On Monday 11 April, the European Commission authorised a Portuguese support measure of €250 million under the Recovery and Resilience Facility (‘RRF’) to strengthen the capitalisation of the promotional institution Banco Português de Fomento (‘BPF’).
The measure aims to develop the Portuguese economy by facilitating access to finance, in particular for small and medium-sized enterprises (SMEs) affected by the coronavirus pandemic, and thus boost competitiveness and long-term job...