On Tuesday, September 1, the new TVDE law comes into force, allowing companies with taxi operator licenses to simultaneously operate as TVDE operators. This legislative change represents a significant shift in the transport sector in Portugal, allowing greater operational flexibility for sector companies.
The Bank of Portugal publishes on this date the Statistical Information Note on public debt, the Composite Financial Stress Indicator and data on the money market and exchange rates. The National Statistics Institute releases the Industrial Production Index, indicators that will allow assessing the country's economic performance.
A business delegation from Saudi Arabia is visiting Portugal, with scheduled meetings with the Portuguese Industry Association, with Secretary of State for Tourism Pedro Machado and the president of Turismo de Portugal Carlos Abade, with the Portuguese Chamber of Commerce and Industry and with AICEP. The signing of a Memorandum of Understanding between AIP and the Saudi Chambers Federation is planned.
In the business sector, following a transition period, Marsh and Mercer begin operating formally under the Marsh brand. Shein, the world's third largest retailer, is set to enter the Hong Kong stock exchange. In business leadership, John Ternus assumes the role of CEO of Apple, replacing Tim Cook who transitions to the position of Executive Chairman. On the academic front, Paulo Pereira takes office as the new rector of the Technical University of Porto.
