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Portugal

BNU Macau closes 2019 accounts with a net profit of 721.9 million patacas

13 February 2020
Macau-based bank Banco Nacional Ultramarino posted a profit of 721.9 million patacas in 2019, an increase of 23.6% compared to the result recorded in 2018, according to the balance sheet for 31 December 2019 published in the Macau Official Bulletin.

Energias de Portugal group completes sale of wind asset in Brazil

13 February 2020
EDPR Renováveis, of Portuguese group EDP - Energias de Portugal, has concluded the sale of its shareholding in an onshore wind energy project in Brazil, to a subsidiary of the Actis group for 598 million reais (US$137.7 million), according to a market statement.

Spanish Bank Abanca buys 95% of Portuguese-Angolan EuroBic bank

11 February 2020
Spanish bank Abanca reached an agreement to buy 95% of the capital of EuroBic, a private Portuguese bank owned by Portuguese and Angolan shareholders, with headquarters in Lisbon, Abanca said in a statement.

Turkish group OYAK interested in the volcanic stone in Cabo Verde

7 February 2020
Turkish group OYAK (Ordu Yardimlasma Kurumu) intends to invest in Cabo Verde in quarrying pumice, a rock of volcanic origin used in cement production, said the Prime Minister's office in a statement issued in Praia.

Cabo Verde’s trade deficit increases by 4.4% in 2019

6 February 2020
Cabo Verde’s balance of trade deficit increased by 4.4% on year in 2019 to 72.230 billion escudos (US$722 million), compared with 69.195 billion escudos in 2018, the archipelago's National Statistics Institute said.

Banco Fomento Angola increases its contribution to the result of Portugal’s Banco BPI

5 February 2020
The contribution of Banco de Fomento Angola (BFA) to the consolidated result of Portugal’s Banco BPI in 2019 totalled €78.9 million, an increase of 8.0% compared to the €73.2 million recorded in 2018, according to a statement issued by the Portuguese Securities Market Commission.

Portugal’s public debt reaches almost €250 billion in 2019

4 February 2020
Portugal ended 2019 with a public debt of €249.74 billion, or an additional €600 million compared with the value recorded at the end of 2018, the Bank of Portugal said in a statistical information statement issued on Monday in Lisbon.

BNU Macau contributes €68.7 million to consolidated net result of Caixa Geral de Depósitos in 2019

3 February 2020
BNU Macau was the main contributor of the international business area for the consolidated net result of Caixa Geral de Depósitos (CGD) in 2019, with €68.7 million euros, according to information disclosed in Lisbon by the Portuguese state bank.

Angola’s Sonangol launches public tender to dispose of corporate shareholdings

31 January 2020
Angolan national oil company Sonangol has launched a public tender for the sale of stakes it holds in six companies, announced the state company in a statement released on Thursday in Luanda.

Brazilian group Oi leaves Angola’s Unitel with the sale of its stake to Sonangol

30 January 2020
Africatel Holdings B.V., an indirect wholly-owned subsidiary of the Brazilian telecommunications group Oi, sold and transferred all the shares held by Portuguese company PT Ventures SGPS to Angolan oil company Sonangol, said the group in a statement issued recently.

Galp Energia announces first test oil well in São Tomé and Príncipe

23 January 2020
Portuguese oil group Galp Energia will drill its first test well in block 6 of the São Tomé and Príncipe Exclusive Economic Zone at the end of this year or beginning of 2021, the group's production and export director said on Wednesday in São Tomé.

Forum Macau analyses report on its 15 years of activity

22 January 2020
Forum Macau has analysed the report prepared by the Chinese Academy of Social Sciences on the activities of the institution in its 15 years of existence, according to information from the Support Office of the Permanent Secretariat of Forum Macau.

Portuguese fund supports SMEs in Mozambique affected by natural disasters

20 January 2020
Investimoz, a Portuguese fund to support investment in Mozambique, has set up two credit lines in the amount of €15 million for small and medium-sized enterprises (SMEs) in Mozambique that have been affected by natural disasters, at a ceremony held last Thursday in Maputo.

CPLP announces new funding to support Mozambique

17 January 2020
The Community of Portuguese Speaking Countries (CPLP) will help the reconstruction of areas of Mozambique affected by cyclones in 2019 with funding of €888,600, with funding totalling €1.26 million, said the organisation in a statement.

Minister suggests the installation of Dongfeng truck assembly line in Angola

16 January 2020
Angola's Minister of Trade, Jofre Van-Dúnem, challenged the Kin Lai company, of the Nors group, to set up an assembly line in Angola for Dongfeng trucks, as part of the process of diversification of the country's economy and to boost the domestic market, the Angolan press reported.

Portugal’s Efacec hired to build a solar plant in Mozambique

16 January 2020
Portuguese company Efacec has been hired by Mozambican power company Electricidade de Moçambique (EDM) and Neoen, a French renewables company, to build and operate a solar plant, Central Solar Fotovoltaica de Metoro, in Cabo Delgado province, northern Mozambique, the Portuguese company said in a statement released on Wednesday.

Government of Mozambique awaiting study to solve problems of LAM airline

14 January 2020
The major problem facing Mozambique's flagship airline LAM is financial, said the president of the Institute of State Asset Management (Igepe), speaking to daily newspaper Notícias.

Cabo Verde hosts second Investment Forum in July

13 January 2020
The Cabo Verde Investment Forum (CVIF) 2020 will be held from 1 to 3 July on Sal Island, the Deputy Prime Minister and Minister of Finance announced in a public presentation ceremony of this year's edition of the meeting, the presentation of the results of CVIF2019 and the Investment Platform.

Diplomat from São Tomé and Príncipe chosen as director-general of the CPLP

10 January 2020
São Tomé diplomat Armindo Brito Fernandes, 58 years old and a law graduate, will be the new director-general of the Community of Portuguese Speaking Countries (CPLP), taking on the position next February for a term of three years, announced the embassy of São Tomé and Príncipe in Portugal.

Angola wants to facilitate movement within the Community of Portuguese Speaking Countries

8 January 2020
The government of Angola expects that the progress made in the technical discussions can make the issue of movement within the Community of Portuguese Speaking Countries (CPLP) less complex, the Angolan Minister for Foreign Affairs said on Monday in Lisbon.
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