Portugal intends to allocate 6.4 billion euros from the EU Recovery Fund to support technological innovation

According to news from Xinhua News Agency on the 29th, Portuguese Prime Minister Costa said on the 28th that the government plans to allocate 6.4 billion euros from the 16.6 billion euro recovery fund provided by the European Union to support technological innovation.

In his video speech, Costa stated that according to the government’s recovery plan, it is necessary not only to increase support for technological innovation, but also to implement a series of reform plans, including simplifying the administrative approval procedures for scientific research projects, reducing enterprise operating costs, and establishing national The development bank builds a good financing platform for technology companies, provides interest-free loans for basic research projects, and provides technology companies with preferential interest rates.