Portugal–US Economic Development ·
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Events & Notices

Friday, 18 May

Expresso

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Jornal de Negocios

  • Relvas pede desculpas ao "Público" mas repudia denúncia de ameaças ou pressões

    Direcção do "Público" protestou hoje junto do ministro a pressão que a jornalista foi alvo, tendo recebido um pedido de desculpas de Miguel Relvas.

    2012-05-19 00:44

  • PS quer Relvas no Parlamento para esclarecer caso das ameaças sobre o "Público"

    O PS anunciou hoje que vai pedir a presença do ministro Miguel Relvas no Parlamento para prestar esclarecimentos sobre as alegadas ameaças sobre o Público e uma jornalista do jornal, por causa de uma notícia relacionada com o caso das Secretas.

    2012-05-19 00:20

  • Europa fará "tudo o que for possível para manter a Grécia na Zona Euro"

    O presidente da Comissão Europeia, José Manuel Durão Barroso, voltou hoje a apelar à implementação de medidas de crescimento na Europa, lembrando diversas propostas já apresentadas por Bruxelas nesse sentido e que estão agora "em cima da mesa".

    2012-05-19 00:17

  • Bancos impedem estreia negativa do Facebook em bolsa (act.)

    Abriu a subir 10,65%, ficando de imediato avaliado em 115 mil milhões de dólares. Chegou a disparar mais de 18%. Mas não ganhou os 30% que tantos apostavam. Nem de longe. Dizem fontes do mercado que só não se fixou abaixo do preço do IPO porque os bancos que trataram da sua colocação em bolsa não deixaram. Estiveram sempre a comprar para sustentar as cotações acima dos 38 dólares.

    2012-05-18 21:11

  • Wall Street cai pela sexta sessão consecutiva com Facebook a desapontar

    O índice Standard& Poor’s 500 fechou a marcar maior ciclo de quedas desde Novembro.

    2012-05-18 21:10

  • De nervos em franja

    Uma palavra? Grécia. É lá que o destino dos europeus se joga - ou é jogado para o chão. O nervosismo alastrou-se nos mercados, atingiu Espanha, França e, é claro, Portugal. Por cá, a economia segue menos mal e o desemprego pior. Em contrapartida, a Alemanha tem crédito mais barato do que nunca. E o Facebook já vale um balúrdio em Bolsa. Viagem do que marcou a semana através das notícias do Negócios.

    2012-05-18 21:00

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The Economist

  • Schumpeter: Good business; nice beaches

    p div class=content-image-full img src=http://media.economist.com/sites/default/files/imagecache/full-width/images/print-edition/20120519_WBD000_0.jpg alt= title= class=imagecache imagecache-full-width width=595 height=335 / /divON JUNE 17th a hubbub of activists will gather in Rio de Janeiro for a conference on “good business for a sustainable future”, sponsored by something called the Ethical Fashion Initiative. They will listen to a farmer talking about the social consequences of cotton and a theologian debating the meaning of the word “value”. No doubt they will also admire Rio’s beautiful beaches and the beachgoers who waste “very few of the Earth’s precious resources on clothes”, as P.J. O’Rourke once put it.Corporate social responsibility (CSR) has a hard-earned reputation for flakiness. CSR types don’t just swap agreeable-sounding platitudes (“doing well by doing good”). They do so in agreeable places, “for the same reason that the American Association of Hose and Nozzle Manufacturers has to hold all its important meetings in Las Vegas,” observed Mr O’Rourke, a humorist. “Rio is, um, convenient to major air travel facilities.”Yet there is more to CSR than empty phrases and exotic conferences. Serious business gurus such as Michael Porter and the late C.K. Prahalad have lent their support to the movement. Most of the world’s big.../p

  • Selling clothes online in Russia: Fabric of society

    p div class=content-image-float img src=http://media.economist.com/sites/default/files/imagecache/290-width/images/print-edition/20120519_WBD002_0.jpg alt= title= class=imagecache imagecache-290-width width=290 height=385 / /divONLINE as well as offline, imitation is the sincerest form of flattery. Vente-Privée, a firm founded on the strange notion that French women might like fashionable clothes at deep discounts, has been paid this compliment more than most. Companies cut from similar cloth have appeared in one country after another. In 2008 two German men, Damian Doberstein and Oskar Hartmann, spotted that Russian women were missing out. “No one was telling Russian women, ‘You could look good for 70% less’,” Mr Hartmann says.They expect that their company, KupiVIP, will have sales of around $200m this year. Mr Hartmann says it breaks even. Given the fast growth of Russia’s internet population and of a middle class eager for nice clothes but mostly a long way from nice shops, the two men think they could turn over $1 billion within five years.The pair want to fill more than just the smarter end of the female wardrobe. Besides their original business, which is still the biggest part of the group, they have an online full-price shop, ShopTime, aimed at both sexes and all shapes and sizes. They also run online shops on behalf of well-.../p

  • The internet business in Russia: Europe’s great exception

    p div class=content-image-full img src=http://media.economist.com/sites/default/files/imagecache/full-width/images/print-edition/20120519_WBD001_0.jpg alt= title= class=imagecache imagecache-full-width width=595 height=335 / /divON THE roof, where staff can smoke as well as work, is a big chess set. The names of meeting rooms are in the Cyrillic alphabet. Two sides of the courtyard are a building site of five hollow storeys. You could say that the headquarters of Yandex, Russia’s biggest online-search company, symbolises the country’s whole internet economy: a bit smaller than expected, but growing fast, and unmistakably Russian. div class=content-image-float img src=http://media.economist.com/sites/default/files/imagecache/290-width/images/print-edition/20120519_WBC251.png alt= title= class=imagecache imagecache-290-width width=290 height=317 / /divLast year the number of Russians online went up by 14%, to 53m. That made Russia’s online population Europe’s biggest, just ahead of Germany’s, with lots of room left to grow (see chart). GP Bullhound, an investment bank, reckons that only 18% of those people shop online and that online advertising, though rising fast, takes up only 9% of Russian ad budgets. Yandex’s revenues, most of which come from ads, reflect this pretty faithfully. In the first.../p

  • Commercial aircraft: Duelling the duopolies

    p div class=content-image-full img src=http://media.economist.com/sites/default/files/imagecache/full-width/images/print-edition/20120519_WBP003_0.jpg alt= title= class=imagecache imagecache-full-width width=595 height=335 / span class='caption'The troubled Superjet/span /divIT MAY well turn out that pilot error, or something other than a fault in the aircraft, made a Russian-built Sukhoi Superjet crash into a mountain in Indonesia on May 9th, killing all on board. But the disaster, on top of recent reports of unreliability among the first Superjets to go into service, is bound to hinder Russia’s ambition to become a big exporter of modern commercial aircraft. And the Russians are not the only ones trying, and struggling, to do so.The Chinese, like the Russians, have spent years working on planes that, they hope, will muscle in on the two near-duopolies in the world airliner market. Russia’s Superjet, and its Chinese equivalent, the ARJ21, are smaller “regional” jets, the market for which is dominated by Embraer of Brazil and Bombardier of Canada. The much juicier market for full-sized airliners is currently divided between America’s Boeing and the Franco-German Airbus. Russia’s MC-21 and China’s C919, also under development, are potential competitors to Boeing’s 737 and Airbus’s A320.The Superjet, which has been certified by the.../p

  • Love, Korean-style: Two’s company

    p div class=content-image-float img src=http://media.economist.com/sites/default/files/imagecache/290-width/images/print-edition/20120519_WBP002_0.jpg alt= title= class=imagecache imagecache-290-width width=290 height=394 / span class='caption'Let’s swap emoticons/span /divSOUTH KOREANS take romance seriously. Lovers are expected to swap sweet nothings many times a day and woe betide the clod who forgets a “100-day anniversary”. Some pairs dress in “couple style”, in the same garish red sweater and blue jeans combo, for instance. Small wonder that a Korean firm has created a social network for couples.VCNC’s app is called “Between”. It creates a private space for two people, in which they can share photographs and special memories, chat in real time and exchange any number of cute “emoticons”: smiley faces, winks, hearts and so on. Though revolting to singles, Between is a hit. Since its launch in November, more than 560,000 Koreans have fallen for it. This comes despite VCNC spending virtually nothing on marketing. Park Jae-uk, the firm’s boss, claims another 200,000 users abroad, divided between China, Japan and North America.Between is part of a trend towards intimacy in social networking. Some Facebook users are fed up with the torrent of “friend” requests from people they barely know. Others resent being tagged in embarrassing.../p

  • Mediaset: End of an era

    pBABEL TV, a niche channel on Sky Italia, a pay-TV platform owned by Rupert Murdoch, airs worthy programming for immigrants. Recent shows include “Invitation to Dinner”, a reality show where an immigrant cooks for a native Italian. Such serious fare may become more common. Silvio Berlusconi is no longer prime minister and Mediaset, his cleavage-flaunting media group, may be fading.Mediaset’s three main free-to-air channels currently attract 36% of total television viewership. (RAI, a state broadcaster, has another 40%.) Mediaset’s dominance of television advertising is even more striking. It wins 62% of the €4.3 billion ($5.5 billion) spent on television ads each year, a far higher portion than leading broadcasters in other big European markets.Scantily clad showgirls, Mediaset’s speciality, may not be the only reason. Rivals contend that Mr Berlusconi’s political clout helps Mediaset. Sky Italia, its main competitor, has long complained about regulatory and political decisions that have gone against it. In recent years pay television has been hit with a sharp tax increase and restricted in the amount of advertising it can carry. The changes hurt Mediaset far less than Sky, since Mediaset operates mainly in free-to-air television.Stockpickers have noticed that Mr Berlusconi is no longer in power. Mediaset’s shares have fallen by nearly half since late October last year, when.../p

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Financial Times — Europe

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Portugal-US Chamber of Commerce - slideshow image

New 16 November 2011 Statement by the EC, ECB and IMF on the second review mission to Portugal

The European Commission, the European Central Bank and the International Monetary Fund released a statement based on their second review mission to Portugal. The review indicates that growth in 2011 is better than projected, but that the recession in 2012 will be more pronounced than anticipated.

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Posted on 17 Nov 2011
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Donzelina Barroso attends the Second Meeting of Members of City Councils of Portuguese Descent

This meeting, organized by the Embassy of Portugal and sponsored by Grupo Banco Espirito Santo, included a number of participants, including the Chamber’s colleagues from the American Chamber in Lisbon. Nuno Cardoso of the Espirito Santo Investments moderated a panel on the Portuguese Economy, on the significance of the Portuguese communities globally, and on Espirito Santo’s presence in the United States. The full presentation will be available soon. This meeting coincided with the President’s visit to Washington, DC for meetings and also with the PALCUS annual gala.

Posted on 17 Nov 2011
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His Excellency Professor Anibal Cavaco Silva received at the Chamber on November 10, 2011

The Portugal-US Chamber of Commerce and the Portuguese American Chamber of Commerce of New Jersey were honored to host the President of the Portuguese Republic at a private reception on Thursday, November 10th, in New York City. The President, who was accompanied by Minister of State and of Foreign Affairs, Dr. Paulo Portas, addressed an audience of 70 people, focusing on the need for improved collaboration and promotion of Portugal during this difficult time. The President was confident in Portugal’s ability to weather this economic storm. Donzelina Barroso, president of the Portugal-US Chamber of Commerce, and Carlos Couto, Vice President of the Portuguese American Chamber of Commerce in New Jersey affirmed both Chambers’ commitment to collaborate and support the effort to help promote Portugal. The President’s remarks can be read here. Photographs of the reception will be posted in the coming days.

Posted on 15 Nov 2011
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Carlucci Versus Kissinger Book Launch at Georgetown University

Longtime Chamber friend, Dr. Bernardino Gomes, will be at Georgetown for the U.S. launch of his new book, Carlucci Versus Kissinger: The US and the Portuguese Revolution. Dr. Gomes is a former member of the board of the Luso-American Foundation and is currently a researcher at the Portuguese Institute of International Relations, among other activities. The book, co-authored by Tiago Moreira de Sá, a guest associate professor at the New University of Lisbon and also a researcher at Portuguese Institute of International Relations, has been very well received and helps to fill a gap in the scholarship of contemporary Portuguese History. The event will be held at 6 pm on Friday, September 16 at Georgetown’s Mortara Center. See here for details and RSVP information. The book may also be purchased through Amazon.com.

Posted on 13 Sep 2011
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Chamber and Portuguese Business and Industrial Associations to Collaborate

Donzelina Barroso, president of the Chamber, met in NY on September 12, 2011 with Pedro Madeira Rodrigues, secretary-general of both the Associação Comercial de Lisboa (http://www.acl.org.pt) and of the Confederação Internacional dos Empresários Portugueses (http://www.ciep.pt) to discuss possible areas of collaboration and cooperation among the three institutions. Aside from sharing information, the Chamber will plan to work with CIEP to share information about the needs of Chamber members and to jointly organize trade missions and other events.

Posted on 13 Sep 2011
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Our Organization

The Portugal–US Chamber of Commerce in New York was founded in 1979 to stimulate economic development, trade and investment, and cultural exchange between the United States and Portugal. As a member of the Association of Portuguese-American Chambers of Commerce (APACC), it works closely with its counterparts in Portugal, Canada, and across the United States to promote shared interests in Portugal and expose the vast economic opportunities of the country. The Chamber provides its members ongoing opportunities to network with individuals also engaged in Portugal-US affairs as well as numerous channels by which they can obtain essential bilateral support and information.

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Membership Benefits

Membership in the Chamber is open to all individuals who are interested in building a strong economic partnership between Portugal and the United States. Current members range from small businesses to large corporations in the fields of banking and finance, construction, communications, education, import/export, law, and transportation, to name a few.

Membership benefits include:

  • Frequent Chamber events that promote networking and foster strong community ties
  • Access to prominent business and government leaders
  • Alerts of noteworthy cultural and social events in New York City
  • Business luncheons and seminars to expose members to exciting new economic opportunities
  • Access to online resources and members-only directory
Learn more >