Latest news and stories about business recovery in Portugal for expats and residents.
Eight weeks later, much has changed following the passage of storm Kristin in Marinha Grande. Many companies took what they had and played a game of 'Tetris' for reconstruction: improvisation was necessary to survive.
Creditors have approved the special recovery plan (PER) for Gleba, which provides for an extension of the debt repayment period, amounting to over 12 million euros, in an effort to address the cash flow problems the bakery is facing after years of rapid expansion. The homologation order...
Two months after the absolute devastation caused to central areas of Portugal by Storm Kristin, many companies in the Santarém district continue to face high losses and a slow recovery The post Storms legacy: companies fear bankruptcy appeared first on Portugal Resident.
The plastics company, located in Meirinhas, has restored 86% of its production capacity following storm Kristin. Dina Mota clarifies that it is still too early to use the word normality, as there is still much to be done.
In the municipalities of Marinha Grande and Leiria alone, over a thousand companies have been affected by Storm Kristin. A large number are either idle or operating at partial capacity. In some cases, reconstruction will need to be done almost from scratch.
Shopkeepers in Alcácer do Sal are beginning to resume activity, but the losses are substantial and essential services are still lacking. Traders fear that aid will be slow to arrive.
