What seasonal jobs are available in Portugal this Summer? - Portugal Business News News Jobs Europe - What seasonal jobs are available in Portugal this Summer and what is the minimum salary?   Here is the list of the Top 10 summer jobs available in Portugal:     1 - Are there job vacancies for seasonal work in Portugal this Summer?   There are more than a thousand job vacancies for seasonal work in Portugal in 2025 compared to 2024.  The regions in Portugal where there is the highest demand for seasonal work are the Algarve, Lisbon and Porto.   The increase in vacancies for seasonal work in Portugal is driven by growing tourist demand and by the holding of major events and festivals in several regions of the country. There are therefore seasonal jobs available in Portugal not only in hotels and restaurants, but also in areas such as logistics, transport and security.     2 - Here is the list of the Top 10 summer jobs available in Portugal:   1 - Table and bar waiters 2 - Kitchen assistants 3 - Hotel receptionists 4 – Valets 5 – Lifeguards 6 - Tour operators 7 - Airport support workers 8 - Fruit pickers 9 - Sales promoters   10 - Store operators in tourist areas.     3 - What is the minimum salary for seasonal jobs in Portugal?   Summer represents a peak in demand for seasonal workers and therefore higher wages. Although the minimum salary for many of the summer jobs in Portugal start from the national minimum wage, that is 870 euros in 2025, there is a clear salary raise for professionals with more experience or for specialized functions, such as chefs, according to data analyzed by Randstad.

What are the new European Unicorns in 2025? - Portugal Business News Tech News Europe – Here are the new European Unicorns in 2025 and the number per country, according to Dealroom.   While 84 new Unicorns were created worldwide so far in 2025, 62% are based in the US. However, Europe also has a number of new Unicorns in 2025, with a special mention for the UK that just created 6 new Unicorns.     How many new Unicorns are there in Europe in 2025?   There are 14 new Unicorns in Europe so far in 2025.       Here is the list of new European Unicorns in 2025:     1 - United Kingdom   The UK ranks 1 st country in Europe by the number of Unicorns created so far in 2025, with 6 new Unicorns.   Here is the list of new Unicorns in the UK in 2025:   ·      Isomorphic Labs – Biotechnology sector – with a valuation of USD 2.4 - 3.6 billion. ·      Tide – Fintech sector - with a valuation of USD 1 billion. ·      Verdiva Bio – Pharmaceutical biotechnology sector - with a valuation of USD 1.6 – 2.5 billion. ·      Mubi – Media streaming sector - with a valuation of USD 1 billion. ·      Oxford Ionics – Semiconductors sector - with a valuation of USD 1.1 billion. ·      PhysicsX – Deeptech & machine learning sector - with a valuation of USD 1 billion.     2 - Germany   Germany ranks 2nd country in Europe by the number of Unicorns created so far in 2025, with 2 new Unicorns.   Here is the list of new Unicorns in Germany in 2025:   ·      Quantum-Systems – Robotics Transportation sector - with a valuation of USD 1 billion. ·      Parloa – Marketing Enterprise Software - with a valuation of USD 1 billion.     3 – Ireland   Ireland ranks 3 rd  country in Europe by the number of Unicorns created so far in 2025, with 1 new Unicorn.   Here is the list of new Unicorns in Ireland in 2025:   ·      Tines – Security Enterprise Software sector - with a valuation of USD 1.1 billion.     4 – Portugal   Portugal ranks 4 th  country in Europe by the number of Unicorns created so far in 2025, with 1 new Unicorn.   Here is the list of new Unicorns in Portugal in 2025:   ·      TEKEVER – Security Robotics sector - with a valuation of USD 1.3 billion.     5 – France   France ranks 5 th  country in Europe by the number of Unicorns created so far in 2025, with 1 new Unicorn.   Here is the list of new Unicorns in France in 2025:   ·      Zama – Security Fintech sector - with a valuation of USD 1 billion.     6 – Italy   Italy ranks 6 th  country in Europe by the number of Unicorns created so far in 2025, with 1 new Unicorn.   Here is the list of new Unicorns in Italy in 2025:   ·      Namirial – Legal enterprise software sector - with a valuation of USD 1.2 billion.     7 – Poland   Poland ranks 7 th  country in Europe by the number of Unicorns created so far in 2025, with 1 new Unicorn.   Here is the list of new Unicorns in Poland in 2025:   ·      Diagnostyka – Biotechnology health platform - with a valuation of USD 1.1 billion.     8 – Sweden   Sweden ranks 8 th  country in Europe by the number of Unicorns created so far in 2025, with 1 new Unicorn.   Here is the list of new Unicorns in Sweden in 2025:   ·      MilDef Group – Semiconductors sector - with a valuation of USD 1.1 billion.

Nicole Kidman is applying for a residence permit in Portugal - Portugal Business News News Celebrities Portugal - Nicole Kidman is applying for a residence permit in Portugal to purchase a house in celebrity hotspot Comporta, in Setúbal.   Nicole Kidman landed at the Tires airfield in Cascais, Lisbon, on July 20 th  and has already started the process to obtain Portuguese residency in order to buy a house in the luxury resort Costa Terra Golf & Ocean Club in Melides, Setúbal. Nicole Kidman already purchased an apartment in Lisbon in 2023, and is now investing in Portugal’s Setúbal region where international celebrities can enjoy privacy in an idyllic beach location.  Who are the celebrities who bought a house at the Costa Terra Golf & Ocean Club in Portugal?   Nicole Kidman’s neighbors at the Costa Terra Golf & Ocean Club will be Princess Eugenie and her family, Prince Harry and Meghan , Paris Hilton, George Clooney, and Sharon Stone.     By acquiring a house in CostaTerra resort, celebrities are placing Portugal’s prime property market in the limelight.  The 200-hectare luxury development is owned by US company Discovery Land Company and the minimum price for a lot is 3.4 million euros. Costa Terra Golf & Ocean Club in Portugal   includes the construction of 292 residences and a golf course designed by Tom Fazio, as well as bars and restaurants.   House prices on Portugal’s prime real estate market are rising rapidly as the country is becoming a celebrity hotspot  where the rich and famous such as Nicole Kidman and Keith Urban, Scarlett Johansson, Michael Fassbender and Alicia Vikander, and Monica Bellucci have chosen to buy a property.     Melides on Portugal’s Alentejo coast is also where fashion designer Christian Louboutin built two designer hotels, Vermelho hotel  (translated red hotel) and La Salvada .   Portugal’s secluded Alentejo coast, with its privacy, security, sunny weather and stunning beaches, as well as international  and private airports , make it the new destination for millionaires  and High Net Worth Individuals (HNWIs) looking for a country in the EU to relocate.

Nicole Kidman demande un visa de résidence au Portugal - PBN Actualités Célébrités Portugal - Nicole Kidman fait la demande d’un visa de résidence au Portugal afin d’acheter une maison dans le haut lieu des célébrités à Comporta, à Setúbal.   Nicole Kidman a atterri à l’aérodrome de Tires à Cascais, Lisbonne, le 20 juillet et a déjà commencé le processus pour obtenir la résidence portugaise afin d’acheter une maison dans le complexe de luxe Costa Terra Golf & Ocean Club à Melides, Setúbal.  Nicole Kidman avait déjà acheté un appartement à Lisbonne en 2023, et investit maintenant dans la région de Setúbal au Portugal où des célébrités internationales peuvent profiter de leur intimité dans un emplacement idyllique à la plage.     Qui sont les célébrités qui ont acheté une maison au Costa Terra Golf & Ocean Club au Portugal ?   Les voisins de Nicole Kidman au Costa Terra Golf & Ocean Club au Portugal seront la princesse Eugénie et sa famille, le prince Harry et Meghan , Paris Hilton, George Clooney et Sharon Stone.   Avec l’acquisition d’une maison dans la station balnéaire de CostaTerra, les célébrités sont à promouvoir le marché immobilier de premier choix du Portugal. Le développement de luxe de 200 hectares appartient à l’entreprise américaine Discovery Land Company et le prix minimum pour un lot est de 3,4 millions d’euros. Costa Terra Golf & Ocean Club au Portugal comprend la construction de 292 résidences et d’un parcours de golf conçu par Tom Fazio, ainsi que des bars et restaurants.   Les prix des maisons sur le marché immobilier de premier ordre du Portugal augmentent rapidement alors que le Portugal devient un haut lieu où les riches et célèbres tels que Nicole Kidman et Keith Urban, Scarlett Johansson, Michael Fassbender et Alicia Vikander, et Monica Bellucci ont choisi d’acheter une propriété.   Melides, sur la côte de l’Alentejo au Portugal, est aussi l’endroit où le designer de mode Christian Louboutin a construit deux hôtels design, Vermelho hotel (qui se traduit hôtel rouge) et La Salvada .   La côte isolée de l’Alentejo au Portugal, avec sa vie privée, sa sécurité, son climat ensoleillé et ses plages magnifiques, ainsi que ses aéroports internationaux  et privés , en font la nouvelle destination pour les millionnaires et les particuliers fortunés à valeur nette élevée qui sont à la recherche d’un pays dans l’UE pour se relocaliser.

Which municipalities in Portugal have the most expensive house prices? Real Estate News Portugal – Here are the Top 10 municipalities in Portugal with the hottest house prices in 2025, showing prices per square meter in euros, according to data produced by Idealista.     1 - What is the house sales market in Portugal in 2025?   There were 159,778 houses sold in Portugal between April 2024 and March 2025, at a median cost of €1,845/m2. This means that house prices in Portugal have increased by +21.9% in 2025 compared to 2024.     2 - What are the hottest housing markets in Portugal in 2025?   The hottest housing markets in Portugal according to the latest data produced by Statistic Portugal INE on July 16th are:   ·      The municipality of Lisbon - that registered the highest number of house sales ·      The municipality of Sintra in the Lisbon metropolitan area ·      The municipality of Vila Nova de Gaia in the Porto metropolitan area ·      Porto     3 – What are the Top 10 municipalities in Portugal with the hottest house prices in 2025?     1 – Lisbon, Portugal   A house in the municipality of Lisbon in Portugal costs 4,412 euros/m2 in 2025     2 – Cascais, Lisbon   A house in the municipality of Cascais in Lisbon costs 4,190 euros/m2 in 2025     3 - Oeiras, Lisbon   A house in the municipality of Oeiras in Lisbon costs 3,643 euros/m2 in 2025     4 – Lagos, Algarve   A house in the municipality of Lagos in the Algarve costs 3,582 euros/m2 in 2025     5 - Loulé, Algarve   A house in the municipality of Loulé in the Algarve costs 3,401 euros/m2 in 2025     6 – Aljezur, Algarve   A house in the municipality of Aljezur in the Algarve costs 3,117 euros/m2 in 2025     7 – Funchal, Madeira Island   A house in the municipality of Funchal in Madeira Island costs 3,100 euros/m2 in 2025     8 - Albufeira, Algarve   A house in the municipality of Albufeira in the Algarve costs 3,040 euros/m2 in 2025     9 – Vila do Bispo, Algarve   A house in the municipality of Vila do Bispo in the Algarve costs 3,017 euros/m2 in 2025     10 – Porto   A house in Porto in Portugal costs 3,007 euros/m2 in 2025

Which municipalities in Portugal have the cheapest house prices? - Portugal Business News Real Estate News Portugal – Here are the Top 10 municipalities in Portugal where you can purchase the cheapest houses in 2025, showing prices per square meter in euros, according to data produced by Idealista.     1 - What is the house sales market in Portugal in 2025?   There were 159,778 houses sold in Portugal between April 2024 and March 2025, at a median cost of €1,845/m2. This means that house prices in Portugal have increased by +21.9% in 2025 compared to 2024.     2 – What are the Top 10 municipalities in Portugal where you can purchase the cheapest houses in 2025?     1 - Figueira de Castelo Rodrigo, Guarda   You may purchase a house in the municipality of Figueira de Castelo Rodrigo in the district of Guarda for 190 euros/m2.     2 – Armamar, Viseu   You may purchase a house in the municipality of Armamar in the district of Viseu for 226 euros/m2.     3 - Pampilhosa da Serra, Coimbra   You may purchase a house in the municipality of Pampilhosa da Serra in the district of Coimbra for 251 euros/m2.     4 – Vimioso, Bragança   You may purchase a house in the municipality of Vimioso da Serra in the district of Bragança for 266 euros/m2.     5 - Idanha-a-Nova, Castelo Branco   You may purchase a house in the municipality of Idanha-a-Nova da Serra in the district of Castelo Branco for 268 euros/m2.     6 – Mação, Santarém     You may purchase a house in the municipality of Mação in the district of Santarém for 271 euros/m2.     7 – Sernancelhe, Viseu   You may purchase a house in the municipality of Sernancelhe in the district of Viseu for 285 euros/m2.     8 - Torre de Moncorvo, Bragança   You may purchase a house in the municipality of Torre de Moncorvo in the district of Bragança for 301 euros/m2.     9 – Vinhais, Bragança   You may purchase a house in the municipality of Vinhais in the district of Bragança for 323 euros/m2.     10 – Penamacor, Castelo Branco   You may purchase a house in the municipality of Penamacor in the district of Castelo Branco for 324 euros/m2.

Which countries in Europe have the strongest passport? - Portugal Business News Tourism News Europe – These are the countries in Europe with the strongest passport, according to the latest July 2025 passport index by Henley & Partners:   The country with the strongest passport in the world in 2025 is Singapore with visa-free access to 193 destinations out of 227 globally.   The country with the weakest passport in the world in 2025 is Afghanistan with its citizens able to access just 25 destinations without a prior visa.     Countries in Europe with the strongest passports in 2025:     1 – Denmark   Denmark ranks 1 st country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Denmark also ranks 3 rd country with the strongest passport globally in 2025 with visa-free access to 189 countries.     2 – Finland   Finland equally ranks 1 st country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Finland also ranks 3 rd country with the strongest passport globally in 2025 with visa-free access to 189 countries.     3 – France   France equally ranks 1 st country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   France also ranks 3 rd country with the strongest passport globally in 2025 with visa-free access to 189 countries.     4 – Germany   Germany equally ranks 1 st country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Germany also ranks 3 rd country with the strongest passport globally in 2025 with visa-free access to 189 countries.     5 – Ireland   Ireland equally ranks 1 st country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Ireland also ranks 3 rd country with the strongest passport globally in 2025 with visa-free access to 189 countries.     6 – Italy   Italy equally ranks 1 st country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Italy also ranks 3 rd country with the strongest passport globally in 2025 with visa-free access to 189 countries.     7 – Spain   Spain equally ranks 1 st country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Spain also ranks 3 rd country with the strongest passport globally in 2025 with visa-free access to 189 countries.     8 – Austria   Austria ranks 2 nd  country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Austria also ranks 4th country with the strongest passport globally in 2025 with visa-free access to 188 countries.     9 – Belgium   Belgium equally ranks 2 nd country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Belgium also ranks 4th country with the strongest passport globally in 2025 with visa-free access to 188 countries.     10 – Luxembourg   Luxembourg equally ranks 2 nd country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Luxembourg also ranks 4th country with the strongest passport globally in 2025 with visa-free access to 188 countries.     11 – Netherlands   The Netherlands equally ranks 2 nd country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   The Netherlands also ranks 4th country with the strongest passport globally in 2025 with visa-free access to 188 countries.     12 – Norway   Norway equally ranks 2 nd country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Norway also ranks 4th country with the strongest passport globally in 2025 with visa-free access to 188 countries.     13 – Portugal   Portugal equally ranks 2 nd country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Portugal also ranks 4th country with the strongest passport globally in 2025 with visa-free access to 188 countries.     14 – Sweden   Sweden equally ranks 2 nd country in Europe with the strongest passport, according to the latest 2025 passport index by Henley & Partners.   Sweden also ranks 4th country with the strongest passport globally in 2025 with visa-free access to 188 countries.

Visit Portugal’s bioluminescent shores on summer nights - Portugal Business News Tourism News Europe - Visit Portugal’s bioluminescent shores on summer nights when marine organisms bloom and produce spectacular blue lights.   Bioluminescence is a wonderful phenomenon for families to experience during Portugal’s warm summer nights when a sudden, massive concentration of marine organisms produce a chemical energy that turns to awesome fluorescent blue lights.   Bioluminescence can be experienced at night along Portugal’s coastline with specialized guides and it is strongly recommended to go bathing to stir the marine organisms until they release the strongest blue lights.  This is due to the fact that bioluminescence can be a defense process, through a chemical reaction which releases light to scare predators. This blue light is called luciferin and is emitted when organisms are oxidized. In vertebrates such as fish, as well as some invertebrates such as fireflies, bioluminescence can also serve as a means of communication.   Visit Portugal’s bioluminescent shores on summer nights - Portugal Business News   Where in Portugal can bioluminescence be experienced?     Bioluminescence can be experienced in Portugal:   ·      On the shores of Vila do Conde, at Vila Chã, that is located in the Porto metropolitan area. ·      On the shores and at sea in Esposende, that is located in the Braga district. ·     On the shores of the Arrábida Natural Park in Setúbal – For this night walk, a guide can be booked from the site arrabidawalksandcrafts.com

Portuguese company Tekever confirms the acquisition of a British airport - Portugal Business News Defence News Europe - Portuguese Unicorn Tekever confirms the acquisition of a British airport through the acquisition of the airport infrastructure of West Wales Airport.   The acquisition of the British airport of West Wales by Portuguese drone company Tekever is part of a five-year investment plan to invest 400 million pounds sterling under the Overmatch program  to supply drones to the Royal Airforce (RAF).   The acquisition of West Wales airport will give Tekever access to 6,300 square kilometers of restricted airspace over land and sea, according to Ricardo Mendes, Co-Founder & CEO at Tekever. The airport has already enabled Tekever to produce the full lifecycle of the AR3 drone in the UK including test flights for clients such as the UK Home Office and the Royal Navy.   West Wales Airport will become a hub for testing Tekever drones for UK Defence. The Welsh Government Secretary for Economy, Energy and Planning considers Portuguese drone company Tekever to be "one of Europe's leading and fastest-growing companies in the unmanned aerial systems sector."   The acquisition of West Wales Airport by Tekever supports its ambitious expansion plans and will provide significant benefits to the UK national Defense ecosystem and the regional economy of central and west Wales.   Portuguese Unicorn Tekever, which specializes in AI drones, chose to acquire the Welsh airport since it has a “world-class” unmanned aerial vehicle (UAS) flight environment and is a “key hub” for testing and evaluating drones.   With this new acquisition, Portuguese Unicorn Tekever will provide a competitive advantage to the armed forces of the United Kingdom and NATO through autonomous and AI-based technology.

In what college will Spanish Princess Sofia study in Portugal? - Portugal Business News News Royalty Europe - In what college will Spanish Princess Sofia study in Portugal in 2026?   The King of Spain’s second daughter, Infanta Sofia, will study for a year in Lisbon in 2026 at the FORWARD COLLEGE that allows international students to explore 3 countries in 3 years.   Infanta Sofia will study for a degree in Political Science at Forward College Lisbon in 2026, at Forward College Paris in 2027 and at Forward College Berlin in 2028.   This international experience will allow Infanta Sofia to experience co-living with students from more than 40 nationalities in Forward residences.   Infanta Sofia will study Political Science in English and will share the campus with young people of around 40 nationalities. Forward College has classes of up to 15 students and even some individual lessons, with optional subjects taught in Portuguese, French, and German.   Forward College also has a Personal Development Program to develop social and emotional skills. The college focuses on Social Intelligence in year 1, on Emotional Intelligence in year 2 and on Leadership Skills in year 3.   Lisbon’s Forward College, that was founded in 2021, is under the academic direction of the London School of Economics and Political Science. It is a little-known international school with a campus in a historic building on Rua das Flores in Lisbon’s Chiado district, and a student residence that is just five minutes away from the Parque Florestal de Monsanto, one of the most beautiful parks in Lisbon with a variety of activities on offer from tennis to hiking. From the residence, students will have a five-minute walk to the metro that connects directly to Lisbon’s city center.

Beyoncé wears Portuguese fashion for the Cowboy Carter tour - Portugal Business News News Fashion Brands Europe - Beyoncé wears Portuguese fashion brand Marques'Almeida (M'A) for the Cowboy Carter world tour that ends on July 26 th  in Las Vegas.   Beyoncé chose to be in the spotlight wearing a denim set by Portuguese brand Marques'Almeida, a brand signed Marta Marques and Paulo Almeida.   The Portuguese denim set worn by Beyoncé was “crafted from raw denim with frayed edges and deconstructed, hand-crafted details - embodying our true M'A London signature, and meticulously handcrafted in our Porto atelier," according to the designers of the Marques'Almeida brand. They add that the Beyoncé denim set was "made with love, strength, and deep gratitude for an artist who continues to inspire."   This isn't the first time Beyoncé chose to wear Portuguese fashion brand Marques'Almeida (M'A) to shine on stage, since she also posted on social media a striped top and pants set by M'A from the 2019 spring/summer collection that was presented in Paris.   Beyoncé wearing Portuguese fashion brand Marques'Almeida (M'A) - Portugal Business News

What is the DBRS rating and economic outlook for Switzerland in 2025? - Portugal Business News News Economy Europe – Here is Switzerland’s credit rating in 2025, including its Economic Outlook, fiscal position,   public debt ratio   forecast, GDP growth   forecast, Net International Investment Position, as well as the resilience of Switzerland’s banking system and house prices forecast, according to the DBRS July 2025 report:     Switzerland’s Credit Rating for foreign & local currency according to the DBRS July 2025 announcement:   Switzerland’s credit rating according to the Morningstar DBRS announcement on July 18 th , 2025, is AAA with a stable outlook both for long-term foreign and local currency.   Switzerland’s credit rating according to the Morningstar DBRS announcement on July 18 th , 2025, is R-1 (high) with a stable outlook both for short-term foreign and local currency.     Switzerland’s Economic Outlook according to the DBRS in July 2025:   The confirmation of the Stable trend reflects Morningstar DBRS' view that the risks to Switzerland's credit ratings remain limited, despite a challenging external environment.   Switzerland's AAA credit ratings remain underpinned by its wealthy and diversified economy, sound public finances, and solid external position. Strong institutions, predictable policies, and historical neutrality have long made Switzerland a safe haven for investors. Switzerland benefits from a highly productive workforce, high levels of educational attainment and labor force participation.     Switzerland’s fiscal position according to the DBRS July 2025 report:   Switzerland's prudent fiscal policy, underpinned by its debt brake rule, and its low public debt ratio constitute an important credit strength. Under the debt brake rule, higher expenditures are financed by increased revenues or corresponding expenditure cuts. The debt break, which was introduced in 2003 at the federal level, mandates a balanced budget over the business cycle.     Switzerland’s public debt ratio forecast according to the DBRS July 2025 report:   According to the IMF, the general gross debt should continue to slightly decrease in the coming years, reaching 35.1% of GDP in 2027 versus 37.6% in 2024. The public debt ratio, as defined in the Maastricht Treaty, stood at 25.5% of GDP at year-end 2024.   Switzerland's prudent fiscal policy anchored by its debt brake rule has helped maintain low debt levels, supporting the country's resilience to shocks and helps the country to stand out among other highly rated sovereigns. All debt is denominated in local currency. With government bond yields decreasing since the beginning of 2023, interest expenditures should remain extremely low and are anticipated at 0.1% of GDP for the general government by the IMF by 2027.     Switzerland’s GDP growth forecast according to the DBRS July 2025 report:   Switzerland’s GDP per capita is estimated at USD 104,523 in 2025, one of the highest in the world.  The Swiss economy is one of most competitive globally and benefits from a highly productive workforce, characterized by a very educated labor force and elevated labor force participation (83.9% as of Q1 2025), and internationally competitive industries and companies.   Switzerland's economic activity moderated in 2024, with real GDP growth (sports events adjusted) coming in at 1.0% from 1.2% in 2023, mainly reflecting subdued foreign trade despite strong domestic demand. While the Swiss Federal Expert Group on Business Cycles anticipated real GDP growth (sports events adjusted) of 1.5% for 2025 and 1.7% for 2026 in December 2024, it has revised down its forecasts to 1.3% for 2025 and 1.2% for 2026. This downward revision reflects the assumption that the global economy is expected to grow at a slower pace, due to international trade tensions and economic uncertainty, which is likely to dampen cyclically exposed sectors of the Swiss export industry.     Switzerland’s Net International Investment Position according to the DBRS July 2025 report:   Switzerland benefits from a large net international investment asset position (NIIP) amounting to 119.3% of GDP in Q1 2025.  This reflects the substantial accumulated net wealth of Swiss residents and official reserves. Switzerland's total reserve assets rose from USD 341 billion in 2011 to USD 1,111 billion in 2021 and stood at USD 912 billion in 2024 or close to 100% of GDP.     What is the resilience of Switzerland’s banking system according to the DBRS July 2025 report:   The Swiss banking sector is one of the most important pillars of the Swiss economy accounting for around 5% of value added, however its size, which is nearly 420% of GDP, means that shocks to banks, especially if systemically important, can have more pronounced effects on the economy.   Following the review of the Credit Suisse case, the Swiss Federal Council proposed in June 2025 several measures to increase capital requirements for systemically important banks with foreign subsidiaries and to strengthen liquidity in a time of crisis while improving resolution planning through additional requirements on the recovery and resolution of systemically important banks. The consultation process for the legislative amendments will be opened in autumn 2025 and in the first half of 2026 respectively. The entry into force is expected for 2028 at the earliest.     What is Switzerland’s house prices forecast according to the DBRS July 2025 report:   Morningstar DBRS considers that the exposure of Swiss banks to the real estate market remains a source of vulnerability for financial stability. With lower interest rates since 2024, real estate price growth has picked up, although at a slower pace than in 2021 and 2022.   The high demand and low supply will most likely keep the housing market tight, with the risk of overheating in the market remaining.  Switzerland's household debt-to-GDP ratio remains high at 125% at the end of 2024, nevertheless risks are mitigated by the large and liquid balance sheet of households. Switzerland's high mortgage debt, the contingent liability risks posed by its large banking sector and the banks' exposure to the real estate market weigh on the negative adjustment in the "Monetary Policy and Financial Stability" assessment.