Should it take place it could be one of the first big international events to be staged since the start of the coronavirus pandemic, which has forced the cancellation of events from music festivals to the Olympic Games.

The Web Summit, which moved from Dublin to the Portuguese capital in 2016, attracts around 70,000 participants every year, drawing speakers from leading global tech companies and startups, as well as politicians.

"Web Summit is going ahead this year in Lisbon!" the conference's founder Paddy Cosgrave wrote on Twitter. "Web Summit will adhere to the strictest health protocols as guided by the government of Portugal."

Read also: CES global gadget fest on track despite pandemic

Events or gatherings of 20 or more people are still banned across Portugal and it is not yet clear what measures will be required of this year's Web Summit to reduce risk of contagion.

As countries emerge from lockdown, governments are anxious to prevent a second wave of infections, which could see restrictions on movement reimposed.

Portugal, which has so far reported a total of 37,336 cases and 1,522 deaths from the coronavirus, much lower than neighboring Spain, began lifting its lockdown on May 4.

The country has been hailed as a success story in its fight against the virus, but localized outbreaks in and around Lisbon have kept cases at a worrying plateau in their hundreds per day for the past month. 

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