Sunday, 26 April 2015
A- A A+

riaformosaLoulé's Administrative and Fiscal Court this afternoon suspended the demolition process for 137 houses on the island of Farol in the Algarve’s Ria Formosa whose owners had been told to push off today or face being charged for the destruction of their properties.
 
Polis Litoral Ria Formosa had scheduled the next raft of demolitions for the 27th of April and the 6th of May but now are unable to proceed due to the court's decision which was taken after a detailed analysis of the petitions submitted by the island property owners.

vampiresquidThe much feared Vampire Squid of legend, Goldman Sachs, is trying to ensure that claims by its Oak Finance investment vehicle in a Portuguese court remain on hold for the time being.

This is at least until a London court decides on whether the $835 million loan (€770 million) made to BES in 2014 is the responsibility of Novo Banco or of the ‘bad bank’ BES.

demolishPortugal’s Environment Minister, Jorge Moreira da Silva, assured anyone who would listen that no luxury tourism construction projects are in place for when the Algarve’s Ria Formosa islands have been cleared of houses.
 
Moreira da Silva reiterated that the process to demolish these properties was approved over ten years ago but gave no sensible reason why the work had not been done, with the Polis Ria Formosa society needing an extra year even to start the process.

canaryislandsThe Spanish authorities are working in overdrive to try to contain the thick fuel oil which is coming in on the waves to Gran Canaria.

So far, more than 120 kg has been scraped off several beaches on the tourist island, but the leak continues.

pretamangerBritain’s popular and profitable sandwich chain, Pret a Manger, is planning to add eight to its existing 11 outlets in Paris and to open a further eight in the US as well as its first in Shanghai.

The company is on a roll, capitalising on a trend of eating ‘on the go’ which has lead to a 16% increase in sales to £594m, with profits around £76m.

amazonAmazon has seen its sales increase in North America, its largest market.

Amazon's North American sales went up by 24% to $13.4bn (£8.9bn) in the first three months of this year, the company said.

portimaoaerodromeCompanies have been invited to submit tenders for the controversial air service between Bragança and Portimão.

The new route will serve Vila Real, Viseu and Cascais from bases in the north and in the Algarve at the municipal aerodrome at Portimão with a submission deadline of May 27th for a July 1st start, the June deadline having been scrapped.

ria formosa2Olhão council is lodging an injunction to suspend demolitions of properties on the Ria Formosa islands as the destruction of houses may soon be considered illegal by the courts.

Olhão council also is one of the members of Polis, the agency which is organising the eradication of what it considers illegal homes to make the island prettier on spurious environmental grounds.