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APS - Algeria will continue to be a driving force for peace, stability in Africa
ORAN(Algeria)-The ministry of Foreign Affairs and National Community Abroad, Ramtane Lamamra, said Wednesday that Algeria would continue its role as...
APS - Air Algerie: Three new domestic flights to make Algiers airport global hub
ALGIERS- National airline Air Algeria said Wednesday in a statement that it had launched three new domestic flights from Annaba,...
APS - Tosyali steel complex : Over USD800 million of exports in nine months
APS-ORAN(Algeria)- Tosyali steel complex of Bethioua, Oran (432-km west of Algiers) has exported more than USD800 million of goods over...
NNA - Lancement du concours de nouvelles « Le Liban de nos Rêves »
ANI- L’AUF Moyen-Orient et la Banque BEMO, en partenariat avec le Ministère de l’Éducation et de l’Enseignement supérieur et avec...
NNA - كلية طب الأسنان في اللبنانية تحصل على الاعتماد الأكاديمي لعدد من شهاداتها من المجلس الأعلى لتقييم البحوث والتعليم العالي الفرنسي (HCERES)
وطنية - منح المجلس الأعلى لتقييم البحوث والتعليم العالي الفرنسي(HCERES) كلية طب الأسنان في الجامعة اللبنانية شهادة الاعتماد الأكاديمي لأربعة من برامجها، وذلك لمدة خمس سنوات اعتبارًا من عام 2022....
SANA - Le vice-premier ministre omanais examine avec l’ambassadeur Miyya les relations bilatérales et les moyens de les renforcer
Mascate-SANA/Le vice-premier ministre omanais pour les Affaires de la Défense,Shihab bin Tarik bin Taimur Al Saïd, a passé en revue...
SANA - Miqdad examine avec Pedersen les derniers développements de la situation en Syrie et dans la région
Damas–SANA/Fayçal Miqdad, ministre des Affaires étrangères et des Expatriés, a reçu aujourd’hui Geir Pedersen,l’envoyé spécial de l’ONU pour la Syrie...
APS - الجزائر ستواصل الاضطلاع بدورها كقوة فاعلة من أجل السلم والاستقرار في إفريقيا
واج -وهران- أكد وزير الشؤون الخارجية والجالية الوطنية بالخارج، رمطان لعمامرة، اليوم الأربعاء بوهران أن الجزائر ستواصل الاضطلاع بدورها كقوة فاعلة من أجل السلم والاستقرار في إفريقيا وتقديم دعمها الكامل...
APS - الخطوط الجوية الجزائرية: اطلاق 3 رحلات داخلية من اجل جعل مطار الجزائر قطبا عالميا
واج-الجزائر-اعلنت الخطوط الجوية الجزائرية اليوم الاربعاء في بيان لها, عن اطلاق(3) ثلاث رحلات داخلية انطلاقا من عنابة و وهران و قسنطينة باتجاه الجزائر العاصمة, وذلك بهدف جعل مطار هواري بومدين...
APS - مركب الحديد والصلب 'توسيالي' لوهران: تحقيق صادرات تتجاوز 800 مليون دولار خلال التسعة أشهر الأولى ل 2022
واج - وهران - حقق مركب الحديد والصلب 'توسيالي' الكائن ببطيوة(ولاية وهران) عائدات تصدير تجاوزت 800 مليون دولار خلال التسعة أشهر الأولى لسنة 2022، حسبما علم اليوم الثلاثاء لدى المركب....
NNA - Awareness campaign by the national commission for Lebanese women
NNA - The National Commission for Lebanese Women (NCLW) launched an awareness campaign in partnership with the Deutsche Gesellschaft für...
SANA - نائب رئيس الوزراء العماني يبحث مع السفير ميا العلاقات الثنائية وسبل تعزيزها
مسقط-سانا - استعرض شهاب بن طارق بن تيمور آل سعيد نائب رئيس الوزراء لشؤون الدفاع العماني مع سفير سورية لدى سلطنة عمان الدكتور إدريس ميا اليوم سبل تعزيز العلاقات الثنائية...
SANA - الوزير المقداد يلتقي بيدرسون والحديث يدور حول تطورات الوضع في سورية والمنطقة
دمشق-سانا- استقبل الدكتور فيصل المقداد وزير الخارجية والمغتربين اليوم غير بيدرسون المبعوث الخاص للأمين العام للأمم المتحدة إلى سورية والوفد المرافق له، حيث استعرض الجانبان آخر التطورات ذات الصلة بالوضع...
APS - L'Algérie poursuivra son rôle de force agissante pour la paix et la stabilité en Afrique
APS-ORAN- Le ministre des Affaires étrangères et de la Communauté nationale à l’étranger, Ramtane Lamamra, a souligné, mercredi à Oran,...
APS - Air Algérie: lancement de 3 vols domestiques en vue d'ériger l'aéroport d'Alger en hub mondial
APS-ALGER-La compagnie aérienne nationale,Air Algérie, a annoncé mercredi dans un communiqué, le lancement de trois (3)vols domestiques à partir d'Annaba,...
APS - Complexe sidérurgique Tosyali d'Oran: réalisation de plus de 800 millions USD d’exportations en 9 mois
APS-ORAN-Le complexe sidérurgique Tosyali de Béthioua(Oran) a réalisé plus de 800 millions USD d’exportations durant les neuf mois de l’année...
NNA - 'عَ مفرق طريق' للارا سابا كوميديا رومانسية عائلية تنطلق في 15 الحالي عودة إلى القيَم بضحكة "راقية ونظيفة"و"لبنان الجمال" نقيض لبشاعة الزمن
وطنية - أقيم العرض الخاص بالصحافيين لفيلم "ع مفرق طريق" في "غراند سينما" -ABC- الاشرفية، في حضور مخرجة الفيلم لارا سابا وكاتبة النص جوزفين حبشي وحشد اعلامي وناقدين سينمائيين. ...
NNA - ثلاث ميداليات فضية للرباعين اللبنانيين في بطولة الماسترز لرفع الاثقال في اورلاندو في فلوريدا
وطنية - ثلاث ميداليات فضية بلغت حصة لبنان في بطولة العالم للماسترز برفع الاثقال التي اقيمت في مدينة اورلاندو بولاية فلوريدا في الولايات المتحدة الاميركية.
وتمكن الرباعون اللبنانيون اليوم الاثنين،...
SANA - Syria, Oman discuss latest developments and relations
Muscat,SANA-Deputy Prime Minister for the Omani Defense Affairs, Shihab bin Tareq bin Taimur Al Said discussed with Syria’s Ambassador to...
SANA - Mikdad ,Pedersen discuss latest developments
Damascus,SANA-Foreign and Expatriates Minister,Dr.Fayssal Mikdad on Wednesday met the UN Special Envoy for Syria Geir Pedersen and the accompanying delegation...
Lusa - Business News - Portugal: Iberdrola aiming to invest €3M in country 'under current PM' - CEO
Alcochete,Portugal, Dec.7,2022(Lusa)-The CEO of Iberdrola, Ignacio Galán, announced on Wednesday that the Spanish utility plans to invest some €3 million...
Lusa - Business News - Guinea-Bissau: President stresses potential of fisheries sector to fight poverty
Bissau,Dec.7,2022(Lusa)-The president of Guinea-Bissau, Umaro Sissoco Embaló, on Wednesday highlighted the need for the population to use the fisheries sector...
CNA - سفارة الإمارات في نيقوسيا تنظم ندوة نقاشية حول دور المرأة في التخفيف من آثار تغير المناخ
نظمت سفارة الإمارات في نيقوسيا ندوة نقاشية بمشاركة وزارة خارجية جمهورية قبرص لتسليط الضوء على دور المرأة في عملية صنع القرار لمكافحة تغير المناخ وبناء مستقبل مستدام. ...
CNA - Any recession is expected to be mild and short-lived, CBC Governor says at Bloomberg Global Regulatory Forum
Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilise...
Lusa - Business News - Portugal': Government approves rules for future use of bodycams by police
Lisbon,Dec.7,2022(Lusa)-Portugal's government on Wednesday approved for the first time rules for the use of bodycams by officers in the PSP...
CNA - الرئيس أناستاسياديس يشارك في قمة دول الاتحاد الأوروبي التسع المطلة على المتوسط في إسبانيا
يتوجه رئيس الجمهورية نيكوس أناستاسياديس يوم غد الخميس إلى إسبانيا بدعوة من رئيس الوزراء الإسباني للمشاركة في قمة دول الاتحاد الأوروبي التسع المطلة على البحر الأبيض المتوسط التي ستعقد في...
CNA - الرئيس اناستاسياديس يعمل على مبادرة بشأن قبرص بمشاركة الاتحاد الأوروبي
قال الرئيس نيكوس أناستاسياديس اليوم الأربعاء إنه يعمل على مبادرة بمشاركة الاتحاد الأوروبي لتجنب أي أمر واقع تركي جديد على الجزيرة ولتهيئة ظروف تسوية المشكلة القبرصية قبل الانتخابات في قبرص...
Lusa - Business News - Mozambique: Judge in 'hidden debts' case rules defendants to forfeit property
Maputo,Dec.7,2022(Lusa)- The court in Maputo handling the trial relating to Mozambique's 'hidden debts' on Wednesday ruled that the state should...
Lusa - Business News - Portugal: Minister pledges more aid on drought, inflation; EU action also needed
Madrid,Dec.7,2022(Lusa)- Portugal's minister of agriculture said on Wednesday that the country will continue to adopt measures to alleviate the effects...
Lusa - Business News - Mozambique: Ex-president's son, two others ordered to pay $2.8B to state
Maputo, Dec.7,2022(Lusa)- The judge in Mozambique's 'hidden debts' case on Wednesday sentenced the eldest son of former president Armando Guebuza...
CNA - EMFG Ministerial Meeting in Cairo approves Cyprus proposal to set up permanent advisory body
Energy Ministers of the member states of the East Mediterranean Gas Forum (EMGF) agreed on Wednesday on the proposal of...
Lusa - Business News - Cabo Verde: Economic growth above 8% 'almost certain' - PM
Praia,Dec.7,2022(Lusa)-The prime minister of Cabo Verde, Ulisses Correia e Silva, promised in parliament on Wednesday that it is "almost certain"...
Lusa - Business News - Cabo Verde: Opposition criticises government's poor attention to private sector
Praia, Dec. 7,2022 (Lusa) - Cabo Verde's opposition criticised in parliament on Wednesday the government's attention to the private sector...
Lusa - Business News - Portugal: Retail giant gives staff up to €500 bonus as inflation bites
Porto,Dec.7,2022(Lusa)- Portugal's Modelo Continente supermarket chain will pay extraordinary support of up to €500 to workers this month to mitigate...
CNA - Employment increased by 3% on Q3, 2022, according to provisional estimate
Total employment for the 3rd quarter of 2022 increased by3%,compared to the corresponding quarter of 2021, according to a provisional...
Lusa - Business News - Portugal: Forty-eight cases related to Black Friday discounts
Lisbon, Dec.7,2022(Lusa) - Portugal's Food and Economic Safety Authority (ASAE) announced on Wednesday that it had filed 48 administrative offence...
Lusa - Business News - Cabo Verde: Government, UN pleased with cooperation programme progress
Praia, Dec.7,2022(Lusa) - The United Nations and Cabo Verde positively evaluated the implementation of the latest cooperation programme on Wednesday,...
Lusa - Business News - Portugal: EDP 'comfortable' with higher interest rates - CEO
Singapore, Dec. 7, 2022 (Lusa) - Portugal's power utility EDP is "comfortable" in terms of financing to face a period...
Lusa - Business News - Sao Tome: No financial reserves for early 2023 - PM interview
Lisbon,Dec.7,2022(Lusa)-Sao Tome and Principe has no guaranteed financial reserves for the first quarter of 2023, the prime minister, Patrice Trovoada,...
Lusa - Business News - Portugal: TAP crew strike main points
Lisbon,Dec.7,2022(Lusa)-TAP crew members have decided to maintain their strike on Thursday and Friday, called by the National Civil Aviation Flight...
CNA - الرئيس أناستاسياديس يحضر حفل استقبال الأمم المتحدة في ليدرا بالاس
يحضر رئيس الجمهورية نيكوس أناستاسياديس اليوم الأربعاء حفل استقبال مع الزعيم القبرصي التركي إرسين تاتار تستضيفه الأمم المتحدة.
يقام حفل الاستقبال في ليدرا بالاس في المنطقة العازلة من قبل الممثل الخاص...
Lusa - Business News - Portugal: Stock market opens down a quarter percent at 5,838.53 points
Lisbon,Dec.7,2022(Lusa)- The Lisbon stock market opened in negative territory on Wednesday, with the PSI index losing 0.24% to 5,838.53 points...
Lusa - Business News - Portugal: Top newspaper, news magazine headlines on Wednesday, 7 December
Lisbon, Dec.7,2022 (Lusa) - Portugal's 6-1 win over Switzerland in the World Cup features on many front pages this Wednesday....
Lusa - Business News - Cabo Verde: Higher subsidies needed to overcome inflation in 2023




Praia, Nov.23,2022(Lusa)- Cabo Verde's government plans to increase the amount for subsidies in 2023 to 2.022 billion escudos (€18.2 million) to maintain price stabilisation measures in the face of ongoing inflationary escalation.
According to data from the supporting documents for the draft budget for 2023, under discussion in parliament and with a special vote scheduled for Friday, the item subsidies increases by 43.5% compared to the budget for this year "due to the combined effect" of measures to mitigate the economic crisis caused by the war in Ukraine. In measures to support "the empowerment of poor families", namely for water and energy consumption, a budget of 505 million escudos (€4.6 million) is planned for 2023 for "mitigating the increase in fuel" 464 million escudos (€4.2 million) and 68 million escudos (€614,000) for measures to contain the rise in food prices.
Cabo Verde has been facing a deep economic and financial crisis, stemming from the sharp drop in tourism demand - a sector that guarantees 25% of the archipelago's Gross Domestic Product (GDP) - since March 2020 due to the Covid-19 pandemic and is still recovering from four years of severe drought. For 2022, due to the economic consequences of the war in Ukraine, the government has lowered the growth forecast from 6% to 4% and predicts record inflation of 8%, estimated to halve next year.
Meanwhile, the government acknowledged in late October that it needed external support of €40 million to fund measures to mitigate the crisis caused by escalating food and energy prices, which it hopes to close by early 2023.
"The government was able to mobilise half of what was the estimate to support the mitigation measures. So in the short term, from May to this date, we have mobilised 50%. I believe that until the first quarter of next year, we will be able to mobilise more financial means", the secretary of state for foreign affairs and cooperation, Miryan Vieira, said on 26 October.
Vieira made the statement in Praia at the end of a meeting between the government and the country's development partners to assess the support provided following the request for international emergency assistance made by the government.
"We know that according to the financial gap that we have in the budget, Cabo Verde still has to mobilise around €40 million, and we also want to see with bilateral partners because there has been a great mobilisation with the international financial institutions. To ensure greater macroeconomic stability in the country, we must see how to mobilise more funds in the meantime. It is not an easy task to mobilise, but we are also in a position to have support, particularly next year," she added.
As an example of support already closed, Miryan Vieira pointed to the World Food Programme, in the amount of $1.5 million, and the one from the government of Luxembourg, of €3 million to ensure the maintenance of the national school canteen programme.
"And we have also been able to mobilise support to ensure food security, namely with Japan, China and India, Saudi Arabia, Brazil, Portugal and other partners," he further said.
"We have managed to manifest support that will be obtained in the future, particularly from the European Union and some other partners, all to ensure this sustainability. As you know, the government has been making efforts to maintain macroeconomic indicators, to put into execution the programme for economic recovery. And with this, we want to have other kinds of aid that are not only food aid, with the space to prefer, for example, direct budget support. We already have countries that have committed themselves to anticipate the budget support that will soon be made available to Cabo Verde", added Miryan Vieira.
The prime minister declared on 20 June a situation of social and economic emergency in the country due to the impacts of the war in Ukraine, announcing more mitigation measures, mainly to contain the rise in energy and food prices, with a total cost of more than €80 million.
"The situation is one of economic, social and humanitarian emergency in several countries of the world, particularly the least developed countries. In Cabo Verde, we feel the impacts of inflation, the deterioration of the purchasing power of families, food security and the prospects for economic growth. These are the reasons for declaring a situation of social and economic emergency in Cabo Verde, derived from the impacts of the war in Ukraine," Ulisses Correia e Silva said at the time in a statement to the country.
PVJ/ADB // ADB.
Lusa


Agency : LUSA

Date : 2022-11-24 00:15:00







 

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