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Portuguese Finance Minister: Attracting Investment Should Be a Top Priority

Portuguese Finance Minister: Attracting Investment Should Be a Top Priority

Portugal's Finance Minister: Attracting investment should be placed as the top priority. For the best immigration information, please visit the official WorldWay investment immigration website.

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Follow Portugal Immigration and Portugal Economic news: On Tuesday, October 22, Portuguese Finance Minister Pires de Lima stated that attracting investment is currently Portugal's top priority.

Portuguese Finance Minister: Attracting Investment Should Be a Top Priority

Lima said: "For Portugal, attracting investment should be placed at the top priority."

He pointed out that Portugal's exports are gaining market share in Europe. "Portugal's labor costs have significantly decreased over the past two years," Lima stated.

Lima expressed: "I believe that value-added technology companies or export-oriented companies are not developing quickly in Portugal. Labor costs are one factor, and other factors include bureaucracy and aggressive taxation, which we are working to overcome."

Additionally, Lima mentioned that he is closely monitoring the situation in Ireland.

Last Monday, the Portuguese government planned to cut corporate taxes by 23% in 2014. Last Tuesday, the Portuguese government announced plans to reduce government spending by 3.2 billion euros next year.

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