News from Islands
Lines of credit opened by Portugal in favor of Cape Verde shall remain in force
Praia, Cape Verde, Apr 29 - Credit lines available from Portugal to Cape Verde, totaling 600 million, remain in force and disbursements have proceeded normally, assured Thursday in Praia first Minister of Cape Verde.
At the end of the special session of parliament approved the government program and the motion of confidence to the executive, Jose Maria Neves stated to have information that there are no negative signs that the Portuguese credit line may be in question because of the economic crisis in Portugal .
Portugal's main trading partner, bilateral and multilateral, and the Cape Verde archipelago has provided credit lines worth 600 million euros related to housing (200 million), Renewable Energy (100 million), construction of roads ( 100 million) and port infrastructure (200 million).
In Cape Verde, the number of Portuguese companies has been increasing, with about 200 currently laboring over 2700 and the export from Portugal.
Between January and October 2010, exports grew 21 percent over the same period of 2009, placing 17th in Cape Verde. Of Portuguese exports.
Source: macauhub
