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Premier FX scandal hits the Portuguese press

peterRextrewThe Attorney General's Office has confirmed that a complaint has been received relating to the closure of Premier FX, the Algarve based foreign exchange company, owned and managed by Peter Rextrew (pictured, left), that shut up shop in July leaving hundreds of customers without access to their money which, at things stand at the moment, is missing from the Barclays account where it was meant to be safeguarded.

Ryanair snubs Portugal's parliament

ryanair12The situation involving Ryanair workers will be discussed in Portugal’s parliament as a new European strike is planned for September.

Ryanair will not be sending anyone to parliament to clarify the labour situation which has led to several strikes since the beginning of the year.

Left Bloc demands an end to 'tax deals for foreigners'

TaviratempBridgePortugal’s Left Bloc wants to see an end to the special zero tax band for foreigners and the 20% flat rate on certain categories of their earnings.

In 2016, the gross tax expense associated with the non-Habitual Residents (NHR) scheme was €350 million, rising to €413 million last year.

Portugal has 'manifestations of racism and xenophobia'

GypsySchoolchildOne year after the start of the new anti-racism laws last September 1st, the Secretary of State for Citizenship and Equality said that, "Portugal is a country with manifestations of racism and xenophobia."

Rosa Monteiro pointed out in a review of progress, that there is still a lot of prejudice against the 'comunidade cigana' (gypsy community) and that it is necessary to know what’s going on in order to combat it.

Portugal's tourist board entices Indian visitors with fado, beaches and shopping

culatraPortugal’s national Tourist Board has been on the road in New Delhi and Mumbai.

Specially tailored roadshows were attended by travel agencies, tour operators and trade partners who were treated to update about Portugal, the tourist opportunities, the main selling points of the destination, exchange rates information, visas and how the tourism sector caters for different segments of the Indian tourist sector.

Giant squid caught off Madeira

squidThe ocean surrounding the Portuguese island of Madeira continues to produce creatures of legend with Sunday’s capture of a giant squid weighing more than 100 kg.

The skipper of the boat, whose crew managed to drag the monster on deck, said that the biggest problem was to get the squid on board and that it took the strength of three men.

EDP ​​faces €140 million fine for manipulating the market

edpThe Competition Authority formally has accused Portugal’s dominant energy supplier, EDP, of abusing its position in the energy market to overcharge customers by €140 million.

The Authority filed its case this afternoon, September 3rd, and accuses the now privatised company of manipulating the electricity billing system to hike prices for domestic and business users, illegally increase its profits by doing so.

Operation Marquês corruption trial's inexorable progress

justiceThe 28 defendants cited in the Operation Marquês fraud, tax evasion and corruption trial, have until this Thursday, September 6th, to send in their pre-trial evidence and arguments.

This formal stage is optional but many will take advantage of the opportunity to present to a judge any evidence that could call into question the State Prosecutor’s case against them.