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Cabo Verde

Cabo Verde’s economy grows 3.4% in the first quarter of 2018 and 4.0% in 2017

2 August 2018
Cabo Verde's (Cape Verde's) economy registered real growth of 3.4% in the first quarter of 2018, or an increase of 20 basis points compared to the same quarter of 2017 and a decrease of 80 basis points over the previous quarter, according to official information.

Angola’s General Tax Administration guarantees introduction of VAT in 2019

1 August 2018
Value Added Tax (IVA) will replace the Consumer Tax in Angola in 2019, the coordinator of the Technical Group for the Implementation of IVA, Adilson Sequeira, said according to a report published on the website of the Angolan Ministry of Finance.

Cabo Verde Airlines will be privatised by direct sale

1 August 2018
The privatisation of Cabo Verde Airlines will be carried out through the direct sale of all the shares representing the carrier's capital stock, and three lots of shares will be reserved for specific recipients, according to an official statement released on Tuesday in Praia.

China’s cooperation with Portuguese-speaking countries important in Chinese foreign relations

31 July 2018
Cooperation between China and Portuguese-speaking countries is an integral and important part of China's foreign relations, said the Commissioner of the Chinese Foreign Ministry in Macau on a visit to Forum Macau.

CGD puts one of the two banks it controls in Cabo Verde up for sale

30 July 2018
Portuguese state-owned bank Caixa Geral de Depósitos (CGD) will sell one of its two banks in Cabo Verde (Cape Verde), and it has yet to decide whether it will be Banco Comercial do Atlântico or Banco Interatlântico, the chairman of the bank said on Friday in Lisbon.

Icelandair proposes to buy 51% of Cabo Verde Airlines

30 July 2018
Icelandair has presented a proposal for the purchase of 51% of the Cape Verdean flagship air carrier, announced Cabo Verde's Prime Minister Ulisses Correia e Silva, who gave assurances that Cabo Verde Airlines (TACV) will be privatised as planned.

Portugal’s state-owned CGD bank to reduce presence in Mozambique and Cabo Verde

27 July 2018
The Portuguese state-owned bank Caixa Geral de Depósitos (CGD) will have to reduce its presence in Cabo Verde and Mozambique by the end of 2020, under the institution’s revised 2017-2020 strategy plan authorised by the European Commission, the Finance Ministry announced in a statement released on Thursday in Lisbon.

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.
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