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Castro Marim Council approves its first city-centre hotel

castromarimviewCastro Marim council and local businesses have found it hard fully to benefit from the growth in tourism as there is no hotel in the historic city.

This situation is being resolved with the mayor, Francisco Amaral, praising the, "de-bureaucratisation of the licensing processes and the stimulation of private initiative which have promoted the appearance of new investments."

Forum Algarve stabbing - well-known local criminal arrested

ForumStabbingThe man caught on video stabbing another at the Algarve Forum in Faro was arrested this Tuesday by the Portuguese Security Police.

António Damião is suspected of attempted manslaughter and of making threats. The attack occurred almost two weeks ago but the paperwork took a while to come through to the PSP, even though the attacker is well known to the local forces of law and order.

British and Portuguese gang members arrested for Algarve vehicle thefts

motorcaravan1Three British and two Portuguese men have been arrested on suspicion of stealing around 40 rental cars and motor homes in the Faro area.

According to the Public Prosecutor's Office, who ordered the Monday arrests in Tavira and Olhão, the gang is responsible for the additional theft of electric scooters, bicycles and other objects the cash value of which has yet to be confirmed but is estimated to be in the hundreds of thousands of euros bracket.

Novo Banco owes the ECB €6.5 billion

novobancoshinylogoThe day of reckoning is soon to arrive for Novo Banco, the US owned bank that has its losses covered by the Portuguese taxpayer in a deal thought by the Bank of Portugal’s president as perfectly acceptable.

Novo Banco owes the European Central Bank €6.5 billion and, unlike Caixa Geral de Depósitos, has not repaid any of the loan before its due date and certainly does not have the money to settle the bill.

President Xi to sign 19 agreements during State visit to Portugal

President Xi to sign 19 agreements during State visit to PortugalIt’s official, Chinese president Xi Jinping is to sign 19 agreements when he visits Portugal tomorrow (Dec 4th).

No matter how many warning bells may be ringing elsewhere (click here), Portugal will be rolling out the red carpet when the Chinese delegation arrives.

It's a record - Portugal's borrowings top €250 billion

euromillions2The government skirts around the subject, the PM assures us all is on track and the Finance Minister predicts reductions - but the fact is that Portugal’s public debt has attained an all time high.

According to data released today by the Bank of Portugal, the nation’s debt at the end of October stood at an astonishing €251.1 billion, 124.6% of GDP in a country of just over 10 million people.

State hands responsibility for beaches to local Councils

beachpenecoalbufeiraAs part of the government’s list of things to devolve to the nation’s local Councils, Portugal’s beaches soon will run by municipalities.

The transfer of beach management was detailed in Diário da República last Wednesday and from January 1, 2019, municipalities will be responsible for sea, river and lakeside beaches which at the moment are covered by a plethora of authorities.  

Portugal – officially the 'Best Destination in the World'

conradpressrelease2The Grand Finale of the 25th edition of the World Travel Awards was held in Lisbon on Saturday night, at which the Secretary of State for Tourism, Ana Mendes Godinho, accepted the prize for Portugal being voted the Best Destination in the World.

Lisbon won awards for Best Destination City and Best Destination City Break in the world and Portugal’s national tourist board, for the second year running was voted the Best Official Tourism Organisation in the World, with  visitportugal.com once again voted the World's Leading Tourism Authority Web site.