According to a recent report by the Portuguese newspaper "Diário Económico," despite facing economic recession, the fiscal austerity policies of the "Troika," and a period of political instability, 2013 was the best year for the Portuguese stock index PSI-20 since 2009, rising by nearly 17%. More than half of the national stock indices recorded double-digit growth in annual profits. The construction group Mota-Engil, the Commercial Bank BCP, and the multimedia operator ZON all reached historic highs in their performance this year.
Industry insiders believe that in addition to company-specific reasons, the recovery of the external economy and loose monetary policies were key factors in these companies achieving such excellent results.
Source: Economic and Commercial Counselor's Office of the Embassy of the People's Republic of China in Portugal
