Latest news and stories about economic support in Portugal for expats and residents.
The Government, through Prime Minister Luís Montenegro, has announced an 'exceptional' financial support package of 60 million euros for the rehabilitation of irrigation systems affected by adverse weather events, as well as 20 million euros intended to compensate agricultural production systems most exposed to the effects of rising fertiliser and energy costs. 'These are actions...'
Municipalities in the regions most affected by this year's storms want an extension of the support measures for the economy and employment for another 60 days, meaning until the end of June. The request has already been sent in a letter to the Minister of Finance.
The European Maritime Affairs fund for 2012-2027 still has 760 million euros available
The Valpaços City Council has approved a set of measures covering the entire population to provide support following the rise in oil and energy prices, the mayor explained.
José Manuel Rodrigues stressed that it is no longer possible to further lower the Tax on Petroleum and Energy Products in Madeira.
The federation appeals for central government intervention to resolve the difficult situation in the sector.
The government warned that the recovery work on the A1 viaduct, which collapsed after the bursting of a dam on the Mondego River in Coimbra, may take “weeks”. The Prime Minister has announced new support measures for the victims, including a Recovery and Resilience Plan exclusive to Portugal and an increase in credit lines for businesses from 500 million to 1 billion euros. We are providing real-time updates on the weather situation in Portugal.
The head of the European Commission states that Europe is in solidarity with Portugal and is ready to help by redirecting cohesion funds to support recovery and rebuild what has been damaged.
