Santos Pereira insisted that, "It is vital that EU rules are not fundamentalists and do not block the few avenues open to Portugal for growth," adding that Portugal is "open to a new wave of German investments in which both parties can do solid business."
The minister summed up by saying, "there are numerous opportunities to invest in Portugal, now with the privatization process underway we are letting go of ANA, CTT, CP Cargo and major concessions in the transport sector, as well as investments in ports, which is expected in 2013."
The minister cited concrete reforms currently being carried out in Portugal including a new code of insolvency, the end of golden shares and a new competition law that "will make us more competitive." The minister confirmed that the government is drafting a new tax package that promises to bolster Portugal's competitiveness and reduce bureaucracy while boosting foreign investment."
Santos Pereira stressed that Portugal has to "concentrate on re-industrialization and a program which will be focused on industry balancing austerity measures with growth."
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