Government of Portugal opens notice of 40 million euros to support the wine sector

Published Nov 27, 2021

Tridge summary

The Portuguese Minister of Agriculture, Maria do Céu Antunes, has announced a new support fund of 40 million euros to aid the wine sector in product transformation and marketing, with the goal of reaching one billion euros in exports by 2023. This initiative is part of an open notice for agricultural product investment that has been ongoing since 2018. Additionally, the minister revealed a 50 million euros allocation for the "Vitis" program, aimed at vineyard conversion for 2022. During a visit to Adega de Cantanhede, she also shared plans to sell warehouses owned by the Institute of Vine and Wine to the winery, subject to necessary authorizations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The wine sector can apply for a support fund for the transformation and marketing of agricultural products, endowed with 40 million euros, announced today the Minister of Agriculture, Maria do Céu Antunes. “Since 2018, we have not had any open notice as we have now, for investment in the transformation and marketing of agricultural products. We have a new open notice with 40 million endowments in which wine, for the first time since 2018, can compete”, said the minister today, on a visit to Adega de Cantanhede, district of Coimbra. The government official said she hopes that the initiative will help the sector to reach the established goal of being able to “reach one billion euros in exports in 2023”. “Let's get it. Despite all the setbacks we have felt in this almost a year and a half of pandemic, we truly managed to continue to increase our exports”, he stressed. The minister took advantage of the moment to announce that the “Vitis” program, for the conversion of the vineyard ...

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