Socialist Party MPs have taken the first steps in uncovering what is going on at Ludo, the riverside park area to the west of Faro airport, that was created with public money.
The access gates are locked and ‘No Entry – Private Property’ warn off the public after €700,000 was been spent developing the land as a public utility, part of the Ria Formosa Natural Park.
SC Olhanense fans can look forward to next season with renewed optimism. Former Italian World Cup referee Luigi Agnolin, (pictured left with Pedro Proença, President of the Portugal Professional Football Leagues) who was elected president of the Olhanense Ltd Sports Company two months ago, has come good on his promise to move the club forward.
A complete new playing surface has been professionally installed over the past few weeks, including the latest in turf technology. After the problems of recent years, including having to play at the Algarve Stadium three years ago because of the substandard pitch, this will ensure a top class surface which should help to enhance the quality of football.
Pharol, the company formerly known as Portugal Telecom,* managed to lose €65.9 million in the first quarter of the year, 53% more than in the same period last year, according to its accounts that can be found on the CMVM Stock Market Regulator’s website.
The losses were blamed on appalling results from Brazil’s Oi in which Pharol owned 22% of the shares during the accounting period.
Property experts conclude that the UK’s pension law changes have pushed up the prices for prime property in Portugal's top areas.
The fact the pensions now can be drawn free of tax has seen wealthy Brits take advantage of Portugal with top end prices on the move for the first time since 2008.
The Portuguese Communist Party arranged and attended a number of meetings and site visits at the end of last week in Fuseta and Olhão and on the the Algarve’s Ria Formosa islands.
Party organisers were accompanied by MEP João Pimenta Lopes and Algarve MP, Paulo Sá to collect new information on the problems experienced by people living and working in the Ria Formosa area.
The car maker Volkswagen has seen its profits plummet by 20% in the wake of its diesel emissions scandal.
It recorded a pre-tax profit of €3.2 billion in the three months to March but this was down from nearly €4 billion the previous year.
A new driver’s licence system comes into effect on June 1st with all drivers starting off with 12 point in credit.
Points will be deducted for serious driving offences - two points, and very serious offences - four points.
Another major Spanish resort has become fed up with the unseemly antics of tourists.
Mojácar, on the southern Almeria coast, decided to curb what it calls the “vulgarity” so often associated with stag and hen parties, such as blow-up dolls and willies.
