When the WHO (World Health Organization) declared a global pandemic in March 2020, the Portuguese government and local authorities took several measures to prevent the spread of the virus, including a general lockdown and mandatory remote working, similar to the government actions in a number of other countries, said Vitor Graça, Secretary-General of Portuguese Association of Leasing, Factoring and Renting in the article about factoring development in Portugalia, included in the most recent edition of World Factoring Yearbook. The pandemic not only had a severe impact on people’s health, but it also affected the economy, including the Portuguese factoring industry.
