It will not be easy, but it will be. The European Union has a number of protocols that are respected throughout the duration of the aid. Spending on every euro is closely monitored by EU officials, as any violation of the Portuguese government`s agreement could lead to expulsion from the EU; and no one wants that to happen. We will see what 2020 has to offer. The BMS Group (“BMS”), the independent (re)broker insurance broker, today announced the conclusion of a partnership agreement with the new wholesale and specialty broker Tejo Specialty (“Tagus”) in Portugal. An ambitious production plan has been developed and the bmS teams will work in London and Madrid near Tejo. To achieve the expected results, Portugal will receive 25 billion euros by 2020. The agreement also takes into account cross-cutting areas related to public administration reform and an integrated territorial aproach, consisting of 11 thematic objectives (OT) to meet the main challenges: the Tagus agreement with BMS means that it will join a group of selected independent brokers from around the world, able to use the bms.partner logo on its business cards and marketing materials. The partnership agreement between Portugal and the European Commission, known as Portugal 2020, was adopted to implement the principles of the Europe 2020 strategy and to focus on economic, social, environmental and territorial development policies, which could boost growth and job creation in Portugal in the coming years.
The Portugal 2020 strategy sets out the measures, investments and funding priorities needed to promote smart, sustainable and inclusive growth and achieve the objectives of the Europe 2020 strategy. The programme follows the Portuguese Strategic Reference Framework (QREN) and corresponds to eu structural support for the 2014-2020 programming period, adopts the programming principles defined for the implementation of the Europe 2020 strategy and enshrines the economic, social, environmental and territorial cohesion needed to support, stimulate and guarantee a new national cycle of growth and job creation.