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Vale do Lobo to Quinta do Lago road to be upgraded 'for the tourists'

roadworksIn an image upgrade directed at tourist traffic, Loulé council has awarded a road project to link the EN396 to Vale do Lobo and Quinta do Lago in Almancil.

The 2.2 kilometre section between the EM 527-2 (Almancil – Quarteira) and the VNC 522 (Vale do Lobo - Quinta do Lago) will naturally include a new roundabout with the budget of €2.2 million.

Another promise to replace the bridge to Faro island

farobridgeThe tendering parameters are "ready and should be released within one to two months” said Faro mayor, Rogério Bacalhau in May 2014, referring to the construction of a new road bridge to Faro island.

In November 2014, Faro council was said by its opposition to have displayed an "inability and a lack of political influence" for losing out on Community funding for the construction of the new bridge.

Secretary of State for Tax Affairs covered up for private clients in €10 billion offshore transfer affair

nuncioThe 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.

Spanish king honoured with British state visit before US president

spainkingfilipeSpain’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 produces rubbish figures for the European Commission

rubbishPortugal 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.

Montepio's reckless lending ignored internal risk guidelines

montepioThe 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.

World’s oldest crocodile eggs discovered in Portugal

crocodileEggsThe 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 to visit the Algarve for public discussions on Brexit

4871British 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.