Tag: Portugal
Commission approves creation of new national development bank Banco Português de Fomento in Portugal
The European Commission has approved, under EU state aid rules, Portuguese plans to set up a new national development bank, Banco Português de Fomento (BPF), to promote the growth of the Portuguese economy. BPF will result from the merger between the existing Instituição Financeira de Desenvolvimento and PME Investimentos into SPGM, which will rename itself […]
#CohesionPolicy – Portugal’s important suburban train line modernized
The European Commission has approved €50 million of financing from the Cohesion Fund to modernize the 25 km-rail line between Lisbon and Cascais, a very important suburban line serving tens of thousands of commuters daily. Works include installing new electrical infrastructure, signalling and control systems aiming at making train journeys safer and more energy efficient. […]
Migration: Relocation of #UnaccompaniedChildren from #Greece to #Portugal and #Finland
The next transfers will take place later in the month, with 18 children finding new homes in Belgium, 50 in France, 106 (including siblings and parents) in Germany, 4 in Slovenia and 2 in Lithuania. While the scheme started with an aim to relocate at least 1,600 children and young people, member states have now […]
Commission approves €40 million Portuguese scheme to support companies affected by the #Coronavirus outbreak in autonomous region of #Madeira
The European Commission has approved a €40 million Portuguese scheme to support companies affected by the coronavirus outbreak in the autonomous region of Madeira. The scheme was approved under the state aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and on 8 May 2020. The support will take the […]
EU citizens want more competences for the EU to deal with crises like #COVID-19
EU in action: medical equipment from RescEU reserve being delivered to Spain in May 2020. ©EU/A.P.E. In a new survey commissioned by the European Parliament, a majority (58%) state they have experienced financial difficulties since the start of the crisis. Conducted at the end of April 2020, nearly seven out of ten respondents (69%) want […]
Commission approves €140 million Portuguese scheme to support investment in research, development, testing and production of #Coronavirus relevant products
The European Commission has approved a €140 million Portuguese aid scheme to support investment in research and development (R&D), testing and production of products that are relevant to the coronavirus outbreak, including vaccines, ventilators and personal protective equipment. The scheme was approved under the state aid Temporary Framework adopted by the Commission on 19 March. The […]
Commission approves €20 million Portuguese credit line scheme to support fishery and aquaculture sector in #Coronavirus outbreak
The European Commission has approved a Portuguese scheme to support the Portuguese fishery and aquaculture sector in the context of the coronavirus outbreak. The scheme was approved under the state aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. The public support will consist in the provision of loans […]
