Storms

Economy

Banco Português de Fomento Routes a €1 Billion BEI-Funded Post-Tempestade Line — €500M SME Tranche to 12 Years, €250M via Commercial Banks, €250M for 30-Year Infrastructure Loans as Guarantee Applications Pass €1.9 Billion

BPF president Gonçalo Regalado opens a €1B post-tempestade credit envelope on 1 June — €500M direct SME loans to 12 years, €250M via commercial banks, €250M for 30-year infrastructure loans. Existing storm guarantees total €1.9B applications, €1.5B+ approved.

1 June 2026

News

Marcelo Signs the 12-Month Extension of the Storm-Impact Credit Moratoria Into Law on Thursday Evening 14 May — Decree Carries 7,400 Clients and €930 Million in Mortgage and Empresa Credit Through to End-April 2027

Thursday evening 14 May 2026: Marcelo Rebelo de Sousa promulgates the Government decree extending the storm-impact credit moratoria by 12 months, locking the BdP-tracked 7,400 clients and €930 million in mortgage and empresa credit through to end-April 2027.

14 May 2026

News

Cláudia Reis Duarte Walks the IRC Modelo 22 Filing Deadline From 31 May to 19 June on Wednesday 13 May — Storm-Sequence Rationale Carries the Despacho Across Every Company Subject to IRC, Whether Storm-Affected or Not

Wednesday 13 May 2026: SEAF Cláudia Reis Duarte signs despacho walking Modelo 22 IRC filing deadline from 31 May to 19 June for all entities subject to IRC, with no surcharges. Cited rationale is the anomalous storm sequence's disruption of the accounting-closing cycle for 2025 accounts.

13 May 2026

Economy

Government Unveils Its €22.6 Billion Portugal Transformação, Recuperação e Resiliência Plan With 96 Measures Through 2034 — But DN/DV Finds 65% of the Headline Spend Already Sat Inside the OE2026 Six Months Ago

Luís Montenegro's new PTRR packages €22.6bn through 2034 across three pillars — Recover (€5.33bn), Protect (€14.97bn), Respond (€2.32bn). DN/DV's read of the 96-measure annex finds 65% of the headline spend was already locked into October's OE2026.

4 May 2026

Portugal

IPMA Puts 11 Continental Districts Under Yellow Warning Tuesday for Showers, Hail and Thunderstorms — Central Açores Group Already Under Active Rain Notice on Monday Afternoon

The Instituto Português do Mar e da Atmosfera issued an updated warning bulletin late Monday placing eleven mainland districts under aviso amarelo for Tuesday, 28 April 2026 — coverage that runs from the early-afternoon convective window at noon...

28 April 2026

News

APA Pledges €111 Million to Rebuild a Coast Stripped of 20 Metres by Five Winter Storms — One Million Cubic Metres of Tagus Sand Now Pouring Onto Costa da Caparica Ahead of 1 June

APA is dredging one million cubic metres of sand from the Tagus onto Costa da Caparica between now and June — part of a €111M coastal recovery programme covering damage from Storms Ingrid, Joseph, Kristin, Leonardo and Marta. Some stretches lost 20 metres of beach. Bathing season opens 1 June.

26 April 2026

Storms

Portugal's Storm Moratorium Expires in Nine Days With €930 Million of Credit Still on Pause — Clara Raposo Warns Window Is About to Close

Bank of Portugal vice-governor Clara Raposo confirms 7,400 households and firms have used the storm moratorium across nearly 100 disaster-declared municipalities, suspending €930M of credit. The scheme ends 30 April; insurers covered just €750M of a €5B loss.

21 April 2026