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02 August 2022
Profits drop 11% at EDP, rise 85% at EDP Renewables in first semester
EDP – Energias de Portugal, whose biggest shareholder is China Three Gorges, posted a net profit of EUR 306 million in the first half of 2022, a decrease of 11% compared to the same period last year.
01 August 2022
First train for Porto metro project rolls off production line in China
The first subway train developed by CRRC Tangshan, one of China’s major high-speed train manufacturers, rolled off the production line last week and will be tested in the city of Tangshan, Hebei province.
28 July 2022
EDP to sell USD 500 million hydroelectric project in Peru to China Three Gorges
EDP is set to sell its 50% stake in the San Gaban III hydroelectric project, in Peru, to its largest shareholder China Three Gorges (CTG).
25 July 2022
Angola to earn USD 2 billion from Lobito corridor concession to Mota-Engil
The Angolan state will earn over USD 2 billion with the concession of Lobito corridor to Portuguese infrastructure group Mota-Engil, partly owned by China’s CCCC.
19 July 2022
China´s Binance hiring in Portugal while awaiting central bank approval
China´s Binance, the world’s largest cryptocurrency broker, is in a recruitment process to start operations in the Portuguese market.
19 July 2022
Appeal Court in Portugal upholds Haitong fine
The Lisbon Court of Appeal confirmed a fine of EUR 400,000 for Haitong Bank, formerly Banco Espírito Santo International (BESI), in connection with the sale of ESI and Rioforte commercial paper in Espirito Santo banks in Portugal.
19 July 2022
Capital Airlines to connect Portugal and China through Hangzhou
China´s Capital Airlines will start connecting Portugal and China through the city of Hangzhou, the capital of Zhejiang province.
18 July 2022
Portugal to receive EUR 23 billion from EU to attract investment
Portugal is set to receive European Union funds worth EUR 23 billion, aimed at attracting investment to the country.
15 July 2022
Portugal´s Madeira region and China seek to boost future investments
The Autonomous Region of Madeira (RAAM), in Portugal, is seeking to boost future investments and trade with China, and a business mission is being set for next year.
14 July 2022
No divestment in Portugal foreseen, Fosun chairman says
Fosun chairman Guo Guangchang says “no divestment is foreseen in Portugal”, where the company owns multiple assets, including in banking and insurance.
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