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Portugal

Macau is important in Portuguese-Chinese relations, says President of Portugal

8 February 2019
The growing position of the People's Republic of China on the international scene will always be of benefit to the world as a whole and certainly also to Portugal, which recognises the many opportunities in this development, said the President of Portugal, Marcelo Rebelo de Sousa, in an interview with Macau magazine .

BNU Macau accounts for 12% of the consolidated income of the Caixa Geral de Depósitos group in 2018

8 February 2019
Banco Nacional Ultramarino Macau was the largest contributor to the consolidated net income of Portuguese state-owned financial group Caixa Geral de Depósitos (CGD) in 2018, providing 61.5 million euros, according to a financial report published recently by CGD.

Trade between China and Portuguese-speaking countries increases 25% in 2018 to US$147.354 billion

31 January 2019
The value of trade between China and the Portuguese-speaking countries reached US$147.354 billion in 2018, an increase of 25.31% year-on-year, according to official Chinese figures released by Forum Macau.

European Investment Bank opens Portugal’s SME credit line in Portuguese-speaking countries

29 January 2019
The European Investment Bank (EIB) and Portugal's Development Finance Corporation (Sofid) have signed an agreement to open a credit line of up to 12 million euros to benefit small and medium-sized Portuguese companies in Portuguese-speaking countries, the EIB said in a statement.

Angola’s parliament approves elimination of double taxation with Portugal, China and UAE

25 January 2019
The Angolan parliament unanimously approved proposals for the resolution of agreements for the elimination of double taxation and prevention of tax evasion on income tax with Portugal, China and the United Arab Emirates (UAE), according to official information.

Cabo Verde Sovereign Fund will not require public funding

24 January 2019
Cabo Verde's (Cape Verde's) deputy prime minister and finance minister gave assurances on Wednesday that setting up of the country's Sovereign Fund will not require public funds, according to the local press.

Trade between China and Portuguese-speaking countries exceeds US$134 billion from January to November 2018

23 January 2019
The value of trade between China and the eight Portuguese-speaking countries totalled US$134.981 billion in the January-November 2018 period, a year-on-year increase of 25.27%, according to official Chinese figures released by Forum Macau.

Macau will always have a role to play in Portugal’s relationship with China

22 January 2019
Macau will always have a role to play in Portugal's relationship with China, as the relationship began with Macau and has become stronger through it, the new Portuguese consul-general told the Plataforma newspaper.

Luso-Angolan bank expands to Spain

22 January 2019
Lisbon-based bank Banco Atlântico Europa will open a branch in Spain this year as it plans to add customers by expanding to other European countries, CEO Diogo Cunha told Bloomberg.

End of double taxation between Angola and Portugal approved in Lisbon

21 January 2019
The Portuguese Parliament voted in favour of a proposed government resolution approving the agreement to eliminate double taxation with Angola, the Portuguese press reported on Friday.

China is Mozambique’s largest country creditor up to 2017

18 January 2019
China was Mozambique's largest creditor country at the end of 2017, with loans totaling US$1.8 billion, according to the Report and Opinion of the Administrative Tribunal on that year's State General Account.

Angola prepares to end double taxation with China, UAE and Portugal

16 January 2019
The Angolan parliament on Tuesday in Luanda approved a set of documents related to agreements to eliminate double taxation and prevent income tax evasion with China, the United Arab Emirates and Portugal.

Boluda Lines offers weekly Spain/Portugal/Cabo Verde

11 January 2019
Boluda Lines, the shipping company of the Boluda Corporación Marítima group from Canarias, on 1 February will increase the frequency of shipping connections between Portugal, Spain and Cabo Verde (Cape Verde), the group said in a statement.

AICEP Portugal Global appoints new delegate to Macau

10 January 2019
AICEP Portugal Global has named Maria Carolina Lousinha as the new delegate in Macau, an AICEP source told Macauhub in Lisbon.

Europe and Latin America linked by new submarine cable that passes by Cabo Verde

10 January 2019
EllaLink Ireland and Alcatel Submarine Networks have begun construction of the EllaLink submarine cable system, which will link Europe to Latin America, according to a joint statement released in Dublin and Paris.

Tax authorities in Angola and Portugal share information on taxpayers

8 January 2019
The Angolan and Portuguese tax administrations will begin to exchange information on taxpayers with interests in both countries, according to an agreement on mutual administrative assistance and tax cooperation signed by both governments.

Portugal provides assistance to Angola to introduce VAT

4 January 2019
The Portuguese Tax and Customs Authority is supporting its counterpart in Angola in preparing the introduction of Value Added Tax (IVA), scheduled for 1 July, Portuguese daily newspaper Público reported.

Final investment decision of the Area 4 block in Mozambique, scheduled for 2019

31 December 2018
The final investment decision for the Area 4 block in northern Mozambique is expected to be made in 2019 as partners involved in the project have committed to buying the natural gas to be extracted, reported Italian group ENI.

Portugal is Angolans’ most popular air destination in December

31 December 2018
The cities of Lisbon and Porto in Portugal were the main destinations of Angolans leaving the Angolan capital Luanda during the month of December for Christmas holidays and for health reasons, according to the Angop news agency.

Portuguese group CGD sells stake in Cape Verdean bank

28 December 2018
Portuguese banking group Caixa Geral de Depósitos (CGD) plans to sell its stake in Cape Verdean bank Banco Comercial do Atlântico (BCA) and remain in Banco Interatlântico (BI), the chief executive said in Praia.
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