Cabo Verde

Cabo Verde offers residence to foreigners who invest in real estate

18 September 2017

The Cape Verdean government will grant residence permits to foreign nationals who acquire a second home in the archipelago, the minister of the Presidency of the Council of Ministers announced on Friday in Praia.

Cabo Verde Airline still has no airplanes to fly its routes

15 September 2017

An "expressive number" of passengers of Cape Verdean airline TACV are still retained in Cabo Verde (Cape Verde), the airline said on Thursday in a statement, adding that it has cancelled 36 international flights since the beginning of September and sent more than 3,000 passengers to other airlines.

Cabo Verde’s airline has no airplanes for international flights

13 September 2017

Cabo Verde's (Cape Verde's) flagship airline TACV will continue to offer no international flights in the next few days, while it waits for a replacement engine for its only Boeing 757 aircraft, the Cape Verdean press reported.

Cabo Verde Government proposes higher tax collection to finance development

13 September 2017

Cabo Verde (Cape Verde) has to look for solutions to finance its development with its own resources, both through tax collection and the use of the domestic financial market, said Finance Minister Olavo Correia, quoted by the Cape Verdean press.

Maritime Silk Road Association (Macau) and International Institute of Macau promote Chinese initiative

11 September 2017

The Maritime Silk Road Association (Macau) and the International Institute of Macau (IIM) have signed a cooperation protocol for actions related to the Chinese initiative to promote the 21st Century Maritime Silk Road.

Cabo Verde intends to benefit from new US financial support

11 September 2017

Cabo Verde (Cape Verde) intends to benefit from a third financial support package under the US Millennium Challenge Account programme, Finance Minister Olavo Correia said at the end of a meeting of the Coordinating Council of the Millennium Challenge Account Cabo Verde.

Execution of Competitiveness Action Plan begins in Cabo Verde

8 September 2017

The Cape Verdean Competitiveness Action Plan, approved by the government last August, formally has come into effect with its publication in the Official Gazette, cabo Verde's public television station (RTC) reported.

Space at Cabo Verde International Fair sold out

8 September 2017

The 21st edition of the Cabo Verde International Fair (FIC-2017) has exhausted the available space seven months before it is held, the president of event organiser FIC - Feiras e Eventos Empresariais told the Inforpress news agency.

Trade between China and Portuguese-speaking countries reaches US$67.615 billion from January to July

7 September 2017

The value of trade between China and Portuguese-speaking countries rose 31.29% year-on-year to US$67.615 billion in the January-July period, according to official Chinese data released by Forum Macau.

Trade between China and Portuguese-speaking countries grows 37% in the first half

6 September 2017

Trade between China and the Portuguese-speaking countries totalled US$57.358 million in the first half of the year, up 37.58% compared to the same period of last year, according to official Chinese figures released by Forum Macau.

Economist Rodrigo Brum takes office at Forum Macau

4 September 2017

Economist Rodrigo Brum took on the role of Deputy Secretary-General of the Permanent Secretariat of Forum Macau, appointed by the Portuguese-speaking countries, on 1 September.

Construction of the Commercial Cooperation Services Complex between China and Portuguese-speaking Countries begins this year

23 August 2017

Nine proposals were approved in the public tender for the contract to design and build the Service Complex for Commercial Cooperation between China and Portuguese-speaking Countries, according to the Land, Public Works and Transport Bureau.

Cabo Verde government pays arrears with the banking sector

22 August 2017

The Cape Verdean government is working to restore confidence, especially in the country's banking system, Finance Minister Olavo Correia said on Monday after signing a contract with the Caixa Economica de Cabo Verde bank for payment of arrears.

Two Cabo Verde state companies will be valued for future privatisation

18 August 2017

The assets and businesses of Cape Verdean state companies, Aeroportos e Segurança Aérea (ASA) and Electra will be valued ahead of their privatisation, Cabo Verde's (Cape Verde's) Finance Ministry said in a statement issued on Thursday.

Cabo Verde Government continues to pay arrears

18 August 2017

The Government of Cabo Verde (Cape Verde) is continuing to pay off State debts with the signing on Friday in Praia of an agreement with the Caixa Económica de Cabo Verde bank that establishes the forms and conditions of payment of interest subsidies and of other debts, according to an official statement.

Cabo Verde receives more than 348,000 tourists in the first half

17 August 2017

Cabo Verde's (Cape Verde's) hotel establishments registered 348,600 guests and 2.2 million overnight stays in the first half, representing increases of 7.9% and 9.8%, respectively year-on-year, the National Statistics Institute (INE) said on Wednesday.

Icelandair signs management agreement with Transportes Aéreos de Cabo Verde

16 August 2017

Airline Lofteidir Icelandair will manage Cape Verdean airline Transportes Aéreos de Cabo Verde (TACV) under a contract signed on 10 August with the government of the archipelago, according to an official statement released on Tuesday in Praia.

Cabo Verde’s economy needs more credit and lower interest rates

14 August 2017

Cabo Verde (Cape Verde) needs "more credit for the economy and lower interest rates," said the country's Finance Minister, who acknowledged that the current situation does not facilitate the country's development, according to the local press.

Cabo Verdean government settles debts with commercial banks

10 August 2017

The government of Cabo Verde has reached agreement to settle debts amounting to 21.7 million euros with Banco Comercial do Atlântico (BCA) of the Portuguese state financial group Caixa Geral de Depósitos, under an agreement signed on Wednesday in Praia.

Cabo Verdean government cancels international tender for ports concession

9 August 2017

The government of Cabo Verde has cancelled the international tender for sub-concession of the island country’s main ports, after only a single partial proposal was submitted by the French Bolloré group, indicates an official statement released on Tuesday in Praia.

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