Portugal

Capital Airlines wants to fly from Xi’an, China to Lisbon, Portugal

12 October 2018

China's Aviation Authority (AACC) said in a statement that Chinese civil aviation company, Capital Airlines, has requested authorisation to launch a direct flight between Xi'an and Lisbon, Portugal.

Sacyr Somague Moçambique awarded work to modernise the port of Nacala

12 October 2018

Sacyr Somague Moçambique, in consortium with Teixeira Duarte, has been awarded the contract for the construction of phases one and two of the port facilities of the Nacala Port Development Project in Mozambique, the Sacyr Somague group reported.

Luso-Mozambican company S2 goes bankrupt and closes supermarkets

5 October 2018

Mozambican food retail group S2, which was owned 70% by Satya Capital, a group of Mozambican investors, and the remaining 30% by Portugal's Sonae group, has closed down its three Central brand supermarkets in Maputo and moved ahead with insolvency proceedings.

Trade between China and Portuguese-speaking countries exceeds US$82 billion from January to July

3 October 2018

Trade between China and the Portuguese-speaking countries grew 21.50% on year from January to July 2018 to reach US$82.149 billion, according to official Chinese figures released by Forum Macau.

EDP - Energias de Portugal enters Mozambique through investment in Dutch company

3 October 2018

EDP - Energias de Portugal has invested 2.0 million euros in the purchase of a stake in SolarWorks! of the Netherlands, operating in Mozambique and preparing to enter the Malawian market, the group said in a statement.

Information technology increases tax revenue in Angola

28 September 2018

The introduction of information technology in the Angolan tax system has allowed non-oil tax revenue to increase by 18% in the first half to 898 billion kwanzas, the president of the General Tax Administration (AGT) said in Luanda.

Brazil’s competition regulator approves purchase of EDP group by China Three Gorges

26 September 2018

Brazil's Administrative Council for Economic Defence (CADE) has unreservedly approved the potential takeover of the EDP - Energias de Portugal group by state-owned China Three Gorges, according to a dispatch issued on Monday.

Trade between China and Portuguese-speaking countries grows 21.50% from January to July

20 September 2018

Trade between China and Portuguese-speaking countries reached US$82.49 million from January to July 2018, a year-on-year increase of 21.50%, according to official Chinese figures released by Forum Macau.

PLPEX 2018, in Macau, has a bigger area and more exhibitors

20 September 2018

The area dedicated to this year's edition of the Exhibition of Products and Services of Portuguese-speaking Countries (Macau), or PLPEX 2018, has been increased to 6,000 square metres, the Macau Trade and Investment Promotion Institute (IPIM) announced.

Portuguese investments are welcome in Angola, says João Lourenço

19 September 2018

Portuguese direct investments in Angola "are welcome," said on Tuesday in Luanda the Angolan President, who added that Portugal could play a leading role in the development of both countries.

Portugal increases export credit line to Angola

19 September 2018

Angola's export support facility will increase from 1 billion euros to 1.5 billion euros, Portuguese Prime Minister António Costa told a meeting with Portuguese businesspeople in Luanda, according to the Portuguese press.

Angola’s certified debt to Portuguese companies reaches US$105 million

19 September 2018

The certified debt of Angola's public entities to Portuguese companies is estimated at US$105 million and the non-certified debt is US$350 million, the Angolan Finance Minister said on Tuesday in Luanda.

Cahora Bassa hydroelectric plant in Mozambique invests €500 million in 10 years

18 September 2018

The Cahora Bassa Hydroelectric Plant (HCB) has a 10-year investment plan in the amount of 500 million euros, Vital Capex, to recover and modernise the company's electricity production system, said the company's chairman.

Bank of Cabo Verde awaits CGD’s request to sell a stake in a bank

18 September 2018

The Bank of Cabo Verde (Cape Verde) is waiting for Portuguese group Caixa Geral de Depósitos (CGD) to apply for authorisation to sell its stake in one of the two banks it controls in the archipelago, the governor of the central bank said on Monday in Praia.

Angola and Portugal put an end to double taxation

17 September 2018

Angola and Portugal are due this week to sign a convention to end double taxation between the two countries, as part of a two-day visit to Angola that the Portuguese prime minister is due to start on Monday, financial newspaper Jornal de Negócios reported last Friday.

India is the main destination of Mozambique’s exports in 2017

12 September 2018

India was the main destination for Mozambique's exports in 2017, with almost double the value of the country ranked second, South Africa, according to a yearbook published by the National Statistics Institute.

Angola closes embassy to the Community of Portuguese Speaking Countries

11 September 2018

The Angolan embassy to the Community of Portuguese Speaking Countries (CPLP) in Lisbon is one of eight diplomatic representations that the country plans to close by next November, the Angolan foreign minister said on Monday in Luanda.

Companies from Portuguese-speaking countries participate in a forum on traditional Chinese medicine

6 September 2018

Business leaders from Portuguese-speaking countries are among the 400 professionals participating in the 2018 Traditional Medicine International Cooperation Forum (Macau) on 20 and 21 September, the event's organisers said.

Banco Moza acquires the entire capital of Banco Terra de Moçambique

4 September 2018

Mozambican bank Moza, owned by the Bank of Moçambique Pension Fund (Kuhanha), has acquired the entire capital stock of Banco Terra, the bank said in a statement released on Monday in Maputo.

Portuguese bank sells the stake in Mozambican bank

3 September 2018

Montepio Holding, a subsidiary of Portugal's Caixa Económica Montepio Geral (CEMG), has agreed to sell the stake in Banco Terra de Moçambique to financial firm Arise, under a plan for the strategic redefinition of its international holdings, the company said.

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