Centeno assumes that recovery is “shy” and “still in its infancy” – Daily News – Lisbon

In New York, the finance minister reiterated that “political stability is a guarantee in Portugal”

Minister Mario Centeno finance said on Monday night in New York (United States), that Portugal “is going through a recovery process that is in its infancy” and that “political stability is a guarantee.”

“the recovery is shy, very recent and it follows a period of performance very weak in the second half of 2015,” the minister added.

the Minister participated yesterday at a dinner that ended an international forum on Portugal and economic relations with the United States. The meeting brought together about 110 investors, businessmen, politicians and economists at the Harvard Club in Manhattan.

For the meeting, Centeno took the message that “Portugal is a stable environment for investors,” which “the public administration reform is moving” and that “the national reform plan will have the expected results.”

“political stability is a guarantee in Portugal. we have threats from the extreme left or right, as in other countries, and there is a permanent dialogue with the social partners, “the minister explained.

During the event the Luso-American Chamber of Commerce, which had the support of the Agency for Investment and Foreign Trade of Portugal (AICEP), the minister said that “after six months, it is possible to undo some of the preconceived ideas that existed at the beginning” of the Government of the Socialist Party.

“we are committed to conquer capital [trust] to the institutions of the European Union. we are not devalue risks or ignore the debt. We are being cautious and are aware of external and internal risks, “Centeno said.

Investors present, the minister also said that” the budget execution is being strictly enforced “with” a very strict control spending “and that in some places, as in tax collection,” is higher than expected in the budget. “

Speaking of about 250 thousand young people who have left the country in recent years, Centeno said that” government wants to create the conditions to take an informed decision about where they want to stay and want this place is Portugal. “

” we have a young population very well formed, along with the highest ‘standard’ International, and we need to make room for her in the labor market. It is also why international investment, mature and well organized companies, is so important, “he said.

Today Centeno participates in the Pan European Days, an initiative of the Portuguese Stock Exchange that promotes about a hundred meetings in Boston and New York between PSI 20 companies (the main index of the Lisbon Stock Exchange) and investors, as well as a set of lectures.