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Lisbon is reinforcing its standing as a world-class tourism destination as it steps up to host the most important night of the year for the global travel and tourism industry.

Portugal's prime minister on Monday announced an additional €100 million from the European Investment Fund to support projects of technological innovation and the start of a "Tech Visa".

Portugal has won the category of the ‘World’s Best Golf Destination,’ for the fifth consecutive year, beating off the challenges from Abu Dhabi, South Africa, Argentina, the United States, New Zealand, the Dominican Republic and Vietnam.

Banks in Portugal have announced that property prices continue to rise across the country with the largest increases in property valuations being found in the Algarve region.

Organisers of Europe’s largest tech event, the Web Summit, have said they hope this will be “the biggest and best” edition ever, with over 70,000 guests participating this year.