EU Bazooka

The President of Portugal’s development bank – Banco Português de Fomento – Gonçalo Regalado took stock of his first 100 days in front of the bank this week and outlined the main [...]

Banks in Portugal say they have tens of millions of euros to finance innovative company projects up and down the country through the InvestEU credit line but can’t because the projects have [...]

Portugal has a window of just three years to define an economic strategy that will lay the foundations for the country’s economic development and prosperity for the next 20 years according to [...]

The Irish finance minister and president of the Eurogroup of EU finance ministers, Paschal Donohoe, has praised Portugal for its “dedication” in carrying out its Recovery and Resilience Plan. [...]

The European Commission has announced that Portugal would receive a further €1.634Bn in grants for Portugal’s RRP. (Recovery and Resilience Programme) The announcement that it would get an extra [...]

The European Commission has approved the payment of €1.16Bn to Portugal to finance its national Recovery and Resilience Plan (RRP) of which €554.4 are grants and €609 million are loans. European [...]

The ratings agency Moody’s has warned that snap elections could be inconclusive which would result in a political deadlock that would be “a bad thing for credit”. The deadlock would also bring [...]

Almost half of the funds in Portugal’s RRP programme have already been allocated according to the entity responsible for managing and monitoring the funds, ‘Recover Portugal’. The mission [...]

The European Commission has given the green light for Portugal’s Recovery and Resilience Plan. The original draft of the plan was delivered to Brussels on 15 October 2020 and after a period of [...]

The Portuguese Government which has been allocated a total of €16.6Bn from the EU’s Resilience and Recovery Fund is to allocate €3Bn of the total next year. “One of the key strategies for [...]