Article

Portugal is experiencing a significant economic transformation, emerging as a renewable energy and data hub for North and Latin America. The PSI 20 index in Lisbon has seen substantial gains, outperforming other European markets despite recent severe storms causing €4 billion in damages.

The government anticipates a growth rate of 2.2% by 2026, driven by increased private consumption, tax reductions, and a budget surplus. Key investments include an €8.5 billion data center project near Lisbon, supported by Microsoft, and Galp Energia's €650 million green hydrogen facility. EU funding is facilitating these developments, enhancing Portugal's economic landscape.