Latest news and stories about business losses in Portugal for expats and residents.
The assessment is based on more than 300 responses, with 20% of business owners saying losses are still being identified or budgeted. The majority indicate a 'critical' need for intervention.
Businesses in the Leiria region are recording losses of tens of thousands of euros. There is no timetable for the resumption of activity, and there are doubts about how support will be provided.
Losses are expected to be of the order of €150,000 to €200,000, according to the company's manager.
'I was driving to Leiria and felt like crying at what I saw.' The statement is from Luís Febra, president of Nerlei - the Business Association of the Leiria Region, who admits the situation remains chaotic and companies are struggling to know when they can resume operations. Luís Febra ...
Hundreds of companies were affected by the bad weather. Losses run into millions of euros, but the final totals are still being tallied.
At present, it is difficult to estimate the scale of the losses. Affected business owners emphasise that insurance cover is never sufficient.
The president of the Meirinhas Parish Council, in the municipality of Pombal, today forecast losses of around €500 million and said that of the parish's 180 businesses, 170 “are without roofs” due to the Kristin depression.
AHRESP — the Portuguese Association of Hotels, Restaurants and Similar Establishments — said today it was monitoring the situation of companies in the sectors under its remit affected by Storm Kristin and was gathering information on the losses, according to a statement.
