/Ukraine: Marcelo considers Portugal to be a “net beneficiary” of the current international situation
Ukraine: Marcelo considers Portugal to be a “net beneficiary” of the current international situation

Ukraine: Marcelo considers Portugal to be a “net beneficiary” of the current international situation

The President of the Republic considered today that Portugal is a “net beneficiary” of the situation experienced at an international level, as it is seen “as distant from the war” in Ukraine, and defended that “the smart thing is to know how to take advantage of this opportunity”.

“As it happened, although in a very different way in the Second World War, we are at the moment net beneficiaries of the situation experienced: Portugal is in solidarity in the war, but it is seen far from the war, it is seen far from the war for tourism, is seen far from the war for investment”, underlined Marcelo Rebelo de Sousa.

The President of the Republic was speaking at the meeting “Portugal XXI: Country of the future”, which took place today in Casa das Histórias Paula Rego, in Cascais, which also had the participation of the Minister of the Presidency, Mariana Vieira da Silva, the vice-mayor of Cascais, Miguel Pinto Luz, and the president of Portugal XXI, Hugo Nogueira.

Marcelo Rebelo de Sousa s stressed that “what was investment madness for Eastern Europe at a given moment, now becomes a fad, or it could be a fad for Portugal”.

“The same applies in comparison with our other partners, which are Mediterranean, or almost Mediterranean, but closer to the attritive hinge”, he underlined.

The Head of State defended that it is because Portugal is currently a net beneficiary “tourism numbers that already exceed 2019 — it’s not 2020 or 2021 — and investment numbers that are surpassing 2019, it’s true that with the help of inflation”.

“We have to discount inflation, but even discounting inflation, it is what it is. It is the reality that it is. It will be said: ‘it is conjunctural, because the investment is largely real estate in one part, it derives from having economies or societies that are unstable and, when in doubt, people look for a safe place’. It was like that in other times, the smart thing is to know how to take advantage of this occasion, because it is partly irreversible, in part it may not be repeated as often”, he stressed.

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