Portugal’s ruling coalition wins parliamentary elections

YEREVAN, OCTOBER 5, ARMENPRESS. Portugal's governing centre-right coalition won the country's general election, which was widely seen as a referendum on four years of austerity. With almost all votes counted, the centre-right leads with just under 37%, with the Socialists on over 32%. “Armenpress” informs about this, citing BBC.

Socialist leader Antonio Costa admitted defeat and congratulated Prime Minister Pedro Passos Coelho. However, Mr Passos Coelho said his coalition appeared to have lost its absolute majority in parliament. Mr Passos Coelho indicated that he was ready to talk to other parties in the next parliament to pursue the "necessary reforms" he wants to implement.

Unemployment has been falling for two and a half years in Portugal, but many regard the recovery as fragile. Portugal’s economy was come out of recession and started to rise.