carollia
08-02-2007, 03:27 AM
Portugal joined the European Union in 1986 (http://en.wikipedia.org/wiki/Portugal#Economy) and started a process of modernization within the framework of a stable environment. It has achieved a healthy level of growth. Successive governments have implemented reforms and privatized many state-controlled firms and liberalized key areas of the economy. Portugal was one of the founding countries of the euro in 1999, and therefore is integrated into the Eurozone.Major industries include oil refineries, automotive, cement production, pulp and paper industry, textile, footwear, furniture, and cork (of which Portugal is the world's leading producer).[4] Agriculture and Fishing (see Portugal EEZ) no longer represents the bulk of the economy, but Portuguese wines, namely Port Wine (named after the country's second largest city, Porto) and Madeira Wine (named after Madeira Island), are exported worldwide. Tourism is also important, especially in mainland Portugal's southernmost region of the Algarve and in the Atlantic Madeira archipelago.
The real estate income of Portugal is nearest to buying property in spain (http://secondhomespain.com), they also have high property demand to foreign investors.
The real estate income of Portugal is nearest to buying property in spain (http://secondhomespain.com), they also have high property demand to foreign investors.