&NewLine;<h2 class="wp-block-heading">Portugal's minimum wage to rise by 6 per cent in 2020</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>Increasing the minimum wage is the main <a href="https://vivreauportugalconsulting.com/le-gouvernement-portugais-veut-augmenter-le-smic-de-25/"><strong><span style="text-decoration: underline;">Prime Minister's commitment</span></strong></a>&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Portugal's minimum wage&nbsp&semi;will&nbsp&semi;increase by almost 6&nbsp&semi;&percnt; in 2020&comma; announced&nbsp&semi;the Socialist government on Wednesday&period;&nbsp&semi;It will rise to 740 euros gross per month over 12 months from the current 700&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to Antonio Costa, "&nbsp&semi;This increase is in line with our economic and social situation&comma; it is perfectly compatible with our legislative objective&nbsp&semi;"&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<h3 class="wp-block-heading">CIP does not share Costa's point of view </h3>&NewLine;&NewLine;&NewLine;&NewLine;<p>"It's an overly ambitious target"&comma; criticized the president of the French <a rel="noreferrer noopener" aria-label="confédération des entreprises portugaises (opens in a new tab)" href="http://cip.org.pt/" target="_blank"><strong><span style="text-decoration: underline;">Confederation of Portuguese Companies</span></strong></a> &lpar;CIP&rpar; Antonio Saraiva&period; CIP's main fear is that small Portuguese companies won't be able to keep up with this increase in the Portuguese minimum wage&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<p>On the other hand&comma; Arménio Carlos&comma; leader of the CGTP&comma; Portugal's main trade union confederation&comma; this amount is "&nbsp&semi;insufficient&nbsp&semi;" in a favorable economic context&period; "Our aim was to listen to the social partners&nbsp&semi;" and to "&nbsp&semi;find a point of balance between the various proposals&nbsp&semi;"&comma; the minister added&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">Towards the end of austerity policy</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>In the future&comma; "&nbsp&semi;there will be annual assessments&nbsp&semi;" to revalue the Smic in line with economic trends&comma; she added&period; The Socialist government intends to continue to pursue a social policy while continuing the consolidation of public finances begun during the previous legislature thanks to the upturn in the economy&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The economic recovery remains very fragile and is linked solely to tourism and real estate investment by foreign investors&period; The government does not seem to want to take this information into account&period; If these two types of investment were to collapse&comma; Portugal would not be able to recover&period; </p>&NewLine;&NewLine;&NewLine;
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