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capital+commercial

  • 81 strukturiertes Anlageinstrument

    strukturiertes Anlageinstrument n BANK, FIN structured investment vehicle, SIV (Synonym: strukturiertes Anlagevehikel, strukturiertes Investmentvehikel; ähnlich wie die Conduits die besondere Form einer Zweckgesellschaft = SPV, in die ausweispflichtige, kurzfristige, Eigenkapital-belastende Risiken vor dem Inkrafttreten von Basel II aus Bankbilanzen ausgelagert werden konnten; a SPV = special purpose vehicle that undertakes arbitrage activities by purchasing highly rated medium and long-term, fixed-income assets and that funds itself with cheaper short-term highly rated CP = Commercial Paper and MTNs = medium-term notes; vehicles sponsored by financial institutions which have an incentive to create off-balance-sheet structures, the vehicles are funded by issuing investors with capital notes of the vehicle, cf ABCP; used by banks to keep risks off their balance sheets before Basel II came into effect in 2008; cf Regulierungsarbitrage, financial engineering, financial alchemy)

    Business german-english dictionary > strukturiertes Anlageinstrument

  • 82 strukturiertes Investmentvehikel

    strukturiertes Investmentvehikel n BANK, FIN structured investment vehicle, SIV (Synonym: strukturiertes Anlagevehikel, strukturiertes Anlageinstrument; ähnlich wie die Conduits die besondere Form einer Zweckgesellschaft = SPV, in die ausweispflichtige, kurzfristige, Eigenkapital-belastende Risiken vor dem Inkrafttreten von Basel II aus Bankbilanzen ausgelagert werden konnten; a SPV = special purpose vehicle that undertakes arbitrage activities by purchasing highly rated medium and long-term, fixed-income assets and that funds itself with cheaper short-term highly rated CP = Commercial Paper and MTNs = medium-term notes; vehicles sponsored by financial institutions which have an incentive to create off-balance-sheet structures, the vehicles are funded by issuing investors with capital notes of the vehicle, cf ABCP; used by banks to keep risks off their balance sheets before Basel II came into effect in 2008; cf Regulierungsarbitrage, financial engineering, financial alchemy)

    Business german-english dictionary > strukturiertes Investmentvehikel

  • 83 empresa comercial

    • business concern
    • business venture
    • commercial enterprise
    • trading capital
    • trading concern
    • trading contract
    • trading difference
    • trading enterprise
    • trading environment
    • venture

    Diccionario Técnico Español-Inglés > empresa comercial

  • 84 Голландия

    Нидерланды или Голландия
    (государственный язык нидерландский, национальная валюта — гульден)
    Netherlands, the (used with a sing. or pl. v.)
    a kingdom in W Europe, on the North Sea. 14, 715, 000; 16, 163 sq. mi. (41, 863 sq. km). Capitals: Amsterdam and The Hague. Also called Holland. Dutch, Nederland.
    Derived words: Netherlander, n. / Netherlandian, adj.
    Also called: Holland.
    1. a kingdom in NW Europe, on the North Sea: declared independence from Spain in 1581 as the United Provinces; became a major maritime and commercial power in the 17th century, gaining many overseas possessions; a member of the Common Market. It is mostly flat and low-lying, with about 40 per cent of the land being below sea level, much of it on polders protected by dykes. Language: Dutch. Religion: Christian, with both Protestant and Roman Catholic Churches. Currency: guilder. Capital: Amsterdam, with the seat of government at The Hague. Pop.: 14 714 948 (1988 est.). Area: 40 883 sq. km (15 785 sq. miles). Dutch name: Nederland
    2. the kingdom of the Netherlands together with the Flemish-speaking part of Belgium, esp. as ruled by Spain and Austria before 1581; the Low Countries.

    Дополнительный универсальный русско-английский словарь > Голландия

  • 85 Нидерланды

    Нидерланды или Голландия
    (государственный язык нидерландский, национальная валюта — гульден)
    Netherlands, the (used with a sing. or pl. v.)
    a kingdom in W Europe, on the North Sea. 14, 715, 000; 16, 163 sq. mi. (41, 863 sq. km). Capitals: Amsterdam and The Hague. Also called Holland. Dutch, Nederland.
    Derived words: Netherlander, n. / Netherlandian, adj.
    Also called: Holland.
    1. a kingdom in NW Europe, on the North Sea: declared independence from Spain in 1581 as the United Provinces; became a major maritime and commercial power in the 17th century, gaining many overseas possessions; a member of the Common Market. It is mostly flat and low-lying, with about 40 per cent of the land being below sea level, much of it on polders protected by dykes. Language: Dutch. Religion: Christian, with both Protestant and Roman Catholic Churches. Currency: guilder. Capital: Amsterdam, with the seat of government at The Hague. Pop.: 14 714 948 (1988 est.). Area: 40 883 sq. km (15 785 sq. miles). Dutch name: Nederland
    2. the kingdom of the Netherlands together with the Flemish-speaking part of Belgium, esp. as ruled by Spain and Austria before 1581; the Low Countries.

    Дополнительный универсальный русско-английский словарь > Нидерланды

  • 86 Bordeaux

       1) A major port city in southwest France, on the Gironde, and capital of the Aquitaine region.
       2) Wine, and wine growing region. With Burgundy and Champagne,the Bordeaux region is one of the three most famous wine-producing regionsin France. Historically, its fame is at least in part due to the fact that of these three big wine-growing areas, the Bordeaux vineyard is the only one with immediate access to the sea, an advantage that has enabled it to be France's major wine exporting region for many centuries.
       In 1152, when queen Eleanor of Aquitaine married the English king Henry II, the Aquitaine region became economically integrated into the Anglo-Norman world, the Bordeaux region becoming a major supplier of wine for England. This historic wine exporting tradition helped Bordeaux to develop far stronger commercial links in the ensuing centuries, firmly establishing Bordeaux wines, often referred to generically in English as "clarets", on the international market.
       The Bordeaux vineyard is centered round the port city of Bordeaux, along the estuary of the Gironde, and the rivers Garonne and Dordogne. It is a large vineyard, and the geo-specific appellation "Bordeaux" covers an area stretching some 100 km both north-south and east-west.
       While the appellation contrôlée covers wines of medium quality from all over this region, many if not most of the top quality clarets grown in the overall area benefit from more specific and distinctive area appellations, such as Médoc, Graves or Saint Emilion, and even more local appellations such as Pauillac, Graves and Saint-Estèphe.
       Unlike other wine-growing areas, the Bordeaux area operates classifications of many of its top wines, notably those from the Médoc and Saint Emilion vineyards. The best estates in these areas have the right to sell wines designated as grand cru. Below the grand crus come other high quality wines designated as cru bourgeois.

    Dictionnaire Français-Anglais. Agriculture Biologique > Bordeaux

  • 87 промышленный

    промы́шленный капита́л — industrial capital

    промы́шленный капитали́зм — industrial capitalism

    промы́шленный пролетариа́т — industrial proletariat [prəʊ-]

    промы́шленные райо́ны — industrial regions

    промы́шленный потенциа́л страны́ — industrial potential of the country

    промы́шленные запа́сы — commercial reserves [-'zɜːvz]

    промы́шленный шпиона́ж — business espionage [-nɑːʒ]

    Новый большой русско-английский словарь > промышленный

  • 88 стоимость

    эк.
    value; cost

    балансовая стоимость — balance value / cost

    номинальная стоимость, стоимость по номиналу — par, nominal / par value

    общая стоимость — global value, total cost

    первоначальная стоимость — undepreciated value, original cost

    рыночная стоимость — commercial / market value

    чистая стоимость — net value / cost

    повышение / рост стоимостьи жизни — soaring of the cost of living

    стоимость, (выраженная) в деньгах — money equivalent

    стоимость жизни — cost of living, living costs

    стоимость, определяемая дефицитностью / редкостью ресурса — scarcity value

    стоимость рабочей силы — value of manpower / labour

    стоимость резервирования (напр., мест в самолёте) — reservation cost

    Russian-english dctionary of diplomacy > стоимость

  • 89 товарная ферма

    1. cash farm

    скотовод; владелец животноводческой фермы — cattle farmer

    скотовод, владелец животноводческой фермы — cattle farmer

    2. commercial farms

    люди живущие на ферме; крестьянская семья — farm family

    Русско-английский большой базовый словарь > товарная ферма

  • 90 торговая сделка

    1. commercial transaction

    валютные операции; валютные сделки — exchange transaction

    объем сделок; объем операций — magnitude of transactions

    2. operation
    3. trade deal

    заключить, совершить, оформить сделку — to effect a deal

    товарообменная сделка; меновая торговля — barter trade

    заключающий сделку; заключение сделки — making a deal

    Русско-английский большой базовый словарь > торговая сделка

  • 91 ценные бумаги

    1. capital issues

    расходы, связанные с эмиссией ценных бумаг — issue costs

    2. stock

    бумага, предварительно уложенная в стопу — prepiled stock

    ценная бумага, участвующая в спекуляции — gambling stock

    3. market securities
    4. securities

    Русско-английский большой базовый словарь > ценные бумаги

  • 92 Chronology

      15,000-3,000 BCE Paleolithic cultures in western Portugal.
      400-200 BCE Greek and Carthaginian trade settlements on coast.
      202 BCE Roman armies invade ancient Lusitania.
      137 BCE Intensive Romanization of Lusitania begins.
      410 CE Germanic tribes — Suevi and Visigoths—begin conquest of Roman Lusitania and Galicia.
      714—16 Muslims begin conquest of Visigothic Lusitania.
      1034 Christian Reconquest frontier reaches Mondego River.
      1064 Christians conquer Coimbra.
      1139 Burgundian Count Afonso Henriques proclaims himself king of Portugal; birth of Portugal. Battle of Ourique: Afonso Henriques defeats Muslims.
      1147 With English Crusaders' help, Portuguese seize Lisbon from Muslims.
      1179 Papacy formally recognizes Portugal's independence (Pope Alexander III).
      1226 Campaign to reclaim Alentejo from Muslims begins.
      1249 Last Muslim city (Silves) falls to Portuguese Army.
      1381 Beginning of third war between Castile and Portugal.
      1383 Master of Aviz, João, proclaimed regent by Lisbon populace.
      1385 April: Master of Aviz, João I, proclaimed king of Portugal by Cortes of Coimbra. 14 August: Battle of Aljubarrota, Castilians defeated by royal forces, with assistance of English army.
      1394 Birth of "Prince Henry the Navigator," son of King João I.
      1415 Beginning of overseas expansion as Portugal captures Moroccan city of Ceuta.
      1419 Discovery of Madeira Islands.
      1425-28 Prince D. Pedro, older brother of Prince Henry, travels in Europe.
      1427 Discovery (or rediscovery?) of Azores Islands.
      1434 Prince Henry the Navigator's ships pass beyond Cape Bojador, West Africa.
      1437 Disaster at Tangier, Morocco, as Portuguese fail to capture city.
      1441 First African slaves from western Africa reach Portugal.
      1460 Death of Prince Henry. Portuguese reach what is now Senegal, West Africa.
      1470s Portuguese explore West African coast and reach what is now Ghana and Nigeria and begin colonizing islands of São Tomé and Príncipe.
      1479 Treaty of Alcáçovas between kings of Portugal and Spain.
      1482 Portuguese establish post at São Jorge da Mina, Gold Coast (now Ghana).
      1482-83 Portuguese navigator Diogo Cão reaches mouth of Congo River and Angola.
      1488 Navigator Bartolomeu Dias rounds Cape of Good Hope, South Africa, and finds route to Indian Ocean.
      1492-93 Columbus's first voyage to West Indies.
      1493 Columbus visits Azores and Portugal on return from first voyage; tells of discovery of New World. Treaty of Tordesillas signed between kings of Portugal and Spain: delimits spheres of conquest with line 370 leagues west of Cape Verde Islands (claimed by Portugal); Portugal's sphere to east of line includes, in effect, Brazil.
       King Manuel I and Royal Council decide to continue seeking all-water route around Africa to Asia.
       King Manuel I expels unconverted Jews from Portugal.
      1497-99 Epic voyage of Vasco da Gama from Portugal around Africa to west India, successful completion of sea route to Asia project; da Gama returns to Portugal with samples of Asian spices.
      1500 Bound for India, Navigator Pedro Álvares Cabral "discovers" coast of Brazil and claims it for Portugal.
      1506 Anti-Jewish riots in Lisbon.
       Battle of Diu, India; Portugal's command of Indian Ocean assured for some time with Francisco de Almeida's naval victory over Egyptian and Gujerati fleets.
       Afonso de Albuquerque conquers Goa, India; beginning of Portuguese hegemony in south Asia.
       Portuguese conquest of Malacca; commerce in Spice Islands.
      1519 Magellan begins circumnavigation voyage.
      1536 Inquisition begins in Portugal.
      1543 Portuguese merchants reach Japan.
      1557 Portuguese merchants granted Chinese territory of Macau for trading factory.
      1572 Luís de Camões publishes epic poem, Os Lusíadas.
      1578 Battle of Alcácer-Quivir; Moroccan forces defeat army of King Sebastião of Portugal; King Sebastião dies in battle. Portuguese succession crisis.
      1580 King Phillip II of Spain claims and conquers Portugal; Spanish rule of Portugal, 1580-1640.
      1607-24 Dutch conquer sections of Asia and Brazil formerly held by Portugal.
      1640 1 December: Portuguese revolution in Lisbon overthrows Spanish rule, restores independence. Beginning of Portugal's Braganza royal dynasty.
      1654 Following Dutch invasions and conquest of parts of Brazil and Angola, Dutch expelled by force.
      1661 Anglo-Portuguese Alliance treaty signed: England pledges to defend Portugal "as if it were England itself." Queen Catherine of Bra-ganza marries England's Charles II.
      1668 February: In Portuguese-Spanish peace treaty, Spain recognizes independence of Portugal, thus ending 28-year War of Restoration.
      1703 Methuen Treaties signed, key commercial trade agreement and defense treaty between England and Portugal.
      1750 Pombal becomes chief minister of King José I.
      1755 1 November: Massive Lisbon earthquake, tidal wave, and fire.
      1759 Expulsion of Jesuits from Portugal and colonies.
      1761 Slavery abolished in continental Portugal.
      1769 Abandonment of Mazagão, Morocco, last Portuguese outpost.
      1777 Pombal dismissed as chief minister by Queen Maria I, after death of José I.
      1791 Portugal and United States establish full diplomatic relations.
      1807 November: First Napoleonic invasion; French forces under Junot conquer Portugal. Royal family flees to colony of Brazil and remains there until 1821.
      1809 Second French invasion of Portugal under General Soult.
      1811 Third French invasion of Portugal under General Masséna.
      1813 Following British general Wellington's military victories, French forces evacuate Portugal.
      1817 Liberal, constitutional movements against absolutist monarchist rule break out in Brazil (Pernambuco) and Portugal (Lisbon, under General Gomes Freire); crushed by government. British marshal of Portugal's army, Beresford, rules Portugal.
       Liberal insurrection in army officer corps breaks out in Cadiz, Spain, and influences similar movement in Portugal's armed forces first in Oporto.
       King João VI returns from Rio de Janeiro, Brazil, and early draft of constitution; era of constitutional monarchy begins.
      1822 7 September: João VI's son Pedro proclaims independence of
       Brazil from Portugal and is named emperor. 23 September: Constitution of 1822 ratified.
       Portugal recognizes sovereign independence of Brazil.
       King João VI dies; power struggle for throne ensues between his sons, brothers Pedro and Miguel; Pedro, emperor of Brazil, abdicates Portuguese throne in favor of his daughter, D. Maria II, too young to assume crown. By agreement, Miguel, uncle of D. Maria, is to accept constitution and rule in her stead.
      1828 Miguel takes throne and abolishes constitution. Sections of Portugal rebel against Miguelite rule.
      1831 Emperor Pedro abdicates throne of Brazil and returns to Portugal to expel King Miguel from Portuguese throne.
      1832-34 Civil war between absolutist King Miguel and constitutionalist Pedro, who abandons throne of Brazil to restore his young daughter Maria to throne of Portugal; Miguel's armed forces defeated by those of Pedro. Miguel leaves for exile and constitution (1826 Charter) is restored.
      1834-53 Constitutional monarchy consolidated under rule of Queen Maria II, who dies in 1853.
      1851-71 Regeneration period of economic development and political stability; public works projects sponsored by Minister Fontes Pereira de Melo.
      1871-90 Rotativism period of alternating party governments; achieves political stability and less military intervention in politics and government. Expansion of colonial territory in tropical Africa.
       January: Following territorial dispute in central Africa, Britain delivers "Ultimatum" to Portugal demanding withdrawal of Portugal's forces from what is now Malawi and Zimbabwe. Portugal's government, humiliated in accepting demand under threat of a diplomatic break, falls. Beginning of governmental and political instability; monarchist decline and republicanism's rise.
       Anglo-Portuguese treaties signed relating to delimitation of frontiers in colonial Africa.
      1899 Treaty of Windsor; renewal of Anglo-Portuguese defense and friendship alliance.
      1903 Triumphal visit of King Edward VII to Portugal.
      1906 Politician João Franco supported by King Carlos I in dictatorship to restore order and reform.
      1908 1 February: Murder in Lisbon of King Carlos I and his heir apparent, Prince Dom Luís, by Portuguese anarchists. Eighteen-year-old King Manuel II assumes throne.
      1910 3-5 October: Following republican-led military insurrection in armed forces, monarchy falls and first Portuguese republic is proclaimed. Beginning of unstable, economically troubled, parliamentary republic form of government.
       May: Violent insurrection in Lisbon overturns government of General Pimenta de Castro; nearly a thousand casualties from several days of armed combat in capital.
       March: Following Portugal's honoring ally Britain's request to confiscate German shipping in Portuguese harbors, Germany declares war on Portugal; Portugal enters World War I on Allied side.
       Portugal organizes and dispatches Portuguese Expeditionary Corps to fight on the Western Front. 9 April: Portuguese forces mauled by German offensive in Battle of Lys. Food rationing and riots in Lisbon. Portuguese military operations in Mozambique against German expedition's invasion from German East Africa. 5 December: Authoritarian, presidentialist government under Major Sidónio Pais takes power in Lisbon, following a successful military coup.
      1918 11 November: Armistice brings cessation of hostilities on Western Front in World War I. Portuguese expeditionary forces stationed in Angola, Mozambique, and Flanders begin return trip to Portugal. 14 December: President Sidónio Pais assassinated. Chaotic period of ephemeral civil war ensues.
      1919-21 Excessively unstable political period, including January
      1919 abortive effort of Portuguese monarchists to restore Braganza dynasty to power. Republican forces prevail, but level of public violence, economic distress, and deprivation remains high.
      1921 October: Political violence attains peak with murder of former prime minister and other prominent political figures in Lisbon. Sectors of armed forces and Guarda Nacional Republicana are mutinous. Year of financial and corruption scandals, including Portuguese bank note (fraud) case; military court acquits guilty military insurrectionists, and one military judge declares "the country is sick."
       28 May: Republic overthrown by military coup or pronunciamento and conspiracy among officer corps. Parliament's doors locked and parliament closed for nearly nine years to January 1935. End of parliamentary republic, Western Europe's most unstable political system in this century, beginning of the Portuguese dictatorship, after 1930 known as the Estado Novo. Officer corps assumes reins of government, initiates military censorship of the press, and suppresses opposition.
       February: Military dictatorship under General Óscar Carmona crushes failed republican armed insurrection in Oporto and Lisbon.
       April: Military dictatorship names Professor Antônio de Oliveira Salazar minister of finance, with dictatorial powers over budget, to stabilize finances and rebuild economy. Insurrectionism among military elements continues into 1931.
      1930 Dr. Salazar named minister for colonies and announces balanced budgets. Salazar consolidates support by various means, including creation of official regime "movement," the National Union. Salazar engineers Colonial Act to ensure Lisbon's control of bankrupt African colonies by means of new fiscal controls and centralization of authority. July: Military dictatorship names Salazar prime minister for first time, and cabinet composition undergoes civilianization; academic colleagues and protégés plan conservative reform and rejuvenation of society, polity, and economy. Regime comes to be called the Estado Novo (New State). New State's constitution ratified by new parliament, the National Assembly; Portugal described in document as "unitary, corporative Republic" and governance influenced by Salazar's stern personality and doctrines such as integralism, Catholicism, and fiscal conservatism.
      1936 Violent instability and ensuing civil war in neighboring Spain, soon internationalized by fascist and communist intervention, shake Estado Novo regime. Pseudofascist period of regime features creation of imitation Fascist institutions to defend regime from leftist threats; Portugal institutes "Portuguese Youth" and "Portuguese Legion."
      1939 3 September: Prime Minister Salazar declares Portugal's neutrality in World War II. October: Anglo-Portuguese agreement grants naval and air base facilities to Britain and later to United States for Battle of the Atlantic and Normandy invasion support. Third Reich protests breach of Portugal's neutrality.
       6 June: On day of Allies' Normandy invasion, Portugal suspends mining and export of wolfram ore to both sides in war.
       8 May: Popular celebrations of Allied victory and Fascist defeat in Lisbon and Oporto coincide with Victory in Europe Day. Following managed elections for Estado Novo's National Assembly in November, regime police, renamed PIDE, with increased powers, represses opposition.
      1947 Abortive military coup in central Portugal easily crushed by regime. Independence of India and initiation of Indian protests against Portuguese colonial rule in Goa and other enclaves.
      1949 Portugal becomes founding member of NATO.
      1951 Portugal alters constitution and renames overseas colonies "Overseas Provinces." Portugal and United States sign military base agreements for use of air and naval facilities in Azores Islands and military aid to Lisbon. President Carmona dies in office, succeeded by General Craveiro Lopes (1951-58). July: Indians occupy enclave of Portuguese India (dependency of Damão) by means of passive resistance movement. August: Indian passive resistance movement in Portuguese India repelled by Portuguese forces with loss of life. December: With U.S. backing, Portugal admitted as member of United Nations (along with Spain). Air force general Humberto Delgado, in opposition, challenges Estado Novo's hand-picked successor to Craveiro Lopes, Admiral Américo Tomás. Delgado rallies coalition of democratic, liberal, and communist opposition but loses rigged election and later flees to exile in Brazil. Portugal joins European Free Trade Association (EFTA).
       January and February: Estado Novo rocked by armed African insurrection in northern Angola, crushed by armed forces. Hijacking of Portuguese ocean liner by ally of Delgado, Captain Henrique Galvão. April: Salazar defeats attempted military coup and reshuffles cabinet with group of younger figures who seek to reform colonial rule and strengthen the regime's image abroad. 18 December: Indian army rapidly defeats Portugal's defense force in Goa, Damão, and Diu and incorporates Portugal's Indian possessions into Indian Union. January: Abortive military coup in Beja, Portugal.
      1965 February: General Delgado and his Brazilian secretary murdered and secretly buried near Spanish frontier by political police, PIDE.
      1968 August and September: Prime Minister Salazar, aged 79, suffers crippling stoke. President Tomás names former cabinet officer Marcello Caetano as Salazar's successor. Caetano institutes modest reforms in Portugal and overseas.
      1971 Caetano government ratifies amended constitution that allows slight devolution and autonomy to overseas provinces in Africa and Asia. Right-wing loyalists oppose reforms in Portugal. 25 April: Military coup engineered by Armed Forces Movement overthrows Estado Novo and establishes provisional government emphasizing democratization, development, and decolonization. Limited resistance by loyalists. President Tomás and Premier Caetano flown to exile first in Madeira and then in Brazil. General Spínola appointed president. September: Revolution moves to left, as President Spínola, thwarted in his program, resigns.
       March: Military coup by conservative forces fails, and leftist response includes nationalization of major portion of economy. Polarization between forces and parties of left and right. 25 November: Military coup by moderate military elements thwarts leftist forces. Constituent Assembly prepares constitution. Revolution moves from left to center and then right.
       March: Constitution ratified by Assembly of the Republic. 25 April: Second general legislative election gives largest share of seats to Socialist Party (PS). Former oppositionist lawyer, Mário Soares, elected deputy and named prime minister.
      1977-85 Political pendulum of democratic Portugal moves from center-left to center-right, as Social Democratic Party (PSD) increases hold on assembly and take office under Prime Minister Cavaco Silva. July
      1985 elections give edge to PSD who advocate strong free-enterprise measures and revision of leftist-generated 1976 Constitution, amended modestly in 1982.
      1986 January: Portugal joins European Economic Community (EEC).
      1987 July: General, legislative elections for assembly give more than 50 percent to PSD led by Prime Minister Cavaco Silva. For first time, since 1974, Portugal has a working majority government.
      1989 June: Following revisions of 1976 Constitution, reprivatization of economy begins, under PS government.
       January: Presidential elections, Mário Soares reelected for second term. July: General, legislative elections for assembly result in new PSD victory and majority government.
       January-July: Portugal holds presidency of the Council of the European Economic Community (EEC). December: Tariff barriers fall as fully integrated Common Market established in the EEC.
       November: Treaty of Maastricht comes into force. The EEC officially becomes the European Union (EU). Portugal is signatory with 11 other member-nations.
       October: General, legislative elections for assembly result in PS victory and naming of Prime Minister Guterres. PS replace PSD as leading political party. November: Excavations for Lisbon bank uncover ancient Phoenician, Roman, and Christian ruins.
       January: General, presidential elections; socialist Jorge Sampaio defeats PSD's Cavaco Silva and assumes presidency from Dr. Mário Soares. July: Community of Portuguese Languages Countries (CPLP) cofounded by Portugal and Brazil.
       May-September: Expo '98 held in Lisbon. Opening of Vasco da Gama Bridge across Tagus River, Europe's longest (17 kilometers/ 11 miles). June: National referendum on abortion law change defeated after low voter turnout. November: National referendum on regionaliza-tion and devolution of power defeated after another low voter turnout.
       October: General, legislative elections: PS victory over PSD lacks clear majority in parliament. Following East Timor referendum, which votes for independence and withdrawal of Indonesia, outburst of popular outrage in streets, media, and communications of Portugal approves armed intervention and administration of United Nations (and withdrawal of Indonesia) in East Timor. Portugal and Indonesia restore diplomatic relations. December: A Special Territory since 1975, Colony of Macau transferred to sovereignty of People's Republic of China.
       January-June: Portugal holds presidency of the Council of the EU; end of Discoveries Historical Commemoration Cycle (1988-2000).
       United Nations forces continue to occupy and administer former colony of East Timor, with Portugal's approval.
       January: General, presidential elections; PS president Sampaio reelected for second term. City of Oporto, "European City of Culture" for the year, hosts arts festival. December: Municipal elections: PSD defeats PS; socialist prime minister Guterres resigns; President Sampaio calls March parliamentary elections.
       1 January: Portugal enters single European Currency system. Euro currency adopted and ceases use of former national currency, the escudo. March: Parliamentary elections; PSD defeats PS and José Durão Barroso becomes prime minister. Military modernization law passed. Portugal holds chairmanship of Organization for Security and Co-operation in Europe (OSCE).
       May: Municipal law passed permitting municipalities to reorganize in new ways.
       June: Prime Minister Durão Barroso, invited to succeed Romano Prodi as president of EU Commission, resigns. Pedro Santana Lopes becomes prime minister. European Parliament elections held. Conscription for national service in army and navy ended. Mass grave uncovered at Academy of Sciences Museum, Lisbon, revealing remains of several thousand victims of Lisbon earthquake, 1755.
       February: Parliamentary elections; PS defeats PSD, socialists win first absolute majority in parliament since 1975. José Sócrates becomes prime minister.
       January: Presidential elections; PSD candidate Aníbal Cavaco Silva elected and assumes presidency from Jorge Sampaio. Portugal's national soccer team ranked 7th out of 205 countries by international soccer association. European Union's Bologna Process in educational reform initiated in Portugal.
       July-December: Portugal holds presidency of the Council of the European Union. For reasons of economy, Portugal announces closure of many consulates, especially in France and the eastern US. Government begins official inspections of private institutions of higher education, following scandals.
      2008 January: Prime Minister Sócrates announces location of new Lisbon area airport as Alcochete, on south bank of Tagus River, site of air force shooting range. February: Portuguese Army begins to receive new modern battle tanks (Leopard 2 A6). March: Mass protest of 85,000 public school (primary and secondary levels) teachers in Lisbon schools dispute recent educational policies of minister of education and prime minister.

    Historical dictionary of Portugal > Chronology

  • 93 EBRD

    abbr. Fin
    European Bank for Reconstruction and Development: the bank, which was established in 1991, developed programs to tackle a variety of issues. These included: the creation and strengthening of infrastructure; industry privatization; the reform of the financial sector, including the development of capital markets and the privatization of commercial banks; the development of productive competitive private sectors of small and medium-sized enterprises in industry, agriculture, and services; the restructuring of industrial sectors to put them on a competitive basis; and encouraging foreign investment and cleaning up the environment. The EBRD had 41 original members: the European Commission, the European Investment Bank, all the EEC countries, and all the countries of Eastern Europe except Albania, which finally became a member in October 1991, followed by all the republics of the former USSR in March 1992.

    The ultimate business dictionary > EBRD

  • 94 share issue

    Fin
    an occasion when shares in a business are offered for sale. The capital derived from share issues can be used for investment in the core business or for expansion into new commercial ventures.

    The ultimate business dictionary > share issue

  • 95 Lauste, Eugène Augustin

    [br]
    b. 1857 Montmartre, France d. 1935
    [br]
    French inventor who devised the first practicable sound-on-film system.
    [br]
    Lauste was a prolific inventor who as a 22-year-old had more than fifty patents to his name. He joined Edison's West Orange Laboratory as Assistant to W.K.L. Dickson in 1887; he was soon involved in the development of early motion pictures, beginning an association with the cinema that was to dominate the rest of his working life. He left Edison in 1892 to pursue an interest in petrol engines, but within two years he returned to cinematography, where, in association with Major Woodville Latham, he introduced small but significant improvements to film-projection systems. In 1900 an interest in sound recording, dating back to his early days with Edison, led Lauste to begin exploring the possibility of recording sound photographically on film alongside the picture. In 1904 he moved to England, where he continued his experiments, and by 1907 he had succeeded in photographing a sound trace and picture simultaneously, each image occupying half the width of the film.
    Despite successful demonstrations of Lauste's system on both sides of the Atlantic, he enjoyed no commercial success. Handicapped by lack of capital, his efforts were finally brought to an end by the First World War. In 1906 Lauste had filed a patent for his sound-on-film system, which has been described by some authorities as the master patent for talking pictures. Although this claim is questionable, he was the first to produce a practicable scund-on-film system and establish the basic principles that were universally followed until the introduction of magnetic sound.
    [br]
    Bibliography
    11 August 1906, with Robert R.Haines and John S.Pletts, British Patent no. 18,057 (sound-on-film system).
    Further Reading
    The most complete accounts of Lauste's work and the history of sound films can be found in the Journal of the Society of Motion Picture (and Television) Engineers.
    For an excellent account of Lauste's work, see the Report of the Historical Committee, 1931, Journal of the Society of Motion Picture Engin eers 16 (January):105–9; and Merritt Crawford, 1941, Journal of the Society of Motion Picture Engineers, 17 (October) 632–44.
    For good general accounts of the evolution of sound in the cinema, see: E.I.Sponable, 1947, Journal of the Society of Motion Picture Engineers 48:275–303 and 407–22; E.W.Kellog, 1955, Journal of the Society of Motion Picture Engineers 64:291–302 and 356–74.
    JW

    Biographical history of technology > Lauste, Eugène Augustin

  • 96 Raky, Anton

    [br]
    b. 5 January 1868 Seelenberg, Taunus, Germany
    d. 22 August 1943 Berlin, Germany
    [br]
    German inventor of rapid percussion drilling, entrepreneur in the exploration business.
    [br]
    While apprenticed at the drilling company of E. Przibilla, Raky already called attention by his reflections towards developing drilling methods and improving tools. Working as a drilling engineer in Alsace, he was extraordinarily successful in applying an entire new hydraulic boring system in which the rod was directly connected to the chisel. This apparatus, driven by steam, allowed extremely rapid percussions with very low lift.
    With some improvements, his boring rig drilled deep holes at high speed and at least doubled the efficiency of the methods hitherto used. His machine, which was also more reliable, was secured by a patent in 1895. With borrowed capital, he founded the Internationale Bohrgesellschaft in Strasbourg in the same year, and he began a career in the international exploration business that was unequalled as well as breathtaking. Until 1907 the total depth of the drillings carried out by the company was 1,000 km.
    Raky's rapid drilling was unrivalled and predominant until improved rotary drilling took over. His commercial sense in exploiting the technical advantages of his invention by combining drilling with producing the devices in his own factory at Erkelenz, which later became the headquarters of the company, and in speculating on the concessions for the explored deposits made him by far superior to all of his competitors, who were provoked into contests which they generally lost. His flourishing company carried out drilling in many parts of the world; he became the initiator of the Romanian oil industry and his extraordinary activities in exploring potash and coal deposits in different parts of Germany, especially in the Ruhr district, provoked the government in 1905 into stopping granting claims to private companies. Two years later, he was forced to withdraw from his holding company because of his restless and eccentric character. He turned to Russia and, during the First World War, he was responsible for the reconstruction of the destroyed Romanian oilfields. Thereafter, partly financed by mining companies, he continued explorations in several European countries, and in Germany he was pioneering again with exploring oilfields, iron ore and lignite deposits which later grew in economic value. Similar to Glenck a generation before, he was a daring entrepreneur who took many risks and opened new avenues of exploration, and he was constantly having to cope with a weak financial position, selling concessions and shares, most of them to Preussag and Wintershall; however, this could not prevent his business from collapse in 1932. He finally gave up drilling in 1936 and died a poor man.
    [br]
    Principal Honours and Distinctions
    Dr-Ing. (Hon.) Bergakademie Clausthal 1921.
    Further Reading
    G.P.R.Martin, 1967, "Hundert Jahre Anton Raky", Erdöl-Erdgas-Zeitschrift, 83:416–24 (a detailed description).
    D.Hoffmann, 1959, 150 Jahre Tiefbohrungen in Deutschland, Vienna and Hamburg: 32– 4 (an evaluation of his technologial developments).
    WK

    Biographical history of technology > Raky, Anton

  • 97 ἀφορμή

    ἀφορμή, ῆς, ἡ (s. ἀφορμάω) lit. a base or circumstance from which other action becomes possible, such as the starting-point or base of operations for an expedition, then gener. the resources needed to carry through an undertaking (e.g. even commercial capital), in our lit. (also Ar. 2, 7; Just.; Tat.; Mel., HE 4, 26, 5; Ath., R. 49, 235 al.) a set of convenient circumstances for carrying out some purpose occasion, opportunity for someth., a meaning found in Attic Gk. and also quite common in the Koine (Nägeli 15) ἐκκόπτειν τὴν ἀ. τῶν θελόντων ἀ. cut off the opportunity of those who wish an opportunity 2 Cor 11:12 (numerous transl. var. render: ‘cut the ground out from under those who look for opportunity’); ἀ. διδόναι τινί (Polyb. 28, 6, 7 μὴ διδόναι τ. ἐχθροῖς ἀφορμὴν εἰς διαβολήν; Pr 9:9; Philo, Leg. ad Gai. 200; cp. Diod S 1, 83; 13, 22, 5; 3 Macc 3:2) give someone an occasion: τῷ ἀντικειμένῳ λοιδορίας χάριν to the opponent for reviling 1 Ti 5:14; excuse (to future believers for moral laxity) Hm 4, 3, 3; τινός for someth. 2 Cor 5:12 (for the gen. cp. Epict. 1, 8, 6; 1, 9, 20; Dio Chrys. 16 [33], 38; Jos., Bell. 7, 441, Ant. 5, 57); ἀ. διδόναι τινί, ἵνα Hm 4, 1, 11. Pl. (Polyb., Epict., Vett. Val.; IPriene 105, 13 and 16; Joseph.) ἀφορμὰς διδόναι τινί, ἵνα ITr 8:2; ἀ. λαμβάνειν (a favorite expr.; e.g. in Polyb.; Dionys. Hal.; Philo, In Flacc. 47; Ar. 11, 7 ἀφορμήν; cp. Just., A I, 44, 9 ἀφορμάς) grasp an opportunity Ro 7:8, 11; w. gen. of the one who gives the opportunity Lk 11:53/54 v.l. (the expr. ἀ. ζητεῖν is used difft. POxy 34 III, 13 ἀ. ζητοῦντες ἁμαρτημάτων=looking for opportunity to commit illegal acts). W. εἴς τι for someth. (Appian, Bell. Civ. 5, 53 §222 ἔχειν ἀφορμὴν ἔς τι; Philo) 2 Cl 16:1; εἰς ἀ. τῇ σαρκί to give the flesh an opportunity (to become active) Gal 5:13.—M-M. TW. Sv.

    Ελληνικά-Αγγλικά παλαιοχριστιανική Λογοτεχνία > ἀφορμή

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