The Commission authorised the first in a series of aid measures for businesses planned by Portugal to deal with the current economic crisis.
The Commission authorised the first in a series of aid measures for businesses planned by Portugal to deal with the current economic crisis.
This measure will enable aid of up to €500 000 to be granted in 2009 and 2010 to businesses in difficulty as a consequence of the current economy crisis or facing funding problems because of the credit crunch.
The scheme is based on the provisions of the temporary framework that deal with compatible aid of a limited amount. In particular, the maximum amount of aid does not exceed €500 000 per company and the scheme applies only to businesses which were not in difficulty on 1 July 2008.
Press release
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