Costa celebrates as new economic reform is approved

Sebastião Costa, at a local business conference in São Miguel.

    The first step towards economic development and a more complex exports matrix. That's how Sebastião Costa, President Coutinho's Finance Minister, referred to the National Programme for Economic Development (PNDE), unanimously approved at the Assembléia Nacional. The reform aims at improving the market enviroment, as well as setting guidelines for economic planning in the nation's effort with regards to industrial policy.

    According to Costa, the government managed to transform Tukarali in an attractive alternative for foreign and local investors. "We made the shift to an economy that taxes income, not businesses, and now we have a modern labour market legislation with a legal arrangement designed to create a healthy market environment for companies and investors", said Sebastião, attending to a conference with businessmen in São Miguel.

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