AngolaEconomy

Angolan finances strengthen Credit Guarantee Fund

The Ministry of Finance increased the capital of the Credit Guarantee Fund (FGC), with the issue of Treasury Bonds in the amount of 40 billion kwanzas, under Presidential Decree 80/20, of 25 March, on recapitalization of the public business sector. According to Jornal de…
EconomyPortugal

Eurogroup: Member States can request support until 2022

Euro finance ministers met and decided that member states can request support, due to the pandemic, until the end of 2022. The Eurogroup – Eurozone finance ministers’ meeting – met this Friday and agreed on the terms and characteristics that Support for…
EconomyPortugal

Unemployment rate in the first quarter is 6.7%

The unemployed population, estimated at 348.1 thousand people, decreased 1.2% (4.3 thousand) in relation to the previous quarter and 1.6% (5.5 thousand) in relation to the 1st quarter of 2019. The unemployment rate in the first quarter of 2020 stood at 6.7%, advances the…
Portugal

"Support measures didn´t arrive yet."

Afonso Camões, administrator of the Global Media Group, was received in Belém as part of the round of meetings with the media groups promoted by the PR. The media support measures announced by the Government in April have not yet reached the companies, nor does the…
Economy

ECB predicts eurozone GDP decline of 5 to 12% in 2020

The European Central Bank (ECB) forecasts that the eurozone economy may decline between “5 and 12%” this year, reflecting the “great uncertainty” about the economic impact of the covid-19 pandemic, Christine Lagarde said on Wednesday . After the…
Economy

Jumia, the Amazon of Africa that fell from grace

A year after its much heralded debut on the New York Stock Exchange, e-commerce start-up Jumia has shut down in three African states, struggled to turn a profit and got dumped by its original owners…