Tuesday, March 4, 2008

hina and the Portuguese-speaking countries increased by 35 percent in 2007

The trade between China and Portuguese-speaking countries grew 35 per cent in 2007 to 46.35 billion dollars, in Macao returned to Portuguese news agency Lusa citing a source official.

The main partner Lusophone of China is Brazil saw that between January and December last year the trade grow 46.4 percent to a total of 29.7 billion dollars, followed by Angola, with an increase of 19.4 percent for trade of 14.11 billion dollars.

Portugal is the third partner of China in the context of lusofonia with trade of 2.2 billion dollars and a growth counterpart face to 2006, 29 percent.

Mozambique closes the list of major Chinese partners in terms of trade with the Portuguese-speaking countries have registered to trade in the amount of 280 million dollars and a growth of 36.8 percent.

Between 2003 and 2006, trade between China and countries lusófonos more than tripled to a total of 34 billion dollars at the end of 2006, a growth which at the time accounted for 46.9 per cent compared to 2005.

The values established in 2007 also indicate that trade between China and Portuguese-speaking countries must overcome already in 2008 the goal of 50,000 million dollars drawn for 2009.

Brazil: Growth of civil aviation in the Asia-Pacific region brings opportunities for Embraer


Sao Jose dos Campos, Brazil, Feb. 20 - Embraer foresees a demand for 1,270 jets in the segment of 30 to 120 seats in the next 20 years in the Asia-Pacific region and China, with a market value estimated at 42 billion dollars, announced today the company.

According to a report by Embraer (Empresa Brasileira de Aeronautica) on the demand for commercial air transport in the Asia-Pacific region and China between 2008 and 2017 will be delivered 610 aircraft and 660 other units between 2018 and 2027.

The current forecast of Embraer shows that demand in the region will be 25 percent higher than the previous estimates. The Asia-Pacific region respond more to China by 17 percent of the total aircraft delivered worldwide in the next 20 years.

"Studies indicate that the segment of 30 to 90 seats, where Embraer acts, will be the backbone of the development of regional aviation in Asia" refers to the Brazilian company.

China accounts for 15 percent of invoicing of Embraer, the third largest market for the construction, right after the United States and the European Union.

The Brazilian company, Embraer aeronaútica, has since 2002 a joint-venture agreement to manufacture aircraft with Aviation Industries of China (AVIC II) in Harbin, in northern China.

The Sino-Brazilian partnership has already produced and delivered in China 20 aircraft and still has a portfolio of applications of 46 contracted aircraft.

Embraer company founded in 1969, manufactures commercial jets up to 120 seats and is one of the largest Brazilian exporters.

With headquarters in Sao Jose dos Campos in the state of Sao Paulo, the company maintains offices, industrial plants and workshops on customer service in Brazil, the United States, France, Portugal, China and Singapore

Tourism: Holy Spirit will invest 50 million in actual renovation of two hotels in Brazil



Sao Paulo, Brazil, February 21 - The Espirito Santo Tourism will invest 50 million in actual remodeling and renovation of its two hotels in Brazil, until 2011, said Tuesday in Sao Paulo a responsible person of the company.

In a meeting with the press, Miguel Rugeroni, president-executive of Espirito Santo Tourism, moved that the aim of the group is to control Portuguese ecoresorts four more in the northeast region of Brazil, in the next five years.

In San Francisco, the group recently leased the hotel Mofarrej, with 230 quarters, in the southern city, which will be closed from the day July 01 to work on remodeling, with the opening scheduled for January 2009.

According Miguel Rugeroni, the Portuguese group sought for two years a business opportunity in Sao Paulo, close to the rental of hotel Mofarrej for 20 years, whose value can not be disclosed "for contractual impediment."

The Sao Paulo Tivoli Gardens will be located in one of the most noble of the city, and close to Avenida Paulista, the "heart" financial and where large companies.

The Tivoli Ecoresort Praia do Forte, in the northern coastal state of Bahia, acquired by the group last year, will be a major reshuffle that will give "a taste of Brazil."

The win Ecoresort also a residential component, with the construction of 48 houses, four bedrooms, which will be sold for prices ranging from 350,000 to EUR 400,000 each.

Created there 75 years, the Tivoli network currently has 12 units of high standard in Portugal (Lisbon, Algarve, Porto, Coimbra and Madeira) and two in Brasi

Guinea-Bissau: Cape Verde air carrier, awaiting permission to direct flight Lisbon-Bissau

Bissau, Guinea-Bissau, February 21 - The Airline of Cape Verde (TACV) will conduct direct flights between Lisbon and the capital of Guinea-Bissau, Bissau, said Wednesday in Bissau director of marketing for the company, Anthony Socorro.

In statements to the Portuguese news agency Lusa, said Socorro missing only discuss some points related to the authorization of civil aviation of Guinea and Portugal since the TACV and civil aviation of Guinea-Bissau already have reached agreement.

According Antonio Socorro, TACV hopes to begin the flight, if the commitments to the 23 March

"In principle the connection will be made with a Boeing 737 or 757, with 140 and 185 seats, respectively," he said, for its part, the representative of the TACV in Guinea-Bissau, Euclides Marino Vieira.

The TACV started to make the connection between Bissau and Lisbon, via Sal, a 28 October 2007

Macao: Government launches tender for the construction of the advice light rail

government of Macao International selected seven companies to submit proposals to assist the first phase of the construction of the light rail that should be completed in 2011, it was announced Thursday.

With a length of 20 kilometres, the light rail to cost around 4.2 billion patacas (525 million dollars).

The Office for Infrastructure and Transport (GIT) of the government of Macao selected European companies Consulgal, Portugal, Egis Rail, France, Movares Nederland BV The Netherlands and the Setec of France.

The GIT also invited the CPG Corporation of Singapore, MRT Corporation of Hong Kong and Lea + Elliott of the United States.

The seven companies must submit by April 25 proposals to prepare the plan of action regarding the tender for the award of construction of the light rail that will assist the government in managing the project.

Set in 23 stations to connect the area das Portas do Cerco, the land border with mainland Chinese, and the area of the Pac On, on the island of Taipa, near the Macau International Airport, through the city centre, the first phase of light rail will be built in high shelf.

The light railway will operate in automatic form (without driver), you can achieve a rate of three minutes per station and, in each direction, will have a maximum capacity of transporting 152 thousand passengers a day.

Brazil: TAP flights will increase by 20 percent number of tourists in Minas Gerais




Belo Horizonte, Brazil, Feb. 13 - The flight of the Portuguese airline TAP between Lisbon and Belo Horizonte to increase by 20 percent the number of foreign tourists in the state of Minas Gerais, said Tuesday entrepreneurs in the sector.

The start of direct flight on Monday, has generated expectations among entrepreneurs in the sector of tourism, particularly the historic cities of Minas Gerais that preserve a heritage of Portuguese origin.

"Our expectations are the best possible because the Portuguese have a chance to learn the historic cities of Minas Gerais that are mainly Portuguese," said the Portuguese news agency Lusa the entrepreneur Carlos Teixeira Niquini.

Owner of the Solar do Rosario, a construction of the nineteenth century, in Ouro Preto, 90 kilometers from Belo Horizonte, Carlos Teixeira Niquini is completing a work of restoration of the hotel.

Currently, Minas Gerais, the third largest regional economy, behind only the states of Sao Paulo and Rio de Janeiro, exports around 100 million dollars per year to Portugal.

With the start of the new route, TAP is replaced by 65 weekly direct flights between Portugal and Brasilia, Sao Paulo, Rio de Janeiro, Natal, Recife, Salvador, Belo Horizonte and Fortaleza.

Brazil: Company of consulting company will open office in Cape Verde



Sao Paulo, Brazil, February 27 - The ABS, a Brazilian company, consulting business, will open an office in Cape Verde, announced Tuesday in Sao Paulo the vice president of the company.

Carlos Augusto Braghini said that the goal will expand the activities of the ABS in the country beyond the current advice to Electra, the electricity company of Cape Verde.

The operation in Cape Verde still will be responsible for the internationalization of the company in the markets of the Economic Community for the Development of West Africa (ECOWAS).

The focus of action of ABS is to increase the operational profits of companies, through the increase in physical volumes and profitability of sales or the better use of resources.

"Always is, and it will be possible to do more and better with fewer resources," refers to reported the executive of ABS, a company created in 1979, in Sao Paulo.

With more than 250 employees, the ABS has done work for consultancies for over a thousand companies in different sectors of the economy, in Brazil, Europe, Africa and Asia.

The ABS develops projects in Portugal, Spain, Denmark, France and Macao, to companies such as EDP, Portucel, TAP, OGMA, FIAT, among others


It is the Health, stupid! For Boaventura de Sousa Santos

Boaventura de Sousa SantosÉ tragedy, in Portugal if you are trying to destroy what the American people both aspires. More tragic is that, in this area, there since 2002, with the government of Mr Barroso, a poorly disguised continuity between the policies of the PSD and PS. Descartada the rhetoric, the objectives of the minister of health of Mr Barroso, Luís Filipe Pereira, and the former Minister Correia de Campos are the same.
Article of Boaventura de Sousa Santos published in Vision on February 14, 2008, available at Centre for Social Studies

It became famous the phrase "Is the economy, stupid", pronounced in 1992 by Bill Clinton to explain to Republicans the reasons for its election victory. It meant that the main concerns of the North American had to do with the state of the economy and how that is translated in their welfare. And why one of its election promises priority was the creation of a universal health system, which approached the health systems of Europe and Canada, which finished with the scandal, in the richest country in the world some 30 million citizens not having any protection in health. As is well known, large companies in the health industry (the hospital companies, insurance, pharmaceuticals and diagnostics) moved one of the most aggressive wars media that there are memory against "socialist medicine" of Clinton and the proposal dropped . Today is the 49 million North Americans without any protection. There is no public system except for the elderly, workers depend on the willingness of employers to aggregate the insurance to the employment contract and such availability is becoming increasingly scarce. It is therefore not by chance that the candidates of the Democratic Party, Barak Obama and Hilary Clinton, again put at the centre of its programmes electoral public funding for universal coverage means of health.

More than ironic it is tragic that in Portugal is trying to destroy what the American people both aspires. More tragic is that, in this area, there since 2002, with the government of Mr Barroso, a poorly disguised continuity between the policies of the PSD and PS. Descartada the rhetoric, the objectives of the minister of health of Mr Barroso, Luís Filipe Pereira, and the former Minister Correia de Campos are the same: privatize the public good health, transforming it into a lucrative sector of investment capital (as said Recently, a framework of a large company of health: "the more profitable business of health, only the business of arms"); transform the National Health Service on a residual system, technological and humanly descapitalizado, providing poor service, the people poor society; define efficiency in terms of cost and not in terms of clinical results (paroxismo led to the decision of former socialist minister to limit the increase in production surgery in hospitals not to increase their spending); eliminate any citizen participation in the formulation of health policies to impose quickly and dramatically three words of order: privatize, close, focus, promoting public-private partnerships in which all risks are borne by the state and the financial slippages not count as wasteful or inefficient (since one or the other is a unique public-sector).

The Correia de Campos, only to recognise the consistency. Since passing by the World Bank took up as coveiro the State Social, whether in health or social security. In the Commission's White Paper reform Social Security, which pertenci, noted with amazement that their allies on the committee were not the Socialists, were precisely Luís Filipe Pereira (shortly after that wanted to privatize health) and Bagão Felix (which, since always wanted to privatize social security). Someone remembers that the creation of the NHS in 1979 caused the abandonment by the CDS of the coalition claimed that the government of the socialist party? So, two one, or the PS abandoned their principles or Correia de Campos is in the wrong party? His recent resignation seems to point to the second option but the only concrete policy of the new Minister confirm whether or not this is actually not the first option.

For this first option does not confirm it is necessary that the actions of the government if paute by works and not by words, by the following principles.

The NHS is one of the main pillars of democracy Portuguese, and she should the huge gains in human development over the last thirty years; any setback in this area is an attack on democracy. The NHS is a decisive factor of the territorial administration of the country (the country does not end at 50 km from the coast). The NHS is a service funded by all, the service and managed according to the gains in health and in order to eliminate waste. In the criteria of efficiency, include the efficiency in the lives of patients whose punctual attendance is crucial not to miss a morning in a medical act that lasted 20 minutes.

It is urgent modernise the NHS to bring the citizens both in the delivery of care as in the management of services (participation of citizens and associations of patients in the implementation of the right to health should be encouraged). Promoting any cost the regime of exclusivity and end with a scandalous promiscuity between the public and private medicine to, for example, does not continue to accrue fabulous fortunes based on the waiting lists and the lack of equipment. Promoting stability and career, focusing on technological innovation and scientific and democratic access to the colleges of Medicine. Above all make clear the complementary nature of the private sector before the group's economic health (Group Mello, BES, LBW / GPS, CGD / HPP, etc.). Have enough power to themselves to define the public health policies and, therefore, to block any measures affecting their interest rates. When this happens they will be to say: "It is a health, stupid!", The health of their businesses, not the citizens stupid.

Portugal: Caixa Geral de Depositos allowed to open bank in Brazil

Brasilia, Brazil, 03 Mar - The Central Bank of Brazil approved Thursday that the state Portuguese group Caixa Geral de Depositos (CGD) open the Bank Caixa Geral - Brazil, according to a communique released at its website.

As reported, the bank announced that "the National Monetary Council approved for forwarding to (...) President of the Republic, draft presidential decree authorizing the participation of foreign capital in the Bank Caixa Geral - Brasil SA, in up to 100 percent" .

And states that after the publication of the presidential decree, the Bank Caixa Geral - Brazil is authorized to use foreign capital in the group Caixa Geral de Depositos and will be given continuity to the process of formation of the Bank Caixa Geral, still under study. "

The project of CGD for Brazil aims to monitor Portuguese companies in their business there, as well as the Portuguese emigrants and their investments in Portugal.

The Bank of Brazil had already accepted, for more than a year, the designation Bank Caixa Geral Brazil, proposed by CGD for the institution to be created in the country

Brazil: China contributed to the structural change of the Brazilian economy


Sao Paulo, Brazil, February 29 - China is one of the main responsible for the structural change of the Brazilian economy in recent years, said Thursday in Sao Paulo a former minister of the government of former President Fernando Henrique Cardoso.

The economist Luis Carlos Mendonça de Barros stressed that the Chinese growth resulted in an increase "unprecedented" in prices of agricultural products and minerals, such as soybeans and iron ore, benefiting the Brazilian exports.

The increase in the price of these products contributed to the accumulation of successive positive balances in the Brazilian trade balance in recent years, said the former minister, in a lecture held Wednesday at the Consulate General of Portugal in Sao Paulo.

"With the increase in trade balances, the Central Bank of Brazil increased their purchases of dollars and contributed to the increase in international reserves Brazil, in recent years," he said.

The result was that in January of this year, the monetary authorities announced that for the first time in history, reservations Brazilian outperformed the total external debt of the country.

Mendonça de Barros stressed that the economy lives "clearly a structural change", the result of a combination of policies implemented by former President Fernando Henrique (1994-2002), as reforms and privatisation, and maintained by the current president.

Mendonça de Barros, who was Minister of Communications of the government of Fernando Henrique, said that the unprecedented growth of the Chinese economy is creating a "new world and Brazil will ago
Recent and sad, events in Grémio Lisbonense made me think of how the political myopia often do not understand something that is essential: a city does not live only for offices, businesses, condominiums, trade. Vive, too, the dynamism of the culture that inspires.

The economic culture

Recent and sad, events in Grémio Lisbonense made me think of how the political myopia often do not understand something that is essential: a city does not live only for offices, businesses, condominiums, trade. Vive, too, the dynamism of the culture that inspires. A recent book, "The Warhol Economy," by Elizabeth Currid, shows how New York owes much to the fashion, art and music. One sector that is not as important economically as Wall Street, it is not far away. Andy Warhol showed how the art can be an economic engine, not just through things that are popular. It is the mixture of various "inputs" that the various creative (even financial) of a city is. It is not only a popular culture that is more important (after all why the Parque Mayer is, for example, more important than discussing the future and the present of the Botanical Garden - only for party-political reasons?). The cultural tolerance in New York has caused, for example, many of the tables there painted by formerly marginal farmers, were now works for investment insurance (see the collection Berardo). And that, Paolo Costa, look a little to this question?

The fascination of Europe

A study of Hill & Knowlton, on the aspirations of students of MBA courses, shows that 80% of them seeking opportunities in the old Europe. Against that seek 76% in North America and 30% in Asia. It is a curious number. Especially when apregoa both, in our scenes, the fascination for the American company.

Questionar Kosovo

The Americans never the hidden, in its glorious crusade against Serbia: the sooner Kosovo to be independent, so much the better. The European Union remains on the matter, to have the same policy that over the entry of Turkey in the community: the days pairs are in favour and the odds are against. But it seems that no one thinks of fire in the fuse that the independence of Kosovo may lead to a fire that could bring the whole of Europe on fire. Not admiraria that the Republica Srpska ask the independence of Bosnia-Herzegovina. That, with Russian support, Abkhazia and South Ossetia wants to get rid of Georgia. And that, more day, less day, the Corsica yelling independence against France or the Basque Country and Catalonia say they do not want as capital Madrid. The Americans say that the independence of Kosovo will bring stability to the Balkans. Gives desire to laugh, if the matter was not so serious. The Balkans have always been the hell European unity. And the independent Kosovo is an allegory: Need of the troops of NATO, to increase exports (which cover only 6% of imports) and solve unemployment (between 40 and 60%). In Portugal, of course, nobody repairs in the sensitivity of the issue. After all no longer lideramos the EU and the Treaty of Lisbon already reaches as glory?

Goodbye Henri

Died Henri Salvador, one of the great singers of the French language that began to discover in its last phase, in which interpreted themes of Benjamin Biolay or Karen Ann. I remember one, at random, beautiful: "J'ai Vu." Where sing: "J'ai Vu / Tant de tant de mers rivages / Tant of ciels of paysages / j'ai vu / Tant d'escales et tant de ports." I had 90 years. A life of nomadic. Because only a few have the privilege to have.

New concept of business

The record industry and, in some way, the film, continues to look under the bed your ghost, which call away "piracy". For them the evil industry is not the lack of new talent, the lack of multinationals on the new digital world. Não, são os “piratas”. The Midem 2008 showed that the problem of the sector, or downfalls vertiginosas sales of CDs each year, have to do with something simple: the publishers do not understand the world of the Internet and "download" free songs. Ted Cohen, who was the EMI and today is a consultant in this area, hit the nail on the head: "We must be different, not protect the music but monetarizá it, not harass consumers but serve them. Already it is not sharing music files but to discover the music. " Now there's a new definition of business in the global world of digitalization that some empedernidos in these and in other sectors, not yet realized

Profits of the Macao Telecommunications Company exceeding 660 million patacas in 2007

Profits of the Macao Telecommunications Company exceeding 660 million patacas in 2007 [


Director-General of the Macao Telecommunications Company (CTM), Vandy Poon, showed that the profits of the company in 2007 to be located in about 660 million patacas (82.5 million dollars) .

In a meeting with journalists, Vandy Poon said that the net profits of CTM rose 20 percent over 2006 when they reached 547 million patacas.

The head of the CTM also mentioned that the company has plans to invest over the next five years about 1.6 billion patacas (200 million dollars) in infrastructure and improvement of networks.

In 2007, CTM announced Tuesday in Macao invested 300 million patacas (37.5 million dollars).

Macau, which has four operators of mobile phones offering seven networks, has a penetration rate of around 148 per cent in a population of 530 thousand people.

At the end of December 2007 there were 178,013 fixed lines in Macao, 794,323 mobile phone numbers, including prepaid cards and 119,913 subscriptions to the Internet.

The Telecommunications Company of Macau has as partners the British Cable & Wireless with 51 percent of the capital, Portugal Telecom with 28 percent of the capital, CITIC Pacific with 20 percent and the Government of Macao with a percent

Banker: Santander Totta and CGD change according to Angola to get more local capita

The agreement between the Santander Totta and CGD for the management of Totta Angola is being restructured to accommodate greater participation of shareholders Angolans, said Tuesday in Lisbon the chairman of Santander Totta.

Nuno Amado, who spoke at the press conference to present the results of 2007 of Santander Totta, said the partnership agreement with the Caixa Geral de Depositos (CGD) for Angola began to be reconsidered at the end of last year.

The agreement between Angola to the Portuguese state bank and the bank Portuguese Spanish capital was announced in March 2006, the President of the CGD.

The project will involve the creation of a holding company, Portuguese law, which will assume control of the majority of the capital of the bank Totta Angola, which is held at 99.9 percent for Santander Totta.

The "holding company" would be created by Santander Totta and CGD came in the project through an increase in capital of this "holding" that at the end of the process, would be held in equal shares by the two banks.

Nuno Amado stressed that the original draft provided for the entry of 25 to 27 percent of Angolan capital in the bank, but that was "restructured" to accommodate the desire of the authorities in Luanda for greater participation.

"[The agreement] is virtually finished, at least for our part," said Amado, stressing that "the logic of the business remains."

The profit of the bank Santander Totta rose 20 percent last year, to 510.3 million, surpassing for the first time in the bar of 500 million euros

Moçambique: Consortium Portuguese-South African city of Maputo will clear


Maputo, Mozambique, February 14 - The consortium formed by companies Portuguese EGF and South African Neoquimica won the tender for cleaning of the urban area of Maputo, in the next 3 years, said Wednesday in Maputo the councillor for the area of Health.

In statements to the Portuguese news agency Lusa, the councillor John Shwalbach said that the grant provides for the placement by the consortium SFT / Neoquimica in the "zone of cement" of Maputo, "750 new containers in a new fleet of cars."

For cleaning the suburban area of the city, the competition was won by South African firm Environment Service, said Shwalbach.

The municipal authorities of Maputo expect "profound improvements" in the improvement of the Mozambican capital, which Shwalbach, produces about 1100 tonnes of waste per day.

The councillor for the area of the municipality of Maputo Health did not specify the amount involved in contracts with the consortia that will clean up Maputo, but said that will be deployed "millions of dollars".

The EGF, "sub-holding company of the group Waters of Portugal to the business of waste, already operates in Portugal, in partnership with 13 municipalities, systems multimunicipais of treatment and recovery of waste

Will Tome and Principe: Portuguese Pestana Group conducts flights "charter" for the archipelago


Portuguese group Pestana will perform between June and September flights "charter" weekly between Portugal and Sao Tome and Principe to monetize their investments tourism in the islands, said Friday in a Sao Tome responsible of the group.

In statements to Macauhub, the commercial director of the group in Sao Tome and Principe, Ricardo Rodrigues, said the air operation is the basis of a partnership with five established tourist operators Portuguese tourist, and the company EuroAtlantic which is responsible for providing the aircraft for the links.

Rodrigues said that the flights will have held on Monday from June 9 until next September 14 between Lisbon (Portugal) and São Tomé (Sao Tome and Principe) via a Boeing EuroAtlantic type of "757 to 200", with capacity to carry 190 passengers.

The group hopes Pestana put about two thousand tourists are in the territory-tomense through this operation to essencilamente monetize their investments in the tourist archipelago estimated at more than 35 million dollars in ventures hoteliers in management and in construction.

Having argued that the initiative is also as a way to avoid shortage of flights that is recorded in the summer season in the islands because of the holiday period, Ricardo Rodrigues stressed that "the group Pestana stands to gain as well as the country itself."

In addition to a hotel in construction of five stars of 115 rooms, whose inauguration it is expected to next June, the group has a hotel unit of four stars in the city of Sao Tome, with 65 rooms, which joins the management of a another four stars with 70 fours, located on the island of Rolas, 100 kilometres from the capital of São Tomé

Within areas of links between Portugal and Sao Tome and Principe, the Portuguese airline TAP, which has the monopoly of the route in the archipelago, a period of live competition as a result of this initiative the group Pestana

Central Beers and Escom invest in the breweries

Central de Cervejas e a Escom, do grupo Espírito Santo, vão investir até 200 milhões de euros na construção de duas a três fábricas de cerveja em Angola, anunciou sexta-feira em Lisboa o administrador da empresa cervejeira.

Alberto da Ponte, who was speaking in Lisbon at the conference "The Internationalization of Angolan Economy: Challenges and Opportunities", said that the locations planned in the project, contratualizado between the parties in December last year, are Luanda, Malanje and Lobito / Benguela.

O principal concorrente da Central de Cervejas em Portugal, a Unicer, tem vindo a adiar sucessivamente o seu projecto de investimento em Angola, um mercado que os estudos de mercado indicam ter um grande potencial de crescimento e que deverá representar já níveis de consumo equivalentes aos de Portugal (600 million litres per year).

For Alberto da Ponte, the investment is the "second phase of a long way in Angola", which began decades with the export of Sagres and now by an unsuccessful partnership with the largest brewer Angolan, Cuca.

The factories to install in Angola will have a production capacity of between 120 thousand and 150 thousand liters annually, about 15 percent of consumption in the Angolan market.

The company responsible for the investment of Angolan law, will be held by the Central Beers and the Escom, with the remaining shares reserved Angolan partners to identify.
The shortage of labour-qualified in Angola, absorbed by the industry and the financial sector, requires that investors reflects their specific needs, particularly through training plans, before addressing the market, experts warn.

"The number of Angolans who leave each year the universities with their studies is not yet finished the needs of the market and this is a vital matter. Confident, however, that this shortage is already tackled within five or six years," says Joao Martins Tojo, senior consultant of consultant KPMG Angola, a supplement devoted to the country recently published in Lisbon by the newspaper Economic Daily.

O assunto tem merecido a atenção de diversos investigadores económicos angolanos, com alguns a afirmarem mesmo que a escassez de mão-de-obra qualificada pode pôr em causa os objectivos de crescimento da economia não-petrolífera; preocupado com a situação, o governo angolano tem Welcome to accelerate the adoption of higher education establishments across the country.

"While there are many Angolans qualified, so there is simply not in sufficient numbers due to the expansion of the market, and that there are captured by pujantes most sectors, especially the oil and financial," states the same responsibility of KPMG.

The view is shared by Emídio Pinheiro, president of the Banco Fomento Angola, the Portuguese group BPI, currently one of the leaders of private banking in the African country.

"While there are still serious limitations in terms of training tables, no doubt to offer opportunities," hiring and training on the job, said Pinheiro.

In an experience that feels good, the manager states that currently close to 65 per cent of employees in private bank have university studies.

"A proper attitude is coming to this country with experience and determination, and, of course, bringing the best tables directors of the company has, because it is a market demanding in terms of management capacity. Generally, when has this ability , the experience is good, "says the manager Portuguese in that publication.

Bayan Carlos Ferreira, president of the Chamber of Commerce and Industry Portugal-Angola, qualifies that the issue of lack of training of labour-as "the greatest" of the current problems of the Angolan economy.

"No entanto, qualquer carência se converte em Angola numa oportunidade, e este factor não é uma excepção. As empresas e instituições dedicadas à formação de recursos humanos têm em Angola um mercado interessantíssimo, já que há uma necessidade urgente para cobrir nesse terreno", advance the Portuguese manager, part of Galp Energia, in the same separate the Economic Daily.

Likewise, identifies the lack of infrastructure a weakness, but also a wealth of opportunities for companies Angolan and international.

"This shortage can be interpreted in terms of opportunity for companies that branch. A branch where, despite the presence China, Portugal continues to be responsible for most emblematic works, such as the headquarters of Sonangol, the work of the consortium between Soares da Costa and Mota-Engil, "says Bayan Ferreira.

Another recommendation given by the experts to investors interested in the Angolan market is that to do so in partnership with local players.

"Apesar de não ser obrigatório investir dessa forma, continua a ser a melhor maneira de uma empresa se adaptar ao mercado angolano e de obter ajudas, quer por parte de ambos os governos, quer por parte das instituições financeiras dos dois países. Isto permite às companies see their investments in the medium and long term, or to stay, "refers Bayan Carlos Ferreira.

For the chairman of the Chamber of Commerce, it is important that the investor brings "a draft long-term", since the difficulties - the level of infrastructure and public administration - "ask some patience."

"Angola é um país rico e isso traz consigo certezas tranquilizadoras. Não tem graves problemas financeiros, como prova o facto de pôr em causa diversas condições do Banco Mundial e do Fundo Monetário Internacional, quando julga ser conveniente. Tem uma autonomia internacional não absoluta, but significant. Reserve monetary closed 2007 with about 12 billion dollars. This is a guarantee at the time of doing business in Angola, especially in regard to payments and this figure differs from other African countries Angola, "says Bayan Ferreira.

Paul de Sousa, president of KPMG Angola, says that even Brazilian and Portuguese investors have in relation to other latitudes of the strategic advantage of sharing the same language of the Angolan people.

"O melhor modo de entrar no mercado angolano é através de uma parceria com um aliado angolano. Por isso, a formação dessas parcerias é potencialmente muito mais simples quando existe uma língua comum", refere o analista, que considera os portugueses os investidores à partida better positioned to address the market.

"Mesmo que ainda haja aspectos históricos que nalgum caso possam jogar contra, o balanço é enormemente favorável aos portugueses no que respeita à ligação cultural e linguística com Angola. Só falta ter humildade e pragmatismo no que a essa relação diz respeito", afirma Paul de Sousa.

As to the advantage of betting in Angola - which this year is at the top of forecasts world economic growth - analysts show also be in line.

"There is no doubt that Zimbabwe is filled with opportunities, but may not discuss the very significant incentives that the government is offering to anyone become established in the country, especially in certain priority sectors. In Luanda can enjoy it an exemption from taxes for eight years. other provinces, this exemption extends to the fifteen, which represents an attractive very substantial, "says Paul de Sousa.

"While it is clear that this is not an easy place to do business and that there are logistical difficulties and bureaucratic," states the main responsibility of KPMG Angola, "the fact remains that the opportunities are immense," with economic activities, all kinds to create, and others where the level of competition is low.

For the fourth consecutive year, the Angolan economy grew in 2007 above the average of the countries of Africa Development Community (SADC), driven by public and private investment, and the increased activity, particularly in the extractive industries of oil and diamonds.

Bayan Carlos Ferreira sees even in Angola an economic power in training, which begins to show its capabilities also as investor abroad.

"We note is the capability of Angola in the internationalization of their own companies, such as Sonangol, which already participates in the capital of major financial companies and energy Portuguese. Over the next twenty years, Angola will be an example of growth for the world. will be unstoppable, "says the manager Portuguese.
Ngola: Projects Portuguese in value above 370 million euros waiting for new line of credit [\

Lisbon, Portugal, February 20 - Planned Portuguese investment in Angola, which total 370 million euros, are to wait for a new line of credit between the two countries, said Tuesday in Lisbon, the chairman of the Insurance Company Credits (COSEC).

Gomes da Costa, who spoke to the Portuguese news agency Lusa during a seminar sponsored by the Chamber of Commerce and Industry Portugal-Angola (CCIPA), added that the solution is a political decision of the governments in Lisbon and Luanda.

The previous credit lines, one for 100 million euros and the second of 300 million, are already sold out.

The growth of the Angolan economy explains that situation, in 2006 after the Portuguese exports to Angola has increased almost 50 percent, until November 2007.

The line of credit of 300 million euros, announced during the visit that the Portuguese Prime Minister Jose Socrates made in April 2006 to Angola, was exhausted in December of that year.

The president of COSEC also said that according to the rules defined by the line of credit, approval of the projects was made according to priorities set by Angola.

"Any expansion (of the line of credit of 300 million euros) will work within these lines," he added.

Gomes da Costa stressed, moreover, that beyond the Portuguese projects awaiting for a new line of credit, the very Ministry of Finance of Angola so already, on its website, more investment projects, which total 170 million euros
Petrol and diesel have never been so expensive
Prices January achieve maximum. Euro and oil also touch the ceiling.

Margarida Peixoto

Never the dollar was so cheap for Europeans. With just one euro, it is possible to buy a dollar and a half - a milestone that had never been reached, since the single currency was created in January 1999. And as the trend of appreciation of the euro against the currency of the largest economy in the world is to remain at least until the third quarter of this year, the consequences came to stay. Import of the United States will continue to be cheaper, but also will make exporting more difficult.

"We believe that the euro will continue to highlight this year," states Howard Archer, the Global Insight economist, the Economic Daily. "In April a euro should assert 1.55 US dollars," estimates, stressing that this recovery is "mainly a matter of weakness of the American economy". While the American economy does not signs of recovery - and as economists and investors do not foresee a drop in interest rates in the euro area before June this year - the dollar will continue devalued, bringing both positive and negative consequences for the two sides of the Atlantic.

First, European products lose competitiveness against the Americans (as they become cheaper), which hampers exports to the United States and the countries that operate in euros. "Companies in the euro area become less competitive in its home market of the products imported from the United States or countries that operate in dollars," says Howard Archer yet.

Moreover, entrepreneurs have the advantage of having a shield to rising oil prices. All because the euro has been practically value in the same proportion of the increase in barrel of crude. "In dollars, the oil rewarded 3.5% since January, but the rise in euro was only 0.8%," notes Rui Constantino, chief economist of Santander. According to the calculations of the economist, a barrel of oil cost 64.48 euros at the end of 2007 and now costs 64.99 - an increase insignificant.

But if the price of the barrel remains protected, the petrol bombs in the Portuguese never been so expensive. "Nevertheless, the increase in dollars is the reason for gasolineiras rising fuel prices", referred Pedro Lino, economist and president of Broker Chng. In Portugal, unleaded petrol and diesel last month reached the highest since the liberalisation of the market (in 2004), plus 3% in the price of the liter, according to the Directorate General of Geology and Energy.

At the time of investing in North American territory, or any other country that is linked to the dollar, Europeans stand to gain from the fall of that currency, as will be cheaper. The downside is that attract investments to the euro zone also becomes more complicated "because, for businesses and foreign investors, it is more expensive," recalls Howard Archer. Tourism is another sector affected: the trips to the countries associated with the dollar are cheaper, but attract tourists to the euro zone becomes a more difficult task.


Weakness American guarantees strong euro
"The main reason for this particular recovery of the euro against the dollar was the disclosure of the index of consumer confidence North American," argues Katrin Robeck, economist of Moodys Economy.com, the Economic Daily. "Caiu much January to February, more than expected," justified. Proof that the appreciation of the euro against the dollar is a reflection of the weakness of the American economy is the loss of value of green notes to other currencies besides the single currency. "The USA dollar is also hitting minimum against other currencies," notes the economist. Desvalorizou against the yen (one US dollars yesterday bought 106.35 yen, instead of 107.28) and reached a minimum 23 years before the dollar in New Zealand.

Moreover, the latest indicators of the North American economy - as a drop in the price of homes and resales divulgas this week - led the chairman of the Federal Reserve, Ben Bernanke, to give back signs that are willing to cut back the interest rates. "We hope that the Fed cut interest at 0.5 percentage points more, to 2.5% at the end of April," Howard Archer defends. If the fall happens, means a reduction of 2.25 percentage points since September last year - a clear indicator of the severity of the slowdown in the United States
Mozambique: Hydro of Cahora Bassa can advance in three years the payment of debt


Beira, Mozambique, February 15 - The Hidroeléctrica de Cahora Bassa (HCB) could pay off sooner than anticipated the debt contracted to take a majority shareholder, said in Beira the Chairman of the Board of Directors of the company.

In statements to the newspaper Diario de Mozambique, Paulo Muxanga said, to keep the current financial performance of the company, the deadline for payment of the debt may be reduced from ten to seven years.

The change of shareholding structure in favor of Mozambique involved the payment to Portugal of 950 million dollars, 250 million of which were paid after the signing of their agreement on 31 October 2006 in Maputo.

The second "tranche" of 700 million dollars was financed by a consortium consisting of the Portuguese bank BPI and the French Calyon.

The agreement on the HCB has resulted in Mozambique it with 85 percent of the shares, as well as its effective management, reducing Portugal its participation to 15 percent (previously, Mozambique controlled 18 percent of the venture and Portugal 82 percent) .

Meanwhile, a team of Canadian firm Manitoba Hydro - the fourth largest company in the sector in Canada - hired to manage the operations of HCB and give technical advice, conducted last week examination of the venture, which ended with positive note

Luanda and Lisbon sign agreement on protection of investments

Luanda, Angola, on February 25 - Portugal and Angola signed Friday in Luanda an agreement on "promotion and reciprocal protection" of investments with the aim of "encouraging" business initiatives in both countries.

The agreement was signed by the Ministers of Foreign Affairs of Angola, Joao Miranda, and Foreign Affairs of Portugal, Luis Amado during the visit that the minister made the Portuguese Angola.

The agreement has application in investments "of a party to the territory of the other" upon entry into force, remaining investments before under the terms then in effect.

With 16 articles in four chapters, this agreement sets out rules for which investments will be seen, from the "compensation for losses" to the terms in which they are executed as "expropriation", "consultation", "review" or a "life and denunciation "of the same.

The document enter into force 30 days after the last date of receipt of notification, in writing and through diplomatic channels, that were met all the requirements of domestic law of both parties needed for the purpose, referred to in Article 14 of the text.

The agreement will remain in force for successive periods of 10 years, automatically renewable.
Cape Verde: Portugal help in the process of enlargement of the continental shelf


Cidade da Praia, Cape Verde, 06 Feb - Portugal is helping Cape Verde to prepare the request for extension of the continental shelf of the archipelago, which must be submitted to the United Nations by May of 2009, according reported Tuesday the Portuguese news agency .

A team of specialists Portuguese, led by the coordinator of the structure of Mission for Extension of Continental Platform (EMEPC) of Portugal, Manuel Pinto de Abreu, ended Monday in the capital Cape Verdean a marathon of meetings with Cape Verdean responsible for Cape Verde to help prepare a proposal to extend the shelf beyond 200 miles.

"Portugal provided for the EMEPC together examine the possibilities of extending the platform of Cape Verde and evaluate the resources that are needed mobilize," explained Manuel Pinto de Abreu.

The specialist Portuguese admitted that one of the advantages of enlargement may be in increasing the chances of being found oil in the jurisdiction of Cape Verdean.

Pinto de Abreu further considered that Cape Verde has "good evidence" that this extension can be accepted by the UN, leading to the archipelago to manage and exploit natural resources of an area increased.

According Pinto de Abreu is not under discussion at this time, the size of the extension of the continental shelf beyond the current 200 (1609), but we can not quantify resources are concerned that without such a search same resources.

The government of Cape Verde has in the past year the Intergovernmental Committee for the Platform Continental but it only met once.

The Commission Cape Verdean has until May 13, 2009 to submit to the United Nations a proposal for extension of the continental shelf and the justifications for the request
Brazil: Recovery of the international business of real prejudice Marcopolo


Sao Paulo, Brazil, Feb. 26 - A manufacturer of bodywork Marcopolo closed 2007 with a net profit of 132 million reais, an annual increase of 9.5 percent and a turnover of 2129 million reais, advised the company on notice.

Despite the growth of the billing (plus 21.6 percent), sales in foreign markets were hampered by the recovery of the Brazilian currency, the company exported fewer bodywork, obtained less revenue and been forced to reduce the margins.

World production of the company in financial year 2007 was 17,807 units against 14,824 units in 2006.

In 2007, the units abroad produced 3,866 units against 4,249 units in the previous year and with the exception of South Africa, units in Portugal, Mexico and Colombia produced less in 2007.

Currently, Marcopolo is the largest manufacturer of bodywork in Latin America and one of the three largest in the world in the sector, with factories in Brazil, Portugal, South Africa, Mexico and Colombia.

The Brazilian unit of the group in Coimbra, Portugal, has a production capacity that currently around 230 units per year buses, and its production exported to European countries, notably Spain, Greece, France, England and the Netherlands

Portugal: Autoeuropa VW Eos will export to CHINA

Lisbon, Portugal, February 14 - The Autoeuropa, a company producing automotive Vokswagen located in Portugal, will start to export part of its production of VW Eos to China, Brazil and Mexico, in Lisbon informed the Official Business.

The newspaper states that sales to China could begin in the first half of the year while for Brazil and Mexico should occur only from the second half.

The volumes of production specific to these three countries are yet to be determined.

However, be sure to take the Eos to China and to Brazil is of particular importance, given the size of these countries on the one hand and the fact that last year have not received any vehicle from the factory of Palmela.
Portugal: Portuguese economy grew 1.9 per cent in 2007 [


Portuguese economy grew 1.9 per cent last year, recording the highest rate of annual growth since 2001, according to data released Thursday in Lisbon by the National Institute of Statistics (INE).

In the Quick Estimates of Gross Domestic Product (GDP), the INE says that the growth of the Portuguese economy has reached 2 percent in the fourth quarter of last year, compared with same period in 2006.

This development represents an acceleration of 0.3 percentage points the rate of growth compared with the 1.7 per cent registered in terms counterparts, in the third quarter of 2007.

In annual terms, the growth rate of 1.9 percent reflects an acceleration of 0.6 percentage points compared to the registered in 2006

Brazil: Portuguese EDP subsidiary of the group company creates for renewable energy in South America

Sao Paulo, Brazil, February 27 - The Energies of Brazil just created a Enernova, a company that meet in South America the ventures of the group in the renewable energy sector, said Tuesday in Sao Paulo its chairman.

In the press conference, Pita António de Abreu said that in Brazil there is a great potential for production based on renewable sources and added that it be Energies of Brazil will focus its growth.

The Enernova will reach a production target of 1000 MW of electricity from small dams, factories, biomass, sugar cane and wind farms by 2012.

Pita de Abreu stressed that the Enernova will have close cooperation with a unit of renewable group of EDP - Energias de Portugal (EDP Renewable), group that is already the fourth largest world producer of wind energy.

EDP Renewable has in operation around 3600 MW in wind farms in Portugal, Spain, France, the United States and Poland.

The new business unit has shareholder participation of EDP Renewable (55 percent) and the energies of Brazil (45 percent).

The Enernova is the first business unit created by a tram operator in Brazil dedicated exclusively to renewable energy by starting a business with a portfolio of 12 small hydroelectric plants located in the states of Mato Grosso do Sul, Espirito Santo, bringing together 130 megawatts of capacity installed, in addition to other 29 megawatts under construction.

The Energias do Brasil is a holding company controlled by EDP - Energias de Portugal companies that controls the production, distribution (Bandeirante, Enersul and Escelsa) and marketing (Enertrade) of energy

Portugal: Portuguese Construction will repair roads in the city of Praia, Cape Verde

The construction Portuguese MSF - Moniz of Maia, Serra and Fortunato - Contractors announced Friday in Lisbon have won the repair of the road network in the city of Praia, capital of Cape Verde, a contract of 11.3 million.

The contract with the Ministry of Infrastructure and Transport Cape Verde includes the rehabilitation of the national road of the Old City, the road Prainha, Paths of the Plateau "and asfaltagem in Rua da Fazenda, in Praia, island of Santiago.

The works are already underway and have the time of completion January 2009.

Ongoing since January are the works of earthmoving Bicuda point of the venture, which should be completed by June.

This work, valued at 1.76 million, has as a client Vilas Ocean - Society of Tourist Development.

The MSF began operating in Cape Verde in 1997, and formed the company in 2002, right MSF Cape Verde Cape Verde, based in the city of Mindelo.

The Cape Verdean subsidiary has been responsible for projects of construction and reconstruction of roads, airports and industrial infrastructure.

The Portuguese construction is still present in African countries such as Angola, Sao Tome and Principe, Equatorial Guinea, Namibia, Ghana and Senega
Brazil: Trade with Portugal grew 59.5 percent in January [2008-02-26]


Brasilia, Brazil, Feb. 26 - The trade between Brazil and Portugal grew 59.5 percent in January compared to the month counterpart of 2007, according to data released in Brasilia by the Ministry of Development, Industry and Foreign Trade (MDIC).

In the period, the two countries registered trade valued at 201.6 million dollars, with Portugal to have sold 3.1 million dollars (76.5 percent more) and Brazil has exported products valued at 168.5 millions of dollars (plus 56.6 percent).

Although the percentage growth in the month was greater in Portuguese exports to Brazil, in absolute terms the Brazil sold more, which means that the imbalance of Luso-Brazilian trade balance continues to worsen in favor of Brazil.

Brazil exported to Portugal basic products, such as oil or iron ore, and oil imported mainly from Portugal and cod
Portugal: Portuguese Pharmaceuticals Hovione purchase Chinese company [2008-02-28]


Loures, Portugal, February 28 - A pharmaceutical company Portuguese Hovione announced Wednesday in Loures Tuesday invested 20 million dollars in acquisition of a 75 percent of Zhejiang Hisyn Pharmaceutical, a Chinese company in the chemicals sector and pharmacist.

The deal puts in the hands of the Portuguese group a center of research in Shanghai and a factory with 22 thousand square meters installed in a land with 10 hectares located in Zhejiang, coastal province adjacent to Shanghai.

According to Hovione, a Chinese company already worked with the group, providing raw materials.

"This investment is aimed not only access to a cost structure of production and context much more competitive, which will allow us to consolidate our position in the market, but also act as a platform to enter into new emerging markets, such as China , India and Brazil, where the price factor is decisive, "said the administrator's financial Hovione, Miguel Calado.

Also this year should be completed the process of doubling the capacity at the Chinese plant, which is estimated at six million dollars.

In Portugal, Hovione is installed in Loures and abroad account with a pharmaceutical factories in Macao and the United States of America.

The group has 625 employees and in 2006 its volume of business was 70 million euros
The PT Innovation, a subsidiary of Portugal Telecom, will install a production unit of software in Brazil and form a company in Luanda, informed the company on notice.

According to the release, Zeinal Bava, vice president of Portugal Telecom and also chairman of the Board of SL Innovation, announced in a meeting that brought together, in Aveiro, all the employees of the technology of the group, that the opening of a business in Luanda is intended to give support to the operations of the group on the African continent.

"Almost three percent of the world market of mobile communications made through the pre-paid pass through the platforms PT Innovation," said Zeinal Bava, stating that "every second during the 24 hours of the day, the company's systems process tarifam and 2,130 events. "

The PT Innovation was formed in May 1999 and has as main activity ensure the innovation process of Portugal Telecom companies and subsidiaries ( "the Portugal Telecom Group") by providing services to them.

STOCK MARKET

Profit of EDP should have fallen 1.9% in 2007
The profit of EDP - Energias de Portugal should have fallen 1.9 per cent last year, compared with 2006, to 923.7 million euros, according to the average estimates of analysts contacted by the agency Lusa.
Official Business with Lusa


The profit of EDP - Energias de Portugal should have fallen 1.9 per cent last year, compared with 2006, to 923.7 million euros, according to the average estimates of analysts contacted by the agency Lusa.

Forecasts point to a profit of between 868 million euros expected by Banif and 943 million euros provided by JP Morgan.

Estimates for the EBITDA (earnings before taxes, depreciation, interest and depreciation) range from between 2557 million euros expected by Banif and 2712 million euros provided by JP Morgan.

Analysts expect that the results of the EDP are influenced by two main factors: the sale of REN's participation in the restructuring plan the company. The sale of the participation of REN, which only now will be counted, should have a positive impact of 200 to 220 million euros in the results, according to estimates from analysts.

In contrast, the results will be affected between 100 and 150 million euros by the anticipation of the objectives of restructuring in the sector of distribution.

EDP had a restructuring plan that included the early retirement of 1,100 workers by 2010, but decided achieve much of this plan, with the retirement of some 500 workers, in the last quarter of last year, explains the analyst of Banif.

Another negative impact on expected results of the business of distribution is the decline of tariffs, decided in October by ERSE, coupled with rising prices in the "pool". These factors are negative for the accounts of EDP, in the short term, although the tariff deficit is recovered in the next few years, via charge by the EDP.

Analysts still expect the continuation of the growth of the business of renewable, Brazil and gas in the Iberian Peninsula, particularly in Spain.

EDP announcing the annual results on Thursday after the closing of the stock market.

Volkswagen Automobile takes control of the manufacturer of heavy Swedish Scania

Frankfurt, Germany, 03 Mar (Lusa) - The German manufacturer Volkswagen will take control of the manufacturer of heavy Swedish Scania, having reached agreement with the Wallenberg family, announced today the German group

The German manufacturer, which already was the first shareholder in Scania, reached an agreement with Investor AB, controlled by the Wallenberg and foundations belonging to the family, to acquire their shares in Scania.

Volkswagen accepted pay 200 Swedish kronor (21.35 euros) per share, according to a release, the amount involved in the purchase thus reach around 2.87 billion euros.

The group of Wolfsburg (northern Germany) will hold 68.60 percent of the voting rights, against 37.98 by far, and sees its share rising from 20.89 to 37.73 percent of the capital.

For several months that the VW demand increase its voting rights in Scania, as was done at MAN, the conglomerate that manufactures heavy and that Volkswagen is the first shareholder.

A MAN announced in December that their rights of votes in Scania were 17 percent.

At the end of 2006, the MAN tried to take control of Scania, without success for lack of agreement from several shareholders, including Volkswagen.

Since then, The Volskwagen had called themselves the resolution of the matter, working for several months within a friendly solution to achieve a rapprochement between the two groups.

The announcement of the purchase of shares in Scania by the Volkswagen was greeted by MAN, which believes there now "better conditions for the desired cooperation with Scania and activities lorries of VW"

Warren Buffett

The builder of sports cars will, soon, controlling a real empire valued at 150 billion euros. Within the empire find brands such as Volkswagen, Audi, Bentley, Lamborghini or Scania


Other titles:

-- "Medvedev maintains posture of Putin. Despite having a new president, Russia will retain its position on the supply of gas to Ukraine, which was again cut. Several demonstrators, opponents of the regime, were arrested in Moscow Monday;

-- "Dollar back down." There are "recession" in the United States, said one of the best known and richest investors in the world, Warren Buffett

USA: ISM industry backs to 48.1% in February

The ISM index for the manufacturing activity in the United States fell to levels that indicate contraction according to the Institute for Supply Management (ISM).

The indicator that collects feedback from managers of shopping back to 48.1%, against 50.5% in January. A reading below 50 indicates contraction in activity, according agreed among economists.

It is the second time in three months that the ISM's manufacturing backs to levels that indicate a contraction in activity, which is now a minimum of 5 years.

According to the ISM report for the manufacturing sector, a component of new orders fell to 49.1, compared with 49.5% in January, while the indicator on production fell to 50.7%, compared to 55.2 January

OPTION FOR CHILDEREN

Commissions for the Protection of Minors have opened 1,800 cases
The committees for the protection of children of the district of Leiria have hands on 1,800 cases of children in situations of risk. Abandonment school and poverty are two of the problems identified in the evaluation procedures.
The Assistant Secretary of State and Rehabilitation, Idália Moniz, in Leiria revealed yesterday that the 16 committees for the protection of children in the district have opened 1,800 cases involving children at risk.
According Idália Moniz, these processes are "connected with the school and with situations of poverty." The Committees for the Protection of Minors, acresctnou, are working so that solutions can be found. "The committees have a very important role in fighting that kind of situation, but, as you know, the processes are complex," said the secretary of state, in the School of Education (ESE) from Leiria, on the sidelines of a meeting of work between the technical committee of children of the district and Armando Leandro, chairman of the National Commission for the Protection of Children and Young People at Risk (CNPCJR)
This third round of meetings between the national committee and the district committees is explained by the Secretary of State as a form of the technicians transmit their concerns and together reflect on concrete solutions. After the strengthening of the technical committees occurred last year, the Secretary of State said that the work has to be directed to a change in the fight against leaving school.
According to the responsible, last year the committees that prevented more than 20 thousand children have left the school. A phenomenon that is being overtaken by the negligence of children from families destruturadas. "It is good that people understand that the skills of children is increasingly important in the future, but the reality is that neglect has triggered," he added Idália Moniz.
To fight the school failure, the Secretary of State stressed the importance of the figure of the teacher-coach, who spends part of his time to support the commission on protection of minors.
By the end of 2010, the Secretary of State wants all the committees to have a smaller teacher-tutor.
In this context, the responsible advocates also a "greater" coordination between the local authorities and private institutions of social solidarity, a fight for "more effective" at-risk situations, which in most cases are associated with poverty.

Opinion of children

At the end of the meeting between responsible for the commission, held a period to allow the students of the School EB2, 3 Rainha Santa Isabel, questioning the secretary of state on the future professional.
Idália Moniz was touched by the proposal of one of the students, challenging public bodies to assist students to define the future in terms professionals to avoid that decisions are taken without due consideration. "The opinion of the students is important and the proposal is interesting, therefore we are prepared to cooperate," stressed, advocating the importance of youth participation in committees extended, to speak of "live voice" on the problems that afectam.

subscription, via Internet, the scheme Public Capitalisation (PRC), better known as the PPR of the state.

Since yesterday, which is available for subscription, via Internet, the scheme Public Capitalisation (PRC), better known as the PPR of the state.



The rules are different from those applied to private retirement savings plans and has led the insurance companies to threaten to complain in Brussels for breach of competition law. Most of these differences is that the rents allow PPR public life to death of the beneficiary and not just limited to the amount of investment.

Adherence to these certificates of reform is relatively simple (see support) and can be done by any worker who desconte to one of the social protection schemes compulsory. The participant can choose to make a monthly contribution of two or four percent or six percent if you have fifty years or more.

The provision is calculated for the monthly salary, but is not, in any case retained by the employer. The only form of payment is by direct debit to the account of the employee until the day 8 of each month.

The PRC does not allow resgates advance but allow suspensions to the contribution in certain situations, such as unemployment or disability. The participant may, at any time, see the value in your account through Social Security Direct (www.seg-social.pt).

The great advantage of PPR public arrives at the time of receiving the supplement. At this point, the participant can choose to transfer the certificates of reform to the spouse or to their children, redeem the entire investment or choose to receive fixed monthly benefits.

In the latter case, benefits are determined by taking into account the amount accumulated in average life expectancy in force. However, if the average life expectancy for, for example, 75 years, and adherent live beyond that age will receive the supplement, as the PPR. Even if this implies that the cumulative amount is exceeded.

"This is an incentive for savings and not of a system whose goal is profit," explained the Morning Post source from the Ministry of Labour, adiantando that the State chose to apply here "philosophy of social solidarity." Thus, if a member dies three years after it started receiving the supplement, the remainder not revert to the heirs, but to compensate for the payments to those who exceed the average life expectancy.

THE VARIOUS STEPS TO JOIN THE SCHEME OF PUBLIC KORIščENJE

HOW TO JOIN?

The worker must complete two forms: a request to join the scheme and allow the direct debit account of the provision.

WHERE TO SUBSCRIBE?

The accession can be made on net (www.seg-social.pt), the services of care of Social Security or through the phone line 808020020.

WHO PAID?

The monthly payment is made by the employee member, by direct debit bank account, and never by the employer.

PAID FOR?

The participant can choose to make a contribution of 2% or 4% of your salary. If you have 50 years or more the discount is 6%.

BY How long?

The minimum subscription period is 12 months, after which the renewal is automatic, unless the participant der indicated.

AMENDMENT PERMITTED?

A participant who has opted for a rate of 2% can increase it to 4% but only at the time of renewal of membership.

FEATURES

-- The suspension of contributions can be made in case of unemployment in the member, unable to work for more than 30 days, because of disability or by expresses willingness on the part of the employee.

-- In case of absolute invalidity, the obligation to contribute ceased, but the participant can choose to keep the capital under the accumulation so far to receive a pension in old age.

-- If in any month the worker does not complete the payment of the contribution the accumulated capital is not capitalized. The costs involved in the regularization of the account are € 0.50 for each infringement.

-- The participant is required to redeem the capital accumulated when the amount set for the monthly income is less than 2.5% of Indexante of Social Support, or if the monthly for less than 10.18 euros.

ADVANTAGES

-- At the end of discounts (in general, the retirement age), the beneficiary may choose to transfer the capital to the certificate of reform of the spouse or the children.

-- In the event of unemployment, contributions can be suspended. The same is true in case of disability.

-- The PRC can not be pledged property in any case.

-- The accession does not mean the payment of any commission or management of subscription to the State.

DISADVANTAGES

-- The deduction for investment in a collection by the Certificate of reform is only 20 percent of the contributions made to a maximum of 350 euros.

-- Are not allowed resgates advance of the value.

-- If you choose to receive the values in monthly instalments and die after the third year the remaining amount not revert to the heirs.

-- The savings is limited to a percentage of salary rather than an amount at the option of acceding.

Oil: OPEC ministers in Vienna, production should remain unchanged

Oil: OPEC ministers in Vienna, production should remain unchanged

Vienna, 04 Mar (Lusa) - The ministers of the 13 countries of OPEC began Monday to reach Vienna, the two days of a meeting during which should keep oil production unchanged, although it can not be excluded a reduction.



"I do not think that we have to play for now" in the production, said Choukri Ghanem, chairman of the national oil company Libyan, who is also Minister of Petroleum.

The production of the cartel is officially set at 29.67 million barrels a day for 12 countries submitted to the system of quotas (Iraq is excluded).

Without speak clearly about what OPEC will do Wednesday, the Energy minister of Qatar, Abdullah al-Attiyah, contacted by telephone, argued that the market was "well supplied" and that there was "considerable need for oil ".

For its part, his Algerian counterpart, Chakib Khelil, President of OPEC, has not excluded that the cartel restricting the production: said on arrival in Austrian capital that OPEC would choose between "a maintenance or a low" production.

On arrival in Vienna, the minister kuwaitiano settled themselves in repeating that an increase in production was not on the agenda.

The Venezuelan Rafael Ramirez, who reclamara in February a reduction in production to "defend the price" appeared today soften these statements, saying that OPEC should maintain its supply.

Already the Saudi Ali al-Nouaïmi opted for total silence reaching Vienna.

The cartel fears that a fall in demand in the second quarter could lead to a surplus in oil prices made back strongly: the consumption tends to decline at the end of winter and the expected economic slowdown in the United States and the industrialized countries could also result in a decline in demand for fuels.

However, given the record level of prices, roçaram today that the 104 US dollars a barrel, a reduction of the supply of crude the cartel, it will be politically difficult to accept by consumers.

Choukri Ghanem said that OPEC is concerned about the world economy "and the balance between" supply and demand "of crude. But Chakib Khelil estimated that the price increase is not due to a problem of supply, prior to investors who protect the devaluation of their assets in dollars buying oil and raw materials, as well as the geo-political tensions.

Most analysts estimate that OPEC is likely to maintain its production to 05 of March and meet up again in early May.

Moreover, the Algerian minister admitted that a meeting by the end of the summer it was perhaps "a bad idea".

More than 200 manpower are available to leave the Estradas de Portugal


Already more than 200 herds in the Estradas de Portugal (EP) joined the programme of rescisões negotiated and pre - reforms that the administration of the company put in place just over two weeks. The information was advanced yesterday by the chairman of the company, outside the contract of management by objectives signed with the state shareholder.

Almerindo Marques did not want to disclose what is the objective of this programme voluntary exits, which says still be in quantify, but clarified that the rationalisation will cover more than 10 1700 employees of the Estradas de Portugal, as well as in the number of employees it has already shown willingness to leave. That does not mean, however, that those who express this intention receive the green light to leave the company. Just leave those whose heads of department do not consider essential. The EP proposes various methods since rescisões pre-negotiated until reforms for 1.5 salaries per year of house from the 55 years and offered a premium of 10% to whom joined by the end of February.

About the impact of this programme in the accounts of the EP, Almerindo Marques explained to DN that this cost will be diluted in depreciation and does not adversely affect the results. And a strong turnaround in profits is one of the "ambitious goals" that are part of the management by objectives signed yesterday. The EP will have to move from losses of one million euros in 2007, against 4.3 million in 2006 to profits of 50 million euros in 2008. In 2007, the operating results were negative in four million. This is the main target annual fixed. The objectives multiannual will only be fixed after revealed the strategic plan. The change in liabilities, the extent of the network into operation and the reduction of traffic accidents objectives will be to quantify.

The new team will have a maximum bonus to 30% of base salary if fulfil contratualizadas goals. The salaries of managers Roads range from 13850 euros gross for 14 months (chairman) and 10800 euros for 14 months (vowels).

The reduction of costs and increase in income, via concessions and services were the revenue made by Almerindo Marques who nevertheless did not specify where they would be obtained. The main revenue own EP is the contribution of the road, about 600 million euros per year, which replaces the transfer of the budget. This money should allow the company financial leverage through greater use to banking. Tolls are only now be revenue of EP after 2008 and as they were awarded the new concessions or renegotiated the three concessions Scut (roads without cost to the user) that will be charged. The payments by companies in the act Award, as the Douro Litoral this year, also continue for now to be revenue from the state. Apart from the reduction in staff, is under sale of the headquarters, next to the bridge on April 25 in the southern margin, with a value base of 40 million, and was conducted an auction of 192 cars of service. |
Airports Açorianos with about two million passengers in 2007
The movement of passengers in the nine airports and airfields Azorean increased 4.4 percent in 2007, compared to the previous year, to around two million shipments, direct landings and passer.


According to data of the National Statistics Institute, INE, this increase was accompanied by a rise of 4.2 percent in the number of landings of aircraft in the region, which reached the past year, a total of 16,869 (compared with 16,188 in 2006).

In terms of freight and mail, a more modest increase, 0.7 per cent, to 14,798 tonnes.

Data from INE reveals, too, that the aerodrome of Corvo fói that, in the Azores, has registered a higher increase in the number of passengers moved in 2007 (18.9 percent), followed by Lajes (8.4), of St. Jorge (4,2), Santa Maria (3.9) and John Paul II (3.4 percent).

The airport of the island of St. Miguel handled, last year, 941 thousand passengers in the island Third, the second most sought from the Region, 482 thousand

Porsche may increase participation in Volkswagen

The Porsche today announced it has received approval of its administration to increase participation in Volkswagen to more than 50%. This allows the Porsche hold greater control over the largest automobile manufacturer in Europe.
The Porsche today announced it has received approval of its administration to increase its stake in Volkswagen to more than 50%. This allows the Porsche hold greater control over the largest automobile manufacturer in Europe.

"Our aim is to create one of the largest and most innovative alliances car in the world" said the executive chairman of Porsche, Wendelin Wiedeking, quoted by Bloomberg.

The Porsche, which already owns about 31% of Volkswagen, announced that it intends to merge the two car manufacturers.

Last year, the manufacturer of sports cars made an offer to Volkswagen but few shareholders to accept. Now the company can increase its participation without having to make the offer to all shareholders.

The revenues of the Porsche, manufacturer of 911 sports cars, completed within six months to 31 January, grew 14% to 3.5 billion euros, to benefit from sales of the Cayenne sports car.

Portuguese held almost 2 billion calls

Sent more than 5.2 billion messages escritasOs subscribers of the Mobile Telephone Service (STM) held 1.8 billion calls in the 4 th quarter of the year, which represents a rise of 4.6 percent compared with same period in 2006 but a drop of 1.1% in the previous quarter, reveals the study released Monday by the National Authority for Communications (Anacom).

Already same period the number of calls received in the mobile network was about 1.82 billion, a figure which represents increases of 0.1% against the previous quarter and 4.6% in relation to the same quarter the previous year.

Calls originating in mobile networks and international networks have ended in a sharp downturn against the previous quarter (minus 30.1%). Calls originating in international networks and terminated in mobile networks had a similar behavior. "It is recalled that the development of this type of traffic is affected by seasonal factors, there is a peak in traffic during the 3. Quarter of each year," warns the same.

Also the fixed-mobile calls recorded a decrease of 6.7% compared to the previous quarter and 4.5% against the same quarter the previous year.

Already so-called fixed-mobile had, in the quarter under review, an increase of 2.5% against the previous quarter, but a decrease compared to the same period (1.9% less).

Number of minutes surpassed the 3.5 billion

The number of minutes of conversation originated in the mobile networks amounted, in the 4 th quarter of last year, more than 3.5 billion, registering a decrease of 1.7% in the previous quarter. Faced with the same quarter the previous year, the number of minutes of conversation grew 9.2%.

During this period, subscribers of STM took, on average, about 45 calls monthly, and that 30 of them were done for the network of the operator of origin.

"The average length of conversation by subscriber slowed this quarter, reaching approximately 87 minutes per month in the 4 th quarter of the year (less than 5 minutes that in the previous quarter). Subscribers speak, on average, 60 minutes with subscribers of the network itself, 17 minutes with subscribers of other mobile networks, 6 minutes with the fixed network customers and 4 minutes for international destinations.

Increase in number of written messages sent

According to the study by Anacom, returned to register an increase in the number of written messages sent, the total of 5.2 billion messages. This figure represents an increase of 2% compared to the previous quarter and 53.9% against the same quarter the previous year.

"This is linked to adherence to specific rates that have been emerging, which include a high number of messages free" states.

The same report also notes that the average number of messages per subscriber monthly presented a value lower than the previous quarter. "Indeed, despite being released by the operators to process a large volume of messages in the Christmas period, the increase against the previous quarter was only 2%. Moreover, it is estimated that the increase in the number of subscribers is partly motivated by verified acquisition of plates / modem for Internet access at broadband mobile, offers that do not contribute to the increased traffic of written messages, "concludes.

Acquisition of German company allows the Inapa diversify supply


The acquisition announced yesterday by Inapa a German company of visual communication should enable the company to diversify its supply business in the distribution of paper, the analysts consider the BIS. However, those responsible stress that the investment was not disclosed by this acquisition that may not have "a clear assessment of the impact of this business."


The acquisition announced yesterday by Inapa a German company of visual communication should enable the company to diversify its supply business in the distribution of paper, the analysts consider the BIS. However, those responsible stress that the investment was not disclosed by this acquisition that may not have "a clear assessment of the impact of this business."

The Inapa announced yesterday that, through Inapa Viscom, its subsidiary dominated Papier Union, acquired the company Complott Art-Vertrieb, a German company for the distribution of material, visual communication, the leader of its sector in the German market and that obtained in the year past, a volume of sales of 10.6 million.

"Impact: Neutral at this stage. Believe that this movement should enable the Inapa diversify its offer in the business of distribution of paper, entering new" niche "(...) and reaching some gains in 'cross selling'," referring the BPI analysts of the "Iberian Daily" today.

The same source added that the company now gained represents about 1% of the consolidated revenue of Inapa and 1.8% of its revenue in Germany. The investment bank recalls that Inapa "has been seriously committed to starting new lines of business in order to become an integrated provider and has recently made some small acquisitions in new areas of business in Germany and France."

However, the company led by Felix Morgado did not reveal what the investment of this operation or its profitability, which prevents the BPI to make a clear assessment of the impact of this business, stressing that the German market is the main market in Inapa, representing approximately 52% of its revenue concolidadas.

The BIS has a recommendation to "buy" and a price target of 1.20 euros for the actions of Inapa.

The Caixa BI in the "Daily" today says, too, that in the last report issued on the company already included the objectives of the Strategic Plan in their estimates. "No plan said the Inapa emphasizes the concentration on core markets considered by the group, focusing on the objectives regarding the expansion of the range of products distributed by the group to a business complementary to traditional, so we approve favourably to the news," says the investment bank that has a recommendation of "accumulate" and a price target of 1.35 euros for the company.

The actions of Inapa [Cot] followed stable in the 0.89 euros
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