The government led by Luís Montenegro proposes to “review insolvency regimes by adopting the best European practices” in its new program document.
The aim is to “facilitate restructuring agreements, ensure speed, preserve the economic value of businesses, and enhance creditors’ control instruments.”
The program focuses on reducing taxes, such as corporate tax, and simplifying taxation to improve corporate competitiveness.
It also seeks to revise labor legislation to “better adapt the legal regime to the challenges of work in the digital age” and to “balance worker protection with greater flexibility in labor regimes.” It further addresses “the balance of social interests in strike legislation.”
The government proposes strengthening “company capitalization and the venture capital ecosystem through the creation of a fund of funds,” managed by Banco Português de Fomento.
The program of the XXV Constitutional Government, resulting from the May 18 elections won by the AD coalition (PSD/CDS), was delivered today to the Assembly of the Republic by the Minister of Parliamentary Affairs, Carlos Abreu Amorim.
The government program was approved by the Council of Ministers on Thursday and will be debated in the Assembly of the Republic on Tuesday and Wednesday.
