (Brno, Liberec, Olomouc, Ostrava, Plzen, Prague and Usti nad Labem), 8 cities in Portugal (Braga, Coimbra, Evora, Faro, Funchal, Lisbon, Ponta Delgada and Porto), 5 cities in Slovakia (Bratislava, Kosice, Presov, Trnava and Zilina). The report measures regulations relevant to 5 stages in the life of a small to medium-size domestic firm: starting a business, dealing with construction permits, getting electricity, registering property and enforcing contracts.

Spain, Portugal escape EU budget fines
EU Member States agreed Monday to waive fines on Portugal and Spain for failing to take effective action to correct their excessive budget deficits, setting new deadlines for corrective action.

Commission Opinion on the 2016 Draft Budgetary Plan of Portugal
The European Commission considers that the Portuguese government's 2016 Draft Budgetary Plan is at risk of non-compliance with the provisions of the Stability and Growth Pact. In its Opinion adopted on 5 February, the European Commission therefore invites the authorities to take the necessary measures within the national budgetary process to ensure that the 2016 budget will be compliant with the Stability and Growth Pact.

New Portuguese action plan to enforce EU fisheries rules
As part of efforts to ensure that fisheries rules are respected across the EU, the European Commission adopted on 17 September an action plan to help upgrade the Portuguese fisheries control system to European standards. This plan was prepared in partnership with the Portuguese authorities to ensure that Portugal complies fully with the requirements of the EU's 2009 Fisheries Control Regulation and the new Common Fisheries Policy to achieve sustainable fishing. The Portuguese action plan focuses largely on the catch registration system, in order to ensure that essential data to monitor catches are complete, reliable and timely. To that end, the development of IT tools to collect, share and analyse data is essential. Catch data are reported by fishermen so control authorities can monitor their fishing quotas and thus prevent overfishing.

Portugal: country overview
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. The most important sectors of Portugal’s economy in 2015 were wholesale and retail trade, transport, accommodation and food services (25.1 %) and public administration, defence, education, human health and social work activities (19.9 %) and industry (17.3 %). Portugal’s main export partners are Spain, France and Germany, while its main import partners are Spain, Germany and France.

Doing business in Portugal: Environmental rules
Businesses in Portugal are obliged to comply with certain environmental legislation in order to be able to operate.

Doing business in Portugal: Staff welfare
The Portuguese Labour Code defines the workplace rules applicable to the employees of a business.

The Euro area sovereign debt crisis: Safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal (ECB Working Paper No. 1419)
Since the intensification of the crisis in September 2008, all euro area long-term government bond yields relative to the German Bund have been characterised by highly persistent processes with upward trends for countries with weaker fiscal fundamentals. Looking at the daily period 1 September 2008 - 4 August 2011, the paper finds that three factors can explain the recorded developments in sovereign spreads: (i) an aggregate regional risk factor, (ii) the country-specific credit risk and (iii) the spillover effect from Greece. Specifically, higher risk aversion has increased the demand for the Bund and this is behind the pricing of all euro area spreads, including those for Austria, Finland and the Netherlands. Country-specific credit ratings have played a key role in the developments of the spreads for Greece, Ireland, Portugal and Spain. Finally, the rating downgrade in Greece has contributed to developments in spreads of countries with weaker fiscal fundamentals: Ireland, Portugal, Italy, Spain, Belgium and France.

Price and wage setting in Portugal
The paper "Price and wage setting in Portugal: Learning by asking" is part of the ECB Working Paper Series on wage dynamics. It presents the main findings of a survey conducted on a sample of Portuguese firms. The main aim was to identify some relevant characteristics about the dynamics of prices and wages in Portugal.

EES 2011 Portugal National Report
The Eurochambres Economic Survey 2011 report on Portugal gives an overview of the Portuguese economy in 2010 and provides a detailed analysis of the economic indicators: turnover, national sales, export, employment, investment, and business confidence.

Portugal's golden shares in EDP are unlawful
The European Court of Justice (ECJ) ruled that by retaining special rights attributed to it by means of Golden Shares in Energias de Portugal, the Portuguese State has failed to fulfil its obligation to the fundamental principle of the free movement of Capital.

Portugal must comply with Natura 2000 rules, warns EC
The European Commission has requested that Portugal ensure coastal developments in sensitive natural areas are fully compliant with EU environmental protection law.

Representation of the European Commission in Portugal
Contacts of the European Commission representation in Portugal.

Portugal Investment Climate 2009
Portugal offers a favorable investment climate for foreign capital, both in the near and long term. Its economy has become increasingly diversified and service-based since the country joined the European Community in 1986.

Access to finance
An overview of the sources of finance available to SMEs in Portugal.

Starting a business in Portugal
An overview of the process of starting a new business in Portugal.

Portugal and the euro
Portugal joined the European Union in 1986 and was one of the first-wave EU countries to adopt the euro on 1 January 1999.

Find an office in Portugal
Instant Offices Portugal

Portugal country profile
Portugal, a country with a rich history of seafaring and discovery, looks out from the Iberian Peninsula onto the Atlantic Ocean. Portugal became a member of the European Community, now the EU, in 1986.

Portugal Global
The Portugal Global website covers information about Portugal tourism, trade, investment, as well as general information about the country.

portugaloffer.com
portugaloffer.com is the simplest way for you to do business directly with Portuguese companies. Contacts, products and services are all easily reachable in this market space - the perfect place for you to find a supplier, customer, agent, or partner in Portugal.

Business Environment - Portugal
Snapshot of the business environment for the Portuguese economy, from the World Bank

Doing Business in Portugal (HLBI)
Guide on Portugal from HLB International, which has produced a series of international booklets on accounting, taxation and company law information - pdf

International Tax Guide Portugal (Deloitte)
The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Portugal Highlights and Taxation and Investment Guide, above, country links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.