British company says there is oil in Portugal

The deposits were using technology that detects natural resources by satellite and are expected to contain at least 1 billion barrels of oil, and another 30 percent more natural gas. The

Portugal’s financial sector arouses China’s interest

Chinese companies are now positioning themselves to acquire the main assets of the beleaguered Espirito Santo group, a part of the Portuguese banking system for over a century, with arms

Portugal | Gov’t announces sale of 66 pct of state airline TAP

The Secretary of State for Transport, Sérgio Monteiro, said after the meeting that as well as the airline all the group’s assets would be sold, including, for example, the maintenance

Energias de Portugal sells Brazil assets to China Three Gorges

Portuguese power company EDP – Energias de Portugal has sold half of the 66.67 percent stake held in Brazilian power company Empresa Energia São Manoel (São Manoel) to the subsidiary

Portugal | Corporate taxes reduced to attract foreign investment

Portugal’s proposed State Budget for 2015 includes a reduction of two percentage points on corporate tax – to 21 percent – in an effort to attract foreign investment, according to

Portugal | Foreigners invest 1b euros to receive golden visas

A statement issued Thursday by the office of the Minister of State and Foreign Affairs, said the government had made “a very positive assessment of the program,” launched on 8

Chinese are the foreigners who spend most in Lisbon

The Chinese are the foreigners from outside the European Union who spend most in Lisbon’s retail stores, beating Brazilians and above all Angolans, who for many years were the main

Portugal’s investment in Lusophone coutries falls 78 pct in 2013

Portugal’s direct investment in Portuguese-speaking African Countries (PALOP) and Timor-Leste (East Timor) fell 78 percent in 2013, according to figures released this week by the Bank of Portugal in Lisbon. The

China’s Fosun Int’l joins race to buy Portuguese healthcare firm ES Saude

In a statement filed with the Hong Kong Stock Exchange, the Chinese company said it it was offering 4.72 euros per share of ES Saude, a company that manages hospitals,

Philosophy | Portugal painted dark by a philosopher

Ten years after he published the acclaimed “Portugal, Hoje: O Medo de Existir” (Portugal Today: The Fear of Existence), philosopher José Gil was in Macau earlier this week to talk

Portugal announces creation of development bank

Portugal’s new development bank, Instituição Financeira do Desenvolvimento (Financial Development Institution – IFD), is due to start operating this year with starting capital of 100 million euros, the Portuguese government said

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