Portugal is a democratic republic ruled by the constitution of 1976 with Lisbon, the nation's largest city, as its capital. The four main governing components are the president of the republic, the parliament, the government, and the courts. The constitution grants the division or separation of powers among legislative, executive and judicial branches. Portugal like most European countries has no state religion, making it a secular state.
The president, who is elected to a five-year term, has a supervising non-executive role. The current President is Aníbal Cavaco Silva.
The national and regional governments and the Portuguese parliament, are dominated by two political parties, the Socialist Party and the Social Democratic Party. Minority parties Unitarian Democratic Coalition (Portuguese Communist Party plus Ecologist Party "The Greens"), Bloco de Esquerda (The Left Bloc) and CDS-PP (Popular Party) are also represented in the parliament and local governments.
Update 7/09/2009
Keep more of your money when transferring funds overseas!
If you want to move money abroad, from Portugal or to Portugal for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Why Fexco
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Main characteristics
Fexco will help you to keep your overseas money transfer costs to a minimum.
| Margin | 0.6% |
|---|---|
| Regulator | FCA |
| Fee | £10 < £5K or Free > £5k |
| Mini | £1K |
| Ccy | All (130 currencies, incl ‘exotics’) |
| Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
Get an online quote today
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.