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Issue1697 Jan 2010 8/8
•An Executive Summary of the business news since 1991• All
rights reserved
Highlight:
Budget 2010 – Special issue
Budget: Outlook – Confidence, consolidation, restraint
•Finance Minister Fernando Teixeira dos Santos
presenting his budget statement January 26th described
it as “a budget offering confidence, social sensibility and
rigor in the conduct of budget policy.” He said it was
designed to continue support to the economy and to jobs
and to resume budget”.... Visit DatafilePortugal.com
for more details
Reaction - Rating agencies threaten downgrade
Posted: Sun, 31 Jan 2010 05:02:14 PST
Budget: January 29, 2010 Early market reaction to the
Portuguese Budget statement was not favourable. Both
Moody’s and Fitch ratings agencies warned of the
challenges Portugal faced over the state...
Visit DatafilePortugal.com for more details and more data
Deficit cut to 8.3% of GDP
Posted: Sun, 31 Jan 2010 05:03:12 PST
Budget: January 29, 2010 The Finance Minister’s
statement forecasts the budget deficit will be cut from its
2009 level of 9.3% to 8.3% in 2010 by reducing
government payroll expenditure, restricting...
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Banking - Permanent bonus tax introduced
Posted: Sun, 31 Jan 2010 05:04:13 PST
Budget: January 29, 2010 The budget statement
provides for a special 50% tax on performance bonuses
paid by banks and financial sector in 2010 and
additionally provides for a 35% tax in each...
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BCP directors pensions cut
e-mail:
editor@datafileportugal. com
Posted: Sun, 31 Jan 2010 05:04:49 PST
Stockmarket: January 25, 2010 BCP-Banco Comercial
Português (listed) says it is reviewing the size of the
pension pots and terms of the retirement packages
awarded to a number of former directors...
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Government tightens PPP framework
Posted: Sun, 31 Jan 2010 05:06:16 PST
Investment: January 25, 2010 The government’s latest
master economic plan, the Grandes Opções do Plano,
which is tabled at the same time as the annual budget,
has laid out a further revision of the...
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Polimaia files for bankruptcy
Posted: Sun, 31 Jan 2010 05:07:09 PST
Industry: January 25, 2010 Polimaia SGPS SA based
at Pedra Rubras (north) , Portugal and Portugal’s largest
importer and distributor of perfumes and cosmetics
products says January 24 it has filed...
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BCP directors pensions cut
Posted: Sun, 31 Jan 2010 05:08:24 PST
Stockmarket: January 25, 2010 BCP-Banco Comercial
Português (listed) says it is reviewing the size of the
pension pots and terms of the retirement packages
awarded to a number of former directors...
Visit DatafilePortugal.com for more details and more data
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