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China
05 August 2022
Portugal realtors lure Chinese investors with serviced appartments and real estate funds
Realtors in Portugal are luring foreign investors, namely Chinese, to the golden visa program using serviced appartments and real estate funds to circumvent new restrictions in the main cities.
China
02 August 2022
Portuguese Ambassador to China bids farewell
José Augusto Duarte, Portuguese Ambassador to China for the past four years, is leaving his post.
Brazil
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.
China
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.
China
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).
Angola
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.
China
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.
China
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.
China
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.
European Union
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.
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