Latest news and stories about business support in Portugal for expats and residents.
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The president of the Portuguese Association of Ceramics and Glassware Industries (APICER) criticises the delay in support for companies affected by Storm Kristin. Regarding the rise in fuel prices, Jorge Vieira says it is another “drama” for companies, adding to the losses from the bad weather. “The aid is not reaching the companies...”
Persistent obstacles, such as unequal access to land, financing, and training, continue to limit their potential.
Finance Minister Joaquim Miranda Sarmento argued this Wednesday that the banking sector played a 'decisive' role in operationalising the support measures taken in the wake of the storms that hit the country, noting that their involvement allowed resources to reach businesses. 'Banks are, naturally, a fundamental partner for companies and the economy...'
The board of the Coimbra Region Business Association noted that more than a month after the storm, “many companies in the Coimbra region remain without effective responses.”
In Leiria, many companies “continue to be without effective answers that would allow them to recover from the damage suffered and fully resume their activity.”
The president of the Liberal Initiative (IL), Mariana Leitão, will present a document titled “Lift Portugal - Build Now, Conquer the Future” to the Prime Minister on Wednesday. This document includes proposals for a transformative response to a crisis that has revealed longstanding vulnerabilities while also providing an opportunity to correct mistakes, reform the state, and prepare the country for increasingly complex risks. It advocates for a Revised Budget, which Luís Montenegro is not yet convinced is necessary. The IL argues that without a Revised Budget, political debate and available solutions will be inevitably limited. The document proposes a clear, transparent, and scrutinizable response to the calamity within the State Budget, allowing parties to present financially impactful proposals this year without shifting responsibilities to municipal budgets. The initial section, titled “Build Now,” calls for direct and simplified support for businesses, extending support regimes to homeowners. The party suggests these supports be used for urgent repairs and essential equipment replacement damaged by storms, prioritising small businesses. Additionally, the IL seeks to expand support for the recovery of permanent housing and introduce tax incentives for investment and reconstruction in storm-affected areas. Other proposals include compensation mechanisms for businesses for justified worker absences during calamities, tax reimbursements for fuel expenses for generators, and expedited licensing for reconstruction. The document also advocates for a dedicated Transparency Portal for calamity response and regular audits of support execution. In the “Conquer the Future” section, the IL calls for reforms that have long been postponed, including territorial management and planning reforms, and effective coordination between Civil Protection and the Armed Forces. The IL also emphasizes the need for a National Risk Register and disaster preparedness education in schools, alongside community programs for seniors. Montenegro concludes the biweekly debate warning that the PTRR “cannot be an auction where everything is agreed to” as the government meets with parliamentary parties regarding the PTRR.
The Portuguese Development Bank (Banco Português de Fomento, BPF) is launching two support lines this Wednesday for companies affected by Storm Kristin. These involve portfolio guarantees totalling €1.5 billion that will be channelled through commercial banks. Regarding the investment line, worth €1 billion, companies will be able to ...
Via the email address empresas@cm-coimbra.pt, businesses can report damage to their premises or equipment, or losses affecting their business activity.
Some people have devoted their whole lives to a business and now see it reduced to rubble. To rebuild what little remains, some place their hopes in support; others are thinking of throwing in the towel.
The counter will operate from 09:00 to 18:00 at the Santarém Loja do Cidadão (Citizen's Shop), in the Business area, and will have specialised technicians available to provide personalised support.
The municipality aims to gather information to identify and flag the most urgent cases.
The Government has launched a package of measures to support businesses in areas affected by the calamity and those struggling to keep operating. Many of the measures mirror aid programmes used during the COVID-19 pandemic.
Business associations from the regions met on Monday morning to take stock of the impact that Storm Kristin had on companies in these areas.
Entrepreneurs in the districts of Santarém, Leiria and Coimbra are asking for direct, non-repayable financial support to help local businesses cope with economic difficulties.
The Government announced two publicly guaranteed financing lines to help companies after the passage of Depression Kristin. They consist of a €1 billion line for investment and another €500 million for cash flow. Both are credit lines and not non‑repayable grants. Meanwhile, the minister ...
The Council of Ministers met on Sunday to discuss the effects of storm Kristin. Afterwards, the Prime Minister announced several measures to mitigate the damage and urged the public to be cautious in the coming days.
The extraordinary Council of Ministers has just ended and Luís Montenegro announces to the country the decisions to address the tragic consequences of Storm Kristin. Before 10:00 and in the rain, the various ministers arrived at São Bento for the meeting convened on Saturday by the prime minister, which has on its agenda the analysis ...
The Business Confederation of Portugal (CIP) has proposed to the Government 'surgical' support measures for companies affected by adverse weather so they can continue their activities, the organisation said today in a statement.
Extraordinary measures aim to support families and businesses that have suffered damage as a result of the severe weather
Caixa Geral de Depósitos (CGD) has approved extraordinary measures for immediate implementation totalling €300 million to support families and businesses affected by Storm Kristin, the bank said in a statement.
Novo Banco today announced the launch of two subsidised credit lines totalling €100 million to support families and businesses affected by Storm Kristin, according to a statement.
The Business Association of the Coimbra Region (NERC) today asked the Government to urgently take extraordinary measures to support companies that have suffered “significant damage to their premises, equipment and operations” due to Storm Kristin.
The Portuguese Industrial Association (AIP) today expressed concern about the impacts caused by Storm Kristin on the business sector and called on the Government for support measures.
The AIP – Portuguese Industrial Association – expressed its deep concern about the impact of Storm Kristin on the business sector in the worst-affected areas and called on the Government to adopt urgent extraordinary measures to support companies affected by Storm Kristin, to prevent the closure of production units and to preserve jobs. In view ...
