More than 50% of companies still waiting for ‘covid credits’

More than 50% of companies that requested bank finance in line with pandemic support programmes outlined by the government have still not received it.

A survey conducted by the Portuguese business confederation (CIP) showed that many of the requests date back to April. At the same time, 78% of businesses have said that the money coming through is either “less” or “very much less” than what is needed.

Ironically, this result is said to be “an improvement on previous weeks” through the crisis in which a much higher percentage of companies registered dissatisfaction with financial support received.