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Cabo Verde

Cabo Verde air carrier ends domestic flights on 1 August

25 July 2017
Cabo Verde's (Cape Verde's) flagship air carrier TACV confirmed on Monday that it will end domestic flights as of 1 August, following the restructuring process of the company with a view to its privatisation.

Cabo Verde banking system considers stricter criteria for bank operations

24 July 2017
The Bank of Cabo Verde (Cape Verde) and the commercial banks operating in the country are considering introducing "stricter criteria" in bank transactions to strengthen the confidence of correspondent banks abroad, the governor of the central bank said in Praia.

Trade between China and Portuguese-speaking countries grows 41% from January to May

13 July 2017
Trade between China and the Portuguese-speaking countries rose 41.51% year-on-year in the January-May period to US$46.3 billion, according to official figures from China issued by Forum Macau.

Cabo Verde-EU partnership extended to new areas

13 July 2017
The Special Partnership between Cabo Verde (Cape Verde) and the European Union (EU) has been extended with the inclusion of three new areas - investment, growth and employment, management of the oceans and institutional reforms, the archipelago's Foreign Minister said.

Cabo Verde government, employers and unions sign 2017/2021 strategic agreement

12 July 2017
The Cabo Verde (Cape Verde) Medium Term Strategic Agreement (2017/2021), a document that includes the launch of unemployment benefit and the gradual increase of the minimum wage, was ratified on Tuesday in Praia at a ceremony that brought together the government, employers and unions, according to official information.

Diplomat Vicente Manuel resigns from Forum Macau

11 July 2017
(CN) 中国-葡语国家经贸合作论坛（澳门）（“中葡论坛”）常设秘书处原副秘书长韦尚德已于7月10日离任，预料接替其职的葡籍经济学家Rodrigo Manuel Ferreira Brum即将履新。

Chinese group Huawei installs urban security system in Cabo Verde

10 July 2017
The Cape Verdean government and Chinese telecommunications and networking equipment group Huawei Technologies on Monday in Praia signed a contract for the development of the first phase of the "Safe City" project, the archipelago's government said in a statement.

Luanda International Fair 2017, Angola, already has 80 companies registered

10 July 2017
Eighty of the 200 companies that are expected to take part in this year's edition of the Luanda International Fair (Filda 2017), to be held from 26 to 30 July, have already registered, said on Saturday the president of the Institute of Business Development (IFE).

Cape Verdean hotel complex owned by Macau entrepreneur opens in two and a half years

6 July 2017
The first phase of the Gamboa Djeu Resort, a hotel complex with a casino to be built in Cabo Verde (Cape Verde), is expected to start operating in two and a half years, businessman David Chow said on Wednesday on the sidelines of the 42nd anniversary celebration of the independence of Cabo Verde.

Cabo Verde Government wants to reduce reliance on external support

5 July 2017
Cabo Verde (Cape Verde) continues to need support from international partners 42 years after the country's independence, the Cape Verdean prime minister said on Tuesday, reaffirming his commitment to an economy that is less dependent on foreign funding.

Cabo Verde central bank awards construction of new headquarters

5 July 2017
The new headquarters of the Bank of Cabo Verde (BCV) will solve current logistical and security problems and will be an architectural and tourist landmark in the country, the governor of the central bank said on Tuesday in Praia.

Cabo Verde’s economy grows 3.6% in the first quarter of 2017

4 July 2017
Cabo Verde's (Cape Verde's) economy registered 3.6% growth in the first quarter of 2017 compared to the Gross Domestic Product of the same period of 2016, according to the National Statistics Institute (INE).

Community of Portuguese-Speaking Countries should focus on the economy

3 July 2017
Entrepreneurs from Portuguese-speaking countries want to turn the Portuguese-speaking Community (CPLP) from an essentially political institution to one that focuses on economic issues, Salimo Abdula, the Mozambican president of the CPLP Business Confederation said in Maputo.

World Bank funds transport in Cabo Verde

3 July 2017
The World Bank has approved an additional US$27 million loan to finance Cabo Verde's (Cape Verde's) transport reform project, which began in 2013, according to information provided by the archipelago's government.

Trade between China and Portuguese-speaking countries grows 40.41% from January to April

30 June 2017
Trade between China and Portuguese-speaking countries recorded year-on-year growth of 40.41% from January to April, totalling US$34.172 million, according to official Chinese figures released by Forum Macau.

Cabo Verde to have new delegate at Forum Macau

29 June 2017
The current Cape Verdean delegate to Forum Macau, Mário Vicente, will be replaced in July by Nuno Furtado, according to newspaper Ponto Final, which said the replacement was confirmed by a source from the institution.

Portuguese-speaking entrepreneurs meet in Maputo in October

23 June 2017
The Business Confederation of the Community of Portuguese Speaking Countries (CE-CPLP) will hold the 1st CPLP Economic Conference in Maputo, Mozambique, on 18 and 19 October, the CPLP vice-president said in the Portuguese city of Matosinhos on Wednesday.

Cabo Verde’s public debt reaches 131% of GDP in 2016

23 June 2017
Cabo Verde's (Cape Verde's) public debt reached 211.5 billion escudos (US$2.134 billion) at the end of 2016, according to a report by the Bank of Cabo Verde, which it said was the equivalent of 131% of gross domestic product (GDP).

Cabo Verde intends to include more areas in EU partnership agreement

22 June 2017
The Cape Verdean government will negotiate the inclusion of three new areas in the partnership agreement it signed a decade ago with the European Union (EU), Cabo Verde's Foreign Affairs Minister Luís Filipe Tavares said on Wednesday in the Assembly of the Republic in Lisbon.

Number of Chinese tourists in Cabo Verde could reach 100,000

21 June 2017
Cabo Verde (Cape Verde) is expected to receive close to 100,000 Chinese tourists as soon as it improves its tourism infrastructure, said Zhang Wei, vice president of the China Council for the Promotion of International Trade (CCPIT).
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