main centres of Portuguese aerospace industry, which is led by Brazil-based company Embraer and the Portuguese company OGMA. Since after the turn of the 21st century, many major biotechnology and information technology industries have been founded and are concentrated in the metropolitan areas of Lisbon, Porto, Braga, Coimbra and Aveiro.
Tertiary sector
Travel and tourism continues to become extremely important for Portugal, with visitor numbers forecast to increase significantly over the next years. However, there is increasing competition from Eastern European destinations such as Croatia who offer similar attractions, which are often cheaper. Consequently, the country is almost obligated to focus on its niche attractions such as health, nature and rural tourism in order to stay ahead of its competitors.
The banking and insurance sectors performed well until the late-2000s financial crisis, partly reflecting a rapid deepening of the market in Portugal. While sensitive to various types of market and underwriting risks, both the life and non-life sectors, overall, are estimated to be able to withstand a number of severe shocks, even though the impact on individual insurers varies widely.
State-owned companies
Major State-owned companies include Águas de Portugal (water), ANA (airports), Caixa Geral de Depósitos (banking), Comboios de Portugal (railways), Companhia das Lezírias (agriculture), CTT (postal services), RTP (media) and TAP Portugal (airline). Some of the former are managed by state-run holding company Parpública, which is a shareholder of several companies, both public and private.
Listed companies
Companies listed on Euronext Lisbon stock exchange like EDP, Cimpor, Corticeira Amorim, Galp, Jerónimo Martins, Millennium bcp, Portucel Soporcel, Portugal Telecom and Sonae, are among the largest corporations of Portugal by number of employees, net income or international market share. The
