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Portugal Unveils €2.5 Billion Aid for Storm Kristin Recovery

2/1/2026

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Summary

Story summary

Portugal's government approved a €2.5 billion aid package to support Storm Kristin recovery, which caused extensive damage and left nearly 180,000 households without electricity and at least six deaths.
Prime Minister Luis Montenegro announced a €1 billion loan program for uninsured factories.
The package includes €500 million for immediate cash-flow assistance.
It also provides €1 billion to rebuild uninsured homes with subsidies up to €537 monthly.

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Story summary

Portugal's government approved a €2.5 billion aid package to support Storm Kristin recovery, which caused extensive damage and left nearly 180,000 households without electricity and at least six deaths.
Prime Minister Luis Montenegro announced a €1 billion loan program for uninsured factories.
The package includes €500 million for immediate cash-flow assistance.
It also provides €1 billion to rebuild uninsured homes with subsidies up to €537 monthly.