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Latest News

Portugal's once-booming tourism collapsed nearly 100% in April due to lockdown measures

Portugal's once-booming tourism collapsed nearly 100% in April due to lockdown measures

Portugal’s once-booming tourism sector collapsed in April as lockdowns to contain the spread of the coronavirus grounded...

PSD politicians call for an end to “wild motorhome activity” on the Costa Vicentina

PSD politicians call for an end to “wild motorhome activity” on the Costa Vicentina

The PSD wants the Government to review the legal framework in order to protect certain regions most...

After a 45-year economic surplus high, Portugal expects a ‘substantial change’ in its finances

After a 45-year economic surplus high, Portugal expects a ‘substantial change’ in its finances

Just when Portugal was getting its public finances back in shape, the coronavirus crisis has meant the...

Guns, a monkey, and exotic birds seized in Quarteira GNR sting

Guns, a monkey, and exotic birds seized in Quarteira GNR sting

An illegally trafficked monkey, three exotic birds and illegal weapons were seized in Quarteira by the GNR...

Authorities look at maximum beach capacities for Algarve, from 15 on some to 12,600 on others – everything you need to know

Authorities look at maximum beach capacities for Algarve, from 15 on some to 12,600 on others – everything you need to know

The maximum capacity of beaches in the Algarve, as a preventive measure against the spread of COVID-19,...

Transavia, Lufthansa, Ryanair and Jet2: international flights return to the Algarve this month

Transavia, Lufthansa, Ryanair and Jet2: international flights return to the Algarve this month

International flights have already started to return to the Algarve. Companies such as Edelweiss, Luxair Tours, Transavia,...

As COVID-19 situation continues in Lisbon, government ‘ponders special response’ for the capital

As COVID-19 situation continues in Lisbon, government ‘ponders special response’ for the capital

As the seventh meeting between politicians, epidemiologists, technicians and state advisers at Infarmed drew to a close...

Survey reveals that the Portuguese are less concerned with virus, more apprehensive about economic crisis

Survey reveals that the Portuguese are less concerned with virus, more apprehensive about economic crisis

Prepared by Kantar for Centromarca, the Portuguese Association of Companies, a survey has revealed that “the alert...

Latest Features

Algarve Archaeological Association on hold for the Summer

Algarve Archaeological Association on hold for the Summer

The AAA lecture which was due to be held on Tuesday 2nd June has been cancelled due to the current situation with the Coronavirus....

Welcome to the low touch economy!

Welcome to the low touch economy!

Since early March, expressions like social distancing, pandemic, quarantine and isolation have begun to be part of our lives and of our daily conversations....

Tourism Post-CV19

Tourism Post-CV19

Tourism is one of the sectors most affected by Covid-19. The UN-World Tourism Organization issued rules for Sustainable Tourism:

Brexit and Fiscal Representation in Portugal

Brexit and Fiscal Representation in Portugal

After three years of uncertainty the UK has now left the EU! How will this affect UK residents that have assets in Portugal? Since...

Streaming Along

Streaming Along

Big decision while we’re all at home – what to watch today and diarise for tomorrow’s viewing. Stream sticks introduce a whole new dimension,...

How To Protect Your Portuguese Assets: Is your paperwork in order?

How To Protect Your Portuguese Assets: Is your paperwork in order?

Many foreigners have chosen to live or to buy holiday homes in this wonderful country. But how many have reviewed their estate planning to...

Going Vegan

Going Vegan

Vegan might be considered trendy eating right now, but if you are new to it how much have you discovered while at home and...

GBP/EUR drops to six-week lows, coronavirus crisis still driving movement

GBP/EUR drops to six-week lows, coronavirus crisis still driving movement

Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking...

I have some awesome content on my website but it doesn’t rank well on Google...Is it that awesome after all?

I have some awesome content on my website but it doesn’t rank well on Google...Is it that awesome after all?

This is something most website owners have experienced at some point – you read everywhere that “content is king”, when it comes to getting...

Paying It Forward - Helping You Help Others

Paying It Forward - Helping You Help Others

This is a challenging time for us all, we need to support each other for us all to succeed. So, until August 31st 2020...

Estimated €1.5 billion cost of Algarve oil spill

OilReferendumSMALLFive Algarve business associations have condemned the government's decision to authorise the Galp-ENI test well drilling without a proper environmental study.
 
The search for oil off the coast of Aljezur, "opens the door for future exploration permits," states the groups of local businessmen who accuse the government of having acted "in a non-transparent way."
 
The misnamed Portuguese Environmental Agency has been dancing to the tune of the government and the government is criticised for not considering any new concession sales until after the 2019 general elections, when it can turn the switch back on.
 
The associations say as one, that they do not want to "jeopardise a highly developed and fully functioning economic activity of great importance to the region and to the country", with tourism now being Portugal’s main export (€15 billion in 2017), generating “around 50% of this value in the Algarve.”
 
"An annual decline of 15% or 20% in international tourism revenues in the region, caused by a deterioration of the brand image of the Algarve, would represent a decrease in revenues in the order of €1 to €1.5 billion, which, due to uncertainties and the theoretical numbers being advanced by the promoters of oil exploration, is much more than the possible benefits.”
 
The associations also support the rejection of the Government's decision by the Algarve mayors’ group, AMAL, which affirmed that the regions’ councils, "in the past, now and in the future are against oil exploration off the Algarve coast and that the concession contract must be terminated, and that they will continue, through the courts, to fight against this process."
 
The latest statement is signed by the Association of Trade and Services of the Algarve (ACRAL), Association of Hotels and Tourist Enterprises of the Algarve (AHETA), Association of Hoteliers and Similar Employees of the Algarve (AIHSA), Confederation of Businessmen of the Algarve (CEAL) and Business Association of the Algarve Region (NERA).
 
Last week, on the last day of the deadline, the Portuguese Environment Agency exempted Galp-ENI from having to submit an environmental impact study.
 
The APA president, Nuno Lacasta, justified his decision by stating that "no significant negative impacts" were identified in the test well drilling process and that he had used the opinions of nine of Portugal’s many economic and environmental agencies to support his decision.
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Comments  

0 #2 Two.Sugars.in.my.tea 2018-05-27 13:35
Agreed. What I still don't understand is why the money isn't put into solar & wave energy - both of which PT has plenty of?
What have I missed, please???
+1 #1 Jack Reacher 2018-05-22 17:29
99.9% of tourists arriving at Faro wont have a clue about the drilling for oil of Aljeizur nor would they have they read about it in the int.press. The only way tourism will be tarnished is when the oil stains the beaches..and only then can you put a price to the potential loss of tourism revenue.

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Property

Coronavirus Impact on the Algarve Housing Market

Coronavirus Impact on the Algarve Housing Market

Many people are wondering what has happened to the housing market in the Algarve during these extraordinary times effecting the...

Surge in user traffic from European countries suggests interest for holiday making, according to Imovirtual

Surge in user traffic from European countries suggests interest for holiday making, according to Imovirtual

Portugal started to ease lockdown measures from Monday 4th May with a three phase plan to reopen the country’s economy....

Fine & Country Get Back To Business (not quite) As Usual

Fine & Country Get Back To Business (not quite) As Usual

Portugal has begun a partial relaxation of lockdown regulations from Monday May 4th, with many businesses allowed to return to...

Exclusive Algarve Villas - April 2020 Newsletter

Exclusive Algarve Villas - April 2020 Newsletter

Welcome to our April newsletter! With businesses in lock down (locally we’re now at 2 months), we can see some...

What's Happening?

West Coast Car Boot Sale Suspended

West Coast Car Boot Sale Suspended

The West Coast Car Boot Sale, normally held on the first Sunday of each month, will not now be taking place on the 3rd of May, having been cancelled due...

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