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Investment of 88 million euros in the paper industry

The Government has cleared an investment of 88 million euros that aims at stimulating the forestation of the territory.

As part of the incentives package the companies got a corporate tax credit and an exemption from the applicable stamp tax.

The contract involves AICEP (the Trade and Investment Agency for Portugal) and 3 companies, namely, Papeles y Cartones de Europa, Europa&c Portugal e Europa &c Kraft Viana.

The project will create 10 new jobs and it will keep another 305 posts.

Source: Lusa

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