*Cape Verde Escudo (ECV)
1. Water tariffs for AdS – Waters of Santiago (Praia) (Effective since July 1, 2017)
|
Base Rate without VAT |
|
|
VARIABLE RATE (ECV/M3) |
|
|
Applicable to Hotels, Pensions, and other similar establishments |
475.00 |
|
Companies and industrial utilizations in Factories, Workshops, and similar facilities. |
475.00 |
|
Applicable to public and private Commercial Establishments, air and maritime navigation Companies, Warehouses |
|
|
Up to 20 m3/30 days |
300.00 |
|
More than 20 m3/30 days |
475.00 |
|
FIXED RATE (ECV/30 days) |
|
|
<=20 mm |
240.00 |
|
25 to 40 mm |
480.00 |
|
50 mm |
960.00 |
|
>50 mm |
1,200.00 |
Source: ARE – Economic Regulation Agency
2. Prices charged by Electra, SA (Effective from March 6, 2018)
|
Levels |
Base Rate (T) |
VAT (15%) |
Rate w/ VAT |
|
|
Low Domestic Voltage |
<= 60 KWh/month |
22.69 |
3.40 |
26.09 |
|
> 60 KWh/month |
29.55 |
4.43 |
33.98 |
|
|
Special Low Voltage |
25.70 |
3.85 |
29.55 |
|
|
Medium Voltage |
21.38 |
3.21 |
24.59 |
|
|
Public Lighting |
22.68 |
3.40 |
26.09 |
Source: ARE – Economic Regulation Agency
3. Maximum Fuel Sales Prices, ECV/Liter (Effective from October 1st to 31st, 2018)
|
Products |
Activity |
Price |
|
Gasoline |
Sale at Points of Sale |
131,90 |
|
Oil |
Sale at Points of Sale |
94.40 |
|
Diesel |
Sale at Points of Sale |
110.30 |
|
Sale to Electricity |
95.10 |
|
|
Sale to National Navy |
80.60 |
Source: ARE – Economic Regulation Agency
4. Tariff of Inter-island Maritime Transport of Goods
|
Distance, miles |
Goods, Ecv/m3 |
Goods in cold chambers /Products, Ecv/Kg |
|||
|
Fish |
Beef |
Other meat |
Dairy/Fresh |
||
|
0-50 |
935.00 |
4.24 |
10.01 |
6.05 |
4.84 |
|
51-90 |
1,390.00 |
4.84 |
13.31 |
8.47 |
5.45 |
|
>90 |
2,090.00 |
5.45 |
14.52 |
9.68 |
6.05 |
Source: Ordinance No. 19/2006 of August 14 – Published in the Official Bulletin No. 25 I Series, of August 14, 2006
5. Minimum Wage
Employees working for others, subject to the Labor Code regime, are guaranteed a minimum monthly wage of $13,000 (thirteen thousand escudos) – around 117.90 EUR, as long as they fulfill the normal working period, set by the employer. However, this amount is subject to a 20% reduction for apprentices and interns.
Source: Ordinance No. 19/2006 of August 14 – Published in the Official Bulletin No. 25 I Series, of August 14, 2006
Sources:
- ARE – Economic Regulation Agency
- Ordinance No. 19/2006 of August 14 – Published in the Official Bulletin No. 25 I Series, of August 14, 2006
- Cape Verde TradeInvest – 2017 Context Costs
