Edition 1450
18 November 2017
Edition: 1450

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Portugal ready to cash in on Brexit and Catalonia

by TPN/ Lusa, in News · 08-11-2017 19:34:00 · 0 Comments


The Portuguese economy minister, Manuel Caldeira Castro, said on Wednesday at the Web Summit, that the country would be happy to welcome companies leaving Catalonia in Spain because of the political crisis and those leaving the United Kingdom because of Brexit.

Portugal ready to cash in on Brexit and Catalonia

 

These countries would find Portugal a tolerant and open-to-business country which welcomes companies from Europe and the rest of the world.

 

They would also find a competitive atmosphere in terms of costs, the quality of technological infrastructures and workers.

Referring to the economic and financial situation in the country, Mr Castro said that the stability that Portugal presents both financially and politically, makes it a more appealing country to invest in.

 

Car manufacturers such as Mercedes and Volkswagen are hoping to make major investments in Portugal, he added.

 

In the next few days Mr Castro has several meetings scheduled with investors from all over the world, some of whom have asked to meet with the minister.

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Edition 1450
18 November 2017
Edition: 1450

Read this week's issue online exactly as it appears in print.

Twitter