Portugal

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.

Geocapital sells stake in Caixa Económica de Cabo Verde

27 December 2018

GeoCapital, Gestão de Participações, has decided to sell the 27.44% stake it held in Caixa Económica de Cabo Verde (CECV), the financial institution's chief executive said.

P24 electronic payment system start operating in Timor-Leste

19 December 2018

Timor-Leste's (East Timor's) first electronic banking system, developed by Portuguese company Sociedade Interbancaria de Serviços (SIBS), will initially be used by two of the country's five commercial banks, the Central Bank of Timor-Leste (BCTL) reported.

Trade between China and Portuguese-speaking countries exceeds US$108 billion from January to September

17 December 2018

The value of trade between China and the Portuguese-speaking countries reached US$108.928 billion from January to September, a year-on-year increase of 21.22%, according to official Chinese data released by Forum Macau.

New Executive Secretary of the CPLP takes office on Saturday

14 December 2018

The new executive secretary of the Community of Portuguese Speaking Countries (CPLP), Portugal's Francisco Ribeiro Telles, is due to take office on Saturday in Lisbon, according to an official announcement.

Chinese shipping groups interested in the port of Sines, Portugal

12 December 2018

Chinese maritime shipping groups are expected to have something to say about the port of Sines in southern Portugal, reported the China-Lusophone Brief (CLBrief), a news service on China and the Portuguese-speaking countries.

Xi Jinping’s visit to Portugal ends with the signing of 17 agreements

6 December 2018

The official visit by Chinese President Xi Jinping to Portugal ended on Wednesday with the signing of 17 two-way agreements, most notably a memorandum of understanding on the Chinese 'Belt and Road' initiative, the Portuguese press reported.

President Xi Jinping says China and Portugal are “entering the best period of their history”

5 December 2018

Relations between Portugal and China are "entering the best period of their history," said Chinese President Xi Jinping, alongside Portuguese counterpart Marcelo Rebelo de Sousa, in the first statements he made on his official visit to Portugal.

Portugal wants China’s investment in productive areas

4 December 2018

China is a "partner country that is a friend of Portugal," due to China's focus on Portuguese companies, said on Monday in Lisbon the economy minister, who stressed the need to achieve "productive investment."

President of China starts two-day visit to Portugal on Tuesday

3 December 2018

Portugal is an important link between the Terrestrial Silk Road and the Maritime Silk Road and therefore a very important ally for China, Chinese President Xi Jinping wrote in a text published in the print edition of Portuguese newspaper Diário de Notícias.

Banco Comercial Português launches Alipay payments platform in Portugal

30 November 2018

Portuguese bank Banco Comercial Português (BCP) has launched the electronic payments platform of Chinese company Alipay of the Alibaba group to serve the growing number of Chinese tourists visiting Portugal, according to a joint statement.

Angola to have mobile payment system in 2019

29 November 2018

The National Bank of Angola (BNA) intends to introduce payments through mobile telephony, and plans to put forward new legislation in 2019 to that effect, said BNA director Pedro de Castro e Silva in Luanda on Wednesday.

Spain’s CaixaBank wants to reduce stake in Banco de Fomento Angola

29 November 2018

Spain'sCaixaBank plans to reduce its 48.1% stake in Banco de Fomento Angola (BFA), the bank's chief executive said on Wednesday in a statement.

Alibaba Group presents itself to Portuguese companies

27 November 2018

The Chinese group Alibaba will be presented to Portuguese companies during the conference "The Gateway to Portuguese Companies in China: e-commerce, technology and innovation", organized by the Portuguese Agency for Investment and Foreign Trade (AICEP) in Millennium bcp, according to an official statement.

Angola’s President concludes state visit to Portugal with the signing of 13 agreements

26 November 2018

The Angolan president returned to Luanda on Sunday, after a three-day state visit to Portugal in which the two countries signed a set of 13 cooperation agreements, the Portuguese press reported.

Angola wants help from Portuguese businesspeople to diversify the economy

23 November 2018

The Angolan President, currently on an official visit to Portugal, will travel to Porto, the northern city of the country, where he will take part in a meeting between Angolan and Portuguese businesspeople, according to the official schedule.

Mindelo hosts the 23rd edition of the Cabo Verde International Fair in 2019

20 November 2018

The city of Mindelo, on São Vicente Island, will host the 23rd edition of the Cabo Verde (Cape Verde) International Fair (FIC 2019), which will take place from 13 to 17 November, the President of FIC recently announced in Praia.

Angola wants to increase bilateral cooperation with Portugal

19 November 2018

The Angolan President will seek to increase the level of bilateral cooperation with Portugal during an official visit to the country from 22 to 24 November, he said in an interview with Portuguese weekly Expresso.

Guinea-Bissau and European Union sign new fisheries agreement

16 November 2018

Guinea-Bissau and the European Union (EU) signed a fisheries agreement on Thursday to allow vessels from some European countries to operate in the country's territorial waters, the fisheries minister said on Thursday in Bissau.

Cabo Verde wants to achieve full mobility in the Community of Portuguese Speaking Countries

15 November 2018

Cabo Verde (Cape Verde) "will do everything" it can to ensure that the full mobility of citizens within the Community of Portuguese Speaking Countries (CPLP) space is guaranteed "as soon as possible," said the Cape Verdean President.

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