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Portuguese energy-intensive sector can receive EUR612 million in aid

( April 24, 2025, 09:45 GMT | Official Statement) -- MLex Summary: Companies in Portugal that rely heavily on electricity will be eligible for reduced levy rates, under a 612 million-euro program that has secured state aid approval. The measure is meant to mitigate the risk of such companies relocating their activities outside the EU, where less-ambitious climate policies exist, the European Commission said today. The plan will run until April 22, 2035.Statement follows. ...

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