Portugal and Ireland are the EU countries where state aid accounts for the smallest share of GDP
EU data indicate that Portugal and Ireland have the lowest levels of state aid relative to GDP among member states — government support represents a smaller proportion of their economies than in other EU countries.
Portugal and Ireland are the EU countries where state aid accounts for the smallest share of GDP
Portugal, allocating 0.4% of its Gross Domestic Product (GDP), was, together with Ireland, the EU member state that spent the least on state aid in 2024, according to an assessment panel published this Thursday by the European Commission. Hungary (1.37% of GDP) and Romania (1.22% of GDP) were the countries that spent the most on ...
SATA: Azores authorise €25 million injection into SATA
The approval represents the final tranche of the amount authorised by the European Commission in the SATA restructuring process, which is now taking place due to the 'delay' in the privatisation of Azores Airlines.
European Commission extends deadline for divestment of TAP and SATA assets
On Monday the European Commission extended the deadlines for airlines SATA and TAP to complete the divestment of assets, a condition for the restructuring aid granted by the Government. In a statement, the EU Executive said it had accepted Portugal's request to extend the deadline until 31 December 2026 for the company...
European Commission extends deadline for disposal of TAP and SATA assets
These disposals are conditions for the approval of the restructuring aid granted by Portugal to SATA in June 2022, totalling €453.25 million.
Restructuring plan close to completion but still with targets to meet
TAP will reach the end of 2025, the scheduled date to conclude the restructuring plan agreed with Brussels, with much of the measures implemented but with commitments still outstanding, opening the door to a possible extension of the timetable.
€40 million investment creates new factory in Portalegre
Evertis Ibérica will build a new factory in Portalegre to produce PET-based film for various applications, notably for food packaging and healthcare packaging. The project involves an investment of €39.5 million, which includes €11.8 million in state support, ECO has learned. “The project involves the creation of ...
Insolvency of former TAP SGPS investigated over suspicion it was deliberately caused
The courts will examine whether the insolvency of the former TAP SGPS was deliberately triggered by its directors.
Oitante (formerly BANIF) repays part of public aid to the Resolution Fund but still has 64% outstanding
Oitante, the bank formerly known as BANIF, has repaid part of the public financial assistance to the Resolution Fund but still has 64% of the support outstanding.
