Follow Portugal immigration and the Portuguese economy: The Portuguese government announced in a statement on the 28th that it has signed a cooperation agreement with the German development bank KfW. The agreement aims to expand bilateral cooperation and increase support from financial institutions for Portuguese small and medium-sized enterprises (SMEs).
KfW will provide advisory services to the Portugal government regarding its plan to establish a dedicated credit institution for SMEs, in order to support the development of these businesses, stimulate economic growth, and promote employment.
KfW also plans to work with the government to study the feasibility of providing financing services to Portuguese SMEs through the aforementioned credit institution.
KfW Bankengruppe is the third-largest bank in Germany.
