This Thursday in Oliveira de Azemeis, Aveiro, the Council of Ministers approved 60 measures included in the “Economic Acceleration” program. The Government
The IRC rate will gradually decrease at a rate of two percentage points per year until it reaches 15% at the end of the legislative session, according to the Accelerate the Economics program approved this Thursday by the Council of Ministers.
The gradual reduction of the IRC rate by two percentage points per year, to 15% at the end of the legislature, was included in the government’s programme and is aimed at stimulating economic growth and investment, as well as the investment potential of companies, with the government justifying it as a way to raise wages.
Another measure approved this Thursday is a minimum tax rate of 15% for multinational and national groups. This is also a transposition of the European Union (EU) directive on the minimum level of taxation of profits of multinational companies and large national groups.
Portugal was even late in implementing the transposition of the directive, and the European Commission even initiated an infringement procedure.
The government will step up support for tourism by providing a €10 million credit line for inland projects and a further €50 million for sustainable projects.
Among the 60 measures that make up the programme is the review and strengthening of tourism support areas, such as Linha + Interior Turismo, which aims to support the sustainable tourist development of territories, with an allocation of 10 million euros.
Government launches ‘deep tech’ investment fund based on sustainable innovation
Another measure announced is the creation of an investment fund for “deep technologies” “with a focus on sustainable innovation,” as well as another fund for growing “start-up projects.”
The term deep tech refers to companies or technologies that are at the forefront of innovation.
The executive director, led by Luis Montenegro, envisages the creation of a “startup growth stimulating fund” and support vouchers for startup applications for international acceleration programs.
The programme also aims to “support the recruitment of doctoral students for companies” and “researchers and teachers in social bodies or shareholders of start-ups,” according to the document, which summarises 60 measures for the Portuguese economy.
He also plans to “make it easier to categorize ‘startups'” and launch an “Innovative Supplier Network” program.
A national technological innovation curriculum and another national innovation protection program are also planned. In this context, the government will conduct a “revision of the Industrial Property Code.”
Government reopens Maritime Affairs Commission, updates satellite account
This Thursday, the Council of Ministers decided to reactivate the Inter-Ministerial Commission on Maritime Affairs and update the Maritime Subsidiary Account.
The Interministerial Commission for Maritime Affairs (CIAM), created in March 2007, is responsible for strategic coordination at sea.
The purpose of this commission is to facilitate the formulation of sectoral policies and discuss strategic issues by bringing together a group of decision makers.
In turn, the Maritime Satellites (CSM) account, the update of which was approved this Thursday, is intended to monitor the maritime strategy and support CIAM.
The Council of Ministers also gave the green light to the conclusion of the National Maritime Spatial Planning Plan.
Government allocates €2.5 million for integration and training of migrants and refugees in tourism
A programme for the integration and training of migrants and refugees in the tourism sector was also approved, with 2.5 million euros allocated by Turismo de Portugal.
“This programme aims to attract professionals and non-professionals to participate in a training and integration project that aims to contribute to improving the conditions of integration of refugees and migrants in Portugal and prepare them for integration in the tourism sector,” says the economic acceleration programme, which was approved today by the Council of Ministers in Oliveira de Azemeis, Aveiro District, and presented at a press conference with Prime Minister Luís Montenegro, Economy Minister Pedro Reis and Finance Minister Joaquim Miranda Sarmento.
Thus, the Portuguese tourism budget has allocated 2.5 million euros.
The programme presented this Thursday, as the government noted, “is the result of the work of the first three months of government, during which the Minister of Economy and the Secretaries of State for Tourism, Economy and the Maritime Law listened to various public and private entities, participated in events, visited companies, institutions and met with a wide range of organisations and individuals.”
Government launches plan “State will pay in 30 days”
The “State will pay in 30 days” plan, one of the measures included in the government program, will now be launched, Luis Montenegro announced this Thursday after the meeting of the Council of Ministers.
The aim of this measure is to increase the capitalization of companies, Luis Montenegro said at a press conference after the meeting of the Council of Ministers.
Author: Lusa
Source: CM Jornal
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