Thursday, 25 May 2017
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eurozoneThe Public Prosecutor's Office in Faro is pursuing a case against a local lawyer who is suspected of ripping off two South Africans.
 
According to today’s statement from the Public Ministry, there are suspicions that in 2015 and 2016 the lawyer tricked his two South African clients, telling them that he has reached agreements with the taxman and Social Security office over monies owned.

leroymerlinEngineering and construction group DST is building a new store for Leroy Merlin in a joint venture that enables the French company to double its number of outlets in the Algarve.

The new site in Loulé will be turned into the largest Leroy Merlin in the region with the construction of the store, on just under a hectare of land,  due to be completed in October 2017.

albufeira2An Irish holidaymaker was found dead in his Albufeira apartment this morning, Monday May 22nd.

The local Judicial Police are investigating the death of Daryl Dargan, aged 30, but it is not known if it is considered suspicious.

novobancoshinylogoLame duck, Novo Banco, lost €10 million a week in the first quarter of 2017 but is proud to announce this was 47.5% less than it lost over the same period in 2016.

What it’s directorate calls a ‘recovery with reduced costs and the decrease of provisions and compensation,’ to many will be a familiar scenario of acute fiscal hemorrhage resulting in €131 million in red ink accumulated between January and the end of March.

euPortugal's budget deficit fell below 2% last year so European Commission has announced the country is a poster boy for its austerity policies and has recommended that it is allowed to exit the EC excessive debt procedure.

After its 2011 bailout, Portugal suffered harsh austerity policies under the Passos Coelho government which was kicked out in 2015, to be replaced by a milder form of austerity under the Socialist Party leader, António Costa.

nuclearPortugal's Green party has put forward a motion that the government formally requests the Spanish government to decommission the Almaraz nuclear power station that lies just100kms over the border.

The motion has been accepted and parliament will vote on the matter, despite two ministers stating last week to a committee of inquiry that Portugal can not interfere in Spain’s domestic nuclear power plans.

rebelodesousaThe President of the Republic of Portugal, no less, is to visit the settlement of Hangares on the Ria Formosa island of Culatra.

Marcelo Rebelo de Sousa (pictured left) has agreed to visit the cluster of houses to commemorate the 100th anniversary of the creation of the settlement that recently has been one of the focal points of the State's demolition programme for Ria formosa island properties.

aquaA Moldavian worker died on Monday, May 22nd, at the Aqua Portimão Shopping Centre following a fall.

According to the authorities, the accident occurred at 2 pm today in the waste collection area.