The cement production business to the west of Loulé run by Cimpor is to suspend around 30 workers due to a fall in demand.
Cimpor guarantees the protection of the jobs and the employees will be taken back on when the market improves.
Banker José Maria Ricciardi believes that the best solution for Novo Banco is, instead of selling it, re-capitalise it.
The head of Haitong bank and former Ricardo Salgado acolyte running BESI, said he already has potential investors interested in this business model.
Despite the government’s desire to encourage out of season tourism, the burgeoning motorcaravanning market is subject to a set of rules that have made participants question whether they are welcome at all in Portugal.
There are between 4,000 and 5,000 Portuguese registered motorcaravans in Portugal. The government despite its predilection for collecting data can not supply a total, so a guesstimate will have to suffice.
Tens of thousands of Italy’s infected olive trees may now be culled after a ruling from the European Court of Justice.
The deadly bacteria Xyella fastidiosa has been attacking olive trees since 2013 and the infection has been spreading. There are concerns that it could reach other parts of Italy as well as Mediterranean countries, including Portugal.
Suffering from a continued drop in demand from Portugal's traditional trade partners outside the EU, the overall value of exports fell 2.5% in April but was balanced by a 7.3% drop in imports as domestic demand slackened.
Prime Minister António Costa told an audience at his launch of StartUp Portugal that the country is “one of the best places to live worldwide” and is determined to make it an attractive and business friendly environment with an enviable quality of life.
Spain’s property market relished another healthy increase in prices over the first three months of this year.
A jump of 6.3% was the largest rise since the great crash of 2007 and marks the eight consecutive quarter for price increases, according to official figures from the country’s National Institute.
Either Zeinal Bava or Ricardo Salgado is lying, or more probably both. Salgado’s explanation is that the €18.5 million transferred to PT Chief Bava’s offshore account was to lock him into the company while Bava dealt with the reorganisation of the Brazilian telecoms operator, Oi.
Ricardo Salgado explained to judge Carlos Alexandre that the payment to Zeinal Bava (pictured) was "extra money" to "capture" or lock in the former PT chief executive and his “top class team.”
A brown bear has been given full freedom to roam the Pyrenees mountains.
The release is part of an initiative to ensure the species’ continued survival in the region, according to local officials.
