The Portuguese government has earmarked 150 million euros (USD 164 million) worth of credit to help local companies affected by the collapse of British travel firm Thomas Cook
, the cabinet said on Friday.
Each firm is eligible for up to 1.5 million euros of credit and can apply for a loan by calling a purpose-set helpline, Reuters reports.
Portugal was little affected by cancellations of Thomas Cook flights but the tourist-packed Algarve region fears hotel bills will be left unpaid as the holiday season draws to an end.
In a statement, the government said it will also make available 2.25 million euros specifically to help the Algarve region in southern Portugal and the island of Madeira cope with the collapse.