Thursday, 25 May 2017
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maltaMalta, a fiscal paradise for the Italian mafia, Russian loan sharks, the Turkish elite and 423 Portuguese national who have taken full advantage of the local tax system in this 'pirate base.'

After the Panama Papers, we have the Malta Files which show who is behind around 50,000 companies registered in an island within the EU but that fails to meet fraud prevention requirements, thus actively encouraging those wishing to evade tax.

counterfeitA couple has been accused of selling counterfeit clothing and footwear while receiving €40,000 in state handouts over five years.

The pair of market traders also paid in €1.7 million into three bank accounts while duping social security staff that they were penniless.

seasA boy simply disappeared today, Sunday May 21st, at around 16:30 in the sea off the beach of São Torpes, in the Alentejo area of Sines.

The commander of the Maritime Police and the Sines Port Captain, Manuel Sá Coutinho, explained that the boy, who "is between 10 and 12-years-old," was in the water at the beach with his father. The father went back to the beach and after a few minutes no longer could see his son.

lagostowersReal estate developers in Portugal are being courted by German and Dutch banks, attracted by the property market boom and the healthy interest rates they can charge.

many European banks now are offering financing for projects in Portugal that have not got off the drawing board, or are stalled, due to the unavailability of finance from Portuguese lenders.

algarsecoA body was found in the ​​Algar Seco area of Carvoeiro on Saturday morning, May 20th. The grim discovery was made at around 10:30am and the authorities were alerted .

No identification was found on the body of the man who was wearing sports clothing and was estimated to have been about 30-year-old.

6242So keen is the current government to continue it generous tax give-away to already wealthy foreigners, the woman with the most boring job title in politics has announced new Golden Visa regulations to make it cheaper for non-Europeans to get a foothold in the Shengen area, but at a greater risk.

The Minister for Internal Administration, Constança Urbano de Sousa, unveiled the new application routes for 'Golden Visas' applicants, including a new category that invites investors to put their money into companies that have gone bust but successfully applied to the courts under Portugal's 'revitilisation' laws.

galpLogoCoinciding with yesterday's (carefully planted) announcement in Correio da Mahnã that Portugal’s Galp Energia had suspended its oil exploration ambitions off the Costa Vicentina, (Click here) the company’s Lisbon headquarters has been invaded by fish, crabs and molluscs.

Activists from the EZLN, (Zoological Army for the Freedom of Nature), dressed in suitably maritime costumes, invaded the oil company’s office in protest against the exploration for oil and gas off Portugal’s coastline.

vrsa2The Pestana hotels group is to invest €3 million in a new Pousada in the historic centre of Vila Real de Santo António, on the Algarve border with Spain.

The project will be the 17th Pestana hotel in the Algarve and the fourth of the Pousadas de Portugal brand in the region.