Portugal is a state in southwestern Europe and has the Atlantic Ocean to its west. Its capital and largest city is Lisbon.
Portugal has high living standards and a developed economy. It is a member of the EU and NATO.
Portugal has become the first euro-area country to tap the Chinese bond market. Lisbon announced last week its intention to sell 2 billion yuan ($289 million) worth of bonds with a maturity of three years.
Portuguese football icon Cristiano Ronaldo will pay a €3.2 million fine for tax fraud after settling a tax evasion case with Spanish tax authorities. The amount is likely to be only part of the €19 million total he will repay.