Portugal One Step Closer to Relaunching Sale of State-Owned TAP
Portugal is moving closer to relaunching the sale of state-owned airline TAP SA after a prior attempt was derailed in 2023.
The government has received two independent reports on the estimated valuation of TAP, a key step before it can move ahead with the privatization of the carrier. Lender Banco Finantia submitted its report last week, according to two people familiar with the process, as did accounting firm Ernst & Young.
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Forbes
37 minutes ago
- Forbes
This Affordable European Country Is Launching A Digital Nomad Visa: Here's What You Need To Know
A digital nomad gazes out over Lake Bled at sunrise—one of Slovenia's most iconic destinations. With a new digital nomad visa launching this November, remote workers can now live and work in this storybook setting for up to a year. getty Dreaming of living in Europe while working remotely? Slovenia—one of Europe's most underrated and affordable destinations—is about to make that dream a reality at a time when digital nomadism is gaining serious global traction. Starting this November, Slovenia is expected to launch its first-ever digital nomad visa, giving remote workers a new way to live and work in the heart of Europe. The new program will allow remote workers to live in Slovenia for up to 12 months while working for foreign employers or clients. The move will put Slovenia on the fast-growing list of forward-thinking countries creating digital nomad visas designed to attract remote workers who can live in and contribute to their local economies. More than 60 countries now offer some version of a digital nomad visa. For Americans craving a European lifestyle—but without the bureaucracy of long-term residency or citizenship—this visa offers an exciting new option, according to Cepee Tabibian, founder of She Hit Refresh and author of the book, I'm Outta Here! An American's Ultimate Visa Guide to Living in Europe . 'This is great news,' Tabibian told me in an interview. 'Central Europe doesn't really offer digital nomad visas—Hungary is currently the only one—so Slovenia launching this is a big deal.' Slovenia's New Digital Nomad Visa: The Basics According to a global immigration alert from EY (a division of Ernst & Young), the visa is expected to go into effect on November 21, 2025. Remote workers will be eligible to apply for a non-renewable, one-year residence permit, provided they work for companies based outside Slovenia. Freelancers, self-employed professionals and consultants offering services to clients abroad also qualify for the program. Slovenia is launching a new digital nomad visa—and seaside towns like Piran are poised to become Europe's next remote work havens. getty This flexibility makes the program especially appealing to entrepreneurs, solopreneurs and digital creatives whose work transcends borders. Applicants will need a valid passport, health insurance and proof of sufficient funds—reportedly at least twice the country's average monthly net salary. According to other sources, family members can join digital nomad visa holders, but they too must have income from employers outside Slovenia. While the visa is not renewable, remote workers can reapply after spending six months outside Slovenia. Unlike programs in Spain, Portugal or Greece, Slovenia's digital nomad visa is non-renewable and doesn't lead to long-term residency or citizenship. But it offers a lower cost of living and fewer crowds—plus easy access to those other destinations. Hungary is currently the only other Central European country offering a similar permit. Beyond the paperwork and policy details, what truly makes this visa exciting is the country itself—and what it offers digital nomads. Why Slovenia Could Be The Next Digital Nomad Hotspot Slovenia—a small Alpine country set between Italy and Austria—may not be as well-known as its famous neighbors. And that's part of the appeal. 'We've recommended Slovenia for retirees for years and are excited about the prospect for nomads,' Jen Barnett, founder of Expatsi—which helps Americans find places to live abroad—told me in an interview. Slovenia's capital city, Ljubljana, is a charming hub for remote workers—with its walkable Old Town, thriving café culture and easy access to nature. getty For remote workers, the draw is clear. Cities like Ljubljana, Maribor, Celje, Kranj and Koper are building infrastructure to support remote workers, with coworking hubs, fast Wi-Fi and a welcoming community of expats and digital nomads. It's one of the cleanest, safest, most scenic and most environmentally conscious countries in Europe, with natural beauty and a slower pace of life. 'Slovenia is ranked in the top 10% of countries in the world for safety and natural beauty according to the Legatum Prosperity Index, and nearly as highly for healthcare,' says Barnett. You'll find everything from Alpine peaks and medieval towns to pristine lakes and even a stretch of Adriatic coastline. 'While many Americans are moving to the Mediterranean for the sun and coast, Slovenia offers a unique opportunity to live in an alpine region and enjoy mountains, lakes, and access to the many countries that surround it: Italy, Austria, Hungary and Croatia,' says Tabibian. 'We could easily see Slovenia becoming the next Portugal, and it's especially perfect for families from the Pacific Northwest who'd like to maintain their active lifestyles,' says Barnett. The weather is great—'The country itself is green and stunning, and high temps never exceed 86 degrees,' says Tabibian. It's also budget-friendly, especially compared to the U.S. and most of Western Europe. 'The cost of living is about half of what you spend in the United States, and there are seven international schools in the capital for families with kids,' says Barnett. 'It's more affordable than most of Western Europe, in some places up to 50% less,' says Tabibian. Its capital of Ljubljana is less expensive than other European capitals—but go beyond and you'll save even more. According to International Living, cities like Maribor, Škofja Loka and Koper, you can rent a one-bedroom for as low as $375 to $600 a month. Restaurants are also affordable, and groceries are fresh and reasonably priced—much lower than what you'd pay in neighboring countries. Public transportation is another big plus. Slovenia's efficient, low-cost public transportation network makes it easy to explore the country—and the region—with minimal hassle and without owning a car. And when you're ready for a weekend getaway, Italy, Austria, Hungary and Croatia are all just a few hours away. Things To Keep In Mind As idyllic as it sounds, this visa isn't for everyone. Unlike countries that offer a path to permanent residency through investment or long-term stays, Slovenia is not (yet) courting expats looking to settle down permanently. 'It's just for 12 months and non-renewable,' says Tabibian. Strolling through Ljubljana's Old Town, where sidewalk cafés, boutiques and cobblestone streets create the perfect setting for a digital nomad lifestyle. getty And Slovenia's tax laws can be complex, particularly for freelancers or business owners considering a deeper financial footprint in the country. Still, for those who are craving a change of scenery—and want to test out European life without a long-term commitment—Slovenia may be just the place. 'It's still a fantastic way to live in Europe for a year and scout other countries for a longer-term move,' says Tabibian. So whether you're chasing mountain views, slower living or simply a smart, affordable base in Europe, Slovenia's digital nomad visa is a compelling new option. While official details are still rolling out, one thing is clear: Slovenia is ready to welcome a new wave of remote workers—passport in one hand, laptop in the other and a whole new lifestyle ahead. MORE FROM FORBES Forbes Argentina To Launch New Citizenship Program: Here's What You Need To Know By Laura Begley Bloom Forbes Move To Europe: 8 Secret Towns Where You Can Live Well (For Less) By Laura Begley Bloom Forbes Quit Your Job And Live Abroad: 11 Places So Affordable You Might Not Need To Work By Laura Begley Bloom
Bloomberg
41 minutes ago
- Bloomberg
Enbridge Dispute With Michigan Over Oil Pipeline Goes to US Supreme Court
Enbridge Inc. 's long-simmering dispute with the state of Michigan over an oil pipeline that runs under the Straits of Mackinac is headed for the US Supreme Court after years of legal battles and the intervention of Canada's government. The highest US court agreed to hear a case concerning whether Michigan's efforts to shut down the so-called Line 5 oil pipeline belong in federal or state court. Enbridge wants the case heard by the federal court, arguing that the dispute deals with the foreign relations between Canada and the US. Canada has invoked a 1977 treaty to try and prevent Michigan from shutting the line, which supplies oil to refineries in Ontario and Quebec.
Bloomberg
42 minutes ago
- Bloomberg
Starmer's Welfare Overhaul Hangs in Balance Ahead of Key Vote
UK Prime Minister Keir Starmer is girding for what could be the most consequential vote of his premiership, with Labour rebels warning that the government's welfare overhaul still risks defeat despite huge concessions to push it through parliament. Starmer spent Monday trying to persuade skeptics in his left-leaning party to back a revised package of reforms to disability benefits that he says are necessary to slow the pace of Britain's ballooning welfare costs and get people back to work. Some of the party's Members of Parliament said they weren't satisfied by sweeping last-minute changes offered by the prime minister last week at an estimated cost of £3 billion ($4.1 billion) to the Treasury.
