Retraction of the economy due to the pandemic and currency devaluation resulted in a reduction in the group's revenues of 13.9% in the first half of the year. In Portugal, Teixeira Duarte grew 36% in real estate and contracted 29% in hotels
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"Pandemic year was the worst ever for airlines," IATA estimates
The International Air Transport Association (IATA) said Tuesday that 2020 was "a year to forget" for the sector, after it suffered declines of 60.2% in passenger numbers and 69% in revenue from the previous year
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EDM posted losses of $42 million in the first quarter of this year
Electricidade de Moçambique (EDM) has been registering power losses for technical reasons linked to the inefficiency of the transmission and distribution infrastructures, and also because of human action with emphasis on meter tampering, customer debts and clandestine connections
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May 11, 2021May 11, 2021Business
Alcoholic beverage sector suffers damage from pandemic restrictions
The Association of Producers and Importers of Alcoholic Beverages complains of heavy losses resulting from the restrictions imposed by the Government