Monthly Archives: July 2015

Angola has South Korean investment to diversify economy

30/07/2015 source “Prensa Latina” Angola expects to have South Korean investment to diversify national economy. This policy, defined today as a fundamental pillar of the strategy designed to maintain the pace of economic growth, was confirmed to the media by the Secretary of State for Cooperation, Angela Bragança, after a meeting with a delegation from…

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The administrator will respond with his heritage for the debts

10/07/2015 source “Expansión” Administrators who do not take immediate measures against a deterioration of company accounts must respond with their heritage, as established a government decision, which has chosen not to extend a decree safeguarding the assets of distressed company managers in the years of the crisis. The Royal Decree-Law 10/2008, of December 12, which…

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Gamesa develops a renewable energy solution to install in remote areas

09/07/2015 source “Expansión” Gamesa will have in early 2016 the prototype of clean energy solution ‘offgrid’ (in remote areas). “There are many hundreds of millions of people and industries in the world without access to the network because it is very far,” he said in an interview the company’s president, Ignacio Martín. It is one…

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Inter-American Development Bank (IDB) creates fund of 2,000 million Dollars to finance projects in Latin America

07/07/2015 source “America Economia” The Inter-American Development Bank has established a special fund of 2,000 million US Dollars to finance small businesses, public-private partnerships and infrastructure projects in Latin America starting next year, said last Friday the president of the entity, Luis Alberto Moreno at a meeting of leaders of the Pacific Alliance (formed by…

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Dubai: 120-day payment periods stress construction sector

05/07/2015 source “Gulf News” Payment periods for contractors and suppliers now average around 120 days as opposed to 60-90 days earlier, placing an additional layer of stress on the local construction sector. For major public sector contracts, credit terms could go up to as high as 180 days, industry sources say. These stretch payments will…

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US and Brazil promise to increase share of renewable energy

30/06/2015 source “América Economía” The United States and Brazil pledged on Tuesday to raise the share of renewable energy in the national electricity generation from other sources, in addition to increasing to 20% hydropower in 2030 in an effort to show its commitment to lucha against climate change. The announcement was made in a joint…

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Austrian and Spanish consortium wins bid for a highway in Colombia

30/06/2015 source “SudAméricaHoy” The National Agency for Infrastructure of Colombia (ANI) awarded today the bid to build a highway in northwest Colombia to a consortium formed by firms Strabag (Austria) and Sacyr (Spain), involving an investment of 1.46 billion Pesos (about 614 million US Dollars). The winning consortium, called Structure Plural SAC is formed by…

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