Factsheet for case PT-2020-53/1731 – Updated – measures in Portugal
|Country||Portugal , applies nationwide|
|Time period||Open ended, started on 30 December 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Heloisa Perista and Maria da Paz Campos Lima (CESIS) and Eurofound|
|Case created||18 January 2021 (updated 20 July 2021)|
In view of the evolution of the epidemiological and economic situations, the Portuguese Government continues to understand as a priority, in the current context, the following measures:
support for the maintenance of employment; strengthening of mechanisms to support the treasury situation of companies, in particular micro, small and medium-sized companies, which operate in the sectors most affected by the measures reducing social and economic activity, which in recent months have been accentuated; *support for job creation and maintenance; training and qualification.
The Resolution of the Council of Ministers 114/2020 approves (among other measures):
These supports are cumulative with the other measures that have been approved by the Government in recent months to support the economy.
Eligibility conditions: the beneficiary companies have not been subject to insolvency proceedings; do not distribute funds to members; do not effect collective redundancies or extinguish jobs for economic reasons.
According to the COVID-19 monitoring indicators released by GEP / MTSSS, on 7 May 2021:
|Does not apply to workers||
One person or microenterprises
|Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
The social partners sitting on the Standing Committee for Social Concertation were heard.
Eurofound (2021), New measures addressed to businesses and employment, case PT-2020-53/1731 (measures in Portugal), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.