Portugal to “strengthen” partnership with European Investment Fund
O Economy Minister Pedro Siza Vieira said this Tuesday that Portugal will strengthen a partnership with the European Investment Fund (EIF) to support Portuguese companies. Asked about the impact of the political crisis on the economy and, in particular, on the execution of the Recovery and Resilience Plan (PRR), Siza Vieira says that “there is great national awareness that we must not compromise the execution of the PRR”.
“We have a partnership with the European Investment Fund that association of Portuguese State funds and European funds in order to support the development and capitalization of Portuguese companies“, recalled the Minister of Economy, in a statement to RTP3, on the sidelines of the Web Summit, giving the example of Portugal Tech, which “had great success”.
“What we determined was appropriate was change this partnership with the European Investment Fund committing more funds, which originate from the PRR, to reinforce this programme, “said Pedro Siza Vieira.
“Our initial intention was to commit 50 million Portuguese euros, plus 43 million private, in fact We have already managed to mobilize 273 million private investors to invest already in 30 companies with great growth capacity, “said the Minister of Economy.
“Does not compromise the execution of the PRR”
Asked about the impact of the political crisis on the economy and, in particular, on the execution of the PRR, Siza Vieira says that “there is great national awareness that does not compromise the execution of the PRR“
The minister recalled that there are “targets agreed with the European Commission for each quarter to be achieved and achieving these goals depends on the disbursement of the PRR funds“
The Government’s objective goes through to ensure as “conditions for what is a priority from the point of view of the RRP, regardless of who will be the next Government, “added Siza Vieira.
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