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Portuguese banks will benefit from the real estate market conditions, and the rising prices are "credit positive" according to Moody's.
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Further investment in the Algarve has been announced by the CRESC 2020 Regional Operational Programme of the Algarve, with the investment being used to help improve infrastructure, energy efficiency and employment.
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The European Stability Mechanism said on Tuesday it had decided to approve the waiver on Portugal's early repayment of the European Financial Stability Facility (EFSF) loan, thus allowing the coountry to complete early repayment of its loan from the International Monetary Fund (IMF).
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There was welcome news for consumers and the economy at the start of this week as fresh figures confirmed that Portuguese real estate continues to flourish, with Lisbon tipped to be “the market to watch” for 2019, while the cost of fuel fell to its lowest level since 2016.
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The Algarve has come away with two global awards at the World Travel Awards, also known as the Oscars of the tourism industry.
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