Archive · 1 Feb 2026
Portugal Approves $3 Billion Aid Package After Storm Kristin
Portugal's government has decided to help people and businesses after a very strong storm called Storm Kristin.
The storm caused a lot of damage, including killing six people, damaging homes and factories, and cutting off electricity to many houses.
The government has set aside 2.5 billion euros to help with repairs and other needs.
This money will be used to give loans to businesses, help people fix their homes, and provide money to those who lost their jobs or income.
The government has also extended a special alert called a 'state of calamity' to help with emergency efforts.
Nearly 180,000 houses still don't have electricity, and the government is working to restore it.
Portugal's government approved a 2.5 billion euro ($3.0 billion) aid package for storm recovery.
The package includes loans for uninsured factories and cash-flow financing for immediate needs.
Aid for home rebuilding includes up to 10,000 euros per house and social security subsidies.
The 'state of calamity' was extended until February 8 due to forecasts of more heavy rain.
Nearly 180,000 households were still without electricity as of Sunday.
- Who
- Portugal's government, led by Prime Minister Luis Montenegro
- What
- Approved a 2.5 billion euro aid package for storm recovery
- When
- Sunday, February 1, 2024
- Where
- Portugal, specifically in about 60 hard-hit municipalities
- Why
- To help people and businesses rebuild after Storm Kristin
- Total Aid Package
- 2.5 billion euros ($3.0 billion)
- Loan Programme for Factories
- 1 billion euros
- Cash-Flow Financing for Factories
- 500 million euros
- Home Rebuilding Aid
- Up to 10,000 euros per house
- Social Security Subsidies
- Up to 537 euros monthly per person or 1,075 euros per family
- State of Calamity
- Extended until February 8
- Households Without Electricity
- Nearly 180,000