Government holds emergency meeting to finalize storm recovery plan
Prime Minister Luís Montenegro has called an extraordinary Council of Ministers meeting for this Wednesday to finalize the Portugal, Transformation, Recovery and Resilience (PTRR) program. This government plan was created to address the damage caused by severe storms that affected the country earlier this year. The meeting is dedicated exclusively to the final design of the program.
The PTRR is Portugal's Transformation, Recovery and Resilience plan, the national programme that channels EU recovery funding (NextGenerationEU) into investments and reforms after the COVID-19 shock. It totals about €16.6 billion in grants plus €2.7 billion in loans (≈€19.3 billion) and runs mainly from 2021–2026, financing projects in green transition, digitalisation and social infrastructure that affect public spending and investment decisions expats may notice in housing, transport and services.











