New billion euro credit line announced for micro and small businesses

A new billion euro credit line aimed at micro and small businesses has been announced by economy minister Pedro Siza Vieira.

Opening on the week starting July 20, the idea is that money gets to “the greatest number of businesses in the fastest way possible”, with special focus on businesses in the Algarve and the tourism sector which is likely to get at least 20% in non-refundable grants.