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Portugal
04 June 2020

Bank of Portugal Mandates Bison Bank to Increase Capital
Bison Bank shareholders will have to inject 19 million euros into the bank until the end of this month, by determination of Banco de Portugal, the country´s central bank. 
04 June 2020

Boosting Demand for Portuguese ‘Golden Visas’ from Hong Kong
Requests for information from Hong Kong residents soared after the announcement that Beijing would impose national security law in that territory, according to companies specializing in obtaining 'golden visas' in Portugal.
02 June 2020

Shanghai Electric Joint-venture to Invest EUR 700 million in Solar Power in Portugal, Spain and Italy
Tayan Energy, a joint venture between Shanghai Electric and Eland Private Equity, is launching more than 1 gigawatt (GW) in solar power projects in Spain, Portugal and Italy, worth 700 million euros.
31 May 2020

China´s Trade With Brazil, Cabo Verde and Timor Leste Resists Pandemic
Chinese trade with Brazil resisted the Covid-19 pandemic in the first quarter of the year and even rose in the cases of Cabo Verde and Timor Leste. However, exchanges with the remaining Portuguese-Speaking Countries (PSC) did not resist the pandemic.
25 May 2020

Huawei Fusion Solar Brings 5G Energy Technology to Portugal

 

Huawei Fusion Solar, active in 170 countries is operating since December 2019 in Portugal, where large photovoltaic parks are now starting. Integrating new technologies, including 5G, into the renewable energy production, it aims to become one of the more relevant players in the sector.

 

Bruno

21 May 2020

Huawei, ETSI, Altice Portugal and China BDA launch initiative toward F5G
Huawei, the European Telecommunications Standards Institute (ETSI), Altice Portugal and China Broadband Development Alliance jointly launched the fifth-generation fixed network (F5G) industry initiative on Tuesday, a move an expert said will isolate US companies.
20 May 2020

Portugal´s EuroAtlantic Airline Ensures Supply to Angola of Chinese Medical Gear
Transport of medical equipment from Wenzhou and Changsha, China, to Angola is being ensured by EuroAtlantic airways (EAA) from Portugal, at the service of Angola´s Bestfly. Irregularities in a first flight between China and Angola operated by Ethiopian Airlines led the Government to look for alternatives in supplies during the Coronavirus pandemic.
19 May 2020

Africa´s Debt Load Forces Negotiations, With China at the Center
China is Africa’s largest bilateral creditor, having given these countries estimated loans worth $152 billion between 2000 and 2018. With the economic crisis in countries like Angola or Mozambique generating debt repayment difficulties, negotiations are underway, with the engagement of China and private lenders.
15 May 2020

Portugal´s EDP pays China Three Gorges EUR 150 million in dividends
EDP, Portugal´s larget utility, is paying since Thursday EUR 695 million in dividends to its shareholders. A a fifth of the total, around EUR 150 million, will go to China Three Gorges (CTG), the largest shareholder, according to EDP.
15 May 2020

Chinese financial group KWG drops out of deal to buy Angola´s BNI european branch
Chinese financial group KWG dropped out of a deal to buy the majority of the capital of Portugal-based BNI Europa, from Angolan bank BNI, led by banker Mário Palhares. According to BNI, KWG justified its decision with the context of uncertainty, caused by the covid-19 pandemic.
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