EDP ​​anticipates payment to more than XNUMX suppliers in Portugal and Spain

EDP ​​announced today that it will anticipate payment to more than a thousand suppliers, mainly small and medium-sized companies (SMEs) and small businesses, in Portugal and Spain starting next week.

Cristina Bernardo

In a statement, EDP explains that this decision to proceed with cash payments "intends to be support in the current pandemic context to ensure that these companies have the liquidity to pay salaries and maintain their activity, as well as jobs".

The initiative, similar to what has already happened in the last year, will continue for all payments to suppliers throughout the first quarter of this year.

"EDP thus hopes to contribute to minimize the negative effects that the pandemic is causing in the activity of these companies", says the company.

Since the beginning, attentive to the emergency signs caused by the impact of the covid-19, EDP signals that “it has sought from the first moment to anticipate measures that support citizens and companies to face this exceptional situation”.

It was in this context that, in March last year and right at the beginning of the pandemic, he anticipated the payment of more than 30 million euros to April, which around 1.200 suppliers should only receive in May, he recalled.

The covid-19 pandemic caused more than two million deaths resulting from more than 93 million cases of infection worldwide, according to a report made by the French agency AFP.

In Portugal, 8.543 people died from 528.469 confirmed cases of infection, according to the most recent bulletin from the Directorate-General for Health.

The disease is transmitted by a new coronavirus detected in late December 2019 in Wuhan, a city in central China.

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