Portugal RRP

Portugal’s development bank Banco de Fomento saw profits of €27.8 million last year, well above the €3 million for 2022. The bank’s development made a strong contribution to the bank’s product [...]

Portugal’s government can now request €713 million — the third tranche of EU funding earmarked for the Recovery and Resilience Plan (RRP) which had been blocked. According to the online news [...]

The EU advocate general has 19 active investigations open in Portugal over suspected irregularities involving European Compete funds. According to online new source ECO, the EU organisation has [...]

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 government approved a chunk of funds worth €400 million to help Portuguese companies modernise across five key areas: digitalisation, sustainability, retraining and upskilling, [...]

The President of Portugal’s enterprise association AEP has warned that several companies have left the consortiums leading cutting-edge modernisation and reconstruction projects deemed important [...]

Eurostat, the statistical office of the European Union (EU), may try and remove the independence from Portugal’s development bank Banco de Fomento (BPF). The bank, which has had a leading role in [...]

Portugal applied for the 3rd and 4th tranches of Recovery and Resilience Plan (RRP) funds on Thursday according to Recuperar Portugal. (Recover Portugal) Recuperar Portugal is a Portuguese [...]

Portugal’s public spending watchdog, the Tribunal de Contas, has flagged up fragilities in its report on Portugal’s execution of the €16Bn Recovery and Resilience Plan and that its application [...]

Funding set aside by the government from the Recovery and Resilience Plan to build 26,000 new houses by 2026 is unlikely to have a takers from developers because of the increase in construction [...]