Datafileportugal Issue1654 2009

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e-mail: Issue1654 July 2009 6/8 editor@datafileportugal. com •AnExecutiveSummaryofthebusinessnewssince1991•Allrightsreserved

Highlight:

Major lithium battery investment capacity of 60,000 units in Portugal says a July 21 report.

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It is likely to be located either at Sines harbour (south west of Lisbon) or Estarreja (near Oporto) depending on which local authority outbids the other in providing the best opportunities for the new plant. .......(more) Read

BPP to be allowed to fail? fr:toggleread/310

Article>>

Banking: BoP-Banco de Portugal, CMVM, the stock market regulator and the Finance Ministry have been taking steps

Widespread concern about crisis fr:toggleread/306

to handle the fallout for an expected collapse at the

Tourism: Tourism amenity operators hotels, restaurants,

troubled bank, Banco Privado Português (BPP) says a July

leisure activity owners, jet ski suppliers, ferry operators

25 report. A €1 acquisition offer from the Orey Group has

along the Algarve’s 90km coast are unanimous – 2009 is

been

the worst

formally

rejected

by

BoP

......

..(more)

Read

summer

season ever.............(more)

Read

Article>>

Article>>

Revenue in 2008 will be squeezed fr:toggleread/309

More suspects charged in BNP affair fr:toggleread/305

Tourism: Algarve tourism revenue faces a significant

Banking:

squeeze in 2009, as hotels and restaurants slash prices to

Democrat health minister in a government led by current

attract visitors says Elidérico Viegas, chairman of AHETA–

head of state Anibal Cavaco Silva - has been formally

Associação dos Hotéis e Empreendimentos Turísticos do

named a suspect in the BPN Banco Português de Negócios

Algarve, the Algarve Hotel and Tourism Development

affair, He joins other once leading PSD figures, Manuel

Association. ....................... .(more) Read Article>>

Joaquim Dias Loureiro (until recently a member of the

Arlindo

de

Carvalho,

a

former

PSD

Social

president’s council of state) and the detained BPN exPM

backs

spending

way

out

of

recessionfr:toggleread/308

chairman José de Oliveira Costa. .....(more).......Read Article>>

Outlook: PM José Sócrates said July 20 that Portugal’s budget deficit would within a “certain time period” again

Embraer launches plant at Evorafr:toggleread/304

fall to within the boundaries of the EU Growth and Stability

Investment: Frederico Fleury Curado executive chairman

pact. He said “it is not necessary to do much in the future

of Embraer says the Brazilian aircraft-maker’s first aviation

to bring the deficit down low again. ..........(more) Read

plant at Évora will come on stream H1 2012. Speaking as

Article>>

he laid the first stone July 26, for the new plant he said construction work would take 18 months and “despite the

€250 million on lithium-ion batteries fr:toggleread/307

current global crisis”, Embraer had opted to forge ahead

Investment: The Renault-Nissan alliance has announced a

with its planned investment in Portugal. Embraer plans

€250 million investment to build a plant for lithium-ion

two

batteries for Renault and Nissan electric vehicles expected

Article>>

to reach market by 2011. The plant will have an annual

aircraft

plants

at

Évora

.............(more)

Read