Ministry overseen by former oil boss António Costa Silva has three months to come up with a plan to combat corruption...
António Costa Silva, minister of the economy and maritime affairs

State “may not recoup all money injected into engineering group Efacec” – minister

Portugal’s minister of the economy and maritime affairs, António Costa Silva, has admitted today that the State “may not recover all the money it has yet to inject into engineering group Efacec, although he is convinced that it will”, writes Lusa. António Costa Silva was speaking at a joint parliamentary hearing of the Budget and Finance Committee (COF) and the Economy, Public Works, Planning and Housing Committee as part of the committee stage debate on the draft 2024 State Budget bill (OE2024). To be fair, the State is almost certain NOT to recover the €3.2 billion ploughed into flagship airline, TAP, either. This has already been made very clear by prime minister António Costa.