To combat the consequences for the economy of the COVID-19 pandemic, the Angolan Executive approved Presidential Decree 98/20 of 9 April on measures to relieve the negative economic effects of the health crisis.
In the context of mitigating the consequences of the COVID-19 pandemic on the economy, the Ministry of Commerce has approved Executive Decree No. 143/ 20 of 9 April, which establishes a set of measures aimed at maintaining commercial activity across the whole country during the State of Emergency.
A number of exceptional measures have been introduced in the justice sector. These measures are set out in Law 1-A/2020 of 18 March and Decree‑Law 10-A/2020 of 13 March (as amended by Law 4-A/2020 of 6 April). The measures include exceptional rules on the extension of time limits and of the periods to take judicial steps. The rules will remain in place until the end of the exceptional situation to prevent, contain, mitigate and treat COVID-19.
The credit lines announced by the Government to cope with the impacts of the pandemic Covid-19 are already fully operational. This briefing is to set out in a single document the principal terms and conditions of each of the lines available to support businesses.
The extension of the State of Emergency in Angola was decreed by Presidential Decree 95/20, of 9 April 2020. The renewal of the State of Emergency has led to some changes in relation to the previous rules. i) Credentials have been made mandatory and employers must issue a statement identifying the employee’s work framework, which must be presented with the work pass…
The Portuguese Government has just announced that the second competitive procedure for allocation of grid capacity for energy injection is set to be launched as soon as the market so allows.
INFARMED has published a set of exceptional measures – which will remain in force during the period of risk to public health – to be adopted by sponsors, clinical trial sites, and research teams, to guarantee the safety, protection and rights of clinical trial subjects. The purpose of this information note is to make known the measures recommended by INFARMED that will be in force during the period of risk to public health.
Contents: PORTUGAL I. Portuguese Competition Authority Portuguese Competition Authority carries out dawn raids in the private surveillance sector Portuguese Competition Authority issues recommendations on loyalty in telecom services Portuguese Competition Authority accuses MEO and NOWO of collusive practices Portuguese Competition Authority communicates its priorities for 2020 Portuguese Competition Authority approves the acquisition of Grupo Media Capital by Cofina Portuguese Competition Authority presents its overall results for 2019 EUROPEAN UNION I. Courts Court of Justice confirms European Commission’s decision on dawn […]
To mitigate the consequences of the COVID-19 pandemic, the National Bank of Angola has approved Instruction no. 4/2020 of 30 March 2020, which establishes a set of economic measures aimed at protecting borrowers in their credit obligations. Financial institutions that carry out credit operations must allow their clients a 60-day moratorium on capital and interest repayments.
In the context of combating the impact of the Covid-19 pandemic on the economy, the National Bank of Angola approved Notice no. 10/2020 of 3 April 2020, which establishes special credit lines for national producers of essential goods. The credit lines must be made available by financial banking institutions to national production and they can be used by projects that have shortfalls in supply of production, raw materials and investment. The credit can also be used as capitalisation to acquire technology, machinery and equipment.
Here you will find the issue of our Banking and Finance and Capital Markets newsletter for the 1st quarter of 2020, which compiles the most significant news in this area.
Below, you will find the issue of our Banking and Finance and Capital Markets newsletter for the 4th quarter of 2019, which compiles the most significant news in this area.