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Saint Martin's Day, is celebrated in some countries in Europe, Portugal included, it is on November 11. This day is the peak of three days, often with very good weather, it is known as Verão de São Martinho ("saint Martin summer" or "Short Summer"), the Portuguese celebrate it with gerupiga (an alcoholic drink) and roasted Portuguese chestnuts (castanhas assadas). and it is called Magusto.

In the elections of February 20, the Socialist Party obtained its largest victory ever; for the first time in the democratic history of the country a Socialist government would be formed with an absolute majority in the Assembly of the Republic.

Portugal proposed the creation of the Community of Portuguese Language Countries (CPLP) to improve its ties with other Portuguese-speaking countries. Additionally, Portugal has participated, along with Spain, in a series of Ibero-American summits.

Portugal has always been turned towards the sea; its land-based treaties are notably stable. The border with Spain has remained almost unchanged since the 13th century. A 1373 treaty of alliance between England and Portugal has never been broken to this day. Since early times, fishing and overseas commerce have been the main economic activities. Henry the Navigator's interest in exploration together with some technological developments in navigation made Portugal's expansion possible and led to great advances in geographic knowledge.

Portuguese architecture greatly developed with the arrival of the Romans (since 2nd Century BC), and POrtuguese architecture evolved and became Mediterranean. The Romans built aqueducts, bridges and roads, along with theatres, temples, and circus, along with other public building.

The Socialist Party, under the leadership of António Guterres, came to power following the October 1995 parliamentary elections. The Socialists later won a new mandate by winning exactly half the parliamentary seats in the October 1999 election, and constituing then the XIV Constitutional Government.

The Carnation Revolution of 1974, an effectively bloodless left-wing military coup, installed the Third Republic. Broad democratic reforms were implemented.

Over the past decade, successive governments have privatised many state-controlled firms and liberalised key areas of the economy, including the financial and telecommunications sectors. Today, Portugal is a developed nation. It joined the Economic and Monetary Union in 1998 and began circulating its new currency, the euro, on January 1, 2002 along with 11 other EU members.

Socialist Jorge Sampaio won the February 1996 presidential elections with nearly 54% of the vote. Sampaio's election marked the first time since the 1974 revolution that a single party held the prime ministership, the presidency, and a plurality of the municipalities. Local elections were held in December 1997.

Portugal was a strong advocate of independence for East Timor, a former Portuguese colony, and has committed troops and money to East Timor, in close cooperation with the United States, Asian allies, and the United Nations.