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Portugal launches a €1 billion (US$1.2 billion) loan program to rebuild uninsured storm-damaged factories and

Storm Kristin — Portugal launches a €1 billion (US$1.2 billion) loan program to rebuild uninsured storm-damaged factories and a €500 million ($593 million) facility for short-term liquidity, while

Published February 1, 2026· Updated October 28, 2026·1 min read

Context: Storm Kristin.

Portugal launches a €1 billion (US$1.2 billion) loan program to rebuild uninsured storm-damaged factories and a €500 million ($593 million) facility for short-term liquidity, while the government extends the state of calamity in about 60 municipalities amid forecasts of further heavy rain and flooding. [https://www.reuters.com/world/portugal-launches-3-billion-package-help-rebuild-after-storm-kristin-2026-02-01/ (Reuters)]

Event summary via Wikipedia Current Events (2026-02-01).