Portugal

13 April 2022

Portuguese State Bank Caixa Geral de Depósitos Committed to Angolan Market

The Portuguese state banking group Caixa Geral de Depósitos (CGD) will continue supporting infrastructure construction projects in Angola, its CEO Paulo Macedo said in Luanda.

11 April 2022

China willling to enhance trade and investment liberalisation with Portuguese-speaking Countries

China is willling to further enhance trade and investment liberalisation and facilitation with Portuguese-speaking Countries, as well as to improve collaboration in advancing infrastructure connectivity, industrial capacity, energy conservation, and environmental protection, Premier Li Keqiang said.

11 April 2022

China Railway Engineering Equipment Group Co. delivers tunnel boring machine to Portugal

China Railway Engineering Equipment Group Co. (CREEG) has deliverd a tunnel boring machine (TBM) to Portugal, in what will be the first import of this kind of machinery by the European country from China.

06 April 2022

EDP to invest EUR 100 million in climate change and energy transition startups

EDP Energias de Portugal, that has as main shareholder China Three Gorges (CTG), will invest 100 million euros until 2025 in startups innovating in the fields of climate change and energy transition.

05 April 2022

China and Portugal “writing new chapter in their traditional friendship”

China and Portugal are "writing new chapter in their traditional friendship", Chinese Premier Li Keqiang said in a congratulations message to counterpart Antonio Costa on his reelection as Portuguese prime minister.

04 April 2022

Portugal’s post-pandemic economic recovery plan to “strengthen China-Portugal economic ties”

Portugal's Recovery and Resilience Plan (PRR), worth EUR 16.6 billion (USD 18.5 billion), will strengthen economic ties between China and Portugal, the Chinese Ambassador in Lisbon, Zhao Bentang, said.

31 March 2022

China was largest non-european investor in Portugal in 2021

China was the fifth largest investor in Portugal in 2021, and the largest non-european one, using various investment platforms, such as Luxembourg and Hong Kong, according to official data.

30 March 2022

Foreigners invested EUR 7.3 billion in housing in Portugal between 2019-2021

Almost 25,000 homes were sold in Portugal to foreigners between 2019 and 2021, totaling EUR 7.3 billion, according to official data.

According to data from the National Institute of Statistics (INE), the Algarve (pictured above) was the region most sought after by buyers with tax domicile outside

28 March 2022

Macao banks prepare alliance with Portuguese-speaking banks

The Macau Association of Banks (ABM) wants to create an alliance with Portuguese-speaking banks to "improve Macao's links with China and Portuguese-speaking countries".

28 March 2022

REN profit drops 11.1% in 2021 due to lower EBITDA and higher taxes

REN – Redes Energéticas Nacionais’, whose biggest shareholder is China State Grid, saw profits fall 11.1% in 2021 compared to the previous year, to EUR 97.2 million.