Portugal's Alarming Delay in PRR: Are We the Worst in Europe? A Warning from the Central Bank!
Dinheiro Vivo9 months ago
940

Portugal's Alarming Delay in PRR: Are We the Worst in Europe? A Warning from the Central Bank!

Economy
prr
economy
portugal
centralbank
recovery
Share this content:

Summary:

  • Banco de Portugal raises alarm over PRR delays

  • Current execution pace is among the worst in Europe

  • Immediate action is necessary to prevent worsening situation

  • Compliance becomes more challenging with each tranche

Central Bank Raises Alarm on Portugal's PRR Delays

The Banco de Portugal has issued a new warning regarding the delays in the implementation of the PRR (Recovery and Resilience Plan). This delay is raising concerns that the situation could worsen if no immediate actions are taken. According to the bank, as requests for tranches progress, the number of targets becomes increasingly demanding, particularly from the ninth tranche onwards, making compliance more challenging.

Portugal PRR

The PRR is crucial for Portugal's recovery post-pandemic, and the current pace of execution is among the worst in Europe. The Central Bank's concerns highlight the urgency of addressing these delays to prevent further deterioration of the situation.

Key Points:

  • Banco de Portugal issues a warning about the delays in the PRR.
  • The situation could worsen if immediate actions are not taken.
  • Compliance becomes more demanding as requests for tranches progress.

As Portugal navigates these challenges, stakeholders must prioritize swift action to ensure the effective implementation of the PRR and avoid falling further behind other European nations.

Comments

0

Join Our Community

Sign up to share your thoughts, engage with others, and become part of our growing community.

No comments yet

Be the first to share your thoughts and start the conversation!

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

OR
PortugalToday.news logo

PortugalToday.news

Get PortugalToday.news on your phone!

Other Latest News

Ryanair Passengers Stranded Over 3 Hours Without Food or Water - Shocking Details Inside

Ryanair Passengers Stranded Over 3 Hours Without Food or Water - Shocking Details Inside

35 minutes ago
880
Discover the Best 10 Restaurants in Algarve – From Odeceixe to Lagos

Discover the Best 10 Restaurants in Algarve – From Odeceixe to Lagos

2 hours ago
940
Madeira Airport Chaos: 57 Flights Cancelled in a Single Day Due to Severe Winds

Madeira Airport Chaos: 57 Flights Cancelled in a Single Day Due to Severe Winds

4 hours ago
910
Traffic Snares TVDE Driver Who Insulted and Threatened PSP Officers in Lisbon

Traffic Snares TVDE Driver Who Insulted and Threatened PSP Officers in Lisbon

8 hours ago
980
Algarve Housing Prices Skyrocket: A 10% Surge in June Alone!

Algarve Housing Prices Skyrocket: A 10% Surge in June Alone!

9 hours ago
950
Trás-os-Montes Wines Take Over Lisbon This Saturday in a Bottle

Trás-os-Montes Wines Take Over Lisbon This Saturday in a Bottle

7 hours ago
880
Beja's Scorching Heatwave: "The Gates of Hell Have Opened"

Beja's Scorching Heatwave: "The Gates of Hell Have Opened"

11 hours ago
960
Discover Masana Algarve: A Serene Wellness Retreat in Olhos d'Água

Discover Masana Algarve: A Serene Wellness Retreat in Olhos d'Água

12 hours ago
870
Portugal Tightens Immigration Rules: New Policies Unveiled

Portugal Tightens Immigration Rules: New Policies Unveiled

13 hours ago
1080
Vale de Vila Farmers Struggle to Sell Grapes After Losing Key Buyer

Vale de Vila Farmers Struggle to Sell Grapes After Losing Key Buyer

10 hours ago
950
Decline in Port Wine Consumption Deepens Social Crisis in Douro Region

Decline in Port Wine Consumption Deepens Social Crisis in Douro Region

14 hours ago
890
Survey Reveals: Majority of Portuguese Oppose Apologies to Former Colonies

Survey Reveals: Majority of Portuguese Oppose Apologies to Former Colonies

16 hours ago
960
Madeira Airport Chaos: 40 Flights Cancelled in a Single Day Due to Strong Winds

Madeira Airport Chaos: 40 Flights Cancelled in a Single Day Due to Strong Winds

1 day ago
890
Faro's Local Accommodation Regulation Under Public Consultation: What Changes Are Coming?

Faro's Local Accommodation Regulation Under Public Consultation: What Changes Are Coming?

1 day ago
930
TAP Flight to Brazil Makes Emergency Return to Lisbon After Pilot Falls Ill

TAP Flight to Brazil Makes Emergency Return to Lisbon After Pilot Falls Ill

23 hours ago
880
Lisbon's Best-Kept Culinary Secret Lies Inside a Swimming Pool

Lisbon's Best-Kept Culinary Secret Lies Inside a Swimming Pool

1 day ago
940
Driver Flees Scene After Overturning Car in Marquês Tunnel, Lisbon - Traffic Disrupted

Driver Flees Scene After Overturning Car in Marquês Tunnel, Lisbon - Traffic Disrupted

1 day ago
990
Fieldfisher Expands into Portugal with New Offices in Lisbon and Porto

Fieldfisher Expands into Portugal with New Offices in Lisbon and Porto

1 day ago
940
José Sócrates Accuses Portuguese State of Manipulating Justice in Marquês Operation

José Sócrates Accuses Portuguese State of Manipulating Justice in Marquês Operation

1 day ago
910
Portugal Rises Firefighting to Delta Level Amidst Helicopter Maintenance Challenges

Portugal Rises Firefighting to Delta Level Amidst Helicopter Maintenance Challenges

1 day ago
990
Shocking Assault in Portalegre Hospital: 19-Year-Old Patient Attacked in Psychiatric Ward

Shocking Assault in Portalegre Hospital: 19-Year-Old Patient Attacked in Psychiatric Ward

1 day ago
920
Portugal's Emergency Medical Services Boosted with Four Air Force Helicopters Amid Concerns

Portugal's Emergency Medical Services Boosted with Four Air Force Helicopters Amid Concerns

1 day ago
860
Lisbon and Amadora Hit by Dangerous Ozone Levels as Heatwave Continues

Lisbon and Amadora Hit by Dangerous Ozone Levels as Heatwave Continues

1 day ago
1010
Portugal's Water Reserves: High Levels Nationwide Except Algarve Still Battles Drought

Portugal's Water Reserves: High Levels Nationwide Except Algarve Still Battles Drought

2 days ago
1000
Extremist Groups Pour Millions into Portuguese Anti-Abortion and Anti-LGBTQI+ Campaigns

Extremist Groups Pour Millions into Portuguese Anti-Abortion and Anti-LGBTQI+ Campaigns

2 days ago
970
Political Clash in Lisbon: Chega Candidate and Rita Matias' Father Exchange Heated Words Over Mosque Proposal

Political Clash in Lisbon: Chega Candidate and Rita Matias' Father Exchange Heated Words Over Mosque Proposal

2 days ago
950
Rare Roll Clouds and Freak Showers Stun Portugal Amidst Scorching Heatwave

Rare Roll Clouds and Freak Showers Stun Portugal Amidst Scorching Heatwave

2 days ago
990
Discover the Algarve's Hidden Paradise: Barra Nova Beach, a Tranquil Escape Even in August

Discover the Algarve's Hidden Paradise: Barra Nova Beach, a Tranquil Escape Even in August

2 days ago
970
Algarve's CCDR Achieves Stunning 42.3% Energy Savings in 2024 with Solar Power

Algarve's CCDR Achieves Stunning 42.3% Energy Savings in 2024 with Solar Power

2 days ago
970
Discover Comporta: Portugal's Hidden Gem That's Europe's Answer to the Hamptons

Discover Comporta: Portugal's Hidden Gem That's Europe's Answer to the Hamptons

2 days ago
880