Saturday, February 11, 2017

Portugal is the EU country with the minimum wage closer to average earnings – the Observer

Portugal is the country of the European Union (EU) with a minimum wage closer to the average wage, although it is the middle of the table in gross terms, according to data released by Eurostat.

According to the cabinet official EU statistics, which released a survey of the minimum salary in force from 1 January 2017 in 22 eu member States – Denmark, Italy, Cyprus, Austria, Finland and Sweden do not apply, Portugal is in the 12.Th place, with a salary of 650 euros (estimated by Eurostat taking into account the existence of 13.º and 14.No. months, the holiday allowances and christmas, now that the minimum wage is currently of 557 euro).

however, points to Eurostat, "the minimum wage can also be measured in relative terms or as a proportion of the monthly wage gross average", and among the member States for which there is data, only three countries had in 2014 a minimum wage of more than 60% of the average gross wage, in particular Portugal (64%), France and Slovenia (both 62%).

With the rise in the minimum wage from 530 to 557 € 01 January the past, Portugal is included in the second group defined by Eurostat, with values between 500 and 1,000 euros, along with Greece (684 euros), Malta (736), Slovenia (805) and Spain (826).

The countries with higher minimum wages are Luxembourg (1.999 euro), Ireland (1.563), the Netherlands (1.552), Belgium (1.532), Germany, (1.498), France (1.480) and the United Kingdom (1.397).

from the opposite side, the States with the lowest minimum wages are Bulgaria (235 euros) and Romania (275 euros), Latvia and Lithuania (380 euros).

The Eurostat note that, expressed in terms of purchasing power – a method that takes into account final consumption expenditure of households, to convert the minimum monthly wages in euro in an artificial unit -the minimum wages practiced are not so disparate among member States, ranging from 501 euros in Bulgaria and the 1.659 euros in Luxembourg, arising Portugal on the 13.Th place among the 22 member States with a value of 793 euros.

finally, in the analysis of the evolution of the value of the minimum salaries in the EU between 2008 and 2017, Eurostat note that only went down in one country, Greece (-14%), having increased in all the rest, and in some cases to double (Bulgaria and Romania, where in 2008 were respectively 112 and 139 euros).

Portugal has registered an increase of 31%, among the 497 euro 2008 and the 650 euros from 2017 (with 13.º and 14.No month).

In the Government’s programme, it is foreseen that the minimum wage in Portugal to reach, in a phased manner, up to 600 euros a month – without considering the subsidies – during the present legislature.


Investment fund and Virgo bought more than 5% of the Hi (Fix) – Jornal de Negócios – Portugal

The Hi has a new shareholder with a qualified participation. The investment fund and Virgo brazilian bought 11,42% of preferred shares of Oi, which gives you access to more than 5% of the share capital. Controlled by the Safra bank, has acquired more than 18 million of preferred shares of the company.

The operation was announced this Friday, February 10, in a statement sent to the CMVM.

The fund brazilian investment ensures that “is not intended to change the company’s control or administrative structure”. But it warns that “you want to do the valley of all their rights accionsta to protect the economic interests of its clients”. The fund points out that “you do not have a goal pre-established to your investment/participation in the company”.

The Pharol holds a stake of 27% in brazilian Oi. On the Lisbon stock exchange, the company led by Palha da Silva is on the rise 5,88% to 41,4 cents, continuing the trend of strong gains that logs since December.

The ex-PT SGPS has recently registered strong gains in the stock exchange of Lisbon to the ride of the news related to the judicial recovery of Oi.

The Pharol closed session Thursday to shoot 15,34% to 39,1 cents, which represents the best session from September 5, 2016, the day that ended the day to value 17,28%. The actions of the company have already doubled in value since December.

First it was the orascom telecom, which decided to extend the validity of the proposal previously presented to the judicial recovery of Oi, which includes a tender offer of up to us $ 1.25 billion.

Then there was the agreement achieved between the Hi and the Samba, which put an end to the “arm-of-iron” which lasted two years, and that reduces the obstacles to that Oi can sell assets that he inherited from the EN, including the participation it holds in the african Unitel.

in Addition to these developments, the Pharol revealed that negotiations with creditors are “evolving” and accepted the possibility of conversion of part of debt into shares.

Meanwhile Bloomberg has reported that the project of change of the General Law of Telecommunications will increase by about 3 billion reais (894 million euros) the value of Oi, according to the estimate presented by the financial advisor to the board of directors of the company.

(Fix: The fund Vigo bought 11% of shares prefericiais and not 11% of the share capital of Oi. The participation in the capital is about 5%)


Auto declaration of the IRS still does not apply this year to those who have children – the Public.en

The Auto Declaration to the IRS that the Finances are going to implement this year the trial will not cover all taxpayers, but only the tax situations more simple. Those who have children, for example, is not yet covered by this simplification measure in 2017.

To clarify this and other questions about the submission of declarations on the income of 2016, the internal revenue service has prepared a guide published on the Portal of Finance – that systematizes the procedures that taxpayers should be aware of.

The changes were already planned in the State Budget for 2017 and these are the rules that the irs is now remember, by calling attention to one or another detail that may have gone unnoticed by citizens. One of them has to do with the time, which from now on were uniformed. Instead of having two phases of delivery of the IRS, there is only one period of presentation of the declaration, more over, during two months. Regardless of the type of income and the IRS be delivered online or on paper, the delivery takes place from April 1 to May 31.

When you get to this time of the year and the taxpayer enter into the Portal of Finance to complete the declaration, some will find a statement of income interim, already populated. Those who do not meet the conditions, you will comply more steps, filling in all the data normally, as it did up here, even though some of the information already appears pre-populated.

those of you Who have tax situations more simple, you will have the statement completed, ready to confirm. Is released the provisional settlement and the factors that led the irs to calculate the deductions to the collection. And to the taxpayer it is important to consider whether "the interim statement corresponds to your concrete situation tax". If so, the document can be confirmed and, by passing to be legally considered to be a declaration delivered, and the provisional settlement becomes final, and explain the Finances.

for this To happen, taxpayers must meet a series of conditions. From the outset, having only income from dependent employment and pensions. Those who pass receipts-green is out of the auto declaration.

it Is necessary still that the yields have been obtained in Portugal, which the taxpayers are permanent residents and that do not have tax benefits. In the same way, only they will have access to this declaration, taxpayers who do not have dependants, not entitled to deductions of ascendants who live in a common housing. This means that, for now, the statement still is only available for those who do not have children. In the case of a taxpayer to pay maintenance, also will not be able to access the auto declaration, because it requires the tax situation is more complex.

those Who do not comply with the requirements and, for this reason, it is not covered by the declaration on automatic, delivery the IRS as up here was, or is, fills in the information on the Portal of Finance normally.

If a person or a couple is covered by the declaration automatic, but check that the information is not entirely correct, does not accept that the treasury has suggested, and delivery the statement "in general terms". Stresses the Ministry of Finance to the PUBLIC that, in this case, should "submit, within the legal term, to the income statement in the usual terms”.

in This first phase, the auto declaration "includes taxpayers whose completing of statement of Model 3 is more linear," confirms Ana Cristina Silva, consultant of the Order of Accountants Certificates (OCC). The estimate of the Government is that it will reach, "potentially", approximately two million taxpayers, said the Ministry of Finance.

The best of the Public, e-mail

Subscribe to the free newsletter and receive the best of today and the work the deepest of the Public.


in This document, drawn up about the IRS, the irs still reminds what are the deadlines to which the taxpayers are to give attention to in the coming weeks because of the E-Invoice.

To query, confirm or register the bills missing the deadline ends within a few days, on the 15th of February. And another date: between 1 and 15 March, when the start all the invoices that are already recorded, is the period of claim for cases in which there are problems with the invoices that entitle to the deduction for income tax (expense general and family members, and the expenses with the right to deduct a portion of the VAT).

The guide from the IRS on the Portal of Finance may be consulted from here.


The plan of the Trump and rise of the oil takes Wall Street to new record – Jornal de Negócios – Portugal

The industrial index Dow Jones has opened to add 0.25% to 20.223,20 points, that is a maximum of always – being the third day in a row to score records.

the Standard & Poor’s 500 continues to set new record levels for a second session followed, advancing 0.20% to 2.312,41 points.

The index of technological Nasdaq Composite goes along with the trend, gaining 0.26 per cent to 5.730,07 points – the highest value always.

The help to the positive movement were the statements of president Donald Trump, who yesterday promised to brief a tax reform for companies, which ensures that it will be “phenomenal”.

According to Binky Chadha, strategist at Deutsche Bank, the escalation of the squares of the north-american that has been observed since the victory for Trump in the presidential elections of the past November 8 “is only at the beginning”.

on A note of “research”, which was released by Bloomberg, Chadha says she is convinced that the “rally” scholar is simply a reflection of the removal of the element of uncertainty, and it is estimated that the recent gains are to continue, as corporate profits and the economy are improving.

at A time when more than half of the companies listed in the S&P 500 have already submitted their accounts, the balance is positive: about 75% have exceeded estimates for earnings and close to 50% reported sales above expectations, according to data compiled by Bloomberg.

as in the past, also the appreciation of the price of oil is contributing to this rise in of the exchanges of the other side of the Atlantic, given that is driving the securities linked to the energy.

After you have strengthened with the announcement yesterday of an unexpected drop of the reserves of the north-american gas station, today the “black gold” continues on a high, excited by the fact that the Organization of the Petroleum Exporting Countries (OPEC) to be to fulfill almost completely (90%) to cut output as promised.

On September 28, in Algiers, the members of the cartel – against general expectations – have reached agreement to limit production, something that has not happened eight years ago. The raw material valued immediately in the main international markets. But the optimism gave way to caution and investors wanted more evidence, since this reduction was not quantified.

And then, to November 30, in new meeting of the OPEC – this time in Vienna – it was decided that the production of crude oil would be cut by 1.2 million barrels per day from January 2017. The implementation of the commitment made on 28 September left the markets euphoric, with the raw material to fire more than 8% in London and New York, to levels not seen since February.

right at the end-of-the-week following, 11 producers from outside the cartel have taken the same objective – being the reduction of these estimated 600,000 barrels per day (with Russia taking half of that goal).

however, despite remaining bullish, the tempers calmed down, the fears that the OPEC once again did not comply with what is proposed. Now, with the first data to come out, the cartel proved to be serious in their commitment. And although the International Energy Agency (IEA) have warned of the possibility of these cuts could be “overshadowed” by increases in production in other countries such as Brazil and the USA, the market is reacting with “joy” and the optimism of the investors is to sustain the prices.


Friday, February 10, 2017

City Citigo comes face-washed News Journal

Engine 24

the front of The model gets new lines and the interior gets an upgrade in visual and equipment. After having announced the Octavia RS 245 and the versions SportLine and Scout for the Kodiaq, was presented one of the novelties of the Skoda for the Geneva motor show.

in This case is the city Citigo, which you see your visual up-to-date, highlighting the changes in the front section where there is a new bonnet, bumper, grill, and optical units with visual signature, LED light-up function on the curve for the fog lights.

Looking to give an image the youngest to the Citigo, the Czech brand also introduces two levels of equipment the higher Ambition and Style (there are still the Easy and the Active) a Colour Pack that allows you to get the door mirrors and roof in a contrasting tone, white or black. [...]

To know more click here:


Treasure back Wednesday to the markets to auction short-term – Jornal de Negócios – Portugal

A week after the bond issues where raised 1.180 million euros paying more than in comparable operations, the Treasure the Portuguese return to the markets, this time for two auctions of short-term – three and 11 months.

according To a statement sent by the IGCP – Agency and Treasury Management of the Public Debt, the institution that manages the sovereign debt, is expected to raise between 1,000 and 1,250 million euros, a value that is above the initially expected – that pointed to between 750 million to 1,000 million euros.

Treasury bills to which they relate these two auctions are due in May 19, 2017 and 19 January 2018. In both cases, it is the reopening of existing lines.

In the last auction of comparable conducted on 19 October, the Treasury placed the maximum amount desired – 1,250 million euros, with interest rates negative in the mature short form (-0,012%) and interest of 0.06% in the period to 11 months.

Already in the last operations of short-term funding carried out in the case, in maturities 6 and 12 months -18 last January, Portugal was able to rates historically negative, taking advantage of the height of the market conditions favourable.

the financing plan of The IGCP, in respect to the first quarter of 2017 and the auction of Treasury bills, pointed out to raise, in total, between 3.250 and 4,000 million euros in the three operations mentioned.

(News updated at 16:57 with more information)


Elsa Roncon Santos leaves the position of director-general of Treasury and Finance – the Observer

The director-general of Treasury and Finance, Elsa Roncon Santos, will leave the post and is replaced internally from Monday, until it is selected another person, a process that the Government intends to undertake "as soon as possible".

In a statement, the Ministry of Finance states that the director-general of Treasury and Finance (DGTF), Elsa Roncon Santos, "shall cease all functions, at your request, from the 13th of February 2017" and that is going to perform "as soon as possible the process of selection and appointment of the new Director-General of Treasury and Finance".

however, until this process is completed, the place will be taken, "substituting", by the current director-general, Maria João Araújo.

The Finance stress that the team led by Elsa Roncon Santos, who began work in 2011, "led the destinies of the DGTF in a period particularly demanding for the public administration, in particular for the services of the Ministry of Finance".

Cited in the note, the assistant secretary of State and of Finance, Ricardo Mourinho Félix, thanks to the "competence, loyalty and sense of responsibility in pursuing the public interest with which he served his duties over more than a year of working together".


Fuels lead inflation to highest since 2012 – the Public.en

price Index of the group of energy products rose 7,41% compared to January 2016

The rate of inflation registered in January a variation of 1.3% in relation to the value registered in the first month of last year. The variation is the highest since December 2012, and reflects in large measure the acceleration in fuel prices.

To disclose on Friday the estimate of the value of the Consumer Price Index (CPI), the National Institute of Statistics (INE) note how this variation is mainly due to rise in fuel, which is confirmed when looking to the so-called "underlying inflation". This indicator measures inflation excluding the unprocessed food and energy – and where the annual variation is only around 0,5%, the same value as that recorded in December.

as for the monthly variation of the IPC further reveals the INE, was negative, with a decline of 0.6%.

contributed To this negative evolution of the prices in the clothing, as a result of the sales period which occurs usually at the beginning of the year, the footwear of woman and of the international flights". Already in the positive sense, the INE highlights the segment of the "diesel, fresh fish or frigorificado of new cars, gasoline and fish, crustaceans and molluscs, dried, salted or smoked".

The best of the Public, e-mail

Subscribe to the free newsletter and receive the best of today and the work the deepest of the Public.


the index of The group of energy products was 7,41% above the previous financial year, registering a variation of approximately 5.38% in the transportation segment.

In the clothing and footwear, accessories, household equipment and current maintenance of housing, as well as on the content of the health products there was a decline compared to January of last year. Opposite trend to that observed in the index of housing, water, electricity, gas and other fuels, alcoholic drinks and tobacco, communications, education, restaurants and leisure segment, and culture.

The annual variation in the Harmonised Index of Consumer Prices (HICP) was 1.3%, when the value estimated by Eurostat for the euro zone is 1.8%. As for December, the monthly variation was 0.7%.


Iberdrola wants 15% of the domestic market by 2020 – Money Live

Iberdrola, a leader in Portugal in the segment of industrial customers, is looking to grow in the residential market. The Spanish company has a total quota of 17%, but the commercial director of the electrical in Portugal recognizes that, in the domestic segment, everything is still to do. Or better, Iberdrola already has 100 thousand customers of electricity and gas, a share that is still "very low". The goal, says Carla Costa, is to reach 2020 with 15% of the market share in the residential market. "At a minimum", he underlined.

Carla Costa spoke to the Money Live on the margins of the official presentation of the System Eletroprodutor of the Tâmega, which yesterday took place in Ribeira de Pena, district of Vila Real. This is a project that includes the construction, at the same time, three dams – Daivões, Alto Tâmega and Gouvães, this last with pumping system -an investment of € 1.5 billion and will be completed in 2023. Up there will generate to 13,500 direct and indirect jobs in the region. "The System Eletroprodutor Tamega is the largest in the sector hydropower Portuguese in the last 25 years, representing more than 50% of the goal of the National Programme of Dams of High Hydroelectric Potential", stressed the responsible business of the company.

When completed, the complex will have an installed power of 1.158 mw and an annual production to 1,760 gigawatts per hour, or 6% of the electric consumption of the country, which "proves the commitment of Iberdrola with Portugal," he pointed out, in his turn, the director general of the Business Liberalised International.
Aitor Ce stressed the "fundamental role" of these dams in the fight against climate change. The system will prevent the import of more than 160 thousand tons of oil per year and the emission of more than 1.2 million tons of CO2 annually, ensures Iberdrola.

on the other hand, the use of the pumping hydroelectric power plant in the central Gouvães allows you to store the energy by pumping water from the reservoir to the bottom of Daivões to the upper reservoir of Gouvães. Whenever the needs demand, this stored water will be used to produce electricity to be turbo-charged to the reservoir of Daivões. "The use of the pumping hydro power presents itself as the most efficient method for storing energy on a large scale, reinforcing the commitment of Iberdrola with the increment of renewable energy is essential for reduction of emissions and for the development of a model for sustainable energy", underlines the power.

the secretary of State for Environment, highlighted the contribution of this investment to the fulfillment of the commitments undertaken in Paris in the reduction of dependence on fossil fuels is concerned. Carlos Martins has promised that the Government and the authorities of the environment will be "very attentive to the compliance of the measures recommended by the Environmental Impact Statement" and declined to comment on the challenge that the project deserves on the part of environmentalists and civic movements local. "Now is not the moment to undermine your progress," he considered, remembering that the development will already in the middle.

The largest volume of the work will focus between 2018 and 2020. For example, to have already been still made only 10% of the excavation works, which terãod and be fully completed by the end of the year. Of the 70 Portuguese companies involved in the construction – MSF, Mota-Engil, or Edivisa, for example – 15 are local. Iberdrola has allocated, you have 50 million euros to projects of social and cultural activities in the six counties involved.

With 30 million customers around the world and installed in 40 countries, with 33 thousand workers, the Iberdrola is one of the five largest energy companies in the world and the world leader in wind energy. Account with over 14,700 megawatts installed from renewable energy. In Portugal, Iberdrola amounted, at the end of 2016, more than 180 thousand contracts and seven terawatt/hours of energy.


Navigator will invest 206 million euros at the plants in Cacia and Figueira da Foz until 2018 – RTP

“The decision to move forward with the construction of the new line [in the Cacia mill] was conditioned to the achievement of a set of factors, namely the provision of a package of fiscal and financial incentives, that, at this time, are already finalised,” says the company in a press release published today by the Commission for the Securities Market (CMVM).

The intention of investing in the Cacia mill was reported by the paper group, there is little more than a year, at the end of 2015, when he made known his project Cacia construction of a production line of paper `tissue` (used in toilet paper and paper tissues) and its transformation into the final product, with a nominal capacity of 70 thousand tons per year.

Now, the Navigator said to have gathered “the whole of the conditions required” to achieve this investment of 121 million euros, with the signature of the funding contracts, have advanced with the development of the project.

“the estimated time for The completion of new lines of production and transformation of `tissue` is the second half of 2018, and provided that the disbursements on this investment are apportioned between 2017 and 2018,” explains the company.

To achieve during the first half of 2018 for the project to increase the capacity of the industrial town of Figueira da Foz, 70 thousand tons, 650 thousand tons of pulp bleached eucalyptus (PULP) per year, the Navigator will invest 85 million euros, but has already applied to financial and tax incentives.

In the statement, the Navigator admits to being “concerned” with the intention of the Government to prohibit the planting of new areas of eucalyptus and only allow plantations to new areas by trade with the plantations already existing.

The company announced today that it has closed 2016 with an increase of profit at 10.7% to 217,5 million euros, against 196,4 million euros in 2015.

In a statement to CMVM, the company realized a reduction of 3.1% in the volume of business, in the face of 2015, and results before taxes, interest, depreciation and amortisation of the total sales of the company (EBITDA) of 397,4 million euros, up from 390 million euros in 2015.


Thursday, February 9, 2017

Vila do Bispo is the municipality more transparent to the Algarve – South Information

Government approves programme of extraordinary regularisation of precarious jobs in the State – Jornal de Negócios – Portugal


Integration depends on the request of the precarious and excludes some careers – Public.en

the Process of integration of precarious will be the position of Vieira da Silva, minister of Labour

the identification of The poor that must be integrated in the frames of the State will depend on an express request on the part of workers that their situation be examined, and let out special careers that have schemes own binding. The indication was left on Thursday by the minister of Labour and Social Security, Vieira da Silva, at the end of the Council of Ministers approved the programme for extraordinary regularisation of the links in precarious jobs in the Public Administration that will be in effect until the end of 2018.

The program, explained Vieira da Silva, "is intended to cover all cases concerning the jobs – not covering the careers of the special regime which have their own binding rules – respond to the permanent needs of services of the central administration of direct and indirect, including state-owned enterprises".

Asked about the careers that are left out – and that may include doctors, teachers (who already have an ongoing process of regularisation), or the military – the Ministry of Labour and Social Security, responsible for driving the process, do not respond in a timely fashion. Out are also the local authorities.

Until the end of March, will be formed committees in each of the ministries, where they will be representatives of the ministries of Labour and Finance, of guardianship and of the trade unions. These are structures that will analyze, netre March and October, if workers meet the requirements to be able to access the program.

However, this assessment is not automatic and will be made upon the request of the workers. At the end of the Council of Ministers, Vieira da Silva explained that "the transformation of the link must from the will of the worker". "We can’t do a transformation of the type on its own motion without that it is a requirement", it stated, pointing out that in some cases, while admitting that they may be few, there may be people that want to maintain a link to the temporary.

Although the program has been approved today, details will only be presented to the Assembly of the Republic at the end of the first quarter. "The legal issues and procedural will be presented at that time," said the PUBLIC official source of the Ministry of Labor.

Until October, Vieira da Silva hopes that the work on the ground, and the legislature is finished, "and from thence, between 2017 and 2018, all of the situations identified as likely to [be integrated]" will be covered.

The best of the Public, e-mail

Subscribe to the free newsletter and receive the best of today and the work the deepest of the Public.


Although the report submitted last week point to the existence of 116 thousand links to temporary State (89.400 in the central administration and the remaining in place), does not identify the workers in illegal situation.

The work of the various committees passes, which is precisely why identify who is to perform the functions of the permanent without contractual link suitable. Only then will it be possible to have notion of the universe of people to cover with oprograma and of the integration model. "For each case the shape of the legal form of the integration will be different," said official source of the Ministry of Labor.

"today There are several situations in the Public Administration. For example, a stand of permanent job that is to be occupied by a worker in the green receipt; a work station permanently occupied by several workers (sample of Contract Employment-Insertion) or even permanent jobs that are to be occupied in the regime of outsourcing," added the same source.


US court keeps the suspension of the decree of anti-immigration –

The newsroom

access_time 9 feb 2017, 21h46

A federal appeals court of the United States kept unanimously on Thursday the temporary suspension of the decree of the american president, Donald Trump, to restrict entry into the U.S. travelers from seven muslim-majority countries.

In response, the president said through his Twitter account: "see you in court. The security of our nation is at stake!"

The decision of the 9th Court of Appeals of the United States occurs after the contestation of the States of Washington and Minnesota to the decree. The U.S. Supreme Court will determine the outcome of the case.


Increases and return of 4.º level of family support already in March – the Public.en

Was published this Thursday on the ordinance that updates the amounts of the family allowance for children and young people, as well as pre-natal and grant of funeral. The ordinance still refreshes the amounts of bonus due to deficiency of the family allowance for children and young people, the monthly allowance for life and the allowance for assistance of a third person.

The family allowance, where the Government decided to recover the 4.No step had been eliminated in 2010 for children up to three years of age, the increases should cover about 130 thousand children, according to the accounts that the minister of Social Security, Vieira da Silva, released when the measure was announced, in October 2016.

The increases will be phased. But that is soon set is that, in relation to 1.Th income bracket, the monthly amounts of family allowance for children and young people shall be of 146,42 € for children with ages less than or equal to 12 months. From that age and up to 36 months, the value updates to the 54,90 euros until 30 June 2017, rising after that date for the 73,21 € monthly. In the case of children older than 36 months, the amount is fixed in the 36,60 euros.

In the 2.Th income bracket, the amounts will be updated to a maximum of 120,86 euros, for babies up to one year of age, and a minimum of 30,22 euro, from the age of 36 months. Between one amount and another, the increases will be phased: by June 2017, the babies between one year of age and the 36 months they receive 45,33 euro until 30 June, increasing again to the 60,43 euros from that date.

Already at the 3.Th step the maximum and minimum values oscilarão between the 95,08 eur, for children up to 12 months, and the 27,35 euros for children or young people with more than 36 months. In the interval, the increases will be for 38,64 euros up to June and to the 49,93, thereafter.

The ordinance resets now also the 4.Th income range for children up to 36 months of age, which will benefit from a grant of 9,46 euros up to June and 18,91, from 1 July.

In the allowances provided to large families and single-parent, the amounts benefit from an upgrade of 35%.

In the case of the allowance on pre-christmas values are saved shall walk in between the 146,42 € monthly, for the 1.Th income range, and the 95,08 eur in relation to the 3.Th income bracket. If the pregnancy takes place in a context of single-parental, the value is also increased by 35%.

The best of the Public, e-mail

Subscribe to the free newsletter and receive the best of today and the work the deepest of the Public.


The grant funeral will be 214,93 euros.

In the case of the subsidy for disability, the values will be of 61,57 € for children up to 14 years, 89,67 for holders between 14 and 18 years, and 120 euros for beneficiaries between the ages of 18 and 24 years. The monthly allowance for life rises to the 177,64 euros and the allowance for assistance from third-person 101,68 eur.

according To the Ministry of Labour, Social Security and Solidarity the beneficiaries of the family allowance will receive in March the updated values, "with the exception of a significant increase introduced in the new age group of 12 to 36 months and the replacement of the 4.Th step, which requires a development, more complex of computer systems". In these cases, the beneficiaries will have to wait until April, but "this ordinance shall take effect from last January, so that the processing will be offered retroactively".


Vila do Bispo is the thirteenth local authority more transparent in the country | 09 Feb 2017 10:18 – South Region

according To the data presented by the non-governmental organization TIAC – Transparency and Integrity, Civic Association, the Municipality of Vila do Bispo is on the 13.Th place in the ranking of the 308 municipalities more transparent the country, whose score for the year 2016, puts the Village of the Bishop as the local authority more transparent to the south of the Tagus, and the tenth third most transparent in the country.

The results were known yesterday, February 8, in a ceremony that took place at the University of Aveiro, which can be consulted via the following link:

Before this result, the city council welcomes the position of the conquered, a time that reflects the goals of the current Executive led by the president Adelino Soares, and that is based mainly on the effort to implement a municipal management that is rigorous and transparent, the that allows you a greater knowledge of the activity the city council.

it is recalled that, in 2015, Vila do Bispo won the tenth place at the national level by getting a score of 81,32 % in ITM and that in 2016 I’ve got the 13th place, with a score of 92,86 % in the ITM, however, despite getting a lower position in the ranking at the national level, has released more information to citizens than in the previous year (+11,54 %).

In the indicators Relationship with the Company, Transparency in Economic, Financial and Transparency in the area of Urbanism, the city council is satisfied with the results, once obtained 100% of the rating assigned to these indicators in Transparency Index Municipal.

it should be noted that the ITM measures the degree of transparency of Municipal councils through a review of information available to citizens on the web pages of municipalities, whose method consists of 76 indicators grouped in seven dimensions, namely: 1) Information about the Organization, Social Composition and Functioning of the Municipality; 2) Plans and Reports; 3) Taxes, Fees, Tariffs, Prices, and Regulations; 4) Relationship with the Company; 5) Public Procurement; 6) Transparency of Economic-Financial; 7) Transparency in the area of town Planning.

it should be noted finally that, the TIAC, is a non-governmental organization, which has as its mission to combat corruption, assessing the degree of transparency of each municipality, where for the purpose shall undertake a review of information available to citizens on the websites of the municipalities. The TIAC is the representative in Portugal of the global network of anti-corruption watchdog Transparency International.




The owner of the Booking purchase Momondo for 550 million – Jornal de Negócios – Portugal

The Momondo will have new owners. The booking platform for flights, hotels and cars online will be purchased by the group Priceline, owner of the rival Booking.

The deal was confirmed by the two companies and will freeze on the $ 550 million, equivalent to 514 million euros. The operation must be closed at the end of 2017, after evaluated by the regulators of the competition.

The group Momondo, with offices in the Uk and Copenhagen and currently held by Great Hill Partners, integrates the platform of the same name and even the Cheapflights, which allows you to compare the prices of flights.

After the business with the group, Priceline, Momondo will become part of the brand Kayak.


Exports increased by 0.9% in 2016 – Express

In the fourth quarter of 2016, the exports increased by 4.9% and imports increased by 6.4% compared to the same period last year, according to the International Trade Statistics published this Thursday by the National Statistics Institute (INE). So, closed the accounts for 2016, exports of goods increased by only 0.9% over the year , “which represents a deceleration compared to the increase of 3.7% recorded in 2015″, points out the report.

imports of goods, in turn, increased by 1.2% in the last year, which also represents a slowdown, though to a lesser extent”, because in 2015 increased 2.2%.

Thus, the trade deficit reached 10.766 million euros in the past year: increased by eur 281 million compared to the previous year.

according To the data of the INE, were the products ‘Fuels and lubruficantes’ who pushed the slowdown. Excluding this category, exports and imports grew by 2.4% and 4.8% in 2016, respectively (in 2015, the increases were 4.3% and 7.0%). In this case, the trade deficit stood at 7.641 million, which represents an increase of 1.405 million over the 2015.


Navigator will invest in spite of being concerned with the policy for eucalyptus – Jornal de Negócios – Portugal

The Navigator Company, the name adopted last year by the Portucel has decided to proceed with the investment of 121 million euros in its factory in Cacia and also intends to achieve another boost in its drive from Figueira da Foz and is budgeted at 85 million euros.

the presentation of The results of 2016, this Thursday, the company says, “it is estimated to have gathered the whole range of necessary conditions for the realization of the investment in Cacia in the area of “tissue” (used in toilet paper, paper tissues or kitchen paper).

The project involves the construction of a line of production of tissue and transformation into the final product, with a nominal capacity of 70 thousand tons per year.

“The decision to move forward with the construction of the new line was subject to the achievement of a series of factors, namely the provision of a package of fiscal and financial incentives, that, at this time, already finalized,” said the Navigator.

The paper group adds that “upon the signature of the funding contracts, the Board of Directors decided to move forward with the development of this project”, pointing now that the estimated time for the completion of new lines of production and transformation of tissue that have been announced also in 2015 is the second half of 2018, and provided that the disbursements on this investment are apportioned between 2017 (about 40%) and 2018.

The group had also announced last year the intention to develop a project in the industrial town of Figueira da Foz, estimating the value of this value investment in about 85 million euros.

The Navigator adds that it presented an application to a set of financial and tax incentives, which is still pending for consideration by the AICEP, and it is estimated to get an ok by the end of the first quarter of this year.

This project, explains, “aims at an improvement in production efficiency and a capacity increase of 70 thousand tons, for a total production of 650 thousand tons of bleached eucalyptus pulp (BEKP per year”, and it is envisaged that the completion of the work during the first half of 2018.

The group stresses, however, that “we see with concern the Government’s intention in approving, in the framework of the reform of the legislation that regulates the forestry sector, a law that prohibits the planting of new areas of eucalyptus, only allowing plantations to new areas by trade with the plantations already existing in marginal areas and low-income”.

In his view, this proposal, “which lacks any technical foundation and the environmental, does not take into consideration the importance of eucalyptus to the national economy and will cause further difficulties in a sector where there is already an imbalance between supply and demand, and that currently already imports about 200 million euros of wood per year”.

The Navigator says, “has worked in a constructive way, either directly, or through their association in the sector, in order to give the input necessary to try to minimize the negative aspects of this legislation”.

In October 2016, in the presentation of the results of the third quarter, the company claimed to still have “questions to clarify” regarding the conditions of the market as well as the possible restrictions at the level of access to the wood.

under the agreement to be that the HP came with the Greens for a solution developed by the government, took the written commitment of halting “the expansion of the area of the eucalyptus, in particular through the repeal of the law that liberalizes the planting of eucalyptus trees, creating a new legal regime”.


Branch of BPI in France layoff 50 workers – Express

More than 50 workers of the branch of BPI in France will leave the bank until the end of march, following the closure of seven agencies in the country. At the end of January, the BPI, closed definitely the agencies of the branch of France, located in Argenteuil, Boulogne, Champigny, Drancy, Melun, Saint-Germain and Villejuif, keeping in operation only the agency headquarters in Paris, and the agency of Lyon.

This slimming of the commercial network will be accompanied by the output of more than 50 workers. The second confirmed to the Lusa sources of trade union, in recent months, the BPI has been negotiating with the trade unions, the French, the financial conditions of the output of these workers with the supervision of the labor authorities in france. A part of the employees will come out definitely of the BPI already at the end of this month and the remaining in the end of march. There are still two workers that belong to the BPI in Portugal who were displaced in France and that will return to their places of origin.

These closures happen at a time when the BIS goes on to be dominated (84,5%) by the Catalan CaixaBank. According to the prospect of the operation of public acquisition (OPA) of CaixaBank in the bank of portugal, the new owner of the bank was admitting to come to reduce the staff of 900 workers. This Wednesday, at the conference of press that presented the results of the tender offer, Gonzalo Gortázar, the chief executive officer of the institution, the Catalan said that “if it is a number only indicative. Do not anticipate a change in the policy followed by the BIS in recent years”. The manager has transmitted calm to the employees of the BPI: “don’t anticipate collective dismissals and terminations will always be by mutual agreement,” he said. Before that, Fernando Ulrich (who is now non-executive chairman of the BPI) said that to reduce 900 employees over three years is an effort equivalent to the one that the bank has done in the last several year s.

In fact, the BIS has been, in recent years, to reduce the number of workers. Moreover, the slimming of structures has been common to the major banks operating in Portugal, in an attempt to improve their outcomes. Only in 2016, came out of the bank 392 workers in Portugal, a number that “excludes temporary work”. In terms of costs, the BPI spent with personal 289,4 million euros, less than 1.5% over 2015. However, this value does not include the costs that the bank had with early retirement, of 59.7 million euros, but also do not consider the savings arising from the revision of the Collective Labour Agreement of the banking sector, totaling 42.9 million euros.

In the total activity of the domestic and the international, the BPI Group had, at the end of 2016, 8.157 workers, less 372 employees, which meant that in the activity outside of the Uk the bank has hired 20 people in net terms. The BPI Group had profits of 313,2 million euros in 2016, more to 32.5% of that in 2015, more than half relating to the international activity, in particular to the Banco de Fomento de Angola (BFA).


Wednesday, February 8, 2017

Job creation explains 91% of the reduction of unemployment – Express

there have Been nine in every 10. This is the contribution of increased employment to the reduction of unemployment in the fourth quarter of 2016. The numbers of the National Statistical Institute (INE), disclosed this Wednesday, do not leave margin for doubt. In the last three months of last year, the employed population in Portugal increased from 82.1 thousand people, in comparison with the same period of 2015. Already the reduction of the unemployed population was of 90,7 thousand people. Accounts made, the job creation net explained 90.5% of the reduction of unemployment.

The weight of the increase of employment in reducing unemployment was critical. But, it was not always so. After the black year of 2013, when at the height of the economic crisis the unemployment in Portugal exceeded 17%, the unemployment started to go down, but job creation net explained only a portion of this reduction. In 2014, in annual average terms, employment growth is explained little more than half (54,3%) of the reduction in the unemployed population. The rest was due to the unemployed persons who "disappeared" from the statistics of the INE, either because they have emigrated and left the country, either because they have stopped actively seeking a job, going to be classified as inactive. More still, much of the employment created at that time was the result of internship programs and employment support, developed by the Institute of Employment and Vocational Training.

Since then, the situation has been changing. For the better. The numbers annual average of the INE show that the contribution of job creation and the net reduction of the unemployed population has been increasing, reaching 61.9% of in 2015 and 76,9% in 2016.

unemployment Rate closes in 2016 in the 10.5%

the data from The INE show that the unemployment rate in Portugal was in the 10.5% in the fourth quarter of 2016 (value not adjusted for seasonality). This number remained unchanged compared to the previous quarter and is lower by 1.7 percentage points from the second quarter of 2015," says the Institute.

Already in terms of annual average, the unemployment rate was 11.1% in 2016. A value that "represents a decrease of 1.3 percentage points compared to 2015". Even more, this number is lower than the Government’s forecast of 11.2%, which had been recorded in October in the State Budget for 2017. At the beginning of the year in the State Budget for 2016, the Executive António Costa pointed to an unemployment rate in 2016 of 11.3%.

the unemployment rate of young people (aged 15 years to 24 years) stood at 28% in annual average terms, in 2016, a value of 4 percentage points below the previous year. But, that means that 101,8 thousand young people were actively seeking employment, without being able to find.

The unemployed population was estimated by the INE in 543,2 thousand persons in the fourth quarter, which represents a decrease of 1.2% compared to the three previous (less than 6.3 thousand people) and a reduction of 14.3% in homologous terms, that is, in relation to the fourth quarter of 2015 (less 90,7 thousand people).

Already the employed population was estimated at 4643,6 thousand persons in the fourth quarter of 2016, registering a decrease of 0.4% compared to the previous three months (less by 17.9 thousand people), and an increase of 1.8% on equivalent terms (more from 82.1 thousand jobs in net terms).

Considering the annual average values, the unemployed population was estimated by the INE in 573 thousand people in 2016, less up 11.4% on the previous year (less than 73,5 thousand people). Here, we highlight the long-term unemployment, which remained very high. The proportion of the unemployed seeking employment for at least 12 months was of 62.1%. That is, 355,6 thousand people. Even so, this proportion fell by 1.5 percentage points over the 2015.

Services with the biggest increase in employment

No surprises, the services are the sector with the biggest increase in employment in the fourth quarter of 2016, compared with the same period of 2015. Were more 52,9 thousand jobs in net terms. Here, we highlight the area of logistics (transport and storage) and the information and communication activities, with more 36,9 thousand jobs. Activities financial, insurance and real estate contributed by 22.1 thousand jobs to increase employment.

Also the industry, construction, energy and water recorded a significant increase in employment, with more 45,6 thousand people employed. In these sectors, the INE highlights manufacturing industries and construction, with an increase of employment in 18,8 thousand people, 19 thousand persons, respectively. After the strong crisis in the sector, construction is recovering employment.

On the contrary, employment in agriculture, livestock, hunting, forestry and fishing shrank and 16.4 thousand people. In the Public Administration and defence; compulsory social security; education; and health activities and social support, the reduction was 5.8 thousand jobs. Since trade; repair of vehicles; and hotels and restaurants were conspicuous by their stability of employment, with a slight increase, in the aggregate, of 700 people.

Almost 124 thousand young "neither-nor"

Is one of the numbers more worrying about the young Portuguese. The data of the National Statistical Institute (INE) indicate that in the fourth quarter of 2016 had 123,8 thousand young people, of 15 years to 34 years, in Portugal, nor studying, nor working, nor looking for a job. That is, 42% of young people known as "neither-nor" were in inactivity. The remaining 58% of the young people in this age group who were not employed, they were neither in education or training were classified by the INE as unemployed, or is, sought actively a job and were available to work.

The Shuttle had already called attention to this problem in November of last year. At the time, the data of the third quarter of 2016 showed that there were 136,3 thousand young people neither studying, nor working, nor looking for a job. A number which meant that the proportion of inactive among the young "neither-nor" reached 45.2 percent.

Since then, the numbers have fallen. However, they remain above those recorded in the third quarter of 2015, when 114,6 thousand young people aged from 15 years to 34 years neither studying, nor working, nor looking for a job. At that time, the proportion of inactive among the young "neither-nor" was by 36,7%.


Young people “neither nor” drop in 2016 but continue to be more than 300 mil – Observer

The number of young people aged 15 to 34 years who does not have a job and is not studying or training remained in 2016 above 300 thousand, although it has reduced by 0.3 percentage points over the 2015.

according To the data released by the National Statistics Institute (INE), this Wednesday, on the set of 2016, with a share of 13.2% (301,1 thousand) of the total of 2,279 million young people aged 15 to 34 years, had no job and were not studying or in training.

The pair of young unemployed (15 to 24 years old in 2016 stood at 28%, down four percentage points compared to 2015),the european institutions have shown strong concerns with the high number of young people not working nor studying or are in training.

in Comparison to the year 2015, the rate of the so-called young people "neither nor" decreased by 0.3 percentage points (to 10.7 thousand), and this decrease was more pronounced for women (by 0.5 percentage points, or by 9.7 thousand), in the age group of 15-to 19-year (1.0 percentage point or 5.5 thousand), and among those who completed higher education (0.9 percentage points or 3.9 thousand).

Considering just the fourth quarter, the rate of young non-employed who are not in education or training decreased by 0.3 percentage points (7,0 thousand) to 13%, which resulted from a decrease among women (by 0.8 percentage points) that more than offset the increase for men (0.2 percentage points).

By level of education, there has been a decrease in the quarterly rate of young non-employed who are not in education or training among those who completed the secondary and post-secondary (0.6 percentage points) or higher education (0.7 percentage points).

Already the rate of those who completed, at most, 3.º cycle of basic education increased by 0.4 percentage points, signals to the INE.

with Respect to 4.First quarter of 2015, the percentage of young people aged 15 to 34 years who were not employed, nor in education or training, decreased by 0.6 percentage points.

THE INE released also on Wednesday, that the unemployment rate of the global average computed for 2016 decreased by 1.3 percentage points over the 2015 to 11.1%, down from the estimate of the Government, while remaining unchanged in the fourth quarter, to 10.5%.

the behavior of The unemployment rate for the whole of 2016 was well in line with the expected by analysts contacted by Reuters, who projected to be between 11% and 11.1%.


Portugal puts the debt at 5 and 7 years the interest superior News Journal

Portugal placed 1180 million euros in Treasury Bonds at five to seven years at interest rates higher in both periods in relation to the previous auctions comparable.

According to the webpage of the Agency for the Management of Treasury and Public Debt (IGCP) on Bloomberg, the five years were placed 630 million euros in Treasury Bonds (OT), with a maturity of 17 October 2022, the interest rate of 2,753%, higher than that registered in November, when they were placed 700 million euros at a rate of 2.1%.

In OT for seven years, with maturity on February 15, 2024, the IGCP placed 550 million euros at an interest rate of 3,668%, also higher than at the previous auction of comparable, held in September 2016, when they were placed 500 million euros 2,817%.

Since the end of January that the rates have gone up, not only in Portugal but in the rest of Europe

The demand OT the five years, amounted to 946 million euros, 1.5 times higher than the amount placed, and the OT the seven years amounted to € 1111 million euros, 2,02 times greater than the amount placed.

According to Filipe Silva, director of asset management of Banco Carregosa, the rise in interest rates was not a surprise, because “since the end of January that the rates have gone up, not only in Portugal but in the rest of Europe, in a move justified by some signs of inflation, leading investors, especially in the longer time frames, to protect against a possible interest rate hike from the ECB this year or next”.

“The elections in France and the increase of the political risk in Italy have also contributed to the increase in overall rates of european sovereign debt,” said Filipe Silva, arguing that “the rates of emissions of today reflect this movement, but even so they were in line with what is to be done in the secondary market”.

“of Course [the interest rates] went up in the face of the latest emissions comparable. We had a demand very reasonable for an amount issued that was also within expectations. The operations went well,” concluded the responsible of the Banco Carregosa.

THE IGCP had announced for this Wednesday the completion of two auctions of OT, one to five years and another seven years, to raise between eur 1000 million and 1250 million euros.

In January, the agency headed by Cristina Casalinho has announced that it expects to issue between 14 billion to 16 billion euros in Treasury Bonds this year through emissions monthly.

In net terms, the Portuguese Republic needs a loan of 12500 million euros for this year, to a value that includes 2700 million euros of funds associated with the recapitalisation of Caixa Geral de Depósitos (CGD), which are already funded.


Rui Horta e Costa accused in the Operation Marquis resigns the position in the CTT – Diário de Notícias – Lisbon

Horta e Costa was a non-executive director of CTT,

Rui Horta e Costa resigned this Wednesday to the post of non-executive director of the CTT. The information was disclosed in a statement of the CTT, which reveals that Horta e Costa “communicated today to the company his resignation from the position of non-executive director of CTT, as well as its unavailability to the exercise of identical functions in the mandate 2017-2019, for personal reasons”.

The Public Ministry has confirmed, however, that Rui Horta e Costa is a defendant in Operation Marquis, on suspicion of bribery, tax fraud, money laundering and abuse of trust.

the Second said to Lusa, the Attorney General of the Republic, Rui Horta e Costa is subject to the coercive measure of the Term of Identity and Residence, by suspicions of the “practice of facts which may integrate the crimes of active corruption, tax fraud, money laundering and abuse of confidence,” Operation Marquis, which also has the accused José Sócrates, Ricardo Salgado, Armando Vara and the businessman Carlos Santos Silva, among others.

The news Horta e Costa was a defendant in operation marquis was advanced by the Morning post Wednesday. > > > > according To the CM, Horta e Costa, who was administrator of the resort Vale do Lobo, is suspected of having “fostered the payment of illicit of two million euros Armando’s Rod and Carlos Santos Silva, through a portion of the money not declared in the business of selling a plot of land in Vale do Lobo to the Dutch Sander van Gelder”.


Unemployment rate in 2016 it drops to 11.1 percent – RTP

As to the total values of 2016, now released by the National Institute of Statistics (INE), there is a decline in the order of 1.3 percentage points, this year-on-year.The rate of unemployment in 2016 is a tenth below what had been expected by the Government in October and two-tenths less than estimated in the State Budget for 2016.

The unemployment rate of young people – those between 15 and 24 years – stood at 28 per cent, a significant reduction of four percentage points compared to the previous year.

The evaluation of the numbers in the chain leads to the stabilization of the unemployment rate, since the four quarter maintains the value of the third quarter of 2016 (10.5 percent).

Also in quarterly terms the unemployed population (estimated at 543,2 thousand persons) registered a decrease of 1.2 percent – or less 6.3 thousand people – and a decrease year-on-year of 14.3 percent (less 90,7 thousand people).

The final value of the unemployment rate (11,1 percent) turns out to be below what was expected by the Executive. In the State Budget for 2017, the Government estimated that the rate set in 11.2 percent in 2016. The report revealed at the beginning of the week by the OECD predicts that the unemployment rate remains above 10 per cent until 2018.

The rate for this year, the Government estimated in October that it would drop to 10.4 percent.

In comparison with the estimate of the Board of the Public Finances, the value is also slightly lower than expected. In September, the institution led by Teodora Cardoso had expected a rate of 11.4 percent. The number is in line forecasts from the Bank of Portugal, the International Monetary Fund (IMF) and OECD, were anticipating an unemployment rate of 11 percent.

the European Commission Alone nailed it on the definitive amount to set as a goal 11.1 percent now confirmed by the INE.