Regional Government
Citizen Space
Business Space
About Azores
  news Legislation Schedule Communities Contacts Portal Map Links Help
Versão PortuguesaMUDAR LÍNGUA
See in: entities  categories

Agriculture and Forestry
Business Relations with the Regional Government
Civil Protection
Closing a company
Economical Inspection
Financing and Incentives
Housing and Infrastructures
Human Resource Management
Inovation, Reserach and Development and Technology
Law, Regulations
Science and Technology
Social Security
Starting a company
Statistics and Indicators


Get News of the Government by RSS - click here
Know more about RSS ...


Horta ,  March 31, 2009

Regional Government minimises the effects of the international crisis

The Regional Government of the Azores has succeeded in minimising the effects of the international crisis on the archipelago and, in the near future, it  will also succeed in dealing with its negative consequences.

This statement was made by the Vice-President of the Regional Government on Tuesday as he presented the Medium-Term Governmental Programme (2009-2012) and the Regional Investment and Budget Plan for 2009.

According to the Vice-President, Sérgio Ávila, the Regional Government has managed to "transmit an additional stimulus and maintain the confidence of Azorean companies and families" in this demanding situation, as is demonstrated by the "excellent adherence"  of companies  to the governmental credit lines and the "high amount of private investments already approved by the new system of incentives."

he said that in only 40 days, the credit lines established in the Azores have granted financial support in the order of 106 million euros to 559 regional companies.

He added that the Regional Government, faced with the difficulties of the international financial crisis, will not neglect the need to adopt  "all the innovative, courageous and ambitious measures" that are necessary to assure the sustainable economic growth of the Region.

The Vice-President said "what we can not do is to accept proposals that  "aim merely to reduce the capacity of the Region to support all Azorean families and companies in a manner that ends up benefiting those with higher incomes."

With regard to the Medium-Term Governmental Plan, the Vice-President explained that the global strategy that has been adopted will privilege sustainable economic growth, the reinforcement of social solidarity and cohesion, the efficient management of the territory and the qualification of public management and co-operation.

He said that the Regional Administration will undertake public investments in the order of 3268 million euros in the years 2009-2012.

The Budget for 2009 reaches the figure of 1368 million euros. If this sum is deducted from current accounts, it means that the total amount of funds made available will be 1079 million euros, an extra 63.4 million euros in relation to the 2008 budget.

He also highlighted the fact that these current expenses are inferior in 110.9 million euros to the current income, something which "makes it possible for this positive balance to contribute to the financing and reinforcement of investment."

Sérgio Ávila also said that the loan of 50 million euros that the Region was authorised to obtain will enable the reinforcement of policies that have been adopted with a view towards making the housing market and the qualification  and promotion of employment more dynamic.

The Vice-President reminded that the Azores have, since 2003, assured the "balance of the regional budget without resorting to indebtedness, thus maintaining the public regional debt essentially unaltered."


Official government press-releases presented in all foreign languages interfaces of the Azorean Government Portal (Portal do Governo dos Açores) are a sub-set of the government's official press-releases daily output and are chosen for translation and publication on the foreign language interfaces based on audience segmentation criteria. The entire collection of the Azorean government press-releases is available in portuguese, here, from the GACS Press Office site.

   Print   Send Send News   GaCS GaCS Site   Regional Press Regional Press   rss  

Last News

Advanced Search >>


This e-mail address is at your disposal for you to place your questions to the Regional Government of the Azores.
Ask the Government!


Health Ombudsman
Listen to this Page LISTEN
Go to top of page TOP
help HELP
Versão PortuguesaMUDAR LÍNGUA

Símbol of Acessibilidade on Web
main | President | Regional Government | Citizen Space | Business Space | About Azores | My Site