Portugal on its away of becoming a tech hotspot in Southern Europe

Portugal on its away of becoming a tech hotspot in Southern Europe

Portugal or better known as the Portuguese Republic is a country located in Southwestern Europe. Portugal is becoming increasingly popular with huge names in technology such as Google, BNP Paribas, Euronet, and many others.

These huge tech giants have opened their facilities in Portugal. Portugal is becoming a preferred place for the technological industry as the country facilitates the industry with low financial costs, high-quality education and a good place in the quality of life index of the world. Although not as advanced as its neighbours Spain, England, and others Portugal promises a good life in the country. Nik Storonsky, Revolut chief executive, said: “Portugal is quickly emerging as a key FinTech hub in Europe, and we’re incredibly proud to be playing our part in that movement, by creating hundreds of new jobs.”  This statement comes in when the company is building its new base in Portugal which is expected to create 400 jobs in the country with an investment of 4-million-euro investment behind the base. Web Summit, the world’s largest tech conference, moved to Lisbon in 2016, which has bought more attention towards Portugal in the Tech world. The financial sector in Portugal is also on the rise as more and more tech giants head towards Portugal, hence strengthening the financial condition of the country and opening up new opportunities to the financial markets.

As the world moves closer towards the technological era domination, Portugal is all set to make its name in this race of advancements.