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€150 million Credit Fund helps Algarve companies face Thomas Cook bankruptcy

thomas cook fundPortugal Tourism has launched a €150 million credit fund for tourism businesses affected by the bankruptcy of tour operator Thomas Cook, in order to address damages caused to these companies as collateral of the collapse.

Former Portuguese Defence minister to face trial over weapons theft cover-up

defence minister corruptPortugal’s former Defence Minister Jose Azeredo Lopes will face trial over his alleged role in a suspected army cover-up of a theft of weapons from a Portuguese military base more than two years ago, the public prosecutor’s office revealed on Thursday.

"The environment is priceless. I want the world I deserve,” say climate strikers across the country

climate strike fridayThis Friday, thousands of Portuguese protesters took to the streets in 30 cities to demand action against climate change. In Lisbon, from Cais do Sodré to Rossio, more than ten thousand people paraded at the closing of the Global Climate Week.

Precautionary measures delay Praia de Faro campsite renovations even further

campsite delaysConstruction work to improve the campsite in Praia de Faro is no longer expected to start on 1st of October, as planned, due to a Providence Provision that was presented by the Praia de Faro Camping Users and Friends Association (AUAPCPF), who have disturbed the renovation process for over a year now.

Foreigners spend an average of 171,000 euros to buy a Portuguese home - 58% more than the Portuguese

foreign moneyThe weight of foreign investment in the national real estate market is increasing. Non-resident citizens are not only buying more houses, but paying more for them too.

“Jesus Christ!”- Stunned British pensioners jailed for smuggling 2 million euros of cocaine on Caribbean cruise

pensioners smugglersAn elderly British pensioner moaned "Jesus Christ" as he was jailed along with his wife for smuggling 2 million euros of cocaine on a luxury cruise.

Olhão moves forward with new Animal Collection Centre plans

olhao animal collectionAfter completing the required architectural project, the contract for the preparation of the Olhão Animal Collection Centre, a fundamental tool for animal welfare in the county, was signed this Thursday, September 26th.

Kronos invests 250 million in new Palmares- Ocean Living and Golf Project

palmares projectThe project foresees an investment of 250 million euros made by Kronos Homes. The new Palmares-Ocean Living and Golf will have 460 properties for sale, 103 villas, 357 apartments and two five star hotels.