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Cabo Verde

1st Cabo Verde International Environment and Renewable Energy Fair takes place in February

7 January 2016
Cabo Verde's (Cape Verde's) first International Environment and Renewable Energy Fairr (FIAER) will take place from 11 to 13 February, under the motto "Clean Energy & Sustainable Living & Business for Africa," said the secretary general of the organising body. José Luís Neves, secretary general of the Leeward Chamber of Commerce, Industry and Services (CCISS), said it was "working hard" to carry out this fair as scheduled.

Trade between China and Portuguese-speaking countries shrinks 25 pct from January to November

6 January 2016
Trade between China and Portuguese-speaking countries experienced a real contraction of US$31.674 billion from January to November 2015 compared to the same period of 2014, according to official figur…

Fuel prices rise in Angola and fall in Cabo Verde

5 January 2016
The introduction of the free price system in the sale of fuels in Angola has made the price of a litre of gasoline rise by 39 percent from 115 to 160 kwanzas and diesel by 80 percent from 75 to 135 kwanzas, according to a statement from state oil and gas company Sonangol. The Ministry of Finance said the introduction of free pricing for most fuel was intended to eliminate the high cost of fuel subsidies provided by the state.

Sale of Cabo Verde International Bank nearly completed

4 January 2016
The sale of the Cape Verdean bank Banco Internacional de Cabo Verde, owned by Portuguese shareholders, is nearing completion, Portuguese television station TVI24 reported. The bank, which until November 2014 was called Banco Espírito Santo/Cabo Verde, became pat of Novo Banco following the resolution process of Banco Espírito Santo (BES), with orders from its shareholder "to limit business activity," according to TVI24.

Cabo Verde government approves creation of unemployment benefits

4 January 2016
The unemployment allowance, newly created in Cabo Verde (Cape Verde), requires employers to pay in an additional 1.5 percent of workers' wages of workers who, in turn, contribute 0.5 percent, according to an announcement made by the Minister of Presidency of the Council of Ministers. Minister Démis Lobo Almeida, announcing the approval of a draft law establishing the unemployment benefits in the archipelago, said difference to 3 percent of wages would be borne by allowances and supplementary benefits from the National Social Security Institute (INPS ).

Number of active companies in Cabo Verde grows 1.5 pct in 2014

4 January 2016
The number of active companies in Cabo Verde (Cape Verde) in 2014 grew 1.5 percent, the number of workers rose by 3.0 percent but turnover fell by 3.4 percent against 2013, reported the National Statistics Institute. Provisional results of the Annual Survey of companies, for 2014, released on 31 December, showed that at the end of 2014 Cabo Verde had 9,185 active enterprises, an increase of 136 over 2013, employing 52,518 people (an additional 1,543).
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