Tech industry players are moving to Portugal: Here’s why you should take notice

Portugal probably isn’t the first country that springs to mind when thinking about startup scenes. Hit hard by 2008 financial crash, Portugal – and in particular its capital, Lisbon – struggled to keep its head above water in the years soon after. Its economy contracted by 3.2 percent in 2012 and unemployment hit 18 percent during the crisis. But the country of 10.3 million people has since made a remarkable turnaround. Today, the IMF forecasts a 2.5 percent growth rate, and unemployment dropped to below 10 percent this year for the first time in nearly a decade. And while some…

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