Source: Tanjug | Sunday, 29.09.2019.| 09:18
Highlight an article Print out the news

Portugal to help companies affected by Thomas Cook’s bankruptcy

Illustration
Illustration (Photo: Rawpixel/shutterstock.com)
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.

Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE