Azores business leaders call for new investment strategy following PRR end

Business and social organizations in the Azores are calling for a strategic transition in public investment as the Recovery and Resilience Plan (PRR) concludes. Economic leaders warn that the end of this funding cycle must not lead to a sharp decline in regional development.

The Chamber of Commerce, Industry and Agriculture (CCIA) highlighted risks stemming from international conflicts and trade tensions, noting a slowdown in the regional economy. They emphasized the need for better tourism promotion, improved connectivity to markets like the US and Canada, and the full utilization of community funds through the Azores 2030 program.

Similarly, the Association of Civil Construction and Public Works Industrials (AICOPA) urged the regional government to secure new funding sources to maintain momentum in housing, transport, and infrastructure. Meanwhile, the Economic and Social Council of the Azores (CESA) stressed the importance of maintaining the sustainability of previous investments while managing potential reductions in state funding and addressing energy autonomy and healthcare professional retention.

These discussions are part of the preparation for the 2027 Regional Plan and Budget, which is scheduled for debate in the Regional Legislative Assembly in November.