Maria Jose Morgado advocates more investment in new technologies for Justice

A criminal investigation is not a computer system as necessary. It is an idea championed today by Maria Jose Morgado, Procuradora General Deputy, which leads the Department of Criminal Research and Action in Lisbon. The reality archaic and craft, in the flow of information between agencies of the Justice, hampering the speed of the Justice. The opinion of José Maria Morgado was heard at a conference on investment in technology development and differentiation of banking. Now, the solution, according to the Procuradora, passes by investing in the Ministry of Justice.

PSD "not yet deserves government" - Luis Filipe Menezes

According to the leader of the Social Democratic Party (PSD) there is a situation in which his party "have not worth PS government and no longer deserves" being on the Executive. Luís Filipe Menezes considers this as a complicated situation that most of the opposition will have to address and "merit" be governing the country Statements made today during a visit to the quarter-Pica Pau Yellow, in the county of Almada and accompanied by reporter Natália Carvalho

ortugal can enhance device in Afghanistan with 15 soldiers

It is still a possibility - Portugal could strengthen military presence in Afghanistan. The Minister of Defence, Nuno Severiano Teixeira, announced that reinforcement can go through one more unit, with fifteen staff, training for the Afghan army. The words of the Minister Severiano Teixeira were listened to the Parliamentary Committee of Defense, where the minister revealed that the intention Portuguese is due to growing demands of the NATO (Organisation of the North Atlantic Treaty).

Minister of Justice says that government is investing in the computerization of Justice

After the criticism of the prosecutor-general assistant, Maria Jose Morgado, on the modernisation of insufficient computer system of the bodies of Justice, the Minister of guardianship reminded that these investments are being implemented. According Alberto Costa, the government is investing in the computerisation of the services of Justice, and promised that the realities of the beginning and the end of the Legislature will be unparalleled.

Jose Socrates compares computerisation of justice to the example German

Jose Socrates took the opening of the National Order Balcony to take stock of the process of completely positive computerization Justice ports. In a ceremony held today at Exponor, Matosinhos, the prime minister even compared the case to the Portuguese case German. According to the Chief Executive, it is difficult to find two best examples throughout Europe, in terms of investment technology. A journalist Isabel Cunha escurou the words of the Prime Minister.

Dozens of smaller parties try to reach the Spanish Parliament

Dozens of smaller parties - nationalist and regionalist - use the general election to win a seat in parliament Spanish. The streets of Madrid serve as a venue for small conferences of the press, or simply speak of the proposals whom happening. The special envoy of Antena 1, José Guerreiro, was one of those people on the street stop, listen, and at least this time, dialogue with the main faces of these smaller parties.

New Director of the Port PJ ensures be satisfied with the new functions

After meeting with the Prosecutor General of the Republic (PGR), Romão Batista, new director of the Judicial Police of Oporto, guaranteed to be ready to assume the post of "body and soul". Romão Batista wanted to convey that is not so bothered by not being the first name chosen for the institution. For now, the new strong man of the Port PJ not talk about specific cases, involving Ministário audience

Lack of energy supply delays the video stream in the port

A contractual issue is preventing the entry into operation of the video surveillance cameras in the stream of Porto. The system is already mounted, but lack the electricity provided by the EDP. The Empresa de Electricidade de Portugal requires that is a contract for each of the cameras installed. Source of EDP told Antena 1 that the company has not received any request to supply energy referring to the video surveillance cameras. What is certain is that the delay is no longer outraged the Association of bars of the historic area of Porto, promoter of the project. The situation is accompanied by journalist Anthony Jorge.

Orey Antunes annual profit increases 6.4% in 2007

The consolidated net result of the company Orey Antunes grew 6.4% against the year 2006, reaching 1.45 million in 2007, announced the company diversified business this Wednesday.

The results of operations for continuity progressed 9.2%, to 1.7 million euro (M €) in the year of 2007, reveals a society of navigation, representations and financial services.

In addition, the EBITDA (result of gross farm) has had a growth of 5.3%, rising to 4.4 M €, while consolidated gross margin increased by nearly 14%, surpassing the 22 million, with the margin to improve to 31.3% of sales, whose value grew 11.6%, to 71.2 million, the report indicates sent to the CMVM.

Association of the automobile industry rejects campaign of BES
The National Association of Automobile Branch (ARAN) today repudiated an ad campaign of Espirito Santo Bank denigre considering that the image of the sellers of cars and wants to "take a firm position" if the notice is not withdrawn.

The ad in question shows a seller of cars that "applies a series of tricks to achieve sell cars," explained the Lusa responsible for the association Bernardo Ferreira da Silva.

Indignada with the way the advertising portrays Sellers of cars as "little people" credible, ARAN already sent a letter of protest to the chairman of the board of the BES, Ricardo Salgado, repudiating the sketch advertising that promotes a credit for the purchase of cars.

The campaign "denigre the image of the work and, in any way correspond to reality, because increasingly, it required greater seriousness and rigour in the management of the automobile business," ensures in ARAN reported.

The association will now wait a few days for the response of the BES and is ready to take a "firm position" if the advertising campaign is not withdrawn "from the air," said Bernardo Ferreira da Silva.

Today on Official Business

BCP danger fine of 750 thousand euros for breach of the rules of pension funds
Banco Comercial Portuguese (BCP) risks being ordered to pay a fine of three thousand and 750 thousand euros if the Instituto de Seguros de Portugal (ISP) will conclude that the role of the pension fund of the bank in the case of companies "off-shores" used irregularly justifies the application of a


Banco Comercial Portuguese (BCP) risks being ordered to pay a fine of three thousand and 750 thousand euros if the Instituto de Seguros de Portugal (ISP) will conclude that the role of the pension fund of the bank in the case of companies "off-shores" used irregularly justifies the application of a counter-ordination to the very serious financial institution.

This scenario may be on the table, since the investigations of supervisors pointed out that portfolio has received commercial paper of the Commercial Real Estate, a company that the BCP will use to disguise the damage caused by those vehicles. This despite the rules of the ISP ban that pension funds buy or receive securities of companies belonging to the same group who are not admitted to trading on a regulated market.

The region of Rio Maior should receive a future season of high-speed trains. The alternatives to the station's Ota - abandoned following the option of Alcochete to the construction of the new airport - have begun to be studied, found the Morning Post source from the sector.



The route of the high-speed network between Lisbon and Leiria began to be reviewed once the government has changed the location of the new airport for Alcochete, making unnecessary the station in Ota. It is recalled that the original route was changed in order to serve the high-speed airport of Ota.

With this amendment, it became necessary to find another location for the station, now Rio Maior emerged as the best solution.

The project should be discussed tomorrow at the meeting of the government with the mayors of the West as part of the compensations to the region for the loss of the airport, a promise made by the prime minister, who admitted that "the region of Ota paid a price in recent years ".

The mayors of the West and those of Azambuja, Santarém and Cartaxo and representatives of various ministries have meanwhile held weekly meetings in order defining a set of investments to the region. One of the proposals submitted to the Government is to create access to the new airport in the field of Shooting of Alcochete.

Portugal took 15 th place in the report of competitiveness of the tourism sector and travel among the 130 countries that are evaluated, the rise 7 seats in the classification, highlighting in the category of natural resources.

The report of competitiveness was released by the World Economic Forum (WEF) and takes into account the "factors of attractiveness of tourism development of each country," according to a communique of the Ministry of Economy and Innovation.

Of the countries belonging to the European Union (EU) and which are part of this study, Portugal is in ninth place after rising "four positions on in 2007."

The first three places in final classification belong to Switzerland, Austria and Germany.

According to the release "the index of competitiveness evaluates three sub-indices - human, cultural and natural, regulatory framework and business environment and infrastructure."

For the index of human resources, cultural and natural, Portugal is in 11 th place, which compares with the 30 th place achieved last year surpassing France and Italy. "The cultural resources are the pillar on which Portugal is better classified, occupying the second place, immediately after Spain."

In the index of regulatory structure, Portugal is 14. Th place in the business environment and infrastructure "maintained the position of the previous year" which is in 22 th place.

"In 2007, the index of competitiveness of the FEM, Portugal held the 22. Th place in a universe of 124 countries examined."

Nelson Morais

For suspect the practice of a wide range of crimes, the Judicial Police (PJ) yesterday conducted searches of homes and businesses of the companies responsible and involved in transactions of two buildings of CTT, in Coimbra and Lisbon five years ago. The steps were taken as part of an investigation opened in 2005, which remained mild in light of the reference to the recent bastonário of the Bar to the sale of the property of Coimbra.

In a controversial interview on 25 January this year, Anthony Marino and Pinto recalled that the building was sold twice on the same day and rendera five million euros to the group TCN to warn of the need to close ranks against corruption. Days later, the Central Department of Criminal Research and Action (DIAP) from Lisbon gave new impetus to the investigation "if CTT", which refers to the period in which the public company was chaired by Carlos Horta e Costa.

Dozens of Operational Research Center of the Directorate of Corruption and Economic Crime and Financial irromperam yesterday morning, the premises of Demagre (TCN), Espirito Santo Financial Assets (ESAF), and Fernando Mendes Health SA, Lisbon, which led documents and hard drives of computers. There also searching the Health Unit of Coimbra, that the last SA created and installed in the building sold by the Post this city and the headquarters of the Association Fernao Mendes Pinto, in Montemor-o-Velho. According found the JN, the operation included searches of homes and businesses in Coimbra a protagonist of the business that, until now, had not been involved in the investigation - Carlos Godinho, militant of the PSD with businesses in the property and automobile sectors.

From out of the operation was the councillor and chairman of PS / Coimbra, Luis Vilar. This has already been the target of police searches, an investigation led by PJ Coimbra, which involved several suspects business, including the sale of the property of CTT in Coimbra.

The TCN have guaranteed of Louis Vilar, its consultant, and Carlos Godinho a portfolio of tenants for the building, which allowed, the same day March 20, 2003, the CTT buy it, for 14.8 million euros, and sell it to the ESAF, for 20 million. Five years after the two transactions, PJ demand follows a trail that five million euros of profit, for suspect that may have been used in the practice of crimes of corruption, trafficking of influences, economic participation in business and administration harmful.

Among the tenants of the building that was huge for Post are ... CTT themselves, which only came to occupy a part and had to rent another property. They are also tenants of the Unit of Health Coimbra, the Association of Computing Center and the Administrative and Fiscal Court of Coimbra. The installation of the latter, for example, was decided by the government of Barroso and costs 20 thousand euros monthly to the State.

The case of Lisbon relates to a building of 21 storeys on Avenue of the Republic. The TCN bought the property for CTT by 12.5 million, but investors had already Englishmen who buy them by 26 million. According stated then the president of TCN, Julio Macedo, a supposed representative of the British that it will even last a cheque of 12.5 million. How had no coverage, Macedo said Tuesday agreed with the PTTs that if they could sell the building for more than 12.5 million, split the difference with the public company. Macedo said after the building was sold by the same 12.5 million, and that Demagre nothing gained.

The Impresa ended 2007 with net result of 18 million euros, a figure which represents an increase of 9.9% compared to the previous year, with the company to benefit from record profits, revenues hit by SIC.

In a Press release [Cot] states that the profits of 2007 totaled 18.09 million, up from 16.46 million euros recorded in the previous year and in line with the estimates of analysts.

Revenue grew 9.7% to 280 million euros, with the company the benefit of acquisitions made, which increased the perimeter of consolidation of Impresa. Without taking into account the acquired businesses, revenue rose 6.4%.

In terms of EBITDA, the Press has increased from 14.4% to 46.2 million euros, which meant an improvement in EBITDA margin to 16.5%, 0.4 percentage points more than in the previous year.

New Business benefit

The company led by Pinto Balsemão stresses that the year 2007 was marked by several acquisitions, including the shares of 51% in InfoPortugal, 90% in Dialectus, 30% in the TDN, 51% and 51% in Netjovens in Dirnet, which meant an investment of 5.3 million euros and also the expansion of the various businesses involved a plan of investment of 10.1 million, concentrated in the Digital Press and the SIC.

The increase in the contribution of new business is visible in the strong growth of several areas of the company's business, such as audio visual (146% to 9.3 million euros) and multimedia (162.5% to EUR 22 million).

This trend offset the modest progress on revenues from advertising (+3.5%) and 10.2% drop in sales of publications.

The entry into new areas of business benefited from the revenue but also explains the increase of 11.1% in operating costs, and the number of workers increased by 6.8% to 1,453. Already the costs of restructuring grew more than 20% to 2.2 million.

The Impresa ended 2007 with a debt of 182.1 million euros, 26.7 million less than the end of 2006.

SIC drives with record revenues

For a business, "there was a rise of 12.9% in revenue from television, in newspapers maintenance revenue, without overtime, a drop of 5% in magazines and contribution of Digital Press, which started operating in January 2007, with 4.1 million euros billing, "says a communique of the company.

The SIC, despite missing the second in the audiences for RTP, has again been the main driver of Impresa, achieving record revenues.

The turnover of the season, Carnaxide advanced 12.9% to 185 million euros, while EBITDA rose 12.5% and results before tax improved 17%.

The company attributes this growth, "despite a year less achieved in terms of audience," the development of new business. Revenues from advertising SIC stagnated in 2007, with the areas of multimedia and audio visual registered strong growth.

In newspaper revenue grew 2.2%, while EBITDA rose 34.3% to the cost of cutting the costs 3.8%. "All publications recorded positive behaviors, with the traditional advertising to grow at a rate exceeding 10%, and classified advertising, to grow about 5%. Stake in the development of the Internet has already borne fruit, with a growth of 111% of its revenues, which represent about 2% of total advertising revenue. "

The revised revenue fell 5% and EBITDA fell 7.5%. In Digital EBITDA for 2007 was negative of 1.57 million, with revenues of 4.1 million euros.

Pple is most admired company in the United States - Fortune

Apple has become the "most admired company" by the people in the United States, according to a ranking by Fortune magazine defined.

The capacity for innovation, management and quality of products of the company led by Steve Jobes were the qualities identified by about 3,700 experts participating in a survey conducted by the magazine.

Based on those advantages, Apple rose from the seventh post (in the list of a year before) for first place in the ranking this year.

The second post of the list is occupied by Berkshire Hathaway, the company chaired by the oracle of Omaha, also known as the multi philanthropist and Warren Buffett.

Then emerge to General Electric, Google and Toyota, this distinguishing itself as the first among foreign companies elected by North Americans in the USA.

The model produced by Autoeuropa was presented yesterday in Geneva

Volkswagen, the largest automobile manufacturer in Europe, said it will not commercialize the new model Scirocco, presented yesterday at the Hall of Geneva and produced in the factory of Palmela, in the USA as a result of the fall of the American currency for minimum history against the euro .

"The conversion rate is one big reason not to sell [the new version] in the US," said Detlef Wittig, responsible for sales and the "marketing" of the VW, in the Hall of the Geneva Bloomberg. "This car is suited to the North American market, but given the current conversion rate, we would not make money."

The USA dollar has been depreciating against the euro in the exchange. At its meeting today, the European currency was being gibala in 1.5218 US dollars, having touched a new historic maximum in 1.5274 US dollars during the session yesterday, with the market to look further cuts in interest in the USA.

The devaluation of the dollar has made the need for VW to have a factory in the USA "critical," Wittig said, adding that "in recent days began a process of selection of several possible locations" for construction of a production unit in the USA.

The Scirocco is the new "coupé" of the VW, a reprint of the model sold in the 70. The German manufacturer of sports, produced in the unit of the mark in Palmela, was presented yesterday in Geneva, in the lounge car where was present the Portuguese Minister of Economy, Manuel Pinho.

Soltrópico reinforces operation for Cape Verde

The operation of charter Soltrópico to Cape Verde recorded in the first two months of the year a growth of 19 percent compared to last year with the first nine matches this year to tourists somarem 1052, compared to 862 last year, the same number of departures.
The operator recently announced the strengthening of its operation for Boavista in the next summer and a charter operation for this island in the coming winter, from November 1.
Increasing demand which has been the national market for Cape Verde, led the operator to sign an agreement with the TACV for a flight only to strengthen in the coming summer, to the salt from Lisbon from July to September, to be operated Friday.
In summer the Soltrópico will also fourth charter flight International Airport S. Vicente will also in the summer with a fourth charter flight.
The international airport in Praia, has to adapt to the growing supply of flights

Rain of candidates mark start of the privatization of Aquapor

At least 11 companies, alone or in consortia, delivered proposals for the purchase of the entire Aquapor, participated in the group AdP.



At least 11 companies, alone or in consortia, delivered proposals for the purchase of the entire Aquapor, participated in the group AdP.

The race to Aquapor officially began yesterday, the last day for submission of proposals for purchase of the entire capital of the company, held by the group Waters of Portugal (AdP), which ensures the supply to 1.3 million people, that is, 13 % of the national population.

There were more than 30 companies that came aa intention to take part in privatization, though some integrated into consortia, but not all that were identified as potential competitors realized that interest.

Among the proposals delivered until yesterday, in the Caixa BI, the entity which is advising the sale of Aquapor, are of the AGS (group Somague), a consortium led by Fomentinvest, of the group Edifer / Cofihold ( the group Cofina), the Indáqua and Finpro, which aliou to Veolia. The group GSS, Pereira Coutinho, who came to be identified as potential interested, not handed in Visabeira proposal, which was given as a member of a consortium with four other companies (Construtora Tomás de Oliveira, Gotan, Conduril and MQP), umaknil - if the advance is whether the race.

Portugal has provided an amount of 500 million for investments

The Estrada's de Portugal has provided an amount of 500 million for investments this year, said the chairman Almerindo Marques after a hearing at the Commission of Public Works, Transport and Communications.


The Estradas de Portugal has provided an amount of 500 million for investments this year, said the chairman Almerindo Marques after a hearing at the Commission of Public Works, Transport and Communications.

The officer explained to the Members some issues of the restructuring plan, explaining that the plan of rescisões the company should reach around 345 employees, of which 280 of these have already joined voluntarily.

Almerindo Marques said he was still Refocusing various bodies within the company, which could be eliminated or rearranged.

The Official Business progresses in its edition today that the company has plans to eliminate the current regional directorates of roads, which are 18, and organize the structures of the company by regions similar to the NUTS (areas as Algarve, Lisbon, North, etc. ), in numbers still to be determined but that should around the 5.

OIL IMPORTS

The president of the European Commission, Jose Manuel Barroso, said today its confidence in the European Central Bank (ECB), in the current context of rise of the euro, saying it is convinced that the issue deserve the attention of the monetary authority.

Na, on the sidelines of a press conference in Brussels on its reaction to appreciation of the euro, which established Monday a new record above 1.52 US dollars, Barroso said: "Express my support to the European Central Bank and my confidence that the ECB will have to look at this carefully. "

The President of the European Commission acknowledged that the European currency reached a level that raises "concerns in some sectors."

The euro surpassed one week to bar symbolic of 1.50 US dollars for the first time since its launch in 1999, and continued upwards to a new historical record to 1.5274 US dollars Monday.

Recuava slightly today, below 1.52 US dollars, following the statements of the President of the ECB, Jean-Claude Trichet, who reiterated the commitment of North Americans with a strong dollar.

"In the present circumstances, considers as very important which was affirmed and reaffirmed by the American authorities, or that a strong dollar is in the interest of the American economy," told reporters before a meeting of finance ministers of the euro zone in Brussels.

Barroso considered however that the strength of the euro was "a sign of confidence in the European economy."

"If the European economy does not produce as good performances, the euro would not be at this level," insisted, recalling that "the euro (strong) helped absorb some negative shocks from outside, mainly oil prices and certain raw materials ".

The euro aligeira mathematically the bill, expressed in dollars, from oil imports.

Access via ADSL over 50% of market share

Access via ADSL over 50% of market share
At the end of December existed in Portugal about 1.44 million of users with access to broadband Internet and mobile around 1.73 million fixed access to the Internet, of which approximately 1.63 million broadband, according advance the Anacom's data.

According to the same, broadband mobile presented the more intense pace of growth in 2007. The number of users rose 256 thousand in the 4 th quarter, which represents a growth rate of almost 22%, higher than that recorded in the previous quarter. The figures achieved in December 2007 represent a cumulative growth rate since January 2007 of about 88%.

At the same time, there has been growth increasing the number of users of broadband mobile assets that experienced an increase of 38% from 478 thousand to 659.8 thousand users. Against January, the growth is 137%.

Service fixed Internet access

Already the service fixed Internet access submitted a total number of clients to around 1, 73 million, which represents a growth of about 3.3% against the previous quarter and 9.2% against the same quarter.

The number of customers for access "dial-up" continued to decline, mainly as a result of migration of users to broadband. In the quarter, the number of customers has reached about 99 thousand, about 6 thousand less than in the previous quarter. Last year, these accesses decreased 36.5%.

Most customers of the service fixed access to the Internet using a broadband: this service customers represent about 94% of total customers. The number of customers of broadband services has reached about fixing 1.63 million, more that 61 thousand in the previous quarter. Customers fixed broadband grew 3.9% against the previous quarter and 14.2% against the same quarter.

ADSL with a higher quota

The main technology for Internet access in broadband is fixed, since late 2004, ADSL, which represents 61.9% of the total (about 1 million customers in the quarter under review). The cable modem is used by 37.2% of customers of broadband fixed (about 606 thousand customers).

As regards market shares of the entries in broadband fixed, the share of customers of the Group SL has been in 68.5%, 0.6 percentage points below the previous quarter and 2.3 percentage points below the observed value in the same quarter.

According to the same data, the expansion of the shares of the new providers of broadband fixed was mainly supported for unbundled local loops, reflecting the improving conditions of the tender offer Reference of Access to Local loop (ORALL).

In the quarter under review, about 48.5% of new customers fixed broadband joined the services of alternative providers.

At the end of the 4 th quarter of 2007, the penetration rate of Internet access at broadband located on the 15.4 per 100 inhabitants to access and fixed 13.6 per 100 inhabitants for mobile access.

In the case of fixed access this figure is 0.6 percentage points above the recorded in the previous quarter and about 1.9 percentage points above the record at the end of the same period. Regarding broadband mobile, the penetration rate grew by 2.4 points in the last quarter.

According to information provided by ECTA, the penetration in Portugal of service for Internet access at broadband fixed found itself at the end of the 3 rd quarter, below the EU15 average. The penetration of broadband in the EU15 was of 16.9 per 100 inhabitants, while in Australia the figure was of 14.8.

BBVA sells 5% of Bradesco

The bank Banco Bilbao Vizcaya Argentaria (BBVA) sold the 5.01% it held in the capital of the Brazilian Bradesco, obtaining gross added value estimated at 740 million euros, was announced this Wednesday.

The divestment is an option now exercised by selling second largest private institution of banking Spanish. Participation sold has a value of approximately 976 million euros at market prices (about 1.47 billion dollars).

The entities are the purchasers Bradesco Foundation and the City of God - Companhia Comercial de Participations, largest shareholders in Brazilian bank

Insurers can lower commissions of PPR

The entry of the State in the market for complementary products for reform has emerged one of the critics of the industry: the high commissions of PPR - Savings Plan Reform.


The entry of the State in the market for complementary products for reform has emerged one of the critics of the industry: the high commissions of PPR - Savings Plan Reform.

The reaction of the private sector may have to spend the fall in costs charged, as admitted yesterday the president of the Portuguese Association of Insurers (APS), Jaime d'Almeida, a press conference in which again accusing the state of unfair competition.

"I admit that the insurers will have to pull the imagination and find ways to adjust the costs and, if necessary, may have to lower the commissions charged by PPR," acknowledged Jaime d'Almeida, for whom the state is violating the principles of healthy competition.

The APS returned yesterday to make harsh criticisms for the new Certificates of Reform of the State, which considers to be "direct competitors of PPR private, but in very unequal conditions." Apart from the differences in tax treatment and supervision, APS alert now for the lack of protection mechanisms of capital in the event of insolvency. Jaime d'Almeida recalls that insurers are required to ensure that 4% of mathematical provisions of the private products must be allocated to the protection of risk capital. In PPR, the provisions around the 10 billion euros, which means that 400 million euros have to be provided. However, this rule of protection is not imposed on the public system. For APS, "the fact that the state does not have this requirement, gives you a competitive edge in terms of management."

The lack of protection of capital may, according to APS, forcing the state to have to change the internal rules for the management of certificates of reform, or to make adjustments that are penalizadores for savers. And recalls the recent example of certificates of savings, which cuts in pay were "very bad for the saver." Target of criticism is still the lack of financial supervision on foreign public PPR, which contrasts with the private sector which is under the supervision of the Insurance Institute of Portugal and of the Committee on Market Securities.

Portugal has room for mergers among smaller companies,

The President of the Insurance Institute of Portugal (ISP), Fernando Dias Nogueira, considered today that there is room for mergers between insurance companies, the smaller in Portugal.


"There is still room for solutions of integration and mergers," said Fernando Dias Nogueira, admitting "this may happen in the smaller operators."

This scenario puts up as a consequence of the draft revision of financial guarantees, called for the insurance industry by Solvency II, which comes into force in 2010, and will be more demanding for levels of capital for insurers, the president explained ISP's, speaking at a hearing of the parliamentary committee for budget and finance.

The TMN today announced an increase in speed of navigation in its tariff Broadband Light, broadband and broadband home t, and a discount of 50% for pricing broadband home t.



The TMN today announced an increase in speed of navigation in its tariff Broadband Light, broadband and broadband home t, and a discount of 50% for pricing broadband home t.

The tariff Broadband Light, currently with a download speed of 384 kbps, passes for 512 kbps, and the tariff broadband and broadband home t, so far with up to 640 kbps, are to provide 1 Mbps - without increasing their monthly payments .

"This change is automatic and for all, not requiring any action or application, even from current customers, and is available as of today, also for new accessions," refers to the carrier on notice. This change of speeds is extended to all customers broadband TMN and therefore also to the students, teachers and trainees of the programme e.escola, he reported.

By the end of the year will also be a reduction of 50% in monthly rates of broadband t home, or for those who wish to access the Internet Mobile only from home or other fixed location.

The tariff Broadband house t 640 (now with 1 Mbps) switch from 22.50 euros to 11.25 euros and Fees Broadband house t 3.6 of a monthly pass for 29.90 euros to 14.95 euros. This campaign enters into force today and is valid for accession until March 31, 2008.

Teixeira Duarte began to win but follows the depreciating 1.33%

Teixeira Duarte began to win but follows the depreciating 1.33%
The scholarship in Lisbon reverses the positive trend this morning and follows the session losing 0.60 percent to 10.718,10 points.

The lead gains is the BIS that sum 2.47% to 3.31 euros, with more than three million shares traded.

The highlight will also positive for the construction sector: the Soares da Costa values 1.30% to 1.55 euros and Mota Engil 0.21% to 4.66 euros.

In line with Portucel water is 2.06 euros per share, the day that company launches the first stone for the construction of a new paper mill in Setúbal.

Unchanged follow even the titles of the PT and Sonae SGPS with 8.34 euros and 1.19 euros, respectively.

Energy in "day no '

The counteract the gains and losses is leading Zon Multimedia that derrapa 2.80% to 7.63 euros per share. It is recalled that this was Monday signed a contract between the ex-PT Multimedia and Media Capital for the opening of a new channel for news, "TVI 24», which will come into operation within a maximum period of one year.

The energy sector also follows the session with negative note: the Galp loses 1.65% to 16.09 euros and EDP down 0.92% to 3.76 euros. It should be noted that the Galp will announce results of 2007 this Wednesday.

The recent entry in the PSI20 Teixeira Duarte now has negative note, despite having opened the session in positive ground. The construction lost 1.33% to 1.48 euros with over 200 thousand shares traded. Remember that Teixeira Duarte entered the PSI20 to replace the Press, which revealed a lack of liquidity.

Finally, the banking sector also shows losses with the BES to fall 1.10% and 0.26% BCP. The bank led by Santos Ferreira will be on the table in the affairs that will set the meeting, scheduled for Thursday, between the president of CMVM, Carlos Tavares, and the Prosecutor General's Office, Pinto Monteiro.

The remaining European squares are in line with the PSI20 and showing negative results: the DAX falls 1.23%, IBEX lost 1.00%, 0.96% and the CAC FTSE 0.90%.

The USA that closed this Monday downwards, should also open in the red with investors awaiting new data from the American Federal Reserve.

China will launch similar to the Nasdaq index for newly listed companies

The Chinese government will allow companies to negotiate their newly created shares in the market, launching an index with the same characteristics of the Nasdaq in the country, assured
The Chinese government will allow companies to negotiate their newly created shares in the market, launching an index with the same characteristics of the Nasdaq in the country, assured Prime Minister Wen Jiabao.

The Chinese executive will also accelerate a plan to allow the sale of more corporate bonds to improve the structure of the debt market in China.

"There are a large number of small businesses that want to increase their funds and financial sector is not able to provide them that," Bloomberg said to an analyst, who added that "this move will increase the supply of initial public offerings (IPO) ".

China is focusing on the development of shareholders and debt markets in the country to help companies manage funds. The regulators have been planning a rate similar to the Nasdaq for companies recently and may allow futures contracts for trading for the first time, without giving a deadline.

The unprofitable companies will not be allowed in the negotiation.

The new system of trading could be introduced later this year because all the rules and regulations to implement the plan are already underway, said the chairman of the Shenzhen Stock Exchange, Chen Dongzheng.

"The key is to have a quick and simple process for companies start to sell shares on a stock exchange," said Chen Dongzheng.

The officer also stressed that companies listed in the new index will be allowed to transfer to the main stock exchange, provided they reach a certain weight

Finance: Ministers approve updated stability programme of Portuguese

The finance ministers of the European Union will today in Brussels, to give their endorsement to the policy outlined by the government budget, approving the Stability Program (SGP) updated Portuguese submitted by Lisbon last December.

The "Opinion" to be approved concludes that the budgetary strategy of the Portuguese Government "is consistent with a correction of the excessive deficit by 2008".

A copy of the document obtained by the agency Lusa Portuguese acknowledges that the program aims to continue the fiscal consolidation in the medium term, including the achievement of the MTO (Medium-Term Goal of the balanced budget) by 2010 and predicts that the ratio of general government debt follow a path downward throughout the planning period.

The 27 warn that the achievement of these goals depends on the "effective implementation of the measures announced in the programme" and may require "additional efforts", particularly given the risk of economic growth lower than projected. "

Indeed, the 27 will endorse / approve the PEC updated, covering the period 2007-2011, presented by Lisbon on December 14, 2007.

The 27 will "invite" Portugal to "implement with determination the planned fiscal consolidation" in the PEC updated to ensure the correction of the excessive deficit.

We also encourage Lisbon to "complete the adjustment towards the MTO, if necessary by strengthening of the measures."

Given also the risks that weigh on the sustainability of public finances, the 27 will advise Lisbon to ensure a rapid reduction of the debt / GDP ratio, particularly by continuing to focus on reducing the budget deficit any results more favourable than those provided.

Finally, the EU finance ministers will ask the Portuguese responsible for "maintaining the moderation of expenditure and enhancing the quality of public expenditure."

The SGP updated predicts that the overall deficit of the government should gradually decrease of 3 percent of GDP in 2007 to 2.4 in 2008, 1.5 in 2009, 0.4 in 2010 and, finally, 0.2 of GDP in 2011.

Portuguese The program also provides that the general government debt, estimated at 64.4 percent in 2007, fall to the benchmark of 60 percent in 2010.

The European Union decided on September 20, 2005 to three years from Portugal, until 2008, to correct the situation of "excessive deficit" detected by Lisbon.

Portugal undertook, by 2008, to reduce the budget deficit to an amount below the ceiling of 3.0 percent of GDP, a measure imposed by the Stability and Growth Pact EU.

The government announced last October that it would achieve that goal already in 2007 and the European Commission, in its Autumn Economic Forecasts, noted that believed that this amount would be reached

OPEC keeps production

The Organization of Petroleum Exporting Countries (OPEO), which owns more than 40% of oil exploration in the world, announced that it will keep oil production unchanged.



The Organization of Petroleum Exporting Countries (OPEO), which owns more than 40% of oil exploration in the world, announced that it will keep oil production unchanged.

Ten of the thirteen ministers of the countries belonging to OPEC had already announced that production should be changed and the minister, Ali al-Naimi, Saudi Arabia, the largest oil exporter in the world said that the demand and supply are stable, according to the Bloomberg.

"No one can speak cutting production to the level of prices for now" said John Hall, director of the John Hall Association, cited by the news agency United States.

This week the oil peaked both in New York wants to negotiate in London 103.95 US dollars a barrel and 102.29 US dollars respectively.

Investors have invested in the "commodities" because of the uncertainty experienced in capital markets and as a form of protection against the increasing inflation, leading their prices to record values.

The OPEC could again meet in May or June to discuss market conditions.

The West Texas Intermediate (WTI) [Cot] followed us to negotiate 100.36 US dollars in New York and "brest" [Cot] in London cotava in 98.06 US dollars.

Gazprom says that Ukraine will reduce supply of gas to Europe

The Ukrainian Naftogaz group informed the Russian giant Gazprom that would reduce today for the transit of gas to Europe, said the spokesman for Gazprom, Sergei Kouprianov, according images transmitted live by television chain Vesti .


"We received a message of Naftogaz according to which the course of this day supplies of gas to European users would be reduced by 60 million cubic metres," said Kouprianov.

"It is, therefore, a volume that Gazprom will deliver to the Ukrainian border, but that will not come to European consumers," he added.

A Gazprom, in conflict with Kiev, reduced by 50 percent its supply of gas to Ukraine since the beginning of the week

New unity of Portucel should be located in Latin America

The Portucel based, yesterday, the first stone of the new paper mill in Setúbal, and Pedro Pereira Queiroz took the opportunity to reveal it is considering building a new production unit, an investment that could amount to billions of euros, which , according to analysts of the BIS, to be located in Latin America and not in Portugal
The Portucel based, yesterday, the first stone of the new paper mill in Setúbal, and Pedro Pereira Queiroz took the opportunity to reveal it is considering building a new production unit, an investment that could amount to billions of euros, which , according to analysts of the BIS, to be located in Latin America and not in Portugal.

The "chairman" of Portucel assumed with the Government, a commitment to invest 1.5 billion dollars (around 1,000 million euros) in a new manufactures in Portugal, conditioning the location of the new unit in the national territory to the existence of matter - press (eucalyptus) enough to feed an investment of this scale.

Portugal, Africa and South America are some of the possible locations, which in the opinion of the team of "research" of a new unit of BPI Portucel should be installed in a "country in Latin America."

Analysts contend with the view that the Latin American market is the "most competitive in the world" and the pace of growth of eucalyptus be faster than in the Iberian Peninsula. "

"Some countries such as Uruguay have to offer several advantages, such as exemption from taxes, which can power the return of a potential investment," added the analysts of BPI.

The investment bank kept unchanged its recommendation from "buy" to the actions of Portucel [Cot], and the price target of 3.45 euros. This "target" confers on securities of the company of pulp and paper a potential recovery of 65.8% compared to the current price of 2.08 euros. The actions followed a value 0.48%.

Orey Antunes annual profit increases 6.4% in 2007

The consolidated net result of the company Orey Antunes grew 6.4% against the year 2006, reaching 1.45 million in 2007, announced the company diversified business this Wednesday.

The results of operations for continuity progressed 9.2%, to 1.7 million euro (M €) in the year of 2007, reveals a society of navigation, representations and financial services.

In addition, the EBITDA (result of gross farm) has had a growth of 5.3%, rising to 4.4 M €, while consolidated gross margin increased by nearly 14%, surpassing the 22 million, with the margin to improve to 31.3% of sales, whose value grew 11.6%, to 71.2 million, the report indicates sent to the CMVM.

Portugal led sales increase in January

The retail trade sector, recorded in Portugal in January, the third biggest increase in sales among EU markets, the Eurostat data show this Wednesday.

Against December, the sector grew 4.1% in Portugal, behind Belgium (9.5%) and Lithuania (7.4%), while the rise in the euro zone reached 0.4% (0.06 % in the EU-27). The increase observed in the first month of 2008 compared with a fall of 1.3% in the previous month, in Portugal, having fallen 0.1% in the euro area (-0.2% in the EU-27).

Against January 2007, sales in the euro zone fell 0.1%, having risen 1.8% in the European Union and 2.2% in Portugal, after breaking counterpart situated in 1.2% in December.

As for Spain, the variation monthly records a drop of 1.1%, while the fall counterpart stressed face up to December, to 2.4%.

By sectors, according to Eurostat, the monthly variation registered in the euro area was driven by sales of food, beverages and tobacco (+0.6%), while the non-food invoicing of goods grew 0.4% in the economy of the single currency.

OECD will cut economic growth to less than 2%

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Is the worst performance since 2003A Organization for Economic Cooperation and Development (OECD) is preparing to revise downwards the estimates of growth for the whole of the state that integrate.

According indicated Wednesday that its secretary-general, Angel Gurria, the new forecast of economic growth in the OECD for this year should be less than 2%.

The officer admitted, in an interview in Oslo, that "2008 will be a difficult year for growth" and "lower", alerting even to the likelihood arise some more unpleasant surprises ".

The new forecast OECD, less than 2%, will be the lowest since 2003 and would represent a significant cut in the face of expectation presented last December, which was 2.3%. Implicará also a sharp slowdown compared to the growth of 2.7% recorded in 2006.

The new OECD forecasts will be released at 20 March