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.

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.

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