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Portugal

Luanda International Fair 2017 runs from 26 to 30 July

1 June 2017
This year's edition of the Luanda International Fair (Filda) will be held from 26 to 30 July and will be attended by more than 200 national and foreign exhibitors, the president of the Eventos Arena group announced on Wednesday in the Angolan capital.

Galp Energia Group finances solar energy projects in Mozambique

31 May 2017
Portuguese oil group Galp Energia will donate US$674,000 to Mozambique to finance solar energy projects to light primary schools and health facilities in rural areas of four provinces under an agreement signed on Tuesday in Maputo.

Macau Foundation announces “Belt and Road” scholarships

29 May 2017
Students from Macau and from Guangdong and Fujian provinces who are interested in a "Belt and Road" scholarship and who meet the eligibility requirements must apply from 29 May to 12 June, the Macau Foundation said.

Portuguese-speaking countries seek partners and investments in Macau

26 May 2017
Representatives from the eight Portuguese-speaking member countries of Forum Macau will travel to Macau in search of Chinese partners and investments at the International Forum on Investment and Infrastructure Construction (IICF), on 1 and 2 June.

Angolan mill will reduce imports of wheat flour

25 May 2017
Angolan milling unit Grandes Moagens de Angola (GMA), to be inaugurated on Friday, 26 May, has the capacity to supply 60% of the wheat flour imported by Angola in 2016, estimated at 500,000 tonnes, said the Minister of Industry, Bernarda da Silva.

Novo Banco concludes the sale of 75% of its Macau branch

25 May 2017
Novo Banco, the bank that inherited the "quality" assets considered of bankrupt Banco Espírito Santo, has completed the process of selling 75% of Novo Banco Asia to Well Link Group Holdings Limited, of Hong Kong, the bank said in a market filing.

Headquarters of the Chinese-Portuguese-Speaking Cooperation and Development Fund in Macau inaugurated on 1 June

22 May 2017
The Macau Special Administrative Region (MSAR) Secretary for Economic Affairs and Finance announced on Friday that the inauguration ceremony of the China-Portuguese-Speaking Cooperation and Development Fund in Macau will take place on 1 June.

Chinese citizens invest 1.9 bln in Portugal under “golden visa” scheme

22 May 2017
Citizens of China have invested 1.9 billion euros in Portugal since October 2012 under the Residential Authorisation for Investment Activity (ARI) scheme, also known as the Golden Visa scheme, according to official figures from the Foreigners and Borders Service (SEF).

Ninety companies produce 900 products “Made in Angola”

22 May 2017
Nearly 900 products from 91 micro, small and medium-sized companies currently brandish the "Made in Angola" seal, a government project launched about five years ago to encourage consumption of Angolan products, according to official figures for May.

Government of Portugal facilitates granting of golden visas for business investment

19 May 2017
The Portuguese government has reduced the minimum amount of investment in small and medium-sized companies required to grant a residence permit to foreigners under the golden visas programme, the minister for Internal Administration said on Thursday in Lisbon.

Trade between China and Portuguese-speaking countries grows 43% in Q1

17 May 2017
Trade between China and Portuguese-speaking countries reached US$23.97 billion in the first quarter of the year, an increase of 43.33% compared to US$ 16.72 billion in the same period of 2-16, according to figures from Forum Macau.

Mozambican government approves exploration model for natural gas block

17 May 2017
The Mozambican government has approved the proposal to build a floating platform for the exploration of natural gas in the Rovuma basin, Area 4, Cabo Delgado province, the Council of Ministers spokesman said on Tuesday in Maputo.

Barclays and Société General banks interested in buying Mozambican bank Moza

12 May 2017
South African banking group Barclays Africa and France's Société Générale are two of the main players interested in buying a majority stake in the Moza bank, which is currently subject to Bank of Mozambique intervention, the Africa Monitor Intelligence (AMI) newsletter reported.

Chinese group Fosun taking stake in Banco Comercial Português improves shareholder stability

11 May 2017
The entry of the Chinese group Fosun into the capital of Portuguese bank Banco Comercial Português (BCP) improves shareholder stability, opening the bank up to new businesses and markets, the BCP chief executive said on Wednesday.

BNU profits up 9.6% to US$21 million in first quarter

11 May 2017
Banco Nacional Ultramarino (BNU) in Macau, of Portuguese state-owned financial group Caixa Geral de Depósitos, ended the first quarter of 2017 with profits of 168.4 million patacas (US$21.05 million), according to the bank's quarterly results.

Forum Macau takes part in Portuguese Language Day in Beijing

10 May 2017
The Day of Portuguese Language and Culture of the Community of Portuguese Speaking Countries was celebrated for the first time in Beijing on the initiative of the diplomatic representations of the Portuguese speaking countries, said the Permanent Secretariat of Forum Macau.

Timor-Leste inaugurates electronic interbank system

10 May 2017
Timor-Leste's (East Timor's) first electronic interbank system recently started linking the current infrastructure of the five commercial banks operating in the country to a network set up by Portuguese company SIBS.

Portugal considers financing itself in Chinese renminbi

8 May 2017
Portugal is analysing the possibility of public debt denominated in Chinese currency, the renminbi, in order to broaden "the investor base and attract financing," Finance Minister Mario Centeno said in Beijing.

Portugal’s public debt reaches 243.5 billion euros in the first quarter of 2017

4 May 2017
Portugal's public debt reached 243.5 billion euros at the end of March, having increased by 23 million euros compared to February, the Bank of Portugal said.

Banco BPI reduces position in Banco de Fomento Angola

28 April 2017
Angola was a "fantastic investment" but Portugal's Banco BPI bank will progressively withdraw from Banco de Fomento Angola (BFA), in order to comply with the recommendations of the European Central Bank.
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