Portugal announces post-pandemic recovery plan
By IANS |
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Portugal s Covid-19 deaths exceed 6,000. Image Source: IANS News
Lisbon, April 17 : The Portuguese government has announced a Recovery and Resilience Plan with 16 billion euros ($19 billion) of European Union funds to reactivate the economy after the Covid-19 crisis.
The government will inject 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 Xinhua news agency.
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.
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.
2021-04-03 22:06:17 GMT2021-04-04 06:06:17(Beijing Time) Xinhua English
LISBON, April 3 (Xinhua) Portuguese President Marcelo Rebelo de Sousa said on Saturday that respecting restrictions during Easter and throughout April will be crucial so that there is not a fourth wave of COVID-19 in the country.
Visiting a nursing home in Lisbon, the president appealed to the Portuguese to do everything in their power on Easter Sunday to stop the transmission of the pandemic and reduce the number of inpatients in intensive care. We all hope that there will be no setbacks . if the reopening is done with attention to care, at a time when vaccination will see a decisive leap in April to maintain control of the pandemic before summer, he said, adding the sooner the pandemic disappears, the less the economic and social crisis will be.
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