Embassy of Portugal in Singapore

Ministry of Foreign Affairs

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Fitch upgrades rating by two notches: Portugal achieves investment grade

pexels photo investment

Fitch upgraded the rating of the Portuguese Republic to investment grade. "This rating reflects the control of public expenditure and the improvement of the current account. This is the recognition of the economic policy options taken by the Portuguese Government", said Finance Minister Mário Centeno. "The unprecedented magnitude of this decision has been possible, as the agency points out, by the recent positive and structural changes in key areas. The robust growth since mid-2016; the dynamism of job creation and the reduction in unemployment rate to 8.5% (down from 17.5% in 2013); the recent strengthening of the financial sector; the assurances of meeting budgetary targets and the firm and sustainable reduction of public debt."

Full press release from the Portuguese Ministry of Finance.

Portugal elected to the Executive Board of UNESCO


Portugal has been elected to the Executive Board of UNESCO, for a mandate lasting until 2021. It's the fourth time Portugal has been elected for this important body of UNESCO.



3 Killiney Road #05-08 Winsland House I
Singapore 239519

+65 6224 2256

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