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This massive renewal was initiated in the course of preparation for the World Expo 1998. Lisbon gained financial support from the Portugal Government as well as from the EU authorities. The project presupposed reconstruction and expansion of the nearly ruined subway transportation system, crossing the River Tagus with a new bridge and certainly total redesign of the Expo site located in Parque das Nacoes.
Lisbon used the opportunities offered by the worldwide Exhibition of 1998 in full and gained the status of a modern world-class business and tourist center. The well known attractions of the city (vividly-colored nightlife, outstanding climate and traditional amicability of people) were put together and shown to the wide audience.

In fact the days Lisbon's success start as early as in 1994 with the city being chosen as European City of Culture. Later in 2004 a number of football matches were held in the city during the famous European Football Championship and after that Lisbon was chosen for the MTV European Music Awards ceremony.

First settlements on the territory of modern Lisbon date back to 900BC thanks to convenient geographical position – the city is standing on the seven hills by the mouth of River Tagus. Yet its most glorious days were in 14-14th centuries and were connected with the development of seafaring and the Age of Discoveries. Lots of the city's most magnificent and beautiful buildings (e.g. ones of the suburb of Belem) are the heritage of that time.
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