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.
The Minister of Finance has welcomed the decision of the European Commission to approve the recapitalisation plan for Portugal’s State-owned bank, Caixa Geral de Depósitos.
Mário Centeno said that the €3.9 billion injection of cash “respects European rules.”
Carlos Rafael, the Portuguese businessman known as 'the codfather,' is to confess his fishy crimes in a US court but faces a heavy sentence unless a plea bargain can be arranged.
The Açorean-born businessman owns one of North America's largest commercial fishing operations, Carlos Seafood Inc., but profits from the legitimate trade were not enough to stop him fiddling the system.
Algarve MPs, José Carlos Barros and Cristóvão Norte, say that they can not accept that the rail link to Faro airport has been frozen by the government, nor do they accept the excuse that environmental issues are sufficient grounds to drop the project.
"It is essential to clarify everything that has to be clarified on the subject, because the strategic importance of this project, from the mobility, tourism and regional economy points of view, is too important for us to accept that the Government drops it," say the MPs.
Don’t put your coats away just yet as rain is due to return to the Algarve early next week, but not until after a warm and probably cloudy weekend.
Enjoy the weekend sunshine with temperatures hitting 26th on Saturday down south, while the central and northern regions will be cloudy with some light rainfall.
Portugal should be worried about the "huge suspicious investments" by Angolan citizens in luxury properties, companies and financial institutions in Portugal, according to a report by the US State Department that studiously will be ignored by the government and the country's banks.
According to the International Narcotics Control Strategy Report 2017, the Portuguese Government should "continue to monitor Angolan investments in Portugal in areas such as luxury real estate, financial institutions and companies."
Spain’s government and its municipalities within 10 kilometres of the country’s nuclear power station network, including the ageing Almaraz plant, have signed an agreement to improve safety protocols "in case of a nuclear emergency."
The agreement provides, among other measures, for technical support to councils, information programmes for local populations, and theoretical and practical training for technicians in emergency plans and drills.
