Portugal’s investment in Brazil rockets in September

2 December 2005

Lisbon, Portugal, 01 Dec – Portugal’s financial investment in Brazil increased significantly in December, in contrast to investments in Portuguese-speaking Africa, according to the latest figures from the Bank of Portugal.

The figures in the Bank of Portugal’s November statistical bulletin that investment in Brazil from Portuguese companies buying shares, setting up companies, capital increases, real estate and other operations, totaled 603 million euros in September, overtaking the amount invested in all other countries, and even in European Union member states combined.

After Brazil, the main destination for Portuguese financial investment was Spain, totaling 243.2 million euros.

Portuguese companies invested 300.6 million euros in European Union member states in September, according to the official figures.

The balance of payments with Portuguese-speaking Africa (Cape Verde,
Guinea Bissau, Sao Tome and Principe, Angola and Mozambique) showed a 6.9 million-euro deficit in September, with credits of 1.3 million and debits of 8.2 million. (macauhub)