The Portuguese weather service has issued an update on a Category 2 cyclone, with an average wind speed of 175 kmph, that is heading to the Azores.
The archipelago will suffer from Hurricane Helene’s effects as from the end of Saturday September 15th.
The Vale de Lobo thief has been nabbed at his home in Olhão and valuables recovered from a string of burglaries.
The GNR tracked down and arrested a 46-year-old man whom it suspected of having committed the crimes. He has been arrested and charged.
Albufeira Council continues to condone the posting of illegal posters advertising bullfighting events, according to the People, Animals and Nature party.
PAN states that, "the licence request for putting up bullfighting posters on the public highway in Albufeira was denied, but PAN in Albufeira has spotted posters for shows of this nature throughout the municipality, although no authorisation has been given for these to be posted."
It becomes increasingly clear that the Algarve is ill-prepared to cope with the aftermath of a serious event, such as the recent fire in Monchique.
A raft of groups, official and unofficial, have been trying to fill the yawning gaps left in the State’s relief provision. The government's various agencies has proved it has little impact on fire prevention and even less idea on what to do when serious, widespread fires damage areas both physically and economically.
A former president of the Competition Authority has said that when it comes to the electricity market, there’s no competition - EDP dominates the market and the prices charged to consumers.
Professor Abel Mateus had been called by the parliamentary committee of inquiry into energy revenues to give his opinion, "Reducing VAT on electricity is not a solution, it is only palliative," said the market expert.
The Negative Euribor Law was announced by the President of the Portuguese Republic and finally entered into force in July 2018, writes Casas do Barlavento.
This measure is intended to oblige banks to apply Euribor in full to mortgages on real estate. So, clients with housing loans are entitled to credit interest as long as the Euribor is negative, to be deducted when interest rates return to positive values.
Finnish residents in Portugal may have until 2022 before the tax treaty between the two countries is ended.
Around 10,000 people were known to be benefitting from the Non-habitual Residents (NHR) tax scheme as at the end of 2016 with estimates for the number at the end of 2017 rising to 27,000.
The latest Left Bloc idea to disrupt the property market is to impose a special rate of income tax on people who buy properties, often spending time and risking money in doing them up, then selling them on for a profit “within a short space of time.”
Bloquistas are negotiating with the Government to create an IRS rate for "those who buy and sell in a short period of time with a lot of profit" in a move to end, what leader Catarina Martins calls, “real estate speculation.”
