Rebirth of England.

Chapter 831 New Situation

On November 11, newly-appointed Italian Prime Minister Mario Monti approved the decision to sell the shares of United Power Group held by the Ministry of Finance.

The sale of state-owned shares this time will bring in more than 130 billion euros in revenue for Italy, thus alleviating Italy's increasingly severe sovereign debt crisis.

As a "return", in the bidding for 30-year government bonds totaling 5 billion euros by Italy last week, the asset management company under Standard Chartered Merrill Lynch Group subscribed for 6.29 billion euros of government bonds at an interest rate of 10%.

It is worth mentioning that a month ago, the interest rate of Italy’s 5-year government bonds was only 5.32%.

This also shows that the market's confidence in Italy's sovereign debt has declined.

After purchasing the shares of United Power Group held by the Italian government, United Energy Group's shareholding in United Power Group increased to 72.5%, achieving absolute control.

After the news came out, United Energy Group's stock price rose again, with a daily increase of as much as 3.5%. It is obvious that the market is optimistic about their acquisition.

At this time, Barron and Julia Moore had already arrived in Colo.

In Britta, the capital of Kolo, Natasha, a Russian girl from Ukraine, was also waiting there.

This time I came to Kolo, naturally to help Yulia "realize her dream".

The best comprehensive hospital in Brittany is Devonshire Hospital, which was funded by the Devonshire Charitable Foundation.

The top reproductive medical team from London has arrived here.

Next, they will complete Natasha's conception, so that she can give birth to Barron and Yulia's offspring...

After the success, Natasha will stay in Kolo for ten months until the baby is born, and then she will be taken to England with the baby.

……

Kolo President Thomas Kaboré has returned home after completing his visit to Nigeria.

Taking advantage of Barron's visit to Brittany, Thomas met with him.

During Jammeh Bongo's two terms in office, the economy of Korlo has achieved leapfrog development.

After Thomas Kaboré took over the presidency of Kolo, his work, in addition to Kolo's external development, also required him to maintain social stability in Kolo.

The establishment of the West African Free Trade Area has objectively eased the flow of people between Coloane and its neighboring countries.

But in comparison, Colo's economy is better than its neighboring countries, and its citizens' treatment in all aspects and infrastructure are more complete.

This has resulted in a considerable number of people from neighboring countries, including Ghana and Burkina Faso, entering Kolo in search of job opportunities - the same job here can earn higher incomes.

Of course, this is indeed beneficial to Kolo in some aspects - migrant workers can provide Kolo with more relatively cheap labor.

After all, due to the increase in income, many people in Kolo are no longer keen on some heavy labor, and even if they participate in such work, the remuneration required is higher. Just like Lijiapo, they have achieved rapid development by introducing a large number of foreign workers to provide cheap labor for their economic construction.

To put it bluntly, it means exploiting foreign workers in order to provide better treatment for domestic citizens.

Of course, Colo can do this, but at the same time, it will bring more complicated governance work to Colo.

Because with the influx of more foreign workers, it will inevitably have an impact on the social security in Kolo.

Data shows that the recent influx of migrant workers has caused an increase in the overall crime rate in Colo, and has also put pressure on areas including health care and education.

At the same time, because foreign workers have relatively lower wage requirements, this has actually caused some conflicts between local residents and foreign workers over job opportunities.

These are all issues that Kolo needs to resolve as soon as possible.

At present, Colo is continuously recruiting more police officers to ensure police coverage and thus maintain good social order.

In addition, they also need more industrial investment to provide more jobs.

For example, the Dopod brand low-end mobile phone assembly factory built by Honor Electronics in Kolo not only provides Kolo with high-quality jobs, but its related upstream and downstream industrial chains can also provide more jobs.

The same is true for the military production center established by Standard Defense in the small town of Bogu, north of Kolo. Because the production of gunpowder and weapons involves a certain degree of danger, and some of the positions do not require high technical skills, but the corresponding income is still relatively high. Therefore, many workers have been attracted to Bogu to live there, making this former northern town the size of a small city.

Next, many companies controlled by Barron will gradually transfer some low-tech industries to Colo.

Moreover, Kolo will once again carry out a wave of infrastructure construction and invest in transportation, water conservancy and other aspects across the country. In addition to providing more jobs, it will also improve Kolo's transportation and agriculture.

With the Kolo offshore oil field as a "money printing machine", the Kolo government is not short of money. In this round of infrastructure construction, they will invest a total of 1000 billion Kolo shillings (about 100 billion US dollars) in the plan...

"The Peninsula Eastern Group has established a maritime school in Port Loti, the largest port in Kolo, and is training young people in Kolo as seafarers..."

From the information obtained, Barron can see:

“By training more local seafarers in Kolo, in addition to providing relatively high-paying jobs for local people, it is also possible to significantly reduce the personnel costs of the Peninsula East’s ocean shipping by hiring Kolo crew members, thereby improving their competitiveness.”

Through additional investment, Peninsula Eastern Group currently holds a 15% stake in the Port of Loti and is involved in the operation of the Port of Loti to enhance the operational level of the largest port in West Africa.

At the same time, after obtaining funds, the Port of Loti will carry out a new phase of expansion and construction, adding two bulk cargo terminals and one container terminal.

In addition, the Port of Loti will also expand the scale of its oil terminal. After the oil pipeline from Niger to the Port of Loti is completed, the Port of Loti will increase the scale of oil loading and unloading in addition to the oil products produced and refined in Kolo.

It can be said that in the near future, in addition to continuing to be the largest port in West Africa, the Port of Loti will also challenge the position of the largest port in Africa as a whole.

(End of this chapter)