Sunday, May 20, 2012

Angola is booming

"Since a peace agreement was signed 10 years ago, Angola has developed into a major African oil producer. In the first quarter of this year, the country produced 1.8 million barrels a day at offshore wells at depths of up to 1,500 meters (4,920 feet). Angola is China's second-largest supplier of the black gold. Its economic growth rates are the envy of the entire continent, partly because it also has rich diamond deposits and fertile soil.

Now Angolans are buying up shares in Portuguese media companies and they are purchasing prime property along the Atlantic beaches as well as luxury real estate in Lisbon and designer clothing. They are also snapping up workers. Close to 150,000 Portuguese have already obtained visas for Angola."
--http://www.spiegel.de/international/europe/tens-of-thousands-of-portuguese-emigrate-to-fast-growing-angola-a-833360.html

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