The President of the Azorean Government, José Manuel Bolieiro, has set a bold vision for the future of the Azores. Speaking at the “Conference of Regions – Ponta Delgada,” he emphasized the need for economic diversification and the region’s potential as an Atlantic platform for opportunity.
Strategic Vision for the Azores
During the event, held at the Vila Galé Collection Hotel, Bolieiro highlighted the importance of capitalizing on the Azores’ strategic Atlantic location. He called for a focus on new economic sectors to address current global challenges, including geopolitical instability and climate change.
- Geopolitical instability
- Technological transformations
- Climate and energy transition
- Reorganization of global priorities
Bolieiro stressed that the future prosperity of the region hinges on its ability to diversify economically. He aims to position the Azores as a central hub in security, digital connectivity, scientific research, and various economic sectors including the green and blue economies as well as space economy.
Financial Commitment to Growth
The President described the Recovery and Resilience Plan (RRP), which involves a total investment of €725 million, as essential for the region’s structural transformation. Key details of the RRP include:
- 9,455 approved applications by the end of 2025
- 49 tenders launched
- 60 construction projects completed, with over €266 million invested
Additionally, the acquisition of over 57,000 pieces of equipment and 144 vehicles, including 123 electric models, further demonstrates the RRP’s immediate impact on residents’ lives.
Social Investments
Boliero pointed to several specific investments that showcase the positive repercussions of the RRP, such as:
- Housing projects: new builds and renovations
- Childcare initiatives benefiting over 14,500 children
- Modernization of the Regional Health Service
- Distribution of over 37,000 digital devices to schools
Economic Indicators and Tourism Growth
In terms of economic indicators, the Azorean Gross Domestic Product (GDP) has surged by approximately 36.6% from 2019 to 2025. Employment levels have risen, and the unemployment rate now sits below the national average.
Tourism continues to be a significant component of the Azorean economy, responsible for about 17% of regional GDP, 16% of employment, and contributing 20% to Gross Value Added.
Looking Ahead
Closing the conference, Bolieiro expressed confidence in the Azores’ future. He urged the region to adopt a perspective focused on strategic ambition, asserting, “We have value.” His sentiments align with the region’s commitment to leveraging its unique geographic position and diverse opportunities.
