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Multinational company offers skilled work in Mirandela but has no candidates – Observer



Multinational company offers skilled work in Mirandela but has no candidates - Observer

The engineer from Mirandela has returned to the ground to establish the main center of a new multinational company in the energy sector in the town of Trás-os-Montes, which he hires but cannot find candidates for qualified work.

Manuel Lemos is one of the founders of Enline, who chose Mirandela as the headquarters for the company in Portugal, which has 25 clients on five continents, including national electricity companies from several countries, which use software developed to remotely monitor power lines and equipment.

In Portugal, they tried unsuccessfully to try out the product, but they still have no clients in the country where they now find it difficult to find stakeholders to fill the vacancies they offer.

“We are experiencing tremendous difficulties in finding professionals, mainly for business development, people with experience in international markets who can speak and write English, among other languages,” he told Luce.


The company has already announced competitions and still has “seven or eight vacancies,” which also include professionals with experience in electrical or software engineering, as well as information technology and marketing.

“I think it is very important to publicize the fact that there is an international software company that currently exports 100% of its products worldwide, which is decided by the Trás-os-Montes shareholders, but we need professionals who want come to the salon, “he stressed.

The company has received support from the COESO skilled recruitment program, and its strategic partner is the Polytechnic Institute of Bragança (IPB), which has “already helped to hire one person,” and together they are interviewing others.

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Manuel Lemos, 37, was born in Mirandela, in the Bragança area, studied engineering in Porto and emigrated to Peru during the 2008 crisis.

He went to work for a German energy, paper and mobility company, and it was there that he met two other foreign engineers with whom he decided to take a chance.

This adventure began in 2018 with the development of software for monitoring equipment and power lines, which is different from what exists on the market in that it does not require equipment or field visits.

They were supported by a business incubator in the European Union and a Portuguese investor, and more recently by the incubator of the Vale do Tua Regional Natural Park.

“This process was difficult, we started in Portugal, where, unfortunately, we were not crowned with success,” he recalled.

They knocked on various European doors, and the Spanish electrical grid was the first to open, followed by Austria, Germany, and now they have clients “in Australia, India, Canada, USA, many Latin American countries, Brazil, Peru, Colombia , Chile, Argentina and Uruguay ”.

The company has offices in Brazil, Peru, Germany, as well as agents and resellers in various countries.

“In Portugal, we are trying to convince various clients such as REN, EDP and others to apply our technologies, but unfortunately nothing has been concluded yet, but we are very optimistic that this can happen this year as well,” he said.

According to the partner, the technology they have developed allows them to anticipate, prevent and correct problems that affect the distribution of energy, namely those that are best known to the general public, such as power outages or fires caused by high voltage lines.

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The company has technology that creates a so-called “digital twin” of a network or equipment that can actually read what is happening, “diagnose and inform the customer about potential failures or events, and how to fix them. them before they arise, or at the time when they arise. “

The technology is also designed to increase power, reduce losses by up to 25%, or combat vegetation along lines, as well as fires caused by power lines, through sparks resulting from electrical discharges or short circuits.

The technology is applied on “about two thousand kilometers of lines around the world, official sales began just over a year ago.”

The prospect is “to double this value by the end of the year, and next year to reach the mark of 10 to 15 thousand kilometers and continue to grow.”

Manuel Lemos believes in this growth based on the global market figure of “approximately 100 million kilometers of transmission lines.”

Enline’s turnover is “still small” as it is still “at the stage of developing a pilot project with strategic customers.”

Manuel Lemos predicts they will reach “roughly half a million euros of business” by the end of the year and hopes to “surpass one million” next year with the goal of “reaching five million euros between 2023 and 2024”.

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House fees will rise from 89 to 202 euros in October for contracts with Euribor.



House fees will rise from 89 to 202 euros in October for contracts with Euribor.

An enterprise simulation shows that a client with a loan of 150 thousand euros, for a period of 30 years, indexed to Euribor for six months and with a “spread” (bank profit margin) of 1%, starts paying from October 600.20 euros, which 146 euros more than the last review in April.

In the case of a loan with the same conditions (amount and maturity), but indexed to a three-month Euribor, the client will pay 555.25 euros, which is 89.08 euros more than in July this year.

Finally, for loans indexed to the 12-month Euribor, the mortgage payment on the loan under the above conditions will be 651.41 euros, which is 202.10 euros more than in October last year.

These values ​​have been calculated using September averages of Euribor of 1.596% for six months, 1.011% for three months and 2.233% for 12 months, according to Deco.

Today, on the last day of September, the Euribor rates rose to three and six months and fell to 12 months compared to Thursday.

The six-month Euribor rate, most commonly used in Portugal for home loans and entering positive territory on June 6, rose to 1.809% today, up 0.009 points, after rising to 1.858% on Wednesday, the highest since January 2009. .

The 3-month Euribor, which hit positive territory for the first time since April 2015 on July 14, also edged higher today when it was set at 1.173%, climbing 0.013 points after rising to 1.228% on September 27, a new high. since January 2012.

On the other hand, in 12 months, Euribor fell today, for the third time since September 9, when it was set at 2.556% minus 0.022 points against 2.625% on September 27, a new high since February 2009.

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Euribor began to rise more significantly since February 4, after the European Central Bank (ECB) acknowledged that it may raise key interest rates this year due to rising inflation in the eurozone, a trend that has accelerated with the start of Russia’s invasion of Ukraine. 24 February.

On September 8, the ECB raised three key interest rates by 75 basis points, the second consecutive increase this year, as it raised three key interest rates by 50 basis points on July 21, for the first time in 11 years. the purpose of curbing inflation.

At the end of the last meeting, ECB President Christine Lagarde said that a historic 75 basis point hike in interest rates was not “the norm”, but stressed that the evaluation would be carried out from meeting to meeting.

Changes in Euribor interest rates are closely linked to increases or decreases in ECB key interest rates.

Three-, six- and 12-month Euribor rates were the lowest ever, respectively: -0.605% on December 14, 2021, -0.554% and -0.518% on December 20, 2021.

Euribor is set on the basis of the average rate at which a group of 57 Eurozone banks are willing to lend money to each other in the interbank market.

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Inflation accelerated to 9.3%, a new 30-year high | Prices



Inflation accelerated to 9.3%, a new 30-year high |  Prices

Price pressure on the economy is not easing. The consumer price index (CPI) rose 0.4 percentage points year-on-year in September to its highest level since October 1992. The inflation rate in Portugal in September amounted to 9.3%. quick assessment published this Friday by the National Statistical Institute (INE). In August, the value was recorded amounted to 8.97%.

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Germany prepares €200bn emergency plan for winter



Germany prepares €200bn emergency plan for winter

The German government is preparing an emergency plan to ensure energy supplies during the coldest months of the year, at a time when the country’s energy security has become even more threatened after this week’s leaks in the Nord Stream gas pipeline.

Realizing that winter could be one of the harshest in recent years, the chief executive, led by Chancellor Olaf Scholz, has developed a 200 billion euro plan to address the energy shortage, using funds intended to mitigate the effects of the Covid-19 pandemic. . This strategy includes measures such as capping electricity and gas prices and supporting companies.

El Economista notes that the plan will increase the debt of Germany, which is already struggling with rising inflation, which stood at 7.9% in August.

“Prices must come down,” Scholz said in Berlin this Thursday, noting that comprehensive measures will be taken to protect pensioners, employees, families, “people from the countryside and the city, so that everyone can move.” go ahead and pay your bills.”

The German government guarantees that the package will not affect the country’s national debt targets next year and that it has been designed to protect the economy without hurting inflation.

“Russia is not only using weapons in the war in Ukraine, but also turning its energy resources into weapons at the international level,” Scholz accused.

Just today, the German energy regulator warned that households and businesses have consumed more gas than expected over the past week as temperatures begin to drop as autumn arrives. And he warns that savings of at least 20% are needed to avoid winter fuel shortages.

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