Novo Banco is sells a real estate portfolio via Anchorage Capital Group, L.L.C., a US investment advisor.
The sale will yield €390 million for the bank, from properties with a book value of €716 million, according to a statement sent to the Securities and Exchange Commission.
A dramatic rescue by helicopter was needed today after a man became stranded on a rock at Vale dos Homens beach in Rogil, Aljezur.
The Portuguese Air Force helicopter was called up as a sea rescue was too dangerous with swelling seas and a rising tide and land approach also was deemed too dangerous.
The 9th Sagres Bird Festival was deemed a success with around 1,160 visitors, including from as far away as São Tomé and Príncipe, Surinam, India, New Zealand, Vietnam, Senegal, Colombia and Canada as well as 35 other countries.
The four-day festival took place at various points around Sagres, including Cabo de São Vicente, the fort at Beliche, the Sagres Fortress, Cabranosa and Monte das Esparregueiras.
A letter signed by more than 200 of Portugal’s prominent artists has been presented to Prime Minister, António Costa, alerting him to the "worrying situation of contemporary art," in galleries, collections and institutions.
Headed, ‘The State of Art in Portugal,’ the artists request "a State fund for acquisitions, the creation of a separate agency for contemporary art under the Directorate General for the Arts and urgent fiscal changes."
Rare cooperation between the Hydrographic Institutes of Spain and Portugal has resulted in a new nautical chart depicting the seabed at the mouth of the Guadiana river.
This warranted a presentation in Ayamonte, attended by the defence ministers of both countries, Margarita Robles and José Alberto de Azeredo, as well as Council and Armed Forces representatives.
The doors of Europe are open to criminals and the corrupt, thanks to lax, opaque, and mismanaged ‘Golden Visa’ schemes, according to a report released today by Transparency International and Global Witness.
The two anti-corruption organisations say the financial benefit of 'citizenship-and residency-by-investment' schemes is undercut by risks arising from insufficient due diligence, conflicts of interest, and wide discretionary powers.
There are nine Portuguese hotels in the final line-up for the Condé Nast Johansens Excellence Awards 2019
Nine Portuguese hotels have been nominated in the ‘Europe and the Mediterranean,’ section.
João Lúcio Pousão Pereira, know by all as João Lúcio, was outstanding as a poet and a lawyer who died as a result of the Spanish ‘Flu pandemic in 1918.
It is estimated that about 500 million people, one-third of the world's population, became infected with this virus, and the number of deaths was estimated to be at least 50 million worldwide.
