With unemployment figures continuing their downward spiral, sovereign debt yields falling, tourism and exports growing, the Portuguese Prime Minister has this week forecast with the utmost conviction that 2017 will be a year of unprecedented growth.

Overnight stays in Portugal’s hotels rose by almost ten percent over January to June this year, to 25.3 million, mainly spent by non-residents.

An annual report out this week by Live & Invest Overseas for American expats has once again listed the Algarve as the best place in the world to retire. Lisbon also makes an entry into this year’s rankings and has been placed in seventh.

The Algarve region is up for 20 awards at the Publituris Portugal Travel Awards, defining the region as being one of the most important in the country for tourism.

A weekly ferry link between the Algarve and Madeira is set to go ahead, offering passengers the chance to reach the island within 24 hours by sea when setting sail from Portimão.

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