Global Trade Alert
Global Trade Alert

Portugal: EC approves the introduction and amendment of grant schemes to support Portuguese business in specific sectors (COVID-19)

Announcement

15 Jan 2021

In January 2021, the European Commission approved relevant amendments to the state aid schemes covered under the Portuguese "Programa APOIAR" (see related state act). These include the introduction of a new state aid measure, "Apoiar Rendas", which further complements the direct grants provided under the amended schemes. An estimated budget of EUR 1.2 billion (approx. USD 1.45 billion) was approved for all measures.

Source

Sign in to access

Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 Feb 2021

Revocation date:

30 Jun 2021

Updated: 15 Jan 2021
Financial grant
On 20 January 2021, the European Commission approved “Apoiar Rendas”, a state aid measure aimed to support Portuguese businesses in sectors severely impacted by the COVID-19 pandemic. According to the...
Sign in to see more

Threads

See all

This state act is not part of any Thread yet.