In the year to the end of September 27,318 companies were set up in Portugal, 16.4% more than a year ago.
According to the D&B Business Barometer in the third quarter of 2013 there was a 12.2% increase in business creations and a welcome decline in closures (-18 %) and in insolvencies (-6.4 %) compared to the same quarter of 2012.
The results are spread across the country with only a few regional blips such as Garda which showed a decline in net companies.
According to D&B this positive balance "is due mostly to the entrepreneurship in agriculture, livestock, fishing and hunting, in which in the last 12 months seven companies were set up for each company that closed," said Teresa Menezes, Director General of D&B.
