Bridge by Gustave Eiffel from Valenca, Portugal to Tuy, Spain.
News for the Multinational Portuguese World
Mota Engil Diversifies
Portuguese infrastructure company, Mota Engil is in talks to buy stakes in two Latin American companies as it seeks to diversify. Some of their projects in progress include the IKEA Center @ Matosinhos Plaza, Báltico Building, Dolce Vita Tejo Shopping Mall and several highway/expressway projects.
Posted by Tuga Mundo
Comments [0]
Zazzle Steps Up their Global Footprint
ZAZZLE takes a couple steps forward as the leader in on-demand retail manufacturing. Today, they expanded their company into the French, Spanish, Portuguese and Brazilian markets in order to meet the global demand for customized merchandise. Zazzle empowers these new communities to produce their designs in their own languages and currency, and inspired by their own culture.
Create custom: posters, flyers, skateboards, mugs, handbags, apparel, picture frames, notebooks, journals, sketchbooks, etc.
Posted by Christine Cardoso
Comments [0]
Renault-Nissan Build Battery Plant in Aveiro, PT
The French automobile company (RNO.FR) partners up with their Japanese companions (7201.TO) to build a battery plant in Aveiro, Portugal.
Posted by Tuga Mundo
Comments [0]
High Speed Train to Link Lisbon-London by 2013
With news this week that Spain and France have agreed to form a company to build a high-speed rail line linking Madrid and Paris, it has now become a real possibility that commuters could travel between London and Lisbon on a high-speed train by 2013. A few years later, Faro will follow in being linked with the British capital.
Service on the line between Paris and Madrid is expected to start in 2012 and will cut travelling to Spain by rail to a day trip for Londoners.
The Eurostar from London to Paris can take as little as 2 hours and 15 minutes.
By 2013, as revealed in October by The Portugal News, Lisbon and Madrid will be linked by a high-speed train.
A few years later, and coming at a cost of 2.9 billion euros, the Algarve capital will be linked to major high-speed rail networks in Portugal and Spain.
The journey time between Paris and Madrid is expected to be between 5 hours 30 minutes and 6 hours — depending on whether the service stops in Lyon and Barcelona, or proceeds directly from Paris to the Spanish capital.
Prime Minister José Sócrates has admitted that the building of these high-speed rail links are amongst his cabinet’s priorities, despite the current global economic crisis.
The Prime Minister has repeatedly said that he would not dilute plans to invest in excess of 60 billion euros between now and 2020.
Besides the Lisbon airport, new motorways and hospitals, the Government is looking to spend in excess of ten billion euros on the high-speed rail network in Portugal.
The first line, linking Lisbon with Madrid, is expected to be complete by 2013 and will come at a projected cost of €2.15 billion euros. That same year, the rail line linking Oporto with Vigo in Spain will also be concluded, having cost the Portuguese taxpayer an additional 845 million euros.
Two years later, the Lisbon-Oporto line will be finished and will also be the most important nationally, transporting an expected one million commuters a month and countless tons of merchandise between the nation’s two major metropolitan centres.
This particular rail track is expected to require an investment of 4.5 billion euros.
The two new tracks contained in Government proposals, will see Aveiro in central Portugal connected with Salamanca in northern Spain (costing 2.3 billion euros), while the second will see Faro linked to Lisbon via Évora and the rest of Spain via Huelva.
Estimates are that the train travelling from Faro will take under 30 minutes to reach Huelva and will have a maximum speed of 300 kilometres an hour, though it remains unclear where the train will cross the Guadiana River and what infrastructure will be used to do so. The 200 kilometre trip to Évora will take slightly longer than would be expected, covering the distance in a ‘mediocre’ 90 minutes.
The building of these two lines was first discussed at international level back in 2003 during the annual Iberian Summit, where they were agreed to in principal.
They were later included in a resolution presented by the Council of Ministers in 2004, with current opposition leader Manuela Ferreira Leite, the Finance Minister at the time.
Posted by Tuga Mundo
Comments [0]
Minimum Wage to Reach €600 by 2013 in PT
The chief of the CGTP trade union federation explained that Portugal's minimum monthly salary should reach €600 by 2013. The minimum wage should be increase at an annual rate of 5.3% until 2011 according to the tripartite landmark agreement signed in 2006. This year, 2009, RMMG increased at 5.6% allowing the minimum wage to reach €450/month.
Posted by Tuga Mundo
Comments [0]
Brazil Study Abroad @ Northeastern University !
Want to go to Brazil this summer? Learn Portuguese, Brazilian culture, and take Globalization/Political Science classes @ Bahia for the price you would pay for summer tuition (flight, meals, housing all included!). Get out of Boston and see the developing world for yourself with Northeastern's program: Dialogue of Civilizations!
A waiver form and a copy of your unofficial transcript (print your grades from myneu) needs to be handed into the Office of International Study Programs in 10 BV by December 7th! You can find the required documentation here!
Posted by Christine Cardoso
Comments [0]
IMF Borrows from Portugal
Portugal's economic strength is shown by a recent agreement from the IMF to borrow 1.6 billion dollars from the country.
Posted by Tuga Mundo
Comments [0]
Comments [0]