The European Commission (EC) has unveiled its autumn macroeconomic forecasts for 2022 and 202 and, in general, it did not bring good news for Portugal. The EC revised inflation in Portugal upwards to 8% in 2022, although this is lower than the average for the Eurozone (8.5%).
The Portuguese government is interested in attracting more and more digital nomads to the country and is preparing, for example, a programme with tourism organisations to welcome and guide these professionals in the territory, announced the Secretary of State for Tourism, Rita Marques.
The 4-day work week in Portugal is starting its pilot project in June 2023 in private companies who have volunteered to take part, with a duration of six months and without public financial incentives, extending later to the public sector, if it has a "satisfactory evolution".
Portugal continues to attract a large number of foreigners who in turn invest in property, thanks to the country's climate, safety, beaches and much more. So much so that the demand for houses to buy continues to be much greater than the existing supply in the residential market.
How can a digital nomad move to Portugal? The famous Portuguese visa law for digital nomads, which is attracting attention from abroad, came into force on 30th October 2022 and will allow foreigners to stay for a year in Portugal working remotely.