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IN THIS NUMBER
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EDITORIAL
When very strong it gets a weakness – the Swiss franc
The Swiss entity that most strives to avoid surprises surprised everyone: Days ago the Bank of Switzerland (National Bank) decided to defend – by taking active measures – a minimum exchange rate of 1.20 CHF/EUR. It is rare that a Swiss public entity actively intervenes in the free market mechanisms.
The export industry applauds this action and breaths of relief, because the situation with the too strong Swiss Frank during so many months crushed the margins of Swiss companies.
What is a big problem for one can be an opportunity for another. In fact, the CCISP notes a growth of interest from Swiss companies that want to streamline their cost structure. For doing this, Portugal has something to offer.
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AGENDA
Lisbon, Sept.29 – Oct. 01/2011
GOLF: Seniors Open of Portugal, Belas Clube de Campo, with the participation of Tony Johnstone, Ian Woosnam, Carl Mason, Sam Torrance. More info.
Palmela, October 12th/2011
Visit of Autoeuropa (Volkswagen Factory) and ATEC (training institution of Autoeuropa-Siemens-Bosch). More info.
NEWS
Lisbon, 10/09/2011
Shoes: Big brands back in Portugal
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Bern, 21/07/2011
Foreign trade in the first Half of 2011: Strength of Swiss Frank slows growth
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