In the context of combating the impact of the COVID-19 pandemic on the economy, the National Bank of Angola approved Notice no. 10/2020 of 3 April 2020, which establishes special credit lines for national producers of essential goods. The credit lines must be made available by financial banking institutions to national production and they can be used by projects that have shortfalls in supply of production, raw materials and investment. The credit can also be used as capitalisation to acquire technology, machinery and equipment.
PLMJ has created a multidisciplinary team dedicated to analysing the legal and operational challenges that businesses are facing. Our team’s mission is work hand-in-hand with our clients to find the best solutions to mitigate the risks and to relieve some of the pressure they are under.
We have created a Coronavirus Hub to share practical information to help mitigate the risks for companies in Portugal.
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