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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Portugal. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Monthly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!
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Following its heyday as a world power during the 15th and 16th centuries,
Portugal lost much of its wealth and status with the destruction of Lisbon
in a 1755 earthquake, occupation during the Napoleonic Wars, and the
independence in 1822 of Brazil as a colony. A 1910 revolution deposed the
monarchy; for most of the next six decades repressive governments ran the
country. In 1974, a left-wing military coup installed broad democratic
reforms. The following year Portugal granted independence to all of its
African colonies. Portugal entered the EC (now the EU)in 1985.
Portugal has become a diversified and increasingly service-based economy
since joining the European Community in 1986. Over the past decade,
successive governments have privatized many state-controlled firms and
liberalized key areas of the economy, including the financial and
telecommunications sectors. The country qualified for the European Monetary
Union (EMU) in 1998 and began circulating its new currency, the euro, on 1
January 2002 along with 11 other EU member economies. Economic growth has
been above the EU average for much of the past decade, but GDP per capita
stands at just 75% of that of the leading EU economies. The government has
failed to reign in a widening deficit and to advance structural reforms
needed to boost Portugal's economic competitiveness. A poor educational
system, in particular, has been an obstacle to greater productivity and
growth. Portugal has been increasingly overshadowed by lower-cost producers
in Central Europe and Asia as a target for foreign direct investment.
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