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Decree Law No. 18/2021


Publication: Republic Diary No. 50/2021, Series I of 2021-03-12
  • Issuer: Presidency of the Council of Ministers
  • Diploma Type: Decree Law
  • Number: 18/2021
  • Pages: 2 - 6

Summary in plain english

What is it?

This decree-law changes the rules for accessing a line of credit with subsidised interest rates for fishing sector operators.

What is going to change?

The global amount of credit and the total limit of the aid to be granted is defined by an administrative decree of the members of the Government responsible for the areas of finance and the sea, as well as the conditions for formalising loan agreements and their financial conditions.

What advantages does it bring?

This decree-law guarantees the simplification of procedures.

It allows tackling the cash-flow difficulties that the operators in this sector continue to face due to the economic situation triggered by the COVID-19 pandemic.

When does it enter into force?

This decree-law enters into force on 13 March 2021.

Original Version

LEGAL TRANSLATOR

  • Legal translator is the translation of texts within the field of law

CONSOLIDATED LEGISLATION

Legislative consolidation integrates the various amendments and rectifications made into an original legal diploma in order to make its consultation more accessible to the citizen.