Portugal

07 March 2024

Taiwan Cement To Continue “Global Expansion Strategy” With Acquisition of Portugal´s Cimpor

Taiwan Cement Corporation (TCC) is set to continue its "global expansion strategy" after the acquisition of Portugal´s Cimpor.

06 March 2024

Chinese Huaguang Advanced Welding Evaluates Investment in Portugal

Hangzhou Huaguang Advanced Welding Materials is negotiating an investment in Portugal, the municipality of Covilhã revealed.

05 March 2024

China Tops Planned Investments in Portugal Thanks to CALB

Portugal secured 14 new foreign investments in industrial projects financed last year, planning to create 3555 jobs in the country, the largest of all being the China´s CALB battery factory for automobiles.

03 March 2024

EDP´s Profit Up 40% in 2023 Helped by Brazilian Earnings

Portugal’s largest utility EDP, whose major shareholder is China Three Gorges, reported a 40% jump in 2023 net profit, driven by higher hydroelectric production and more earnings from its Brazilian business.

EDP-Energias de Portugal netted EUR 950 million, while its wind and solar unit

01 March 2024

EDP Renewables Secures Largest Solar Power Public Tender in Singapore

EDP Renewables, whose parent company EDP has China Three Gorges as its largest shareholder, was awarded Phase 8 of the SolarNova program, a Singapore public tender to select a developer of distributed solar energy.

27 February 2024

Millennium BCP Bank to Pay EUR 250 million to Shareholders Including Fosun

Millennium BCP, Portugal´s biggest private bank, will pay its shareholders, including China´s Fosun, dividends worth EUR 250 million on last year´s results.

23 February 2024

FDI Stock in Portugal Increases by 6.2 percent in 2023 to EUR 180.4 billion

The stock of Foreign Direct Investment (FDI) in Portugal recorded an increase of 6.2 percent at the end of December 2023 compared with the same period of the previous year, reaching 180.4 billion euros.

21 February 2024

Portugal Wants Japan in its Top-20 Export Markets

Portugal wants Jpan in its top-20 export markets, after selling 385 million euros of goods to the Japanese market last year, an increase of 54.7% compared to 2022, according to the Portuguese embassy in Tokyo.

15 February 2024

Prototype of First Mondego Mobility System Bus Ready to be Shipped From China

The prototype of the first bus of the Mondego Mobility System [SMM] is ready to be shipped from China, where the fleet is being produced, to Portugal, Metro Mondego revealed.

11 February 2024

Xi, Portuguese President Celebrate 45th Anniversary of Ties

Chinese President Xi Jinping on Thursday said that China and Portugal have upheld the idea of mutual respect, openness and inclusiveness since their diplomatic ties were established 45 years ago.