Economic and Business Information

2017-12-18

Angolan govt forecasts economy will grow 4.9 pct in 2018

The government of Angola has told parliament that it expects the economy to grow by 4.9 percent next year, Reuters reports.

2017-12-15

Joint effort to lure Chinese tourists to Portuguese, Spanish regions

The tourism promotion agencies of Extremadura in Spain and the Central and Alentejo regions of Portugal will a jointly advertise the attractions of each place at tourism fairs abroad, including the next ITB China, to be held in Shanghai in May, Notícias de Coimbra reports.

2017-12-15

Dealers expect China to propel 2018 growth in Brazilian beef exports

The Brazilian association of meat exporters forecasts that the volume of exports of Brazilian beef will grow by about 10 percent to 1.68 million tonnes next year, driven by sales in the Chinese and US markets, Reuters reports.

2017-12-15

China UnionPay bank cards now accepted in Mozambique

The international arm of China UnionPay has launched a service that allows holders of its bank cards to make transactions in Mozambique, Xinhua reports.

2017-12-14

Brazilian retail sales drop unexpectedly in October

Official figures indicate that retail sales in Brazil were 2.5 percent higher in October than a year earlier but 0.9 percent lower than the month before, Reuters reports.

2017-12-14

Mozambican PM bets on 5.3 pct GDP growth in 2018

Prime Minister Carlos Agostinho do Rosário has expressed confidence that Mozambican gross domestic product will expand by 5.3 percent next year, in spite of economic difficulties, AIM reports.

2017-12-14

Chinese footballers play to Portuguese rhythm

Three of the football clubs playing in the Super League in China in the new season will be coached by Portuguese, Diário de Notícias reports.

2017-12-13

Mayor of Lisbon hails strength of Sino-Portuguese relations

Mayor of Lisbon Fernando Medina has said relations between Portugal and China are strong and growing in importance as the years go by, the People’s Daily reports.

2017-12-13

UN report tips Guinea-Bissau GDP to expand 5.4 pct in 2017

A UN report predicts that the Guinea-Bissau economy will grow by 5.4 percent this year, making it the fastest-growing economy in the Portuguese-speaking world.

2017-12-13

Chinese company bags contract to build East Timor harbour

French transport company Bolloré will give China Harbour Engineering Co. Ltd the contract to build the Tibar harbour in East Timor, Lusa reports.

2017-12-12

China to give US$45.3 mln more for new airport in Mozambique

China has agreed to give Mozambique another US$45.3 million to build Xai-Xai airport in the province of Gaza, Jornal Noticias reports.

2017-12-12

CITIC Agri Fund sees Brazil as driver of its global strategy

CITIC Agri Fund, which is controlled by Chinese conglomerate CITIC Ltd, sees Brazil as a driver for its global strategy in agriculture, Bloomberg reports.