The European Union has hailed Lisbon as “the most entrepreneurial region in Europe for 2015”.
Some people are even calling the Portuguese capital, “the new Berlin”. But where are all of these accolades coming from and what could they all mean?
Well, for a long time, Berlin was known as the technology hub for Europe. Now, the ball seems to be in Lisbon’s court as many people are flocking to them for their affordable labour.
“You can hire top talent for affordable prices. A developer will cost you not much more than 2,000 euros [$2,350] a month – which compared to the US or Berlin or the UK, is really competitive,” said Pedro Rocha Viera, who is part of the Lisbon Challenge.
Check out: dw.com