Tag Archive for: investments

We need a country that is prepared, not surprised’ (President elect)

In spite of the unprecedented floods and landslides as a result of the last two weeks’ train of storms, people turned out in surprising numbers for the presidential elections last Sunday. The former Socialist leader António José Seguro got 67% of the vote – almost twice as many as his rival, Chega leader and far-right populist André Ventura – and more than any other president before him.

Even in areas where voting has been delayed due to the bad weather and lack of conditions to open polling stations – comprising approximately 0.3% of the electorate – Seguro was the most voted candidate.

In less than three weeks, mainland Portugal has been raided by six storms – Ingrid, Joseph, Chandra, Kristin, Leonardo and Marta – which were accompanied by heavy rainfall. The damage caused by the extreme weather already amounts to more than 4 billion euros, and so far 15 people have lost their lives during this national calamity.

But it’s not over yet. The continuing rain and rising river levels – especially of the Tejo, Douro and Mondego –  are leading to extensive flooding and landslides, as a result of the completely saturated soils. These extreme events will occur with greater violence because of the climate crisis, which leads to warmer atmospheres and oceans.

A recent report of the McKinsey Global Institute concluded that a quarter of the country is currently exposed to climate risks – floods, forest fires and drought – and that the government will need to invest double the amount it currently spends on climate resilience.

Although Portugal’s presidency is a largely ceremonial role, it holds some key powers, including the ability to dissolve parliament under certain circumstances, to call snap elections, and to veto legislation.

The longstanding moderate socialist Seguro – who paradoxically has won the support of mainstream politicians on the right wanting to halt the rising populist tide – assured the Portuguese, however, that he has no interest in changing he constitution, in increasing the president’s powers, nor in dissolving the current minority government.

Last May, the far-right Chega party became the second largest parliamentary force, overtaking the Socialists and landing behind the centre-right ruling alliance, which garnered 31.2%.
‘With more than 32% of the vote this month, Chega managed to exceed the government’s share of the vote, reinforcing Ventura’s project to cannibalise the rightwing space in the country.

Keep your feet dry         Mantenha os pés secos (pic Público/Sapo)

The largest gathering of young Catholics worldwide

According to the Census of 2021, 80% of Portuguese older than 15 years adhere to the Roman Catholic faith.
World Youth Day (WYD) is a major, religious encounter between young Catholics from all over the world and the Pope taking place for the first time this year in Portugal.

This biggest event ever is to be held from 1-6 August in Lisbon and the neighboring municipality of Loures. Around 1.5 million youngsters from 180 countries are expected. To date, more than 10,000 volunteers have been registered but 20 to 30 thousand are expected. During the event, police officers will see their holidays suspended.

The WYD occurs every two or three years in a city chosen by the Pope, lasts about a week, and is both a pilgrimage and a youth festival. The event is open to everyone between 14 and 30 years. The first WYD) took place in Buenos Aires (1987) and the last in Panama (2019).

The main ceremonies take place in the Tagus Park, north of Parque das Nações, along the Tagus river. Pope Francis will arrive on the 3rd and close the event on the 6th of August with the ‘missa do envio’ (farewell mass).

There will be an altar stage constructed at the Tagus costing about 3 million euros (after the event to be used for other shows and spectacles).
The four-meter high stage will have a capacity for 1250 people (including bishops, concelebrants, choir and orchestra, sign language interpreters, and technical staff) and covers an area of 3250 square meters.

Costs are estimated at 160 million euros. Lisbon City Council is willing to invest up to 35 million (including 21,5 million for the requalification of the Tagus Park), the Government 36,5 million, and Loures up to 10 million euros. The president of the Lisbon WYD Foundation and auxiliary bishop of Lisbon Américo Aguiar declared that the Church’s investment will be at least 80 million (30 million for feeding the participants) as the Church will be responsible for the costs of everything related to the reception of pilgrims. 

The economic return on the studies carried out in relation to Madrids WYD (2011) represented an economic benefit of around 350 million euros. ‘I assume that Portugal will have an economic return of the same magnitude’, declared José Sá Fernandes, the government coordinator of the event.

Given the expected influx of participants to the week-long Catholic jamboree prices for accommodation are already skyrocketing. Hotels in Lisbon are cited as charging over 4000 euros a week, apartments in Moscavide, Loures cost 5000 a week, an apartment in Fátima 8000 a week, and a three-bedroom apartment in the nearby Parque da Nações likely to cost 2500 euros a day!

The director of the National Department of Youth, father Filipe Diniz, believes the recent report on child sexual abuse by members of the clergy will not affect the event. In fact, he went so far as to suggest that participation in WYD could ‘increase religious vocation’.

Two tons of wheat produced in the Alentejo will be transformed by the Sisters of the Immaculate Heart of Mary Monastery in Lisbon into millions of hosts for the Eucharistic celebrations.

Most surprising, however, is that six months from the opening hardly any construction work has begun on site.


Enjoy the week            Aproveita a semana               (pic Público/Sapo)