Article Abstract:
Foreign investment in Portugal should be boosted byfunding from the European Union (EU) totalling about $27.5 billion between 1995 and 2000.Sectors and activities likely to attract investment include finance, industry, infrastructure andprivatization. There was a peak for direct foreign investment of $4.4 billion in 1992, falling to$1.7 billion in 1993. Most investment has come from the European Union (EU) with the UKaccounting for $2.2 billion from 1991-1993. Companies investing in Portugal include GeneralMotors, Samsung and Texas Instruments.
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Article Abstract:
Madeira aims to attract foreign investment in industrythrough its International Business Centre which is run by the Madeira Development Co (MDC).The MDC includes a financial center, free trade zone, international register of shipping andinternational services center. Grants, subsidies and tax concessions are available for foreigninvestors. Madeira offers a base for companies from outside the European Union (EU) seeking toenter the EU market through manufacturing in the EU. Labor costs are low, but social securitycosts are 25% of salaries.
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Article Abstract:
Madeira has seen a rise in per capita income followingthe entry of Portugal into the European Union (EU). Income has risen to some 50% of EU levels,similar to income in Portugal, from some 25% of EU levels. Madeira accounts for some 3% ofthe population of Portugal and receives some 6% of funds from the EU for Portugal. TheMadeira Development Co (SDM) was set up by the regional government, and is seeking toattract foreign investment through measures such as the founding of an offshore financial centerand a free trade zone.
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