LISBON (Reuters) – Investment in Portugal’s export-oriented sectors doubled last year to hit a record high, underlining the country’s fast shift up the economic value chain, the head of the state agency for promotion of exports and investment said. The record money flowing into Portugal’s export-oriented industrial, services and technology sectors represents a big shift […]
With the U.S. and European Union increasingly concerned about the weight of money pouring in from China, Portugal’s reaction to a $11 billion deal stands out. Prime Minister Antonio Costa had no objection when China’s biggest renewable energy developer offered to buy out the rest of the former state-owned utility, EDP-Energias de Portugal SA. It was […]
Millennium BCP said its profits jumped by 71 per cent in the first quarter from the same period last year in an increasingly entrenched post-crisis recovery for Portugal’s largest listed bank. Nuno Amado, chief executive, said a reduction in impairments and provisions had “decisively influenced” an increase in net incomes. BCP reduced non-performing exposures by […]
After a lifetime of long Swedish winters and hefty tax bills, Dan Wikstrom’s dream of a comfortable retirement in the sun has come true. Not in a Caribbean tax haven, but in Portugal, a far more convenient four-hour flight away. The 63-year-old former executive is among a growing number of northern Europeans lured south by […]
Portugal Finance Minister Mario Centeno says the country is now in an “inclusive growth chapter.” He spoke Friday from the IMF spring meetings in Washington, D.C. on “Bloomberg Surveillance.” (Source: Bloomberg)
Portuguese bank Banco BPI is preparing a public offer to sell its 48.1% stake in the share capital of Banco de Fomento Angola (BFA), the bank’s chief executive said as he presented the bank’s results for the first quarter of 2018.