Behind this week’s headlines
Portugal’s minister of
finance said today that growth in the first quarter and the decline in
inflation to 4% in May was “good news”. He added that it opened up good
prospects for the rest of the year.
The travel industry in Portugal has rebounded well from the
COVID pandemic and more Americans than
ever are visiting. The number of American tourists in 2022 increased by 27% and
their spending increased by 51% compared to 2019. The US is now Portugal’s 4th
largest market, according to a report in TravelPulse,
which is said to be the most visited travel trade website in the world.
April was a record month for tourism in Madeira in that a
total of 923,000 overnight stay were recorded by the regional statistics
office. This was 10.9% up on the same month last year. It is the first time
more than 900,000 overnight stays have been exceeded.
A new law that came into force yesterday prevents banks for
charging from changing account holders in the event of death. It also stops
them charging for photocopying documents.
It has been announced that more than 10,000 officers will be
mobilised to ensure good policing and safety during the World Youth Day
celebrations, which will take place in Lisbon on the first week of August and
be attended by Pope Francis as well as many thousands of young people from
around the world.
It has been announced that the old marine equipment factory
of the Portuguese Navy in Lisbon will be the venue for this year’s
international street art exhibition. It starts June 21 with works by 18
Portuguese and foreign artists.