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ATA - RETRO event in Korça/A collection of old cars, an attraction of tourists
TIRANA, August 22/ATA/-The RETRO car exhibition in Korça, where collectors have showcased their historical cars, has created a fantastic atmosphere...
NNA - آشلي بولانكو عيسى من الدومينيكان تتربع على عرش الاغتراب لعام 2019
وطنية - توجت ملكة جمال المغتربين اللبنانيين في جمهورية الدومينيكان آشلي بولانكو موديلو عيسى ملكة جمال المغتربين اللبنانيين للعام 2019، وحلت ملكة جمال المغتربين اللبنانيين في كندا مايسي يعقوب...
ATA - Albanian feature film 'Open Door' premiered in main competition of Sarajevo Film Festival
TIRANA,Aug 22/ATA/–Albanian feature film “Open Door” by the young filmmaker Florenc Papa will be screened in the main competition of...
NNA - اختتام الملتقى الكشفي العربي للاعلامي الصغير
وطنية - اختتم "الملتقى الكشفي العربي الرابع للاعلامي الصغير" اعماله اليوم، برعاية وحضور وزير الشؤون الاجتماعية الدكتور ريشار قيومجيان، والذي نظمه الاقليم الكشفي العربي في المنظمة الكشفية العالمية بالتعاون مع...
ATA - Exports to Spain increased 42% in July this year
TIRANA,Aug22/ATA/-Albania has significantly increased exports with Spain during July this year, compared to July 2018.
According to INSTAT, exports of Albanian...
NNA - فكار اغترابية أوستراليا ونادي الشرق كرموا أدباء وشعراء ممثل
وطنية - نظم "نادي الشرق لحوار الحضارات" احتفالا تكريميا لأدباء وشعراء، مقيمين ومغتربين، أقامته "أفكار اغترابية للادب الراقي - أوستراليا" بعنوان "مبدعون من بلادي"، في مناسبة زيارة وفد اغترابي للبنان...
ATA - Number of foreigners living and working in Albania is up 9,7%
TIRANA, Aug 22 /ATA/- Over 14 thousand foreigners have chosen to live and work in Albania.
Statistics Institute published Thursday the...
NNA - لبنان ثالثا في بطولة غرب آسيا لكرة الطاولة
وطنية - شارك لبنان في بطولة غرب آسيا لفرق كرة الطاولة التي أقيمت في العاصمة الأردنية بكافة فئات الفرق المعتمدة إضافة إلى دول سوريا، الأردن، البحرين، الإمارات العربية المتحدة، السعودية...
Lusa - Business News - Portugal: Ryanair 'must observe labour, strike law' during stoppage - government
Lisbon, Aug.23,2019 (Lusa)–Portugal’s government said on Friday that Ireland-based airline Ryanair is not exempt "from having to comply with the...
Lusa - Business News - Mozambique: Government invites Ematum bondholders to accept debt restructuring
Maputo, Aug. 23, 2019 (Lusa) – Mozambique’s government announced on Friday that it would be inviting the bearers of Eurobonds...
Lusa - Business News - Portugal: PSI20 closes Friday down 1.33%
Lisbon, Aug.23,2019 (Lusa)-The Lisbon Stock Exchange ended Friday’s session with a decline in the PSI20 index of 1.33% to 4,792.47...
CNA - اطلاق موقع الكتروني للأعمال الفنية المفقودة منذ الغزو التركي 1974
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
تم اليوم إطلاق موقع إلكتروني للأعمال الفنية القبرصية المفقودة منذ عام 1974، في محاولة لتحديدها وإعادتها إلى أصحابها الشرعيين. ...
Lusa - Business News - Macau: GDP declines 2.5% in H1, 2019
Macau, China, Aug. 23, 2019 (Lusa) - The Macau government admitted on Friday that the territory's economy may continue to...
CNA - السلطات القبرصية تؤكد ظهور حالة أخرى من فيروس غرب النيل وأخرى قيد التحقق
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قالت اليزابيث قسطنتينو المسؤولة الكبيرة في وزارة الصحة أنه لا يزال هناك أربعة أشخاص يتلقون العلاج في قبرص بسبب فيروس...
Lusa - Business News - Mozambique: Japan loans €40.6M for maintenance of Maputo electricity plant
Maputo, Aug. 23,2019(Lusa)-Japan lent the equivalent of €40.6 million to Mozambique on Friday for maintenance and management of the Maputo...
CNA - المتحدث الرسمي باسم الحكومة: تصريحات اردوغان حول قبرص تعكر الأجواء
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قال المتحدث الرسمي باسم الحكومة برودروموس برودرومو أن التصريحات التي أدلى بها الرئيس التركي رجب طيب اردوغان بشأن القضية القبرصية، "أدت...
CNA - وزارة الداخلية تمول مشاريع صغيرة مدروسة للإدارات المحلية في الجزيرة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرح وزير الداخلية قسطنطين بيتريدس أنه سيتم توزيع 4.7 مليون يورو على 103 بلدية وإدارة محلية في جميع أنحاء قبرص...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - Mozambique: US bank to provide €4.5B for natural gas projects
Washington, Aug. 23, 2019 (Lusa) - The US Export and Import Bank (EXIM) is to propose to the US Congress...
Lusa - Business News - Portugal: PSI20 opens 0.23% up at 4,867.41 points
Lisbon, Aug. 23, 2019 (Lusa) – The Lisbon stock exchange opened in positive territory on Monday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Friday
Lisbon, Aug. 23, 2019 (Lusa) – The fall-out from the last truckers’ strike and the planning against another one are...
Lusa - Business News - Mozambique: Moody sees rosier economic outlook, holds sovereign rating at Caa3




Paris, Feb. 18 (Lusa) – US credit rating agency Moody's has upgraded its view of the outlook for Mozambique’s economy, while maintaining the country's sovereign rating at financial default in the wake of the ‘hidden debt’ scandal that emerged in 2016.
The decision mainly reflects Moody's expectation that the restructuring of public debt securities, currently in negotiation, will impose financial losses on creditors that are consistent with a Caa3 rating, the agency’s analysts state in a note released on Saturday.
The Outlook, they write, reflects Moody's assessment that the risks of eventual losses for creditors holding public debt securities that are currently in default are balanced: even if the negotiations do not end successfully, the final losses would probably be between 20% and 35%.
On the other hand, if investors reject the preliminary proposal that was announced in early November, Moody’s views it has “unlikely” that they will suffer significantly higher losses than 35% in a subsequent negotiation.
At the same time, Moody’s argues, Mozambique's ultimate goal is to achieve a financing programme from the International Monetary Fund, which is an incentive for it to achieve a significant reduction in the burden of debt. That, in turn, suggests that losses for creditors of less than 20% are unlikely.
One of the reasons for uncertainty is the judicial investigation that has started into the hidden debts, with the detention of several people involved, including a former finance minister, Manuel Chang, and three Credit Suisse bankers involved in arranging the loans, in addition to a Lebanese entrepreneur.
On Thursday, the authorities in Mozambique detained five suspects, including António do Rosário, a deputy director of public companies that received $2.2 billion in loans.
In addition to Rosário, others detained include Gregorio Leão, a former director of SISE, Mozambique’s intelligence agency, Bruno Tandade, an agent for that agency, Inês Moiane, the personal secretary of Armando Guebuza - president of Mozambique when the state guaranteed the loans without informing parliament, and Teófilo Nhangumele, who allegedly came up with the idea of setting up public enterprises and securing the loans.
On Friday, a court in Johannesburg ruled against releasing Chang on bail. He is to remain on remand in South Africa for now.

MBA/ARO // ARO.
Lusa


Agency : LUSA

Date : 2019-02-19 09:09:19







 

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