Latest news and stories about economic activity in Alcácer do Sal, Setúbal, Portugal for expats and residents.
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Alcácer do Sal experienced the “largest flood on record” in the municipality. Residents, shopkeepers, and fishermen saw their homes and businesses affected. In addition to insurance, they are awaiting “quick” support from the Government.
Azul Empírico, a subsidiary of the Davidson Kempner fund, has proposed a significant investment of 203 million euros to acquire the agricultural company Herdade da Comporta, indicating a strong interest in the agricultural and real estate market in the region.
Establishments are beginning to return to normal after the storms that affected the region.
President Marcelo Rebelo de Sousa has proposed discussions on establishing a disaster fund in Portugal to address damages from increasing natural disasters, such as recent floods. During a visit to the flooded area of Alcácer do Sal, he highlighted the need for financial relief for businesses affected by such calamities, especially those without insurance. He noted that similar funds exist in the European Union and emphasized the opportunity presented by the Recovery and Resilience Plan (PRR) to support this initiative.
Home News Portugal has plans to recover areas affected by bad weather Portugal has plans to recover areas affected by bad weather Prime Minister Luís Montenegro said in Alcácer do Sal that the Government is committed to recovering the country and already has several intervention plans, some spann
The announcement was made by the Prime Minister during a visit to Alcácer do Sal.
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.
Maria da Graça Carvalho listened to their laments and consoled the traders whose businesses were destroyed.
