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Irish tourist found dead at Albufeira apartment

albufeira2An Irish holidaymaker was found dead in his Albufeira apartment this morning, Monday May 22nd.

The local Judicial Police are investigating the death of Daryl Dargan, aged 30, but it is not known if it is considered suspicious.

Novo Banco lost €10 million a week over the first quarter

novobancoshinylogoLame duck, Novo Banco, lost €10 million a week in the first quarter of 2017 but is proud to announce this was 47.5% less than it lost over the same period in 2016.

What it’s directorate calls a ‘recovery with reduced costs and the decrease of provisions and compensation,’ to many will be a familiar scenario of acute fiscal hemorrhage resulting in €131 million in red ink accumulated between January and the end of March.

Portugal to exit the EC's naughty corner

euPortugal's budget deficit fell below 2% last year so European Commission has announced the country is a poster boy for its austerity policies and has recommended that it is allowed to exit the EC excessive debt procedure.

After its 2011 bailout, Portugal suffered harsh austerity policies under the Passos Coelho government which was kicked out in 2015, to be replaced by a milder form of austerity under the Socialist Party leader, António Costa.

Portugal to vote on Spain's Almaraz nuclear power station

nuclearPortugal's Green party has put forward a motion that the government formally requests the Spanish government to decommission the Almaraz nuclear power station that lies just100kms over the border.

The motion has been accepted and parliament will vote on the matter, despite two ministers stating last week to a committee of inquiry that Portugal can not interfere in Spain’s domestic nuclear power plans.

Man dies at Aqua Portimão Shopping Centre

aquaA Moldavian worker died on Monday, May 22nd, at the Aqua Portimão Shopping Centre following a fall.

According to the authorities, the accident occurred at 2 pm today in the waste collection area.

The Malta Files - 423 Portuguese with offshore companies in EU 'fiscal paradise'

maltaMalta, a fiscal paradise for the Italian mafia, Russian loan sharks, the Turkish elite and 423 Portuguese national who have taken full advantage of the local tax system in this 'pirate base.'

After the Panama Papers, we have the Malta Files which show who is behind around 50,000 companies registered in an island within the EU but that fails to meet fraud prevention requirements, thus actively encouraging those wishing to evade tax.

State aid handed to market traders with €1.7 million turnover

counterfeitA couple has been accused of selling counterfeit clothing and footwear while receiving €40,000 in state handouts over five years.

The pair of market traders also paid in €1.7 million into three bank accounts while duping social security staff that they were penniless.

Boy disappears in the sea off Alentejo beach

seasA boy simply disappeared today, Sunday May 21st, at around 16:30 in the sea off the beach of São Torpes, in the Alentejo area of Sines.

The commander of the Maritime Police and the Sines Port Captain, Manuel Sá Coutinho, explained that the boy, who "is between 10 and 12-years-old," was in the water at the beach with his father. The father went back to the beach and after a few minutes no longer could see his son.