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Caixa Geral hikes bank charges in an effort to make a profit

caixageral2In a statement that defines how Caixa Geral de Depósitos has changed from a state-owned bank to one that is further to impose on the goodwill of its tired customers, the bank’s President, Paulo Macedo, said today that, "If Caixa Geral does not make a profit we will have to ask for more money from taxpayers and I have an idea of ​​what the answer will be."

The president of Caixa Geral de Depósitos today justified the increase in customer bank charges with a need for the public bank to return to profits after seven consecutive years of losses.

27 villages evacuated as Pedrógão Grande fire spreads

FireGoisThe fire that has been raging across Pedrógão Grande is affecting the neighbouring Góis area where 27 villages were told today to prepare for immediate evacuation.

Góis borders on Pedrógão Grande and Castanheira de Pêra where over 60 people were killed at the weekend, many dying in their vehicles as flames swept over the road as they tried to escape.

EDP's multi-millionaire boss earns 50 times his workers' average salary

edpIn an article published today in Proteste Investe, the consumer watchdog Deco reported that for the second consecutive year, the head of supermarket group Jerónimo Martins, Pedro Soares dos Santos, heads the list of CEOs who earn the most in relation to the average earnings of their staff at 130 times average salary.

Energy company, EDP, has the highest paid manager in the country, António Mexia, who earned over €2 million, 49.5 times the average pay of his workers which is an impressive €40,000 per year.

José Mourinho accused of €3.3m income tax fraud in Spain

footballJust a week after news that football star, Cristiano Ronaldo, had been accused of a multi-million euro tax fraud in Spain, (click here) club manager José Mourinho also has been accused of an income tax fraud.

The economic crimes section of the Madrid prosecutor's office has filed a complaint against Mourinho for allegedly defrauding the Spanish state of €3.3 million.

Portugal in worldwide 'top ten' of countries in which to grow up

childpovertyAccording to a report from Save The Children, Portugal is the 6th best country in which to grow up.

The worst zone is Central and West Africa where hunger and displacement cause children suffering and arrested development.

Killer whales spotted off Galé beach

killerwhalesKiller whales on the lookout for tuna were spotted by a group of dolphin watching tourists about 4.5 kilometres off Galé beach, Albufeira.

"We know that at least twice a year orcas pass along the Algarve coast, following the tuna migration routes," said marine biologist Tiago Sá from Dreamwave which organises the whale watching trips.

Another drone incident above Lisbon endangers KLM passengers and crew

airplaneThis drone business is getting out of control as a further incident was reported today by the captain of a KLM Boeing after a drone "flew by its side" at 1,200 metres above sea level above the Bugio lighthouse situated in the River Tagus estuary.

The incident occurred at 2.30 p.m. on Monday,June 19th as the pilots of the Boeing 737-800 realised that a drone was flying alongside as the plane approached Lisbon airport in an area that also is used for landing and take-off from Cascais aerodrome.

Europcar buys Goldcar for €500 million

goldcarThe single most destructive company to the Algarve’s image, the one that has caused more misery, complaint and anger than any other in the car rental sector, has been bought by French-owned Europcar.

Goldcar, run by socoipathic Spaniards employing thick-skinned, ‘don’t care,’ commission-driven staff, has been sold to the French company which wants to “strengthen its presence in the low-cost segment.”