Sunday, 25 June 2017
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imfPortugal’s planned €10 billion payment to the IMF shows that the financial rescue of the country has been a "success story," according to German Finance Minister, Wolfgang Schauble.

"I sent the request from Portugal to the German parliament, which has to approve it, but I am sure there will be no problem. This shows that the assistance programme for Portugal is a success story," Schauble said on the way to today's meeting of euro-zone finance ministers.

airbusA Luxembourg travel agency boss who ripped-off hundreds of customers who bought return flights to Portugal has avoided jail, has to pay back €45,000 and has been fined €5,000.

The Luxembourg court heard that the travel agent cheated Portuguese immigrants with the promise of 'cheap flights to Portugal.'

caixageralWhile Portugal's MPs try and uncover the documents and files needed to see exactly what did go on at the State-owned bank Caixa Geral de Depósitos, the new management is pushing ahead with cost savings by closing branches and shedding staff.

A voluntary terminations programme has been added to the existing early retirement package to speed up the reduction in staff numbers which is going well, albeit at significant cost.

airplane2A TAP flight, with 100 or more passengers on board, narrowly missed a drone on Wednesday evening as it was coming in to land at Lisbon’s Humberto Delgado airport.

The near collision was at 700 metres above the ground on a flight path taking the Airbus over the 25th April Bridge.

barclays2Barclays bank has raised its growth estimate for Portugal, now predicting 2.9% growth in 2017, and has praised the resilience of the Portuguese government, the implementation of reforms and the recapitalisation of the banking sector.

In an analysis titled "Portugal's Got Talent," the British bank praises the performance of António Costa's policy of restraint and his implementation of reforms which has allowed the country to grow at a good pace.

tapAtlantic Gateway, the company set up by Humberto Pedrosa and David Neeleman to mount a (successful) bid for TAP, stated today that the newly announced directors for the State’s six boardroom seats, will be able to contribute to the airline’s development.

Atlantic Gateway claims to be "certain" that the new board of directors of TAP, to be confirmed on December 30th, will have "the necessary skills" and clarified that it’s up to the Gateway consortium to appoint the company's executive management.

TowerFireA Portuguese musician who lived in the London tower block that caught fire last night, June 13th, is thankful to be alive, but lost all his possessions: ""We lost everything, everyone lost their belongings, lives were lost, many lives, especially on the upper floors," said Francisco Ramos, a 20-year-old from Madeira.

Ramos is studying at the Royal Academy of Music and comes from Funchal. He lived on the 13th floor of Grenfell Tower in Latimer Road, west London, where he shared an apartment with another Portuguese national.

albufeirabeachThe head of Portugal’s lifeguards association, Alexandre Tadeia, says a system for year-round beach watching by trained lifeguards needs to be put in place to reduce the number of deaths in the off-season -  and the beach concession holders association chief, João Correia, agrees.

On the eve of the official start to the bathing season, on Thursday June 15th, the remaining 30% of Portuguese beaches that do not yet have coverage will have lifeguards as from tomorrow morning.