Portugal unveils 2.5-bln-euro support package for Storm Kristin victims

Portuguese Prime Minister Luis Montenegro announced a 2.98 billion dollars support package for families and businesses after Storm Kristin left at least eight dead and a trail of destruction across the country, extending a national state of calamity.



Following an extraordinary Council of Ministers meeting, the government announced the package while also extending the nationwide state of calamity until Feb. 8.



The measures include reconstruction aid, income support for families, liquidity assistance for businesses, and both tax and credit moratoriums.



Direct grants of up to 10,000 euros will be available for uninsured primary homes and for agricultural and forestry activities.



Families facing hardship or income loss can receive up to 537 euros per person, capped at 10,075 euros per household.



Businesses in affected areas will benefit from six months of Social Security contribution exemptions and access to a simplified temporary layoff scheme for three months.



A 90-day moratorium will apply to business and primary home loans, with the possibility of extension for up to 12 months.