Starting from entry into the European Economic Community, Portugal’s economy began the process of modernization in which the privatization of some state companies and the liberalization of the economy led to great benefits and the strong development of the financial and telecommunications sectors .
| Full Name: | Portuguese Republic |
| Form of Government: | Parliamentary Republic |
| President: | Aníbal Cavaco Silva |
| Prime Minister: | Pedro Passos Coelho |
| Adoption of the Euro since: | January 1, 1999 |
