“Portugal is one of the least exposed countries” to the impact of the war on the economy
O Portuguese Economy Minister, Pedroiza Vieira, assured this Thursday that the economy will not be decided by the Russian invasion of the two Ukrainian countries, since it has “low intensity of contacts” with the economies of the two Ukrainian countries.
“The Portuguese economy has a relatively low intensity of contacts with both Russia and Ukraine. The level of trade is very low, the level of foreign direct investment in either direction is also low. Therefore, Portugal is one of the countries least exposed to this situation directly”assured in an interview with the program Grande Interview, on RTP3.
“The country revealed that several countries – several countries, including in exports, due to the port of military oil and natural gas to peso” even to military oil products and natural gas to peso. The import that is currently the most “significant” is maize, which comes from Ukraine.
However, what happens when products from Russia – which is a major producer of both energy products, foodstuffs and mineral resources – stop trading with the West, is that there is a disturbance of markets in general, with prices of these materials and a great volatility in terms of prices” he warned. In this way, Portugal is “affected by partnerships” and this “impact is not reduced”.
Which states that the economic magazines, despite the minister of low income, continue to point to Portugal as one of the European countries that will have “growth this year”.
The Prime Minister, António Costa, said today that he expected the European Commission on Crescent Value to be two years prior to the Portuguese proposal two years ago with Electricity. The official met in Brussels with the President of Parliament, Roberta Metsola, and stressed, at a press conference, that “the rules are clear and the question of VAT rates requires authorization from the Commission”.
He also revealed that the meeting scheduled for Friday, in Rome, with the Italian, Spanish and Greek counterparts aims to adopt “a common proposal” with a view to energy prices.
Costa stressed that the four countries want to have a “common proposal” to present to the Commission and the European Council, in order to obtain a “response as quickly as possible on something that is urgent, which is to be able to reassure families about price stabilization. and guarantee the production conditions that it does not delay the ongoing recovery process and that it is so successful”.
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