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Portugal

Yearbook 2017

Portugal. According to Countryaah.com, Portugal suffered several major forest fires during the year. In June, some 60 people died in a forest fire in the Pedrógão Grande in central parts of the country; most of the dead were caught by the flames as they sat in their cars on the road between Figueiro dos Vinhos and Castanheira de Pera. Prime Minister António Costa announced three days of country grief. Also in August and October, several fires raged, caused by extreme drought and heavy winds on the Iberian Peninsula. In October, at least 27 people died in fires in northern and central Portugal. The latter fires led to Interior Minister Constança Urbano de Sousa choosing to resign.

2017 Portugal

Sweden wants to renegotiate a tax agreement with Portugal that allows Swedish pensioners residing in Portugal to take out occupational pensions without paying taxes. That is why the Ministry of Finance contacted the authorities in Portugal in March. During a meeting with the eurozone finance ministers in Tallinn later in the year, Portuguese finance minister Mário Centeno said that it could possibly change the taxation of income and pensions for foreign persons with so-called non-habitual residence (NHR) status by introducing a tax of 5- 10%. However, when the Portuguese budget for 2018 was presented in late November, there was no indication that there would be any changes in this taxation.

In May, Portugal won the Eurovision Song Contest for the first time with the song "Amar pelos dois", performed by Salvador Sobral. Next year, Lisbon will host the event.

In early January, former President Mário Soares, 92, died. He was prime minister in 1976–78 and president in 1986–96. Soares played a leading role in the democratization process after the 1974 revolution, when the dictator António Salazar's regime was overthrown.

It is doing well for the country's economy. So good that in June, the big bank Barclays claimed that Portugal had the strongest growth in ten years and that Standard & Poor's credit rating agency in September raised the country's credit rating to just above the "garbage level". It was also thought that the country's GDP will grow by an average of 2% by 2020. One contributing factor could be Finance Minister Mario Centeno, "EU Finance Minister Ronaldo", who was also elected as the Eurogroup chairman in December.

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