US Edition
Portugal Announces €600m Credit Line to Firms Hit by Rising Energy Costs
8 Articles
8 Articles
The government says that the verb is for companies whose energy costs represent more than 20% of production costs.
Prime Minister Luís Montenegro announced on Thursday the launch of a new €600 million financing line aimed at supporting companies particularly affected by rising energy costs. The statement was made during the commemorative session marking two years of government. The initiative, called “Portugal Energy Resilience” and managed by […]
The prime minister announced today the launch of a EUR 600 million support line to finance companies whose energy costs represent more than 20% of their production costs. Luis Montenegro announced that the line will be called "Portugual Energy Resilience" and will be operationalized by the Portuguese Bank of Fomento, in a ceremony where he signed two years of ownership as prime minister. "It is intended to finance, through credit, the needs of f…
By making a positive balance on the Government's action over the past two years, Luis Montenegro announced a new EUR 600 million support line to companies affected by the increase in energy costs in the last few weeks and ensured a "strong rate of implementation" in recovery programmes.
Support is intended for companies whose energy costs represent more than 20% of their production costs
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
