The former Secretary of State for Tax Affairs, Paulo Núncio, has been called back to parliament to explain his role as a lawyer to the Venezuelan national oil company whose European branch, PDVSA Europe, transferred a significant part of the €7.8 billion that ended up in Panama, using BES as its bankers:  Núncio was a Secretary of State at the time.

The row over the €10 billion in unmonitored offshore transfers between 2011 and 2014 brings Núncio into the spotlight once again as he failed to disclose his role as a lawyer with the law firm Garrigues, which was advising the Venezuelan state oil company, nor did he disclose his involvement in suppressing data about capital outflows from the Madeira free zone.

Spain’s King Felipe VI and his wife Letizia are expected to be hosted to a state visit with Queen Elizabeth II in June.

Buckingham Palace confirmed in a statement on Friday that the visit is scheduled for 6-8 June.

Portugal is submitting nonsensical data to Brussels on waste disposal and recycling rates despite two publically funded agencies working on what should not be too taxing a task.

Environmental collective, Zero, says that Portugal hasn’t a clue how much urban solid waste its citizens and industry is producing or how much is recycled, with "errors and discrepancies" in the data from the two bodies responsible whose cost to the State is enarly €12 million a year.

The faults highlighted in the Bank of Portugal’s scathing report on management practices at Montepio bank, leading to a ‘high risk profile,’ have been addresses according to the regulator and Montepio, run by José Félix Morgado.

Montepio absolutely guarantees that all the failures identified by the Bank of Portugal that were not been challenged, have been corrected. In a clarification sent to the newsrooms, Montepio said that the Bank of Portugal’s report does not reflect the current situation at Montepio.

The world's oldest known crocodile eggs, laid some 152 million years ago, have been discovered in the cliffs of Portugal.

The eggs were laid by a group called crocodylomorphs, close relatives of 'true' crocodiles.

British Ambassador Kirsty Hayes is to hold two further public sessions in the Algarve to meet members of the British community in the context of Brexit, and the possible implications for British residents.

The Ambassador would like to hear the concerns that British residents in the Algarve might have about the possible impact of the UK’s withdrawal from the European Union.

Troubled Deutsche Bank is to close down some of its European businesses, including in Portugal, after ditching the plan to sell off main high street banking business in Germany.

Germany's lender is taking ‘a deep look at its presence in Spain, Portugal and Belgium,’ according to comments from sources within the German headquarters leaked to Reuters.

In its annual ‘hollow threat’ exercise, Portugal’s tax authority said today that its inspectors will be out in the field this year, catching out certain categories of low-paid workers, in collaboration with other agencies such as Social Security and ASAE.

The tax inspectors will give priority to restaurants, hotels and the property rental market, and will be making unannounced visits. Online businesses and building renovations also will be targeted, claims the Tax Authority.