Portugal RRP

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 [...]

Portugal has signed an agreement to receive €1.3Bn from the European ‘bazooka’ destined for its Recovery and Resilience Programme. This comes after it has complied with the benchmarks and targets [...]

The majority of Portuguese companies expect to increase their investment and apply for European funding in 2022. According to the FI Group, 97% of companies intend to make investments next year, [...]