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Cabo Verde

Cabo Verde liberalises foreign economic, financial and exchange operations

25 July 2018
Foreign economic and financial operations and foreign exchange operations have been fully liberalised in Cabo Verde (Cape Verde) since Monday, 23 July 2018, when Legislative Decree No. 3/2018 of 22 June came into force, said the archipelago's central bank.

Cabo Verde’s economy benefits from the performance of the Euro Zone in 2017

25 July 2018
The performance of the Cape Verdean economy benefited from the external environment in 2017, similarly to the previous two years, with the country's main economic partner, the Euro Zone, posting the highest economic growth since 2007, the Central Bank of Cabo Verde said.

Arab Group IIB Holdings well positioned to buy a bank in Portugal

20 July 2018
The best-positioned candidate to buy Portuguese investment bank Efisa is IIB Group Holdings, a Bahrain company that recently completed the acquisition of a 90% interest in Banco Internacional de Cabo Verde from Novo Banco, the bank that resulted from the closure of Banco Espírito Santo, Portuguese financial daily Negócios reported.

Angola hosts 13th Summit of the Community of Portuguese Speaking Countries

19 July 2018
Angola hosts the 13th Summit of Heads of State and Government of the Community of Portuguese Speaking Countries (CPLP), to be held in 2020, following a decision made at this year's meeting on the island of Sal, Cabo Verde (Cape Verde), which elected Portuguese ambassador Francisco Ribeiro Teles as the institution's new executive secretary, according to the local press.

Portuguese-speaking African countries and Timor-Leste receive 26 million euros from the European Union

19 July 2018
The Portuguese-speaking African countries and Timor-Leste (PALOP-TL) will have access to 26 million euros provided by the European Union (EU) to support two projects to promote employment in the cultural sector and reforms in the management of public finances, which was signed on Wednesday on the island of Sal in Cabo Verde (Cape Verde), the EU delegation in the archipelago said.

Entrepreneurs want CPLP to focus more attention on the economy

18 July 2018
Entrepreneurs want the subject of the economy to become a greater focus within the Community of Portuguese-Speaking Countries (CPLP) and allow them to take up room as economic leaders, the president of the CPLP Business Confederation (CE-CPLP) Jorge Carlos Fonseca, said during a hearing granted by the President of Cabo Verde.

Cabo Verde Airlines announces return to normality next week

17 July 2018
Cabo Verde Airlines expects to resume normal business as of next week after receiving a Boeing 757 on Saturday on a long-term operating lease, the airline said in a statement quoted by the Cape Verdean press.

6th Macau Ministerial Forum meeting postponed to 2020

16 July 2018
The sixth ministerial meeting of Forum Macau, which had been scheduled for 2019, will be delayed until 2020, according to diplomatic sources linked to the institution.

European Union supports Cabo Verde’s budget with an additional €10 million

16 July 2018
The Director-General for International Cooperation and Development of the European Commission, Stefano Manservisi, this week on the Cape Verdean island of Sal signed off on additional funding of €10 million in budget support to Cabo Verde (Cape Verde), according to a statement from the delegation of the European Union in the West African archipelago.

Food products from Portuguese-speaking countries showcased in Dongguan, China

13 July 2018
The Macau-Dongguan Economic and Trade Cooperation Forum and the Promotional Activity of Products from the Portuguese-speaking Countries - Dongguan were recently held in that city on the Pearl River Delta organised by the Macau Trade and Investment Promotion Institute (IPIM) and the Dongguan Trade Department, according to official information.

Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank

12 July 2018
Portuguese bank Novo Banco has completed the process of selling a 90% stake in Banco Internacional de Cabo Verde to IIB Group Holdings, a company based in Bahrain, said on Wednesday the bank that inherited the quality assets of the bankrupt Banco Espírito Santo (BES) in a market filing.

Cabo Verde Airlines still lacks airplanes to operate

12 July 2018
Cabo Verde Airlines has cancelled 52 flights since 2 July, due to a lack of airplanes, with the attention of the board focused on the passenger protection plan until the restart of normal activity, the company said in a statement released on Wednesday in the Cape Verdean capital, Praia.

Cabo Verde tourist resort of Macau entrepreneur due to be completed before 2021

11 July 2018
Construction of the integrated tourist complex of the island of Santa Maria will be completed before the end of the current term of office in 2021, José Gonçalves, the Minister of Maritime Economy, Tourism and Transport of Cabo Verde (Cape Verde) said on Tuesday in Praia.

Angola’s National Bank cancels authorisation granted to Ecobank Transnational

9 July 2018
The authorisation granted to Pan-African financial group Ecobank Transnational Inc. to set up Ecobank Angola has been cancelled following its expiration, "due to the repeated non-compliance with the legal deadline for the start of activity," the National Bank of Angol said last week.

Cabo Verde Airlines should be privatised swiftly, Budget Support Group says

9 July 2018
Members of Cabo Verde's (Cape Verde's) Budget Support Group (BSG) stressed on Friday in Praia the importance of the rapid privatisation of Cabo Verde Airlines as well as applying reforms to other companies and programmes that are causing immediate financial pressure on the State Budget, the local press reported.

Cabo Verde Airlines privatisation completed this year

5 July 2018
The privatisation of Cabo Verde Airlines is due to be completed this year, the Cape Verdean Minister of Tourism and Transport José Gonçalves said this week, repeating the assurances given by Prime Minister Ulisses Correia e Silva last May that the privatisation process of TACV-Cabo Verde Airlines "will be completed" by the end of the year and with "huge advantages" for the country.

Cabo Verde’s Emprofrac carried out its first exports

4 July 2018
Cabo Verde's (Cape Verde's) national pharmaceutical products company, Emprofac has made its first sales abroad since it was established in 1979 with the recent shipment of goods to Sao Tome and Principe and two to Guinea-Bissau, said the president of the public company.

Products from Macau and Portuguese-speaking countries available on NetEase Kaola

4 July 2018
Products from Macau and Portuguese-speaking countries are now available on NetEase Kaola, a cross-border e-commerce platform from China, at the "Macau Pavilion," an effective new channel to explore China's domestic market, according to the Macau Economic Services Bureau.

University of Coimbra launches course on relationship between China and the Portuguese-speaking countries

3 July 2018
China and the Portuguese-speaking Countries in the World Economy: Trade, Tourism, Cooperation and Development is the official name of an advanced training course coordinated by Carmen Amado Mendes to be taught over two semesters between the end of September and December and between February and May, at the University of Coimbra, Portugal, according to official information.

Macau is a platform to link China and the Portuguese-speaking countries

29 June 2018
Ding Tian of Forum Macau expressed satisfaction with the results achieved by the institution to date and said that Macau serves as a platform to link China to Portuguese-speaking countries in exploring business opportunities.
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