LISBON, Aug. 4 (Xinhua) -- The Portuguese government on Tuesday welcomed the approval by the European Commission (EC) of the creation of the new Portuguese Development Bank (BPF), local media reported.
"It is good news for Portugal and for Portuguese companies," Economy Minister Pedro Siza Vieira told the Portuguese news agency Lusa, recalling that the BPF will mainly serve projects that are currently not served by the conventional financing market.
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