LISBON: The Portuguese government has announced a Recovery and Resilience Plan with USD19 billion of European Union funds to re-emerge the economy after the Covid-19 crisis.
The Portugal government will infuse directly 5.1 billion euros in companies, Prime Minister Antonio Costa said in a statement on Friday after introducing the plan to President Marcelo Rebelo de Sousa, reports by Xinhua.
Municipalities, institutions of social and solidarity economy, research centres, and institutions of higher education will also be included in the plan. The plan, with an execution period of three years, also provides subsidies for the purchase of affordable housing and social intervention in the most disadvantaged areas, he said.
COVID 19: Azores appeal for emergency help within the US community - Portugal
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EU bank and Portuguese Government join forces to boost investments in hydrogen
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Posted on 09 April 2021.
There are still many complications, much confusion and lots of uncertainty, but here’s the nitty-gritty of what’s known about the prospects for tourism from abroad.
Foreign holidaymakers are expected to start arriving in Portugal in significant numbers in May and June.
The UK has long been Portugal’s biggest source of foreign visitors, but the British Government has made it clear that no holidaymakers from England will be allowed to go anywhere abroad before May 17.
Top EasyJet, Ryanair and other airline officials have strongly urged the British Government to include Portugal on a proposed “Green List” of countries and allow flights to resume on May 17. They have asked that they be informed well ahead of this date so they can properly prepare their aircraft and staff for takeoff.
João Pedro Matos Fernandes, signed in Lisbon a Memorandum of Understanding (MoU) during the High Level Conference “
Hydrogen in Society - Bridging the Gaps”, organised by the Portuguese Presidency of the Council of the European Union.. The proposed MoU is a non-binding agreement aimed at fostering cooperation between the two entities in the sector.
The hydrogen sector will play an important role in accelerating the energy transition, as outlined in the European Hydrogen Strategy launched by the European Commission in 2020, which aims at building a whole hydrogen ecosystem for a climate-neutral Europe by installing 40GW of green hydrogen capacity by 2030. Thanks to the MoU signed today, the EIB will support Portugal’s ambitious environmental objectives set in the 2030 National Energy and Climate Plan, also known as PNEC 2030, and in the 2050 Carbon Neutral Roadmap for Portugal (RNC2050).