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On Thursday, October 2, the government decided to liquidate cold storage company Interbase, which was transformed from public company to corporation in 2000. Interbase "had been accumulating losses since 2000, and, as such, the government had no other choice but to liquidate it," announced Council of Ministers spokeswoman Janira Hopffer Almada.
The government plans to liquidate Interbase and create an entirely new structure in which the company's current workers may be integrated. "We are going to guarantee that all wages are paid during this liquidation process, which the government wants to be consensual," said the president of the Council of Ministers, adding that "this measure will optimize the assumptions that were made in 2000, when Interbase was turned into a corporation." More than 70% of Interbase's installations were destroyed in a huge fire that engulfed its facilities on the island of São Vicente in September.
The cabinet also discussed the possibility of creating an Operational Nucleus and a National Commission for the Development of the Financial system. In the government's view, "one of the pillars of the agenda for the transformation of Cape Verde is to thicken the business fabric. The financial system is currently robust and stable, but we want it to become competitive and specialized above all."
Janira Hopffer Almada also commented on declarations made by opposition party MpD's parliamentary leader Fernando Elísio Freire regarding the economic situation, classifying them as "rather unrealistic." She called the opposition's proposal for tax reductions "ridiculous," given that the government had already announced the same measure last when during discussions on the 2009 State Budget.
