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Portugal

Business people from the Chinese province of Jilin visit Lisbon for business meeting

15 March 2018
Officials from seven Chinese companies are scheduled to take part in a Portuguese-Chinese business meeting in Lisbon on 22 March organised by the Portuguese Industrial Association (AIP), in partnership with the Federation of Industry and Commerce of Jilin province, the AIP said.

Portuguese-speaking countries well positioned to benefit from China’s ‘Belt and Road’ initiative

13 March 2018
Portuguese-speaking countries are well positioned to share the economic benefits associated with the "Belt and Road" initiative announced by China, according to Clbrief (https://clbrief.com/), a news service specialising in the Portuguese-speaking world and China.

China-Lusophone Brief, a new economic relations news service

12 March 2018
The analysis of the economic and political situation of the Portuguese-speaking countries and business opportunities with China, at a time when Beijing is strongly committed to the "Belt and Road" and "Guangdong-Hong Kong-Macau Great Bay" initiatives, are the main lines of action of the new English-language news service launched on Monday and called China-Lusophone Brief (CLBrief).

Macau sponsors environmental visit to Portugal and Germany

12 March 2018
An exchange visit by a delegation from the Pan-Pearl River Delta region to Portugal and Germany runs from 11 to 19 March, organised by the Government of the Macau Special Administrative Region (Macau SAR), said the Office of the Secretary for Economics and Finance.

34th Luanda International Fair takes place in the first two weeks of July

8 March 2018
The 34th edition of the Luanda International Fair (Filda 2018) will be held in Luanda bay in the first two weeks of July, and Portugal is expected once again to be the most represented foreign country, Angolan newspaper Expansão reported.

Portugal’s non-financial sector owed 718 billion euros at the end of 2017

2 March 2018
Portugal's non-financial sector debt stood at 718.1 billion euros at the end of 2017, of which 311.6 billion was for the public sector and 406.5 billion for the private sector, the Bank of Portugal reported recently.

Angola’s Sonangol plans to keep its investments in Portugal

1 March 2018
The chairman of the Board of Directors of Angolan state oil company Sonangol gave assurances on Wednesday in Luanda that the company will keep its stakes in Portugal's Galp Energia group and Banco Comercial Português (BCP) as they are "strategic investments."

Angola simplifies process of granting tourism visas

26 February 2018
Tourists intending to visit Angola are no longer obliged to present an invitation letter, a move that brings an end to a situation that has led to huge embarrassment for people who want to visit the country, weekly newspaper Expansão reported, citing a presidential order.

Offshore branch of Caixa Geral de Depósitos in Macau ceases operation

22 February 2018
The Portuguese state-owned bank Caixa Geral de Depósitos (CGD) ceased to have an offshore branch in Macao, under an executive order of the Chief Executive, Chui Sai On, dated February 8 and Wednesday published in Bulletin Official.

Portuguese company Partex to be sold to CEFC China Energy group

15 February 2018
Partex Oil and Gas (Holdings) Corporation will be sold to the CEFC China Energy group, confirmed António Costa Silva, the chairman of the oil company of the Calouste Gulbenkian Foundation, speaking to Portuguese daily newspaper Público.

Trade between China and Portuguese-speaking countries grows 29.4% in 2017

13 February 2018
Trade between China and the Portuguese-speaking countries totalled US$117.58 billion in 2017, a year-on-year increase of 29.40%, according to official Chinese figures released by Forum Macau.

Cahora Bassa hydroelectric plant launches tender to start selling 7.5% of its capital

12 February 2018
The Cahora Bassa Hydroelectric Dam (HCB) has launched a public tender to hire of the entity that will lead the process of selling a 7.5% stake in the company's share capital through the Mozambique Stock Exchange (BVM), HCB said in a statement posted on its website.

Future of Forum Macau under discussion at its 15-year celebrations

9 February 2018
The Secretary-General of Forum Macau, Xu Yingzhen, announced in Beijing that the 15th anniversary of the establishment of the institution, in 2003 following a Chinese initiative joined by the Portuguese-speaking countries, would be celebrated in Macau this year.

NovEnergia Fund’s assets to be sold to Chinese investor

6 February 2018
The NovEnergia Fund, which owns the Gulbenkian and Oriente foundations, among other entities, will be phased out and its assets will be sold to an unidentified Chinese investor, Portuguese daily newspaper Público reported recently.

CEFC China Energy buys Portugal’s Partex Oil & Gas

6 February 2018
China's CEFC China Energy Group is expected to buy Partex Oil and Gas (Holdings) Corporation, the oil sector holding of Portugal's Calouste Gulbenkian Foundation, for around 500 million euros, Portuguese weekly newspaper Expresso reported recently.

Luso-Australian partnership buys KC-390 aircraft from Brazil’s Embraer

6 February 2018
Aviation services company SkyTech has signed a letter of intent with Embraer Defesa & Segurança to purchase up to six KC-390 transport aircraft, Embraer said on Tuesday.

Chinese citizens invested 2.06 billion euros in Portugal in exchange for gold visas

2 February 2018
The investment by citizens of China in Portugal under the Residence Permit for Investment Activity (ARI) scheme totals 2.06 billion euros, for a total of 3,588 so-called gold visas, the Portuguese Foreigners and Borders Service (SEF) said.

BNU posts profit of US$88.2 million in 2017

31 January 2018
Banco Nacional Ultramarino (BNU) posted a profit of 705.69 million patacas (US$88.2 million) in 2017, an increase of 25.9% over the figure of 560.5 million patacas recorded in 2016, according to the bank's balance sheet published on Wednesday in the Macau Official Gazette.

Portugal’s BPI bank wants to reduce its stake in Banco de Fomento Angola

31 January 2018
Portuguese bank Banco BPI, which is 84.51% owned by CaixaBank of Spain, wants to reduce its stake in Banco de Fomento Angola (BFA) from 48.1%, through a possible stock exchange operation, the bank's chief executive, Pablo Forero, said in Lisbon.

Chinese group Fosun expands healthcare business in Portugal

23 January 2018
Luz Saúde agreed to buy 70% interest of Capital Criativo Health Care Investments II, which owns 100% of the Idealmed Group, which owns the Coimbra Hospital Unit, along with four clinics in central and northern Portugal, the company said in a market filing.
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