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under new ownership

  • 1 ownership

    ownership n propriété f ; ( of land) possession f ; foreign ownership propriété étrangère ; home ownership fait m d'être propriétaire de son logement ; joint ownership copropriété f ; private/public ownership propriété privée/publique ; property ownership propriété immobilière ; share ownership participation f dans le capital d'une société ; to be in ou under private ownership être en propriété privée ; to take into public ownership nationaliser ; ‘under new ownership’ ‘changement de propriétaire’ ; under her ownership the club has flourished depuis qu'elle a racheté le club celui-ci a prospéré ; home ownership is increasing le nombre de personnes propriétaires de leur logement augmente ; to provide proof of ownership prouver qu'on est propriétaire.

    Big English-French dictionary > ownership

  • 2 ownership

    ownership [ˈəʊnə∫ɪp]
    * * *
    ['əʊnəʃɪp]
    noun propriété f; ( of land) possession f

    share ownership — participation f dans le capital d'une société

    ‘under new ownership’ — ‘changement de propriétaire’

    English-French dictionary > ownership

  • 3 ownership

    ownership ['əʊnəʃɪp]
    possession f;
    ∎ we require proof of ownership nous demandons un titre de propriété;
    ∎ the government encourages home ownership le gouvernement encourage l'accession à la propriété;
    ∎ the ownership of the house is contested les droits de propriété sont contestés;
    ∎ to be in private/public ownership appartenir au secteur privé/public;
    ∎ most of the industry is in private ownership la plus grande partie des entreprises sont aux mains du secteur privé;
    ∎ change of ownership changement de propriétaire;
    ∎ under new ownership (sign) changement de propriétaire

    Un panorama unique de l'anglais et du français > ownership

  • 4 ♦ ownership

    ♦ ownership /ˈəʊnəʃɪp/
    n. [u]
    1 (leg.) proprietà: right of ownership, diritto di proprietà
    2 ( di giornale) testata: to buy the ownership of a paper, comprare la testata di un giornale
    ● «under new ownership» ( cartello), «nuova gestione» ( di negozio, ecc.).

    English-Italian dictionary > ♦ ownership

  • 5 ownership

    ownership GEN Eigentum n, Eigentumsrecht n, Inhaberschaft f an Rechten, Besitz m • under new ownership GEN in neuer Eigentümerschaft, unter neuer Leitung

    Englisch-Deutsch Fachwörterbuch der Wirtschaft > ownership

  • 6 ownership

    noun, no pl.
    Besitz, der

    be under new ownership — [Firma, Laden, Restaurant:] einen neuen Inhaber/eine neue Inhaberin haben

    * * *
    noun das Eigentumsrecht
    * * *
    own·er·ship
    [ˈəʊnəʃɪp, AM ˈoʊnɚ-]
    n no pl Besitz m, Eigentum nt
    the \ownership of the company has passed to the banks das Eigentumsrecht an dem Unternehmen ist auf die Banken übergangen
    home \ownership Wohneigentum nt
    change of \ownership Eigentumswechsel m, Eigentümerwechsel m
    proof of \ownership Eigentumsnachweis m
    common [or collective] \ownership Miteigentum nt, Kollektivinhaberschaft f, Genossenschaft f bes ÖSTERR
    joint \ownership Miteigentum nt
    to be under [or in] private/public \ownership sich in Privat-/Staatsbesitz befinden
    there is a debate about whether these industries should be in public or private \ownership es wird darüber debattiert, ob diese Branchen in öffentlichem oder Privatbesitz sein sollten
    to claim \ownership seine Besitzansprüche anmelden
    several people have claimed \ownership of the bracelet found in the park on Saturday mehrere Leute haben behauptet, dass das Armband, das am Samstag im Park gefunden wurde, ihnen gehört
    * * *
    ['əʊnəʃɪp]
    n
    Besitz m

    to establish the ownership of sth — den Besitzer einer Sache (gen) feststellen

    there are doubts as to the ownership of the property — es ist nicht klar, wer der Eigentümer dieses Grundstücks ist

    under his ownership the business flourished — das Geschäft blühte in der Zeit, als es sich in seinem Besitz befand

    since we've been under new ownership —

    this certifies your ownership of... — das weist Sie als Eigentümer von... aus

    * * *
    1. JUR
    a) Eigentum(srecht) n
    b) Inhaberschaft f
    2. weitS.
    a) Besitz m
    b) Besitzverhältnisse pl
    * * *
    noun, no pl.
    Besitz, der

    be under new ownership — [Firma, Laden, Restaurant:] einen neuen Inhaber/eine neue Inhaberin haben

    * * *
    n.
    Eigentum -¨er n.

    English-german dictionary > ownership

  • 7 ownership

    ['əʊnəʃɪp]
    nome proprietà f.; (of land) possesso m.

    to be in o under private ownership essere (una) proprietà privata; to take into public ownership nazionalizzare; "under new ownership" "nuova gestione"; home ownership is increasing il numero di persone che possiedono la casa in cui abitano è in aumento; to provide proof of ownership — dimostrare di essere proprietario

    * * *
    noun proprietà
    * * *
    ['əʊnəʃɪp]
    nome proprietà f.; (of land) possesso m.

    to be in o under private ownership essere (una) proprietà privata; to take into public ownership nazionalizzare; "under new ownership" "nuova gestione"; home ownership is increasing il numero di persone che possiedono la casa in cui abitano è in aumento; to provide proof of ownership — dimostrare di essere proprietario

    English-Italian dictionary > ownership

  • 8 ownership

    noun propiedad
    tr['əʊnəʃɪp]
    1 propiedad nombre femenino, posesión nombre femenino
    ownership ['o:nər.ʃɪp] n
    : propiedad f
    n.
    • pertenencia s.f.
    • posesión s.f.
    • propiedad s.f.
    'əʊnərʃɪp, 'əʊnəʃɪp
    mass noun propiedad f

    the company is in private/state ownership — la compañía es de propiedad privada/estatal

    ['ǝʊnǝʃɪp]
    N propiedad f

    under new ownership — nuevo propietario, nuevo dueño

    * * *
    ['əʊnərʃɪp, 'əʊnəʃɪp]
    mass noun propiedad f

    the company is in private/state ownership — la compañía es de propiedad privada/estatal

    English-spanish dictionary > ownership

  • 9 ownership *** own·er·ship n

    ['əʊnəʃɪp]

    English-Italian dictionary > ownership *** own·er·ship n

  • 10 ownership

    propriété f;
    ∎ under new ownership (sign) changement de propriétaire;
    ∎ to be in private/public ownership appartenir au secteur privé/public

    English-French business dictionary > ownership

  • 11 ownership

    ['əunəʃɪp]
    n
    posiadanie nt, własność f
    * * *
    noun własność

    English-Polish dictionary > ownership

  • 12 ownership

    UK / US
    n

    English-German mini dictionary > ownership

  • 13 ownership

    UK / US
    n

    English-German mini dictionary > ownership

  • 14 ownership

    kb. kemilikan, hak milik, kepemilikan. This store is under new o. Toko ini di bawah pemilikan/pemilik baru.

    English-Malay dictionary > ownership

  • 15 Historical Portugal

       Before Romans described western Iberia or Hispania as "Lusitania," ancient Iberians inhabited the land. Phoenician and Greek trading settlements grew up in the Tagus estuary area and nearby coasts. Beginning around 202 BCE, Romans invaded what is today southern Portugal. With Rome's defeat of Carthage, Romans proceeded to conquer and rule the western region north of the Tagus, which they named Roman "Lusitania." In the fourth century CE, as Rome's rule weakened, the area experienced yet another invasion—Germanic tribes, principally the Suevi, who eventually were Christianized. During the sixth century CE, the Suevi kingdom was superseded by yet another Germanic tribe—the Christian Visigoths.
       A major turning point in Portugal's history came in 711, as Muslim armies from North Africa, consisting of both Arab and Berber elements, invaded the Iberian Peninsula from across the Straits of Gibraltar. They entered what is now Portugal in 714, and proceeded to conquer most of the country except for the far north. For the next half a millennium, Islam and Muslim presence in Portugal left a significant mark upon the politics, government, language, and culture of the country.
       Islam, Reconquest, and Portugal Created, 714-1140
       The long frontier struggle between Muslim invaders and Christian communities in the north of the Iberian peninsula was called the Reconquista (Reconquest). It was during this struggle that the first dynasty of Portuguese kings (Burgundian) emerged and the independent monarchy of Portugal was established. Christian forces moved south from what is now the extreme north of Portugal and gradually defeated Muslim forces, besieging and capturing towns under Muslim sway. In the ninth century, as Christian forces slowly made their way southward, Christian elements were dominant only in the area between Minho province and the Douro River; this region became known as "territorium Portu-calense."
       In the 11th century, the advance of the Reconquest quickened as local Christian armies were reinforced by crusading knights from what is now France and England. Christian forces took Montemor (1034), at the Mondego River; Lamego (1058); Viseu (1058); and Coimbra (1064). In 1095, the king of Castile and Léon granted the country of "Portu-cale," what became northern Portugal, to a Burgundian count who had emigrated from France. This was the foundation of Portugal. In 1139, a descendant of this count, Afonso Henriques, proclaimed himself "King of Portugal." He was Portugal's first monarch, the "Founder," and the first of the Burgundian dynasty, which ruled until 1385.
       The emergence of Portugal in the 12th century as a separate monarchy in Iberia occurred before the Christian Reconquest of the peninsula. In the 1140s, the pope in Rome recognized Afonso Henriques as king of Portugal. In 1147, after a long, bloody siege, Muslim-occupied Lisbon fell to Afonso Henriques's army. Lisbon was the greatest prize of the 500-year war. Assisting this effort were English crusaders on their way to the Holy Land; the first bishop of Lisbon was an Englishman. When the Portuguese captured Faro and Silves in the Algarve province in 1248-50, the Reconquest of the extreme western portion of the Iberian peninsula was complete—significantly, more than two centuries before the Spanish crown completed the Reconquest of the eastern portion by capturing Granada in 1492.
       Consolidation and Independence of Burgundian Portugal, 1140-1385
       Two main themes of Portugal's early existence as a monarchy are the consolidation of control over the realm and the defeat of a Castil-ian threat from the east to its independence. At the end of this period came the birth of a new royal dynasty (Aviz), which prepared to carry the Christian Reconquest beyond continental Portugal across the straits of Gibraltar to North Africa. There was a variety of motives behind these developments. Portugal's independent existence was imperiled by threats from neighboring Iberian kingdoms to the north and east. Politics were dominated not only by efforts against the Muslims in
       Portugal (until 1250) and in nearby southern Spain (until 1492), but also by internecine warfare among the kingdoms of Castile, Léon, Aragon, and Portugal. A final comeback of Muslim forces was defeated at the battle of Salado (1340) by allied Castilian and Portuguese forces. In the emerging Kingdom of Portugal, the monarch gradually gained power over and neutralized the nobility and the Church.
       The historic and commonplace Portuguese saying "From Spain, neither a good wind nor a good marriage" was literally played out in diplomacy and war in the late 14th-century struggles for mastery in the peninsula. Larger, more populous Castile was pitted against smaller Portugal. Castile's Juan I intended to force a union between Castile and Portugal during this era of confusion and conflict. In late 1383, Portugal's King Fernando, the last king of the Burgundian dynasty, suddenly died prematurely at age 38, and the Master of Aviz, Portugal's most powerful nobleman, took up the cause of independence and resistance against Castile's invasion. The Master of Aviz, who became King João I of Portugal, was able to obtain foreign assistance. With the aid of English archers, Joao's armies defeated the Castilians in the crucial battle of Aljubarrota, on 14 August 1385, a victory that assured the independence of the Portuguese monarchy from its Castilian nemesis for several centuries.
       Aviz Dynasty and Portugal's First Overseas Empire, 1385-1580
       The results of the victory at Aljubarrota, much celebrated in Portugal's art and monuments, and the rise of the Aviz dynasty also helped to establish a new merchant class in Lisbon and Oporto, Portugal's second city. This group supported King João I's program of carrying the Reconquest to North Africa, since it was interested in expanding Portugal's foreign commerce and tapping into Muslim trade routes and resources in Africa. With the Reconquest against the Muslims completed in Portugal and the threat from Castile thwarted for the moment, the Aviz dynasty launched an era of overseas conquest, exploration, and trade. These efforts dominated Portugal's 15th and 16th centuries.
       The overseas empire and age of Discoveries began with Portugal's bold conquest in 1415 of the Moroccan city of Ceuta. One royal member of the 1415 expedition was young, 21-year-old Prince Henry, later known in history as "Prince Henry the Navigator." His part in the capture of Ceuta won Henry his knighthood and began Portugal's "Marvelous Century," during which the small kingdom was counted as a European and world power of consequence. Henry was the son of King João I and his English queen, Philippa of Lancaster, but he did not inherit the throne. Instead, he spent most of his life and his fortune, and that of the wealthy military Order of Christ, on various imperial ventures and on voyages of exploration down the African coast and into the Atlantic. While mythology has surrounded Henry's controversial role in the Discoveries, and this role has been exaggerated, there is no doubt that he played a vital part in the initiation of Portugal's first overseas empire and in encouraging exploration. He was naturally curious, had a sense of mission for Portugal, and was a strong leader. He also had wealth to expend; at least a third of the African voyages of the time were under his sponsorship. If Prince Henry himself knew little science, significant scientific advances in navigation were made in his day.
       What were Portugal's motives for this new imperial effort? The well-worn historical cliche of "God, Glory, and Gold" can only partly explain the motivation of a small kingdom with few natural resources and barely 1 million people, which was greatly outnumbered by the other powers it confronted. Among Portuguese objectives were the desire to exploit known North African trade routes and resources (gold, wheat, leather, weaponry, and other goods that were scarce in Iberia); the need to outflank the Muslim world in the Mediterranean by sailing around Africa, attacking Muslims en route; and the wish to ally with Christian kingdoms beyond Africa. This enterprise also involved a strategy of breaking the Venetian spice monopoly by trading directly with the East by means of discovering and exploiting a sea route around Africa to Asia. Besides the commercial motives, Portugal nurtured a strong crusading sense of Christian mission, and various classes in the kingdom saw an opportunity for fame and gain.
       By the time of Prince Henry's death in 1460, Portugal had gained control of the Atlantic archipelagos of the Azores and Madeiras, begun to colonize the Cape Verde Islands, failed to conquer the Canary Islands from Castile, captured various cities on Morocco's coast, and explored as far as Senegal, West Africa, down the African coast. By 1488, Bar-tolomeu Dias had rounded the Cape of Good Hope in South Africa and thereby discovered the way to the Indian Ocean.
       Portugal's largely coastal African empire and later its fragile Asian empire brought unexpected wealth but were purchased at a high price. Costs included wars of conquest and defense against rival powers, manning the far-flung navel and trade fleets and scattered castle-fortresses, and staffing its small but fierce armies, all of which entailed a loss of skills and population to maintain a scattered empire. Always short of capital, the monarchy became indebted to bankers. There were many defeats beginning in the 16th century at the hands of the larger imperial European monarchies (Spain, France, England, and Holland) and many attacks on Portugal and its strung-out empire. Typically, there was also the conflict that arose when a tenuously held world empire that rarely if ever paid its way demanded finance and manpower Portugal itself lacked.
       The first 80 years of the glorious imperial era, the golden age of Portugal's imperial power and world influence, was an African phase. During 1415-88, Portuguese navigators and explorers in small ships, some of them caravelas (caravels), explored the treacherous, disease-ridden coasts of Africa from Morocco to South Africa beyond the Cape of Good Hope. By the 1470s, the Portuguese had reached the Gulf of Guinea and, in the early 1480s, what is now Angola. Bartolomeu Dias's extraordinary voyage of 1487-88 to South Africa's coast and the edge of the Indian Ocean convinced Portugal that the best route to Asia's spices and Christians lay south, around the tip of southern Africa. Between 1488 and 1495, there was a hiatus caused in part by domestic conflict in Portugal, discussion of resources available for further conquests beyond Africa in Asia, and serious questions as to Portugal's capacity to reach beyond Africa. In 1495, King Manuel and his council decided to strike for Asia, whatever the consequences. In 1497-99, Vasco da Gama, under royal orders, made the epic two-year voyage that discovered the sea route to western India (Asia), outflanked Islam and Venice, and began Portugal's Asian empire. Within 50 years, Portugal had discovered and begun the exploitation of its largest colony, Brazil, and set up forts and trading posts from the Middle East (Aden and Ormuz), India (Calicut, Goa, etc.), Malacca, and Indonesia to Macau in China.
       By the 1550s, parts of its largely coastal, maritime trading post empire from Morocco to the Moluccas were under siege from various hostile forces, including Muslims, Christians, and Hindi. Although Moroccan forces expelled the Portuguese from the major coastal cities by 1550, the rival European monarchies of Castile (Spain), England, France, and later Holland began to seize portions of her undermanned, outgunned maritime empire.
       In 1580, Phillip II of Spain, whose mother was a Portuguese princess and who had a strong claim to the Portuguese throne, invaded Portugal, claimed the throne, and assumed control over the realm and, by extension, its African, Asian, and American empires. Phillip II filled the power vacuum that appeared in Portugal following the loss of most of Portugal's army and its young, headstrong King Sebastião in a disastrous war in Morocco. Sebastiao's death in battle (1578) and the lack of a natural heir to succeed him, as well as the weak leadership of the cardinal who briefly assumed control in Lisbon, led to a crisis that Spain's strong monarch exploited. As a result, Portugal lost its independence to Spain for a period of 60 years.
       Portugal under Spanish Rule, 1580-1640
       Despite the disastrous nature of Portugal's experience under Spanish rule, "The Babylonian Captivity" gave birth to modern Portuguese nationalism, its second overseas empire, and its modern alliance system with England. Although Spain allowed Portugal's weakened empire some autonomy, Spanish rule in Portugal became increasingly burdensome and unacceptable. Spain's ambitious imperial efforts in Europe and overseas had an impact on the Portuguese as Spain made greater and greater demands on its smaller neighbor for manpower and money. Portugal's culture underwent a controversial Castilianization, while its empire became hostage to Spain's fortunes. New rival powers England, France, and Holland attacked and took parts of Spain's empire and at the same time attacked Portugal's empire, as well as the mother country.
       Portugal's empire bore the consequences of being attacked by Spain's bitter enemies in what was a form of world war. Portuguese losses were heavy. By 1640, Portugal had lost most of its Moroccan cities as well as Ceylon, the Moluccas, and sections of India. With this, Portugal's Asian empire was gravely weakened. Only Goa, Damão, Diu, Bombay, Timor, and Macau remained and, in Brazil, Dutch forces occupied the northeast.
       On 1 December 1640, long commemorated as a national holiday, Portuguese rebels led by the duke of Braganza overthrew Spanish domination and took advantage of Spanish weakness following a more serious rebellion in Catalonia. Portugal regained independence from Spain, but at a price: dependence on foreign assistance to maintain its independence in the form of the renewal of the alliance with England.
       Restoration and Second Empire, 1640-1822
       Foreign affairs and empire dominated the restoration era and aftermath, and Portugal again briefly enjoyed greater European power and prestige. The Anglo-Portuguese Alliance was renewed and strengthened in treaties of 1642, 1654, and 1661, and Portugal's independence from Spain was underwritten by English pledges and armed assistance. In a Luso-Spanish treaty of 1668, Spain recognized Portugal's independence. Portugal's alliance with England was a marriage of convenience and necessity between two monarchies with important religious, cultural, and social differences. In return for legal, diplomatic, and trade privileges, as well as the use during war and peace of Portugal's great Lisbon harbor and colonial ports for England's navy, England pledged to protect Portugal and its scattered empire from any attack. The previously cited 17th-century alliance treaties were renewed later in the Treaty of Windsor, signed in London in 1899. On at least 10 different occasions after 1640, and during the next two centuries, England was central in helping prevent or repel foreign invasions of its ally, Portugal.
       Portugal's second empire (1640-1822) was largely Brazil-oriented. Portuguese colonization, exploitation of wealth, and emigration focused on Portuguese America, and imperial revenues came chiefly from Brazil. Between 1670 and 1740, Portugal's royalty and nobility grew wealthier on funds derived from Brazilian gold, diamonds, sugar, tobacco, and other crops, an enterprise supported by the Atlantic slave trade and the supply of African slave labor from West Africa and Angola. Visitors today can see where much of that wealth was invested: Portugal's rich legacy of monumental architecture. Meanwhile, the African slave trade took a toll in Angola and West Africa.
       In continental Portugal, absolutist monarchy dominated politics and government, and there was a struggle for position and power between the monarchy and other institutions, such as the Church and nobility. King José I's chief minister, usually known in history as the marquis of Pombal (ruled 1750-77), sharply suppressed the nobility and the
       Church (including the Inquisition, now a weak institution) and expelled the Jesuits. Pombal also made an effort to reduce economic dependence on England, Portugal's oldest ally. But his successes did not last much beyond his disputed time in office.
       Beginning in the late 18th century, the European-wide impact of the French Revolution and the rise of Napoleon placed Portugal in a vulnerable position. With the monarchy ineffectively led by an insane queen (Maria I) and her indecisive regent son (João VI), Portugal again became the focus of foreign ambition and aggression. With England unable to provide decisive assistance in time, France—with Spain's consent—invaded Portugal in 1807. As Napoleon's army under General Junot entered Lisbon meeting no resistance, Portugal's royal family fled on a British fleet to Brazil, where it remained in exile until 1821. In the meantime, Portugal's overseas empire was again under threat. There was a power vacuum as the monarch was absent, foreign armies were present, and new political notions of liberalism and constitutional monarchy were exciting various groups of citizens.
       Again England came to the rescue, this time in the form of the armies of the duke of Wellington. Three successive French invasions of Portugal were defeated and expelled, and Wellington succeeded in carrying the war against Napoleon across the Portuguese frontier into Spain. The presence of the English army, the new French-born liberal ideas, and the political vacuum combined to create revolutionary conditions. The French invasions and the peninsular wars, where Portuguese armed forces played a key role, marked the beginning of a new era in politics.
       Liberalism and Constitutional Monarchy, 1822-1910
       During 1807-22, foreign invasions, war, and civil strife over conflicting political ideas gravely damaged Portugal's commerce, economy, and novice industry. The next terrible blow was the loss of Brazil in 1822, the jewel in the imperial crown. Portugal's very independence seemed to be at risk. In vain, Portugal sought to resist Brazilian independence by force, but in 1825 it formally acknowledged Brazilian independence by treaty.
       Portugal's slow recovery from the destructive French invasions and the "war of independence" was complicated by civil strife over the form of constitutional monarchy that best suited Portugal. After struggles over these issues between 1820 and 1834, Portugal settled somewhat uncertainly into a moderate constitutional monarchy whose constitution (Charter of 1826) lent it strong political powers to exert a moderating influence between the executive and legislative branches of the government. It also featured a new upper middle class based on land ownership and commerce; a Catholic Church that, although still important, lived with reduced privileges and property; a largely African (third) empire to which Lisbon and Oporto devoted increasing spiritual and material resources, starting with the liberal imperial plans of 1836 and 1851, and continuing with the work of institutions like the Lisbon Society of Geography (established 1875); and a mass of rural peasants whose bonds to the land weakened after 1850 and who began to immigrate in increasing numbers to Brazil and North America.
       Chronic military intervention in national politics began in 19th-century Portugal. Such intervention, usually commencing with coups or pronunciamentos (military revolts), was a shortcut to the spoils of political office and could reflect popular discontent as well as the power of personalities. An early example of this was the 1817 golpe (coup) attempt of General Gomes Freire against British military rule in Portugal before the return of King João VI from Brazil. Except for a more stable period from 1851 to 1880, military intervention in politics, or the threat thereof, became a feature of the constitutional monarchy's political life, and it continued into the First Republic and the subsequent Estado Novo.
       Beginning with the Regeneration period (1851-80), Portugal experienced greater political stability and economic progress. Military intervention in politics virtually ceased; industrialization and construction of railroads, roads, and bridges proceeded; two political parties (Regenerators and Historicals) worked out a system of rotation in power; and leading intellectuals sparked a cultural revival in several fields. In 19th-century literature, there was a new golden age led by such figures as Alexandre Herculano (historian), Eça de Queirós (novelist), Almeida Garrett (playwright and essayist), Antero de Quental (poet), and Joaquim Oliveira Martins (historian and social scientist). In its third overseas empire, Portugal attempted to replace the slave trade and slavery with legitimate economic activities; to reform the administration; and to expand Portuguese holdings beyond coastal footholds deep into the African hinterlands in West, West Central, and East Africa. After 1841, to some extent, and especially after 1870, colonial affairs, combined with intense nationalism, pressures for economic profit in Africa, sentiment for national revival, and the drift of European affairs would make or break Lisbon governments.
       Beginning with the political crisis that arose out of the "English Ultimatum" affair of January 1890, the monarchy became discredtted and identified with the poorly functioning government, political parties splintered, and republicanism found more supporters. Portugal participated in the "Scramble for Africa," expanding its African holdings, but failed to annex territory connecting Angola and Mozambique. A growing foreign debt and state bankruptcy as of the early 1890s damaged the constitutional monarchy's reputation, despite the efforts of King Carlos in diplomacy, the renewal of the alliance in the Windsor Treaty of 1899, and the successful if bloody colonial wars in the empire (1880-97). Republicanism proclaimed that Portugal's weak economy and poor society were due to two historic institutions: the monarchy and the Catholic Church. A republic, its stalwarts claimed, would bring greater individual liberty; efficient, if more decentralized government; and a stronger colonial program while stripping the Church of its role in both society and education.
       As the monarchy lost support and republicans became more aggressive, violence increased in politics. King Carlos I and his heir Luís were murdered in Lisbon by anarchist-republicans on 1 February 1908. Following a military and civil insurrection and fighting between monarchist and republican forces, on 5 October 1910, King Manuel II fled Portugal and a republic was proclaimed.
       First Parliamentary Republic, 1910-26
       Portugal's first attempt at republican government was the most unstable, turbulent parliamentary republic in the history of 20th-century Western Europe. During a little under 16 years of the republic, there were 45 governments, a number of legislatures that did not complete normal terms, military coups, and only one president who completed his four-year term in office. Portuguese society was poorly prepared for this political experiment. Among the deadly legacies of the monarchy were a huge public debt; a largely rural, apolitical, and illiterate peasant population; conflict over the causes of the country's misfortunes; and lack of experience with a pluralist, democratic system.
       The republic had some talented leadership but lacked popular, institutional, and economic support. The 1911 republican constitution established only a limited democracy, as only a small portion of the adult male citizenry was eligible to vote. In a country where the majority was Catholic, the republic passed harshly anticlerical laws, and its institutions and supporters persecuted both the Church and its adherents. During its brief disjointed life, the First Republic drafted important reform plans in economic, social, and educational affairs; actively promoted development in the empire; and pursued a liberal, generous foreign policy. Following British requests for Portugal's assistance in World War I, Portugal entered the war on the Allied side in March 1916 and sent armies to Flanders and Portuguese Africa. Portugal's intervention in that conflict, however, was too costly in many respects, and the ultimate failure of the republic in part may be ascribed to Portugal's World War I activities.
       Unfortunately for the republic, its time coincided with new threats to Portugal's African possessions: World War I, social and political demands from various classes that could not be reconciled, excessive military intervention in politics, and, in particular, the worst economic and financial crisis Portugal had experienced since the 16th and 17th centuries. After the original Portuguese Republican Party (PRP, also known as the "Democrats") splintered into three warring groups in 1912, no true multiparty system emerged. The Democrats, except for only one or two elections, held an iron monopoly of electoral power, and political corruption became a major issue. As extreme right-wing dictatorships elsewhere in Europe began to take power in Italy (1922), neighboring Spain (1923), and Greece (1925), what scant popular support remained for the republic collapsed. Backed by a right-wing coalition of landowners from Alentejo, clergy, Coimbra University faculty and students, Catholic organizations, and big business, career military officers led by General Gomes da Costa executed a coup on 28 May 1926, turned out the last republican government, and established a military government.
       The Estado Novo (New State), 1926-74
       During the military phase (1926-32) of the Estado Novo, professional military officers, largely from the army, governed and administered Portugal and held key cabinet posts, but soon discovered that the military possessed no magic formula that could readily solve the problems inherited from the First Republic. Especially during the years 1926-31, the military dictatorship, even with its political repression of republican activities and institutions (military censorship of the press, political police action, and closure of the republic's rowdy parliament), was characterized by similar weaknesses: personalism and factionalism; military coups and political instability, including civil strife and loss of life; state debt and bankruptcy; and a weak economy. "Barracks parliamentarism" was not an acceptable alternative even to the "Nightmare Republic."
       Led by General Óscar Carmona, who had replaced and sent into exile General Gomes da Costa, the military dictatorship turned to a civilian expert in finance and economics to break the budget impasse and bring coherence to the disorganized system. Appointed minister of finance on 27 April 1928, the Coimbra University Law School professor of economics Antônio de Oliveira Salazar (1889-1970) first reformed finance, helped balance the budget, and then turned to other concerns as he garnered extraordinary governing powers. In 1930, he was appointed interim head of another key ministry (Colonies) and within a few years had become, in effect, a civilian dictator who, with the military hierarchy's support, provided the government with coherence, a program, and a set of policies.
       For nearly 40 years after he was appointed the first civilian prime minister in 1932, Salazar's personality dominated the government. Unlike extreme right-wing dictators elsewhere in Europe, Salazar was directly appointed by the army but was never endorsed by a popular political party, street militia, or voter base. The scholarly, reclusive former Coimbra University professor built up what became known after 1932 as the Estado Novo ("New State"), which at the time of its overthrow by another military coup in 1974, was the longest surviving authoritarian regime in Western Europe. The system of Salazar and the largely academic and technocratic ruling group he gathered in his cabinets was based on the central bureaucracy of the state, which was supported by the president of the republic—always a senior career military officer, General Óscar Carmona (1928-51), General Craveiro Lopes (1951-58), and Admiral Américo Tómaz (1958-74)—and the complicity of various institutions. These included a rubber-stamp legislature called the National Assembly (1935-74) and a political police known under various names: PVDE (1932-45), PIDE (1945-69),
       and DGS (1969-74). Other defenders of the Estado Novo security were paramilitary organizations such as the National Republican Guard (GNR); the Portuguese Legion (PL); and the Portuguese Youth [Movement]. In addition to censorship of the media, theater, and books, there was political repression and a deliberate policy of depoliticization. All political parties except for the approved movement of regime loyalists, the União Nacional or (National Union), were banned.
       The most vigorous and more popular period of the New State was 1932-44, when the basic structures were established. Never monolithic or entirely the work of one person (Salazar), the New State was constructed with the assistance of several dozen top associates who were mainly academics from law schools, some technocrats with specialized skills, and a handful of trusted career military officers. The 1933 Constitution declared Portugal to be a "unitary, corporative Republic," and pressures to restore the monarchy were resisted. Although some of the regime's followers were fascists and pseudofascists, many more were conservative Catholics, integralists, nationalists, and monarchists of different varieties, and even some reactionary republicans. If the New State was authoritarian, it was not totalitarian and, unlike fascism in Benito Mussolini's Italy or Adolf Hitler's Germany, it usually employed the minimum of violence necessary to defeat what remained a largely fractious, incoherent opposition.
       With the tumultuous Second Republic and the subsequent civil war in nearby Spain, the regime felt threatened and reinforced its defenses. During what Salazar rightly perceived as a time of foreign policy crisis for Portugal (1936-45), he assumed control of the Ministry of Foreign Affairs. From there, he pursued four basic foreign policy objectives: supporting the Nationalist rebels of General Francisco Franco in the Spanish Civil War (1936-39) and concluding defense treaties with a triumphant Franco; ensuring that General Franco in an exhausted Spain did not enter World War II on the Axis side; maintaining Portuguese neutrality in World War II with a post-1942 tilt toward the Allies, including granting Britain and the United States use of bases in the Azores Islands; and preserving and protecting Portugal's Atlantic Islands and its extensive, if poor, overseas empire in Africa and Asia.
       During the middle years of the New State (1944-58), many key Salazar associates in government either died or resigned, and there was greater social unrest in the form of unprecedented strikes and clandestine Communist activities, intensified opposition, and new threatening international pressures on Portugal's overseas empire. During the earlier phase of the Cold War (1947-60), Portugal became a steadfast, if weak, member of the US-dominated North Atlantic Treaty Organization alliance and, in 1955, with American support, Portugal joined the United Nations (UN). Colonial affairs remained a central concern of the regime. As of 1939, Portugal was the third largest colonial power in the world and possessed territories in tropical Africa (Angola, Mozambique, Guinea-Bissau, and São Tomé and Príncipe Islands) and the remnants of its 16th-century empire in Asia (Goa, Damão, Diu, East Timor, and Macau). Beginning in the early 1950s, following the independence of India in 1947, Portugal resisted Indian pressures to decolonize Portuguese India and used police forces to discourage internal opposition in its Asian and African colonies.
       The later years of the New State (1958-68) witnessed the aging of the increasingly isolated but feared Salazar and new threats both at home and overseas. Although the regime easily overcame the brief oppositionist threat from rival presidential candidate General Humberto Delgado in the spring of 1958, new developments in the African and Asian empires imperiled the authoritarian system. In February 1961, oppositionists hijacked the Portuguese ocean liner Santa Maria and, in following weeks, African insurgents in northern Angola, although they failed to expel the Portuguese, gained worldwide media attention, discredited the New State, and began the 13-year colonial war. After thwarting a dissident military coup against his continued leadership, Salazar and his ruling group mobilized military repression in Angola and attempted to develop the African colonies at a faster pace in order to ensure Portuguese control. Meanwhile, the other European colonial powers (Britain, France, Belgium, and Spain) rapidly granted political independence to their African territories.
       At the time of Salazar's removal from power in September 1968, following a stroke, Portugal's efforts to maintain control over its colonies appeared to be successful. President Americo Tomás appointed Dr. Marcello Caetano as Salazar's successor as prime minister. While maintaining the New State's basic structures, and continuing the regime's essential colonial policy, Caetano attempted wider reforms in colonial administration and some devolution of power from Lisbon, as well as more freedom of expression in Lisbon. Still, a great deal of the budget was devoted to supporting the wars against the insurgencies in Africa. Meanwhile in Asia, Portuguese India had fallen when the Indian army invaded in December 1961. The loss of Goa was a psychological blow to the leadership of the New State, and of the Asian empire only East Timor and Macau remained.
       The Caetano years (1968-74) were but a hiatus between the waning Salazar era and a new regime. There was greater political freedom and rapid economic growth (5-6 percent annually to late 1973), but Caetano's government was unable to reform the old system thoroughly and refused to consider new methods either at home or in the empire. In the end, regime change came from junior officers of the professional military who organized the Armed Forces Movement (MFA) against the Caetano government. It was this group of several hundred officers, mainly in the army and navy, which engineered a largely bloodless coup in Lisbon on 25 April 1974. Their unexpected action brought down the 48-year-old New State and made possible the eventual establishment and consolidation of democratic governance in Portugal, as well as a reorientation of the country away from the Atlantic toward Europe.
       Revolution of Carnations, 1974-76
       Following successful military operations of the Armed Forces Movement against the Caetano government, Portugal experienced what became known as the "Revolution of Carnations." It so happened that during the rainy week of the military golpe, Lisbon flower shops were featuring carnations, and the revolutionaries and their supporters adopted the red carnation as the common symbol of the event, as well as of the new freedom from dictatorship. The MFA, whose leaders at first were mostly little-known majors and captains, proclaimed a three-fold program of change for the new Portugal: democracy; decolonization of the overseas empire, after ending the colonial wars; and developing a backward economy in the spirit of opportunity and equality. During the first 24 months after the coup, there was civil strife, some anarchy, and a power struggle. With the passing of the Estado Novo, public euphoria burst forth as the new provisional military government proclaimed the freedoms of speech, press, and assembly, and abolished censorship, the political police, the Portuguese Legion, Portuguese Youth, and other New State organizations, including the National Union. Scores of political parties were born and joined the senior political party, the Portuguese Community Party (PCP), and the Socialist Party (PS), founded shortly before the coup.
       Portugal's Revolution of Carnations went through several phases. There was an attempt to take control by radical leftists, including the PCP and its allies. This was thwarted by moderate officers in the army, as well as by the efforts of two political parties: the PS and the Social Democrats (PPD, later PSD). The first phase was from April to September 1974. Provisional president General Antonio Spínola, whose 1974 book Portugal and the Future had helped prepare public opinion for the coup, met irresistible leftist pressures. After Spinola's efforts to avoid rapid decolonization of the African empire failed, he resigned in September 1974. During the second phase, from September 1974 to March 1975, radical military officers gained control, but a coup attempt by General Spínola and his supporters in Lisbon in March 1975 failed and Spínola fled to Spain.
       In the third phase of the Revolution, March-November 1975, a strong leftist reaction followed. Farm workers occupied and "nationalized" 1.1 million hectares of farmland in the Alentejo province, and radical military officers in the provisional government ordered the nationalization of Portuguese banks (foreign banks were exempted), utilities, and major industries, or about 60 percent of the economic system. There were power struggles among various political parties — a total of 50 emerged—and in the streets there was civil strife among labor, military, and law enforcement groups. A constituent assembly, elected on 25 April 1975, in Portugal's first free elections since 1926, drafted a democratic constitution. The Council of the Revolution (CR), briefly a revolutionary military watchdog committee, was entrenched as part of the government under the constitution, until a later revision. During the chaotic year of 1975, about 30 persons were killed in political frays while unstable provisional governments came and went. On 25 November 1975, moderate military forces led by Colonel Ramalho Eanes, who later was twice elected president of the republic (1976 and 1981), defeated radical, leftist military groups' revolutionary conspiracies.
       In the meantime, Portugal's scattered overseas empire experienced a precipitous and unprepared decolonization. One by one, the former colonies were granted and accepted independence—Guinea-Bissau (September 1974), Cape Verde Islands (July 1975), and Mozambique (July 1975). Portugal offered to turn over Macau to the People's Republic of China, but the offer was refused then and later negotiations led to the establishment of a formal decolonization or hand-over date of 1999. But in two former colonies, the process of decolonization had tragic results.
       In Angola, decolonization negotiations were greatly complicated by the fact that there were three rival nationalist movements in a struggle for power. The January 1975 Alvor Agreement signed by Portugal and these three parties was not effectively implemented. A bloody civil war broke out in Angola in the spring of 1975 and, when Portuguese armed forces withdrew and declared that Angola was independent on 11 November 1975, the bloodshed only increased. Meanwhile, most of the white Portuguese settlers from Angola and Mozambique fled during the course of 1975. Together with African refugees, more than 600,000 of these retornados ("returned ones") went by ship and air to Portugal and thousands more to Namibia, South Africa, Brazil, Canada, and the United States.
       The second major decolonization disaster was in Portugal's colony of East Timor in the Indonesian archipelago. Portugal's capacity to supervise and control a peaceful transition to independence in this isolated, neglected colony was limited by the strength of giant Indonesia, distance from Lisbon, and Portugal's revolutionary disorder and inability to defend Timor. In early December 1975, before Portugal granted formal independence and as one party, FRETILIN, unilaterally declared East Timor's independence, Indonesia's armed forces invaded, conquered, and annexed East Timor. Indonesian occupation encountered East Timorese resistance, and a heavy loss of life followed. The East Timor question remained a contentious international issue in the UN, as well as in Lisbon and Jakarta, for more than 20 years following Indonesia's invasion and annexation of the former colony of Portugal. Major changes occurred, beginning in 1998, after Indonesia underwent a political revolution and allowed a referendum in East Timor to decide that territory's political future in August 1999. Most East Timorese chose independence, but Indonesian forces resisted that verdict until
       UN intervention in September 1999. Following UN rule for several years, East Timor attained full independence on 20 May 2002.
       Consolidation of Democracy, 1976-2000
       After several free elections and record voter turnouts between 25 April 1975 and June 1976, civil war was averted and Portugal's second democratic republic began to stabilize. The MFA was dissolved, the military were returned to the barracks, and increasingly elected civilians took over the government of the country. The 1976 Constitution was revised several times beginning in 1982 and 1989, in order to reempha-size the principle of free enterprise in the economy while much of the large, nationalized sector was privatized. In June 1976, General Ram-alho Eanes was elected the first constitutional president of the republic (five-year term), and he appointed socialist leader Dr. Mário Soares as prime minister of the first constitutional government.
       From 1976 to 1985, Portugal's new system featured a weak economy and finances, labor unrest, and administrative and political instability. The difficult consolidation of democratic governance was eased in part by the strong currency and gold reserves inherited from the Estado Novo, but Lisbon seemed unable to cope with high unemployment, new debt, the complex impact of the refugees from Africa, world recession, and the agitation of political parties. Four major parties emerged from the maelstrom of 1974-75, except for the Communist Party, all newly founded. They were, from left to right, the Communists (PCP); the Socialists (PS), who managed to dominate governments and the legislature but not win a majority in the Assembly of the Republic; the Social Democrats (PSD); and the Christian Democrats (CDS). During this period, the annual growth rate was low (l-2 percent), and the nationalized sector of the economy stagnated.
       Enhanced economic growth, greater political stability, and more effective central government as of 1985, and especially 1987, were due to several developments. In 1977, Portugal applied for membership in the European Economic Community (EEC), now the European Union (EU) since 1993. In January 1986, with Spain, Portugal was granted membership, and economic and financial progress in the intervening years has been significantly influenced by the comparatively large investment, loans, technology, advice, and other assistance from the EEC. Low unemployment, high annual growth rates (5 percent), and moderate inflation have also been induced by the new political and administrative stability in Lisbon. Led by Prime Minister Cavaco Silva, an economist who was trained abroad, the PSD's strong organization, management, and electoral support since 1985 have assisted in encouraging economic recovery and development. In 1985, the PSD turned the PS out of office and won the general election, although they did not have an absolute majority of assembly seats. In 1986, Mário Soares was elected president of the republic, the first civilian to hold that office since the First Republic. In the elections of 1987 and 1991, however, the PSD was returned to power with clear majorities of over 50 percent of the vote.
       Although the PSD received 50.4 percent of the vote in the 1991 parliamentary elections and held a 42-seat majority in the Assembly of the Republic, the party began to lose public support following media revelations regarding corruption and complaints about Prime Minister Cavaco Silva's perceived arrogant leadership style. President Mário Soares voiced criticism of the PSD's seemingly untouchable majority and described a "tyranny of the majority." Economic growth slowed down. In the parliamentary elections of 1995 and the presidential election of 1996, the PSD's dominance ended for the time being. Prime Minister Antônio Guterres came to office when the PS won the October 1995 elections, and in the subsequent presidential contest, in January 1996, socialist Jorge Sampaio, the former mayor of Lisbon, was elected president of the republic, thus defeating Cavaco Silva's bid. Young and popular, Guterres moved the PS toward the center of the political spectrum. Under Guterres, the PS won the October 1999 parliamentary elections. The PS defeated the PSD but did not manage to win a clear, working majority of seats, and this made the PS dependent upon alliances with smaller parties, including the PCP.
       In the local elections in December 2001, the PSD's criticism of PS's heavy public spending allowed the PSD to take control of the key cities of Lisbon, Oporto, and Coimbra. Guterres resigned, and parliamentary elections were brought forward from 2004 to March 2002. The PSD won a narrow victory with 40 percent of the votes, and Jose Durão Barroso became prime minister. Having failed to win a majority of the seats in parliament forced the PSD to govern in coalition with the right-wing Popular Party (PP) led by Paulo Portas. Durão Barroso set about reducing government spending by cutting the budgets of local authorities, freezing civil service hiring, and reviving the economy by accelerating privatization of state-owned enterprises. These measures provoked a 24-hour strike by public-sector workers. Durão Barroso reacted with vows to press ahead with budget-cutting measures and imposed a wage freeze on all employees earning more than €1,000, which affected more than one-half of Portugal's work force.
       In June 2004, Durão Barroso was invited by Romano Prodi to succeed him as president of the European Commission. Durão Barroso accepted and resigned the prime ministership in July. Pedro Santana Lopes, the leader of the PSD, became prime minister. Already unpopular at the time of Durão Barroso's resignation, the PSD-led government became increasingly unpopular under Santana Lopes. A month-long delay in the start of the school year and confusion over his plan to cut taxes and raise public-sector salaries, eroded confidence even more. By November, Santana Lopes's government was so unpopular that President Jorge Sampaio was obliged to dissolve parliament and hold new elections, two years ahead of schedule.
       Parliamentary elections were held on 20 February 2005. The PS, which had promised the electorate disciplined and transparent governance, educational reform, the alleviation of poverty, and a boost in employment, won 45 percent of the vote and the majority of the seats in parliament. The leader of the PS, José Sôcrates became prime minister on 12 March 2005. In the regularly scheduled presidential elections held on 6 January 2006, the former leader of the PSD and prime minister, Aníbal Cavaco Silva, won a narrow victory and became president on 9 March 2006. With a mass protest, public teachers' strike, and street demonstrations in March 2008, Portugal's media, educational, and social systems experienced more severe pressures. With the spreading global recession beginning in September 2008, Portugal's economic and financial systems became more troubled.
       Owing to its geographic location on the southwestern most edge of continental Europe, Portugal has been historically in but not of Europe. Almost from the beginning of its existence in the 12th century as an independent monarchy, Portugal turned its back on Europe and oriented itself toward the Atlantic Ocean. After carving out a Christian kingdom on the western portion of the Iberian peninsula, Portuguese kings gradually built and maintained a vast seaborne global empire that became central to the way Portugal understood its individuality as a nation-state. While the creation of this empire allows Portugal to claim an unusual number of "firsts" or distinctions in world and Western history, it also retarded Portugal's economic, social, and political development. It can be reasonably argued that the Revolution of 25 April 1974 was the most decisive event in Portugal's long history because it finally ended Portugal's oceanic mission and view of itself as an imperial power. After the 1974 Revolution, Portugal turned away from its global mission and vigorously reoriented itself toward Europe. Contemporary Portugal is now both in and of Europe.
       The turn toward Europe began immediately after 25 April 1974. Portugal granted independence to its African colonies in 1975. It was admitted to the European Council and took the first steps toward accession to the European Economic Community (EEC) in 1976. On 28 March 1977, the Portuguese government officially applied for EEC membership. Because of Portugal's economic and social backwardness, which would require vast sums of EEC money to overcome, negotiations for membership were long and difficult. Finally, a treaty of accession was signed on 12 June 1985. Portugal officially joined the EEC (the European Union [EU] since 1993) on 1 January 1986. Since becoming a full-fledged member of the EU, Portugal has been steadily overcoming the economic and social underdevelopment caused by its imperial past and is becoming more like the rest of Europe.
       Membership in the EU has speeded up the structural transformation of Portugal's economy, which actually began during the Estado Novo. Investments made by the Estado Novo in Portugal's economy began to shift employment out of the agricultural sector, which, in 1950, accounted for 50 percent of Portugal's economically active population. Today, only 10 percent of the economically active population is employed in the agricultural sector (the highest among EU member states); 30 percent in the industrial sector (also the highest among EU member states); and 60 percent in the service sector (the lowest among EU member states). The economically active population numbers about 5,000,000 employed, 56 percent of whom are women. Women workers are the majority of the workforce in the agricultural and service sectors (the highest among the EU member states). The expansion of the service sector has been primarily in health care and education. Portugal has had the lowest unemployment rates among EU member states, with the overall rate never being more than 10 percent of the active population. Since joining the EU, the number of employers increased from 2.6 percent to 5.8 percent of the active population; self-employed from 16 to 19 percent; and employees from 65 to 70 percent. Twenty-six percent of the employers are women. Unemployment tends to hit younger workers in industry and transportation, women employed in domestic service, workers on short-term contracts, and poorly educated workers. Salaried workers earn only 63 percent of the EU average, and hourly workers only one-third to one-half of that earned by their EU counterparts. Despite having had the second highest growth of gross national product (GNP) per inhabitant (after Ireland) among EU member states, the above data suggest that while much has been accomplished in terms of modernizing the Portuguese economy, much remains to be done to bring Portugal's economy up to the level of the "average" EU member state.
       Membership in the EU has also speeded up changes in Portuguese society. Over the last 30 years, coastalization and urbanization have intensified. Fully 50 percent of Portuguese live in the coastal urban conurbations of Lisbon, Oporto, Braga, Aveiro, Coimbra, Viseu, Évora, and Faro. The Portuguese population is one of the oldest among EU member states (17.3 percent are 65 years of age or older) thanks to a considerable increase in life expectancy at birth (77.87 years for the total population, 74.6 years for men, 81.36 years for women) and one of the lowest birthrates (10.59 births/1,000) in Europe. Family size averages 2.8 persons per household, with the strict nuclear family (one or two generations) in which both parents work being typical. Common law marriages, cohabitating couples, and single-parent households are more and more common. The divorce rate has also increased. "Youth Culture" has developed. The young have their own meeting places, leisure-time activities, and nightlife (bars, clubs, and discos).
       All Portuguese citizens, whether they have contributed or not, have a right to an old-age pension, invalidity benefits, widowed persons' pension, as well as payments for disabilities, children, unemployment, and large families. There is a national minimum wage (€385 per month), which is low by EU standards. The rapid aging of Portugal's population has changed the ratio of contributors to pensioners to 1.7, the lowest in the EU. This has created deficits in Portugal's social security fund.
       The adult literacy rate is about 92 percent. Illiteracy is still found among the elderly. Although universal compulsory education up to grade 9 was achieved in 1980, only 21.2 percent of the population aged 25-64 had undergone secondary education, compared to an EU average of 65.7 percent. Portugal's higher education system currently consists of 14 state universities and 14 private universities, 15 state polytechnic institutions, one Catholic university, and one military academy. All in all, Portugal spends a greater percentage of its state budget on education than most EU member states. Despite this high level of expenditure, the troubled Portuguese education system does not perform well. Early leaving and repetition rates are among the highest among EU member states.
       After the Revolution of 25 April 1974, Portugal created a National Health Service, which today consists of 221 hospitals and 512 medical centers employing 33,751 doctors and 41,799 nurses. Like its education system, Portugal's medical system is inefficient. There are long waiting lists for appointments with specialists and for surgical procedures.
       Structural changes in Portugal's economy and society mean that social life in Portugal is not too different from that in other EU member states. A mass consumption society has been created. Televisions, telephones, refrigerators, cars, music equipment, mobile phones, and personal computers are commonplace. Sixty percent of Portuguese households possess at least one automobile, and 65 percent of Portuguese own their own home. Portuguese citizens are more aware of their legal rights than ever before. This has resulted in a trebling of the number of legal proceeding since 1960 and an eight-fold increase in the number of lawyers. In general, Portuguese society has become more permissive and secular; the Catholic Church and the armed forces are much less influential than in the past. Portugal's population is also much more culturally, religiously, and ethnically diverse, a consequence of the coming to Portugal of hundreds of thousands of immigrants, mainly from former African colonies.
       Portuguese are becoming more cosmopolitan and sophisticated through the impact of world media, the Internet, and the World Wide Web. A prime case in point came in the summer and early fall of 1999, with the extraordinary events in East Timor and the massive Portuguese popular responses. An internationally monitored referendum in East Timor, Portugal's former colony in the Indonesian archipelago and under Indonesian occupation from late 1975 to summer 1999, resulted in a vote of 78.5 percent for rejecting integration with Indonesia and for independence. When Indonesian prointegration gangs, aided by the Indonesian military, responded to the referendum with widespread brutality and threatened to reverse the verdict of the referendum, there was a spontaneous popular outpouring of protest in the cities and towns of Portugal. An avalanche of Portuguese e-mail fell on leaders and groups in the UN and in certain countries around the world as Portugal's diplomats, perhaps to compensate for the weak initial response to Indonesian armed aggression in 1975, called for the protection of East Timor as an independent state and for UN intervention to thwart Indonesian action. Using global communications networks, the Portuguese were able to mobilize UN and world public opinion against Indonesian actions and aided the eventual independence of East Timor on 20 May 2002.
       From the Revolution of 25 April 1974 until the 1990s, Portugal had a large number of political parties, one of the largest Communist parties in western Europe, frequent elections, and endemic cabinet instability. Since the 1990s, the number of political parties has been dramatically reduced and cabinet stability increased. Gradually, the Portuguese electorate has concentrated around two larger parties, the right-of-center Social Democrats (PSD) and the left-of-center Socialist (PS). In the 1980s, these two parties together garnered 65 percent of the vote and 70 percent of the seats in parliament. In 2005, these percentages had risen to 74 percent and 85 percent, respectively. In effect, Portugal is currently a two-party dominant system in which the two largest parties — PS and PSD—alternate in and out of power, not unlike the rotation of the two main political parties (the Regenerators and the Historicals) during the last decades (1850s to 1880s) of the liberal constitutional monarchy. As Portugal's democracy has consolidated, turnout rates for the eligible electorate have declined. In the 1970s, turnout was 85 percent. In Portugal's most recent parliamentary election (2005), turnout had fallen to 65 percent of the eligible electorate.
       Portugal has benefited greatly from membership in the EU, and whatever doubts remain about the price paid for membership, no Portuguese government in the near future can afford to sever this connection. The vast majority of Portuguese citizens see membership in the EU as a "good thing" and strongly believe that Portugal has benefited from membership. Only the Communist Party opposed membership because it reduces national sovereignty, serves the interests of capitalists not workers, and suffers from a democratic deficit. Despite the high level of support for the EU, Portuguese voters are increasingly not voting in elections for the European Parliament, however. Turnout for European Parliament elections fell from 40 percent of the eligible electorate in the 1999 elections to 38 percent in the 2004 elections.
       In sum, Portugal's turn toward Europe has done much to overcome its backwardness. However, despite the economic, social, and political progress made since 1986, Portugal has a long way to go before it can claim to be on a par with the level found even in Spain, much less the rest of western Europe. As Portugal struggles to move from underde-velopment, especially in the rural areas away from the coast, it must keep in mind the perils of too rapid modern development, which could damage two of its most precious assets: its scenery and environment. The growth and future prosperity of the economy will depend on the degree to which the government and the private sector will remain stewards of clean air, soil, water, and other finite resources on which the tourism industry depends and on which Portugal's world image as a unique place to visit rests. Currently, Portugal is investing heavily in renewable energy from solar, wind, and wave power in order to account for about 50 percent of its electricity needs by 2010. Portugal opened the world's largest solar power plant and the world's first commercial wave power farm in 2006.
       An American documentary film on Portugal produced in the 1970s described this little country as having "a Past in Search of a Future." In the years after the Revolution of 25 April 1974, it could be said that Portugal is now living in "a Present in Search of a Future." Increasingly, that future lies in Europe as an active and productive member of the EU.

    Historical dictionary of Portugal > Historical Portugal

  • 16 Catholic church

       The Catholic Church and the Catholic religion together represent the oldest and most enduring of all Portuguese institutions. Because its origins as an institution go back at least to the middle of the third century, if not earlier, the Christian and later the Catholic Church is much older than any other Portuguese institution or major cultural influence, including the monarchy (lasting 770 years) or Islam (540 years). Indeed, it is older than Portugal (869 years) itself. The Church, despite its changing doctrine and form, dates to the period when Roman Lusitania was Christianized.
       In its earlier period, the Church played an important role in the creation of an independent Portuguese monarchy, as well as in the colonization and settlement of various regions of the shifting Christian-Muslim frontier as it moved south. Until the rise of absolutist monarchy and central government, the Church dominated all public and private life and provided the only education available, along with the only hospitals and charity institutions. During the Middle Ages and the early stage of the overseas empire, the Church accumulated a great deal of wealth. One historian suggests that, by 1700, one-third of the land in Portugal was owned by the Church. Besides land, Catholic institutions possessed a large number of chapels, churches and cathedrals, capital, and other property.
       Extensive periods of Portuguese history witnessed either conflict or cooperation between the Church as the monarchy increasingly sought to gain direct control of the realm. The monarchy challenged the great power and wealth of the Church, especially after the acquisition of the first overseas empire (1415-1580). When King João III requested the pope to allow Portugal to establish the Inquisition (Holy Office) in the country and the request was finally granted in 1531, royal power, more than religion was the chief concern. The Inquisition acted as a judicial arm of the Catholic Church in order to root out heresies, primarily Judaism and Islam, and later Protestantism. But the Inquisition became an instrument used by the crown to strengthen its power and jurisdiction.
       The Church's power and prestige in governance came under direct attack for the first time under the Marquis of Pombal (1750-77) when, as the king's prime minister, he placed regalism above the Church's interests. In 1759, the Jesuits were expelled from Portugal, although they were allowed to return after Pombal left office. Pombal also harnessed the Inquisition and put in place other anticlerical measures. With the rise of liberalism and the efforts to secularize Portugal after 1820, considerable Church-state conflict occurred. The new liberal state weakened the power and position of the Church in various ways: in 1834, all religious orders were suppressed and their property confiscated both in Portugal and in the empire and, in the 1830s and 1840s, agrarian reform programs confiscated and sold large portions of Church lands. By the 1850s, Church-state relations had improved, various religious orders were allowed to return, and the Church's influence was largely restored. By the late 19th century, Church and state were closely allied again. Church roles in all levels of education were pervasive, and there was a popular Catholic revival under way.
       With the rise of republicanism and the early years of the First Republic, especially from 1910 to 1917, Church-state relations reached a new low. A major tenet of republicanism was anticlericalism and the belief that the Church was as much to blame as the monarchy for the backwardness of Portuguese society. The provisional republican government's 1911 Law of Separation decreed the secularization of public life on a scale unknown in Portugal. Among the new measures that Catholics and the Church opposed were legalization of divorce, appropriation of all Church property by the state, abolition of religious oaths for various posts, suppression of the theology school at Coimbra University, abolition of saints' days as public holidays, abolition of nunneries and expulsion of the Jesuits, closing of seminaries, secularization of all public education, and banning of religious courses in schools.
       After considerable civil strife over the religious question under the republic, President Sidónio Pais restored normal relations with the Holy See and made concessions to the Portuguese Church. Encouraged by the apparitions at Fátima between May and October 1917, which caused a great sensation among the rural people, a strong Catholic reaction to anticlericalism ensued. Backed by various new Catholic organizations such as the "Catholic Youth" and the Academic Center of Christian Democracy (CADC), the Catholic revival influenced government and politics under the Estado Novo. Prime Minister Antônio de Oliveira Salazar was not only a devout Catholic and member of the CADC, but his formative years included nine years in the Viseu Catholic Seminary preparing to be a priest. Under the Estado Novo, Church-state relations greatly improved, and Catholic interests were protected. On the other hand, Salazar's no-risk statism never went so far as to restore to the Church all that had been lost in the 1911 Law of Separation. Most Church property was never returned from state ownership and, while the Church played an important role in public education to 1974, it never recovered the influence in education it had enjoyed before 1911.
       Today, the majority of Portuguese proclaim themselves Catholic, and the enduring nature of the Church as an institution seems apparent everywhere in the country. But there is no longer a monolithic Catholic faith; there is growing diversity of religious choice in the population, which includes an increasing number of Protestant Portuguese as well as a small but growing number of Muslims from the former Portuguese empire. The Muslim community of greater Lisbon erected a Mosque which, ironically, is located near the Spanish Embassy. In the 1990s, Portugal's Catholic Church as an institution appeared to be experiencing a revival of influence. While Church attendance remained low, several Church institutions retained an importance in society that went beyond the walls of the thousands of churches: a popular, flourishing Catholic University; Radio Re-nascenca, the country's most listened to radio station; and a new private television channel owned by the Church. At an international conference in Lisbon in September 2000, the Cardinal Patriarch of Portugal, Dom José Policarpo, formally apologized to the Jewish community of Portugal for the actions of the Inquisition. At the deliberately selected location, the place where that religious institution once held its hearings and trials, Dom Policarpo read a declaration of Catholic guilt and repentance and symbolically embraced three rabbis, apologizing for acts of violence, pressures to convert, suspicions, and denunciation.

    Historical dictionary of Portugal > Catholic church

  • 17 share

    1. сущ.
    1)
    а) эк. доля, часть (напр., рынка, имущества, доходов и т. п.); квота

    proportional share, pro rata share — пропорциональная доля

    in equal shares — равными долями, в равных долях

    Tenancy in common is the holding of property by two or more persons, either in equal shares or unequal shares. — Нераздельно совладение представляет собой форму собственности, при которой имуществом владеют двое или более лиц, в равных или в неравных долях.

    Rather, they have a very simple Will or no Will at all, either of which means that the estate will be divided among the children "in equal shares". — Скорее, они составляют очень простой вариант завещания или не составляют вообще никакого завещания, в обоих этих случаях имущество будет разделено среди детей в равных долях.

    See:
    б) общ. доля, удел, участь

    I couldn't even dream that such prize would fall to my share. — Я даже не мог мечтать о том, чтобы такая удача выпала на мою долю.

    2) общ. участие; роль

    to bear share in smth., to take share in smth. — принимать участие в чем-л.

    We will further our interests through partnership with those who, like us, are willing to bear a share in promoting peace and stability. — Мы будем продолжать наше дело совместно с теми, кто, подобно нам, желает принять участие в работе на благо укрепления мира и стабильности.

    3)
    а) фин. акция; пай (участие в капитале компании, т. е. доля собственности в компании, напр., доля в капитале взаимного инвестиционного фонда, кооператива и т. п.)
    See:
    б) фин. акция (ценная бумага, свидетельствующая о внесении определенной суммы в собственный капитал компании и подтверждающая право своего владельца на определенную часть прибыли данной компании и остатка активов при ликвидации, а обычно также и право на участие в управлении компании путем голосования на собраниях акционеров)

    to acquire shares — скупать [приобретать\] акции

    to hold shares in a company — иметь акции какой-л. компании, владеть акциями какой-л. компании

    to issue shares — выпускать [эмитировать\] акции

    block [line\] of shares — пакет акций

    shares are rising — акции поднимаются (в цене); курс акций растет [поднимается\]

    shares are down — акции падают (в цене); курс акций снижается [падает\]

    H-P will buy 1,2 million Convex shares at $14.875 a share, representing a 1,25-a-share premium over the price of Convex stock. — "H-P" купит 1,2 млн акций компании "Конвекс" по цене 14,875 долл. за штуку, что означает уплату премии в размере 1,25 долл. на акцию сверх цены акций "Конвекса".

    share market — фондовый рынок, рынок ценных бумаг

    Syn:
    stock 1. 5) б)
    See:
    share broker, share market, A ordinary share, A share, accumulation share, active share, allotted shares, American Depositary Share, annuity income shares, authorized shares, Bancshares, bearer share, bogus share, bonus share, callable share, capital growth shares, capital shares, class A share, class B share, classified shares, closely held shares, common share, conversion shares, convertible preference share, convertible preferred share, cross-held shares, cumulative preference share, defensive shares, deferred ordinary share, deferred share, diluted shares, equity share, excess shares, first preferred share, flow-through shares, forfeited share, founders' shares, fractional share, fully paid shares, geared ordinary income shares, geared ordinary shares, gold shares, golden share, growth share, high-priced share, identified shares, inactive share, incentive shares, income shares, industrial shares, inscribed share, investment shares, investment trust share, irredeemable preference share, irredeemable share, issued and outstanding shares, issued share, low-priced share, management share, monthly income preferred share, multiple voting share, mutual fund share, new share, nil paid shares, no par value share, nominal share, non-convertible preference share, non-convertible preferred share, noncumulative preference share, non-equity share, non-par value share, non-participating share, non-par-value share, non-voting ordinary share, non-voting share, no-par share, no-par-value share, ordinary income shares, ordinary share, outstanding shares, overvalued share, paid-up share, paired shares, par value share, partially paid shares, participating preference share, participating preferred share, participating share, partly paid shares, par-value share, penny share, performance shares, permanent interest-bearing shares, perpetual preference share, perpetual preferred share, preference share, preferred ordinary share, preferred share, publicly held shares, quality share, quarterly income preferred share, redeemable preference share, redeemable share, registered share, senior preferred share, stepped preference share, stock share, subordinate voting share, subscription shares, term share, traditional income shares, treasure share, treasury share, unallotted shares, under valued share, underlying share, undervalued share, under-valued share, unissued shares, unquoted share, voting right share, voting share, zero dividend preference share, zero dividend share, zero-dividend preference share, American Depositary Share, share warrant, shareholder, shareholding, share capital, equity security, dividend, dividend coupon, and interest, book value per share, cash flow per share, dividends per share, earnings per share, net asset value per share, sales per share, employee share ownership plan, profit sharing share scheme
    в) фин., юр., брит. акция (согласно доктрине британского права, под акцией понимается интерес ее владельца, измеряемый определенной суммой денег и включающий в себя различные права, установленные договором; акции должны быть именными; могут выпускаться как в документарной форме, согласно закону "О компаниях" от 1985 г., так и в электронной форме, согласно Положению о бездокументарных ценных бумагах от 1995 г.; передача прав на акции через средства электронной техники регламентируется законом 1982 г. "О передаче акций"; законом 1963 г. с аналогичным названием была утверждена форма передаточного распоряжения, которая должна заполняться при совершении сделок с акциями)
    See:
    4)
    а) с.-х. (плужный/плужной) лемех, (плужный/плужной) сошник, лемеш, плужник (часть плуга, сабана или косули, подрезающая пласт земли снизу)
    Syn:
    plow share, plowshare, ploughshare
    б) с.-х. сошник (рабочий орган сеялки для образования в почве бороздки, направления в нее семян и заделки их почвой)
    See:
    2)
    в) с.-х. (культиваторная) лапа (рабочий орган культиватора, предназначенный для подрезания поверхностного слоя почвы при рыхлении, образования в почве борозд для семян или подкормки и т. д.)
    Syn:
    2. гл.
    1)
    а) общ. делить, разделять, распределять (что-л. между несколькими лицами, направлениями использования и т. п.; также to share out); делить (что-л. с кем-л.), делиться (чем-л. с кем-л.)

    to share equally — делить на равные части, делить поровну

    We agreed to share out money. — Мы договорились разделить деньги.

    You don't need to share money. — Вам не нужно делиться деньгами.

    I would like to share with you some exciting news. — Я бы хотел поделиться с вами увлекательными новостями.

    See:
    б) общ. разделять, использовать совместно (что-л. с кем-л.)

    We have a very large house, but I insist that they share a room. — У нас очень большой дом, но я настаивают на том, чтобы они жили в одной комнате.

    Bill and I shared an office for years. — Мы с Биллом работали в одном офисе много лет.

    When two people share an umbrella, the taller person should carry it for greater visibility and safety. — когда двое идут под одним зонтом, для лучшего обзора и большей безопасности зонт должен нести более высокий человек.

    2)
    а) общ. участвовать (в какой-л. деятельности, проекте и т. п.)

    You can share in the project by being part of our support team, by praying for us or by contributing to our financial support. — Вы можете участвовать в проекте присоединившись к команде поддержки, молясь за нас или оказав нам финансовую помощь.

    Syn:
    б) эк. быть пайщиком; быть акционером (участвовать в собственном капитале компании, кооператива, взаимного инвестиционного фонда и т. п.)

    to share in a firm — быть акционером фирмы, участвовать в собственном капитале фирмы

    3) общ. разделять (мнения, вкусы и т. п.)

    to share smb's opinion/views — разделять чье-л. мнение/взгляды

    I fully share his opinion. — Я полностью разделяю его мнение.

    He likes people who share his likes. — Ему нравятся люди, которые разделяют его пристрастия.

    They all share common features. — Они все обладают общими чертами.


    * * *
    доля, часть (целого): 1) акция, участие в капитале компании: ценная бумага, дающая право на долю в акционерном капитале компании и на пропорциональную часть прибыли и остатка активов при ликвидации (также обычно право голоса на общих собраниях акционеров при выборах директоров и утверждении результатов деятельности компании); право собственности представлено сертификатом акции; 2) пай (акция) во взаимном фонде, кооперативе, кредитном союзе, строительном обществе; 3) участие в товариществе (общем или с ограниченной ответственностью); 4) доля рынка; = market share; 5) = Nielsen rating.
    * * *
    • 1) /vt/ разделять; 2) /vi/ принимать участие
    • 1) доля; 2) акция
    * * *
    акция; доля; пай
    . . Словарь экономических терминов .
    * * *
    1. ценная бумага, являющаяся титулом собственности на часть имущества компании; лицо, инвестирующее средства в компанию, может ограничить свою ответственность суммой стоимости акций
    2. долевое участие доля собственных ресурсов заемщика и кредита банка в формировании затрат или в инвестициях
    -----
    применяется в практике перестрахования, когда первоначальный страховщик удерживает на своей ответственности часть риска, а оставшуюся передает в перестрахование
    -----
    Ценные бумаги/Биржевая деятельность
    ценная бумага, удостоверяющая участие ее вла-дельца в капитале акционерного общества <5>stock

    Англо-русский экономический словарь > share

  • 18 Media

       The purpose of the media during the Estado Novo (1926-74) was to communicate official government policy. Therefore, the government strictly censored newspapers, magazines, and books. Radio and television broadcasting was in the hands of two state-owned companies: Radiodifusão Portuguesa (RDP) and Radiotelevisão Portuguesa (RTP). The first TV broadcasts aired in March 1957, and the official state visit of Queen Elizabeth II of Great Britain to Portugal was featured. The only independent broadcasting company during the Estado Novo was the Catholic Church's Radio Renascença. Writers and journalists who violated the regime's guidelines were severely sanctioned. Under Prime Minister Marcello Caetano, censorship was relaxed somewhat, and writers were allowed to publish critical and controversial works without fear of punishment. Caetano attempted to "speak to the people" through television. Daily program content consisted of little more than government-controlled (and censored) news programs and dull documentaries.
       After the Revolution of 25 April 1974, censorship was abolished. As the revolution veered leftward, some sectors of the media were seized by opponents of the views they expressed. The most famous case was the seizure of Radio Renascença by those who sought to bring it into line with the drift leftward. State ownership of the media was increased after 25 April 1974, when banks were nationalized because most banks owned at least one newspaper. As the Revolution moderated and as banking was privatized during the 1980s and 1990s, newspapers were also privatized.
       The history of two major Lisbon dailies illustrates recent cycles of Portuguese politics and pressures. O Século, a major Lisbon daily paper was founded in 1881 and was influenced by Republican, even Masonic ideas. When the first Republic began in 1910, the editorials of O Século defended the new system, but the economic and social turmoil disillusioned the paper's directors. In 1924, O Século, under publisher João Pereira da Rosa, called for political reform and opposed the Democratic Party, which monopolized elections and power in the Republic. This paper was one of the two most important daily papers, and it backed the military coup of 28 May 1926 and the emergent military dictatorship. Over the history of the Estado Novo, this paper remained somewhat to the left of the other major daily paper in Lisbon, Diário de Notícias, but in 1972 the paper suffered a severe financial crisis and was bought by a Lisbon banker. During the more chaotic times after the Revolution of 25 April 1974, O Século experienced its own time of turmoil, in which there was a split between workers and editors, firings, resignations, and financial trouble. After a series of financial problems and controversy over procommunist staff, the paper was suspended and then ceased publication in February 1977. In the 1990s, there was a brief but unsuccessful attempt to revive O Século.
       Today, the daily paper with the largest circulation is Diário de Notícias of Lisbon, which was established in 1883. It became the major daily paper of record, but after the Revolution of 25 April 1974, like O Século, the paper suffered difficulties, both political and financial. One of its editors in the "hot" summer of 1975 was José Saramago, future Nobel Prize winner in literature, and there was an internal battle in the editorial rooms between factions. The paper was, like O Século, nationalized in 1976, but in 1991, Diário de Notícias was reprivatized and today it continues to be the daily paper of record, leading daily circulation.
       Currently, about 20 daily newspapers are published in Portugal, in Lisbon, the capital, as well as in the principal cities of Oporto, Coimbra, and Évora. The major Lisbon newspapers are Diário de Notícias (daily and newspaper of record), Publico (daily), Correia da Manha (daily), Jornal de Noticias (daily), Expresso (weekly), The Portugal News (English language weekly), The Resident (English language weekly), and Get Real Weekly (English language).
       These papers range from the excellent, such as Público and the Diário de Notícias, to the sensationalistic, such as Correio da Manhã. Portugal's premier weekly newspaper is Expresso, founded by Francisco Balsemão during the last years of Marcello Caetano's governance, whose modern format, spirit, and muted criticism of the regime helped prepare public opinion for regime change in 1974. Another weekly is O Independente, founded in 1988, which specializes in political satire. In addition to these newspapers, Portugal has a large number of newspapers and magazines published for a specific readership: sports fans, gardeners, farmers, boating enthusiasts, etc. In addition to the two state-owned TV channels, Portugal has two independent channels, one of which is operated by the Catholic Church. TV programming is now diverse and sophisticated, with a great variety of programs of both domestic and foreign content. The most popular TV programs have been soap operas and serialized novels ( telenovelas) imported from Brazil. In the 1990s, Portugal attempted to produce its own telenovelas and soap operas, but these have not been as popular as the more exotic Brazilian imports.

    Historical dictionary of Portugal > Media

  • 19 interest

    сущ.
    сокр. Int
    1)
    а) общ. интерес, заинтересованность

    to be of interest to smb. — представлять интерес для кого-л.

    to hold interest — поддерживать [удерживать\] интерес

    Syn:
    concern, curiosity
    See:
    б) общ. увлечение, интересы

    community of interest — сообщество [группа\] по интересам, сообщество интересов

    2) общ. выгода, польза, преимущество, интерес

    to protect [defend, safeguard, guard\] smb.'s interests — защищать [отстаивать\] чьи-л. интересы

    in smb's interests — в чьих-л. интересах

    in (the) interest(s) of smb./smth. — в интересах кого-л./чего-л.

    We are acting in the best interest of our customers. — Мы действуем в наилучших интересах наших клиентов.

    Syn:
    advantage, benefit, good, profit
    See:
    3) общ., мн. круги (лица, объединенные общими деловыми или профессиональными интересами)

    moneyed interests — денежные [богатые, финансовые\] круги

    wealthy interests — состоятельные [богатые\] круги

    See:
    4)
    а) эк. доля, участие в собственности [прибыли\] (об участии во владении каким-л. имуществом или каким-л. предприятием; права собственности на какое-л. имущество или на часть в чем-л.)

    to buy [purchase, acquire\] a controlling interest — покупать [приобретать\] контрольный пакет акций [контрольную долю\]

    to sell a controlling interest — продавать контрольный пакет акций [контрольную долю\]

    to own an interest — иметь долю, владеть долей (напр. в бизнесе)

    half interest — половинная доля, половина

    She owned a half interest in the home. — Ей принадлежало право собственности на половину дома.

    30% interest — 30-процентная доля

    He holds a 30% interest in the gold mine. — Он владеет 30-процентной долей в золотой шахте.

    Syn:
    See:
    б) эк., юр. имущественное право (право лица владеть, пользоваться и распоряжаться каким-л. имуществом в пределах, установленных законом)

    to disclaim [renounce\] interest — отказаться от права (собственности)

    Interest may be a property right to land, but it's not a right to absolute ownership of land. — Имущественное право может быть правом собственности на землю, но оно не является абсолютным правом собственности на землю.

    See:
    5)
    а) фин., банк. процент, процентный доход (доход, получаемый с вложенного капитала и измеряемый как доля от его величины)

    interest on deposits — процент по депозитам [вкладам\]

    to bear [to yield, to carry, to produce\] interest — приносить процент [процентный доход\] ( о финансовом активе)

    The loan will carry interest of LIBOR plus 3.8 percent. — Заем принесет процент по ставке ЛИБОР плюс 3,8%.

    to invest at interest — вкладывать деньги [инвестировать\] под проценты

    The interest accrued to our account. — На нашем счету накопились проценты.

    This is a flexible account that allows you to accrue interest on your balance with limited check writing. — Это гибкий счет, который позволяет вам получать проценты на остаток средств при ограниченной выписке чеков.

    See:
    after-tax interest, daily interest, and interest, interest coupon, interest in possession trust, interest income, interest period, interest return, interest yield, interest spread, interest warrant, interest-bearing, interest-free, interest-only strip, interest-paying, accreted interest, accrued interest, accumulated interest, added interest, annual interest, any-interest-date call, area of interest fund, bearing interest, bearing no interest, bond interest, broken period interest, carried interest, cash flow interest coverage ratio, cash interest coverage ratio, deferred interest bond, draw interest, earn interest, field of interest fund, foreign interest payment security, income from interest, liquidity preference theory of interest, separate trading of registered interest and principal of securities
    б) фин., банк. (ссудный) процент (стоимость использования заемных денег; выражается в виде процентной доли от величины займа за определенный период)

    Banks create money and lend it at interest. — Банки создают деньги и ссужают их под процент.

    to pay [to pay out\] interests — платить [выплачивать\] проценты

    to calculate [to compute\] interest — вычислять [рассчитывать, подсчитывать\] проценты

    computation of interest, calculation of interest, interest calculation, interest computation — расчет процентов

    date from which interest is computed — дата, с которой начисляются [рассчитываются\] проценты

    interest payment, payment of interest — процентный платеж, процентная выплата, выплата процентов

    And, until you attain age 59½, sever employment, die or become disabled, the loans will continue to accrue interest. — И, до тех пор, пока вы не достигнете возраста 59,5 лет, прекратите работать, умрете или станете нетрудоспособным, по кредитам будут продолжать начисляться проценты.

    Under Late Payment Legislation, for business-to-business debts, you can recover interest at 4% above the base rate. — В соответствии с законодательством о просроченных платежах, для долговых операций между предприятиями вы можете взыскивать процент в размере базовой процентной ставки плюс 4%.

    See:
    в) фин., банк. = interest rate
    See:
    г) общ. избыток, излишек; навар ( о щедрой благодарности)

    to repay smb. with interest — отплатить кому-л. с лихвой

    She returned our favour with interest. — Она щедро отблагодарила нас за оказанную ей любезность.


    * * *
    interest; Int 1) процент: сумма, уплачиваемая должником кредитору за пользование деньгами последнего; стоимость использования денег; выражается в виде процентной ставки за определенный период, обычно год; 2) участие в капитале; капиталовложение; акция; титул собственности.
    * * *
    Проценты/участие (в капитале)
    . Цена, выплачиваемая за получение денежного кредита. Выражается в виде процентной ставки на определенный период времени и отражает курс обмена текущего потребления на будущее потребление. Также: доля в собственности/право собственности . интерес; вещные права; имущественные права; пай Инвестиционная деятельность .
    * * *
    выражение главного содержания отношения данного лица к имуществу, которое является объектом страхования, права на него или обязательству к нему
    -----
    Банки/Банковские операции
    процент, процентный доход
    см. - per cent

    Англо-русский экономический словарь > interest

  • 20 customer-centred

    tributaire du consommateur

    The irony is that, having fragmented in the post-liberalisation world, the UK utilities industry is now beginning to consolidate - this time on a customer-driven basis rather than a supply approach. But it is likely to happen under largely foreign ownership, which has nipped in before a new British utilities giant has had time to emerge.

    English-French business dictionary > customer-centred

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