Latest news and stories about business environment in Portugal for expats and residents.
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In Portugal, the banking system continues to fail in channeling financial resources to productive sectors and, above all, to innovative projects. This diagnosis is part of the latest BusinessEurope barometer, which provides an annual assessment of European competitiveness based on feedback from members of BusinessEurope, the largest European business confederation, of which the...
The article explores Portugal's business landscape, noting the high number of small and medium-sized enterprises (SMEs) and the high failure rate of new businesses. It argues that the country suffers from a culture of small-mindedness and envy, which discourages ambition and consolidation. The author suggests that instead of creating numerous small, struggling companies, Portugal should focus on scaling up, fostering partnerships, and overcoming a societal bias against success and large corporations.
