Portugal is the place to be, according to another survey, this one being the 'EY Survey of Attractiveness of Portugal 2017.'
This optimism is shown by 62% of foreign investors who think Portugal has a bright future and the 32% of investors that are willing to increase investment in the country during the next year.
Germany and Spain were the main investors in Portugal in 2016 respectively, while France led job creation and was fourth in the number of projects.
The US and Japan are also among the top sources of foreign direct investment in the country for the year 2016, "which illustrates the geographic reach and logistical potential of the country," claims the report.
R&D and logistics stand out as sectors with the highest number of investment intentions, while manufacturing, marketing and sales are well represented.
According to the EY survey, Portugal now is "on the investor radar, recording investment intentions well above the European average and predicting an increase in the attractiveness of the country."
Among the factors foreign investors like are social stability, the potential for increased productivity and miserably low labour costs.
The less attractive factors are all the old favourites, including corporate taxation, the instability and lack of transparency of the political, legal and regulatory environment and the ever-changing labour laws.
The Algarve is way down the list of favoured locations for investment and job creation - this is led by Lisbon, with Oporto in second place.
EY also points out that incoming companies are investing in the consumer goods, real estate, construction and transport and car industry sectors with Information and Communication Technologies and tourism seen by investors as driving the country's growth.
