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Portugal’s non-financial sector ends 2016 with debt of 715.8 billion euros

The non-financial sector in Portugal was 715.8 billion euros in debt at the end of 2016, of which 308.4 billion were attributed to the public sector and 407.5 billion to the private sector, the Bank of Portugal said in a statement.

The Portuguese central bank also reported that, compared to the end of 2015, the indebtedness of the non-financial sector increased by More

Macau, focus of opportunities between China, Portugal and the Portuguese-speaking Countries

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Macau is fit to become a focal point for triangular cooperation between China and Portugal and the Portuguese-speaking countries, on which the Portuguese and Chinese authorities have said they are focused.

At the “Macau – A bridge in the economic relationship between China and Portuguese Speaking Countries” conference held on Tuesday in Lisbon, Nie Quan, the Chinese Embassy political attache in Lisbon, said that economic cooperation, one of the “five pillars” of the” bridge” of yjr Special Administrative Region, “is no longer limited to bilateral issues,” and is launching, “trilateral projects.” More

China is largest foreign market for Portuguese beer maker Unicer in 2016

China replaced Angola as the main export market for Portuguese beer making company Unicer Bebidas de Portugal in 2016, said the CEO of the company speaking to Portuguese newspaper Público.

After in 2014 Unicer exported products worth 60 million euros to Angola, the market fell to a “residual value” in 2016, the year China ranked first in the list of the company’s More

Bank of Portugal negotiates sale of Novo Banco with Lone Star Funds

The Bank of Portugal has chosen US company Lone Star Funds on an exclusive basis for the final phase of the negotiations to define the terms of sale of the Resolution Fund’s stake in Novo Banco, the central bank said in a statement.

In the running to buy Novo Banco, the bank that inherited the quality assets of the bankrupt Banco Espírito More

Portugal negotiates with Angola strengthening of a credit line to 1.5 billion euros

Portugal is negotiating with Angola to increase the amount of a credit line to 1.5 billion euros, said the president of credit insurance company Companhia de Seguros de Crédito (Cosec) in a joint interview with radio station Antena 1 and financial newspaper Jornal de Negócios.

Miguel Gomes da Costa stressed that the credit line was unused, given that Angola had more interesting More

Increased opportunities available in Portugal-Macau-Portuguese Countries cooperation

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The two- or three-way relationship between China and the Portuguese-speaking countries will be in focus on 21 February, at an international conference due to be held in Lisbon where Macau’s role as a contact platform will be a central theme.

The conference called, “Macau, a bridge in the China-Portuguese-speaking Countries economic relationship,” for which the Macauhub news agency is media partner, will enhance the role of Forum Macau, which is considered by a number of players in relations between China, Portugal and Portuguese-speaking countries as an opportunity for businesses, particularly to fund projects. More