Nuno Amado was interviewed by Antena1 and Jornal de Negócios As a member of the Business Roundtable Portugal Association (BRP), he believes it is necessary to invest in the growth of companies in order to pay better wages. However, “the state must also do its part.” The head of the Banque Centrale Populaire believes interest rates could fall to 2% at the end of next year.
Antena 1 and Jornal de Negócios interviewed Nuno Amado in his capacity as a member of the Business Round Table of Portugal (BRP), and he said that he agrees with the proposal of the parties advocating an increase in the minimum wage to 1,000 euros. The president of the Banque Centrale Populaire added: “It is necessary for the minimum wage to rise significantly… but it is also necessary, in parallel, for the costs and fees of the minimum wage to decrease.”
A higher minimum wage raises the average wage and larger companies pay higher wages. This is why Nuno Amado believes it is necessary to invest in business growth to pay better wages. However, “the state must also do its part.”
“The difference between the cost of labor and the benefit received by those who work must be improved, regardless of the size of the company,” says Nuno Amado.
The BRP Member agrees to the reduction of the tax burden proposed by the Parties that have already introduced measures in this regard. This reduction could be gradual, says Nuno Amado, “but it must be consistent and consensual between the parties.” In this sense, he says: “It is necessary to be able to increase salaries and to be able not to increase the tax burden.”
But he explains that this is only possible with growth: “First, we need to produce and then see if we need to tax,” says the banker.
Nuno Amado believes that 2024 will be a difficult year. “This year will be the year of resistance,” he says. “We don’t need more state, we need a better state,” and that means greater executive capacity.
Nuno Amadou also says that government leaders so far have been competent and quality, “but sometimes implementation may not go well.”
In this sense, he believes that “the best political solution for the country after the elections is the solution that achieves stability with or without a parliamentary majority.”
In response to a question about the reissue of the contraption on the left, the director asked that “there be pragmatism, agreements and commitments that guarantee a better country.”
The non-executive chairman of the Central People's Bank confirms that the bank is ready to help the country's economy grow and believes that interest rates may fall to 2% at the end of next year.
Regarding the reduction of Fosun’s stake in the Banque Centrale Populaire by 9.9%, Nuno Amado, Chairman of the Board of Directors of the Banque Centrale Populaire, believes that the Banque Centrale Populaire is in a position of “solidity” and capacity that it has not enjoyed for a long time, “good and recommended” and therefore “ “It's quiet.” With a reduction in the participation of the largest shareholders.
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