Portugal RRP

The Portuguese government will have €10.7Bn at its disposal to help modernise Portugal’s companies and institutions. Some €3.5Bn will come from PT2020, which must be used up by the end of this [...]

The European Union has approved the third tranche of €1.8Bn of Portugal’s Recovery and Resilience ‘bazooka’. All told, there are €1.7Bn in grants and €110 million in loans that Portugal will [...]

Getting approval of investments over €25 million will no longer have to be validated by the Inter-Ministerial Coordination Commission (CIC Portugal 2030). CIC Portugal 2030 is a general policy [...]

Portugal delivered its request for the payment of the second tranche of its Recovery and Resilience Plan (RRP) on September 30. But it is unlikely that the €1.8Bn will arrive this year. “There’s [...]

The Governor of the Bank of Portugal, Mário Centeno has criticised the low execution rate of European ‘bazooka’ funds which he calls “dramatically low”. The former Portuguese finance minister was [...]

Over one-half of the ‘bazooka’ funds set aside to help the economy recover from the effects of Covid-19 has already been earmarked. However, the money is taking its time reaching the accounts of [...]

The Governor of the Bank of Portugal has called for the urgent application of RRP funds warning that Portugal runs the risk of missing the boat in terms of gaining a competitive edge and [...]

The Portuguese government has announced a measure to support companies that are faced with spiralling gas bills. The package will involve around 250-300 companies which are heavily gas reliant. [...]

Thirteen large projects have received a “non-favourable” or rejection classification in the results of the second phase of the competition for ‘Recovery and Resilience Plan ‘bazooka’ funding [...]

The Portuguese group DST, which is currently negotiating with the government to buy the engineering company Efacec, has ruled out any intention of investing in the company’s projects through an [...]