Latest news and stories about recovery funds in Portugal for expats and residents.
The Government streamlined processes to get money to businesses affected by the storms, “but then the banks create some problems,” said the president of Acilis.
The European Commission is working with Portuguese authorities to identify Recovery and Resilience Plan (RRP) projects that cannot be completed by the August 31 deadline due to recent storms, aiming to reallocate their funding to other initiatives, including repair and recovery efforts. Prime Minister Luís Montenegro stated that the Commission has guaranteed Portugal will not lose or return any RRP funds, promising an 'ingenious solution' to address the impact of force majeure events. Discussions are underway to redirect unused investments toward sectors such as telecommunications and energy, including satellite systems and renewable energy infrastructure for public buildings.
The president of the Azores government (PSD/CDS-PP/PPM) demanded today the region's participation in the management of the Recovery and Resilience Transformation Programme (PTRR) through a regional structure or by participating in a national entity.
The chairman of the National Monitoring Committee (CNA) for the Recovery and Resilience Plan (PRR), Pedro Dominguinhos, says the country may move forward with a reprogramming of European funds once the damage and impacts of Storm Kristin have been assessed, indicating a timescale of about two months. “We can only carry out the reprogramming after ...”
IAPMEI has extended the deadline for submitting the next payment request for the Mobilising and Green Agendas until 7 February, under the Recovery and Resilience Plan (PRR), due to constraints caused by bad weather.
IAPMEI has extended the deadline to 7 February for submitting the next payment request for the Mobilising and Green Agendas under the Recovery and Resilience Plan (PRR), due to constraints caused by adverse weather. “Given the constraints recorded in recent days in several regions of the country resulting from Storm Kristin — which ...”
The European Commission estimated today that, overall, investments from the Recovery and Resilience Plans (RRPs) will lead to an increase of up to 1.4% in the European Union's (EU) real Gross Domestic Product (GDP) this year.
The European Commission's preliminary decision validates 34 milestones and targets, bringing the share of PRR funds already received by Portugal to 68%.
The Commission concluded that Portugal satisfactorily met the 20 milestones and 14 targets set under the Recovery and Resilience Plan.
Only 58% of the funds from the Recovery and Resilience Facility have been disbursed, leaving almost €270 billion to be implemented by the end of 2026. The review is carried out by Coface, which warns that the overall impact on European GDP will be lower than expected, but the end of the European 'bazooka' will be partially offset by ...
The Minister of Economy and Territorial Cohesion said the European Commission is expected to give the green light on Thursday to the eighth payment from the Recovery and Resilience Plan (PRR), which will raise the plan's execution to 61%. “Tomorrow, the PRR's execution will go to 61% because the eighth payment request will be approved”, ...
