Cheap Flights to Portugal
Cheap flights to Portugal. Portugal's economy is based on services and industry such as software and automotive. Business services have overtaken more traditional industries such as textiles, clothing, footwear, cork and wood products and beverages (wine, beer, juice, soft drinks). The country has increased its role in the automotive, mold-making and software sectors. Services, particularly tourism, are playing an increasingly important role. Portugal's European Union (EU) funding will be cut by 10%, to 22.5 billion euros, during the 2007-2013 period. EU expansion into eastern Europe has erased Portugal's past competitive advantage and relative low labor costs. Portugal's economic development model has been changing from one based on public consumption and public investment to one focused on exports, private investment, and development of the high-tech sector. At present, Portugal is exporting more technology than it imports
