Economic and Business Information

2014-12-18

Macao’s role as economic platform growing: Ministry of Commerce

Beijing has praised Macao’s growing influence as a platform between China and Portuguese-speaking Countries, pledging support for the territory to further improve such role.

2014-12-18

Confidence in Portugal’s real estate market rising: survey

Confidence in the Portuguese real estate market has now been positive for the past year and sales are rising, according to new data.

2014-12-17

Financing programme for Brazilian exports to include Angola

Brazilian businesses planning to invest in Angola can benefit from Brazil’s Export Financing Programme (Proex) starting from 2015, said the president of the Brazil-Angola Chamber of Commerce, Simão Grilo dos Santos.

2014-12-17

Mozambique’s central bank keeps key interest rates unchanged

The Monetary Policy Committee of the Bank of Mozambique has announced that the central bank’s key interest rates will remain unchanged for the rest of the year.

2014-12-17

ECOWAS to launch common tariff in January

Members of the Economic Community of West African States (ECOWAS) are set to launch the regional Common External Tariff (CET) on January 1. The new tariff will apply to Cape Verde and Guinea-Bissau, members of ECOWAS.

2014-12-16

Number of new firms in China surges after Beijing cuts red tape

The number of new enterprises registered in China has surged by more than half in the calendar year to October 31 after the streamlining of the approval process, the Chinese Government says.

2014-12-16

Sonangol gets US$2 bln credit line from China Development Bank

The China Development Bank (CDB) will provide a new US$2 billion credit line to Angola’s state oil company Sonangol. The agreement was signed last week in Luanda, reports Angola’s news agency Angop.

2014-12-16

Guinea-Bissau wants to boost cashew exports

The Government of Guinea-Bissau wants cashew exports to increase from 150,000 to 200,000 tonnes per year, said the country’s Minister of Commerce Serifo Embaló.

2014-12-15

Angola to seek financing to execute 2015’s budget

Angola’s State Budget for 2015, approved last week by the country’s parliament, outlines a deficit of 1.03 billion kwanza (US$10.1 million). The Government said the shortfall is to be covered by financing from domestic and international credit lines.

2014-12-15

China-Macao trade up 3.7 pct year-on-year in Jan-Nov

Trade between Mainland China and Macao increased by 3.7 percent year-on-year in the first 11 months of 2014, faster than the overall growth of China’s external trade, official news agency China News Service reports.

2014-12-15

China to set up three more free trade zones

China has approved the establishment of three more free trade zones (FTZ), including one in Guangdong Province, following the lead of Shanghai.

2014-12-12

China’s November fiscal spending rebounds

China’s fiscal spending in November ticked up as local governments rushed to splurge the budget money allocated for this year to spur the economy, according to the Ministry of Finance.