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Portuguese Market Insight: Retailers Struggle To Compete With Online Discounts

Portugal was shaken by a political earthquake in November when the prime minister resigned after he, and people in his close circle, were the target of a criminal investigation over suspicions of corruption in projects relating to the country’s energy transition. The government’s fall has put Portugal on stand-by mode with lots of projects and decisions waiting until new elections in March 2024, leaving the economy in a difficult situation. By Nuno Principe Even so, the state budget was…