Article

Portugal is transforming from a tourist hotspot to a key player in renewable energy and a data hub for North and Latin America. Despite severe storms causing €4 billion in damages and political instability, the Lisbon stock exchange index, PSI 20, has outperformed other European markets.

The government's economic measures, including tax cuts and EU funding, are expected to boost growth, while investments in renewable projects and digital transformation are on the rise. Major projects include a €8.5 billion data center and a €650 million green hydrogen facility by Galp Energia.