Portugal with its 10 million inhabitants is a relatively small market. However, the Portuguese economy has made great strides since joining the European union in 1986. Portugal has instituted a wholesale restructuring of its economy, using public sector privatisation and private sector modernisation to open its domestic markets to increased external competition and direct foreign investment. Major foreign companies are being attracted by one of the world's most stable and lucrative sites for foreign investment. A massive privatisation program has reinvigorated a host of Portuguese companies. The success of the privatisation program together with deep economic reforms have created a stable environment to do business.

Consistency and continuity of economic policies have enabled Portugal to move towards the EU mainstream even though the financial crisis 2008-2013 has impacted the country. Portugal is still in transition and the Portuguese are a resilient people with sufficient experience to address the new growth challenges confidently.

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