Portuguese investments stir job creation in Brazil

Investing Portuguese companies helped create 100,000 new jobs in Brazil since 1996, Lisbon-based Foreign Trade and Tourism Committee reportedly informed.

Portugal Telecom (PT) and the Banco Privado Portugues (BPP) are high on the list of top job generators in the South American nation, the report states.

PT is holding half the stocks of risk-shared partnership BrasilCel that recently bought Brazil’s mobile phone company Tele Centro Oeste. PT’s partner in this joint venture is Spanish Telefonica Moviles.

The BPP, for its part, formed a trusteeship for building Brazil’s biggest tourist project ever –the Praia Bela Aguiraz Resort- that will embrace eight hotels in all.

BPP’s other partners in this project are ViIla Galé Hotels, Solverde Group (casinos), Don Pedro Hotels and Portugal’s Lusotur.