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Latest News

‘Irresponsible people must not ruin everything’ defends Algarve council head, warning of 2nd lockdown

‘Irresponsible people must not ruin everything’ defends Algarve council head, warning of 2nd lockdown

During the press conference of the District Civil Protection Commission, which took place this morning in Loulé,...

Algarve beach season begins tomorrow with ‘safety and quality’- what changes?

Algarve beach season begins tomorrow with ‘safety and quality’- what changes?

Going to the beach is regarded as a moment of relaxation, but as of this Saturday, when...

Brit tabloid under fire from Portuguese press for ‘distorting epidemiological reality’

Brit tabloid under fire from Portuguese press for ‘distorting epidemiological reality’

With summer at the door, vacations are among the topics that most arouse interest for those who...

‘Airports ready to resume traffic from the 15th of June’, guarantees Costa

‘Airports ready to resume traffic from the 15th of June’, guarantees Costa

Portuguese airports will be ready to resume air traffic, with some degree of normality, starting on June...

Spanish government announces reopening of border with Portugal (without telling Lisbon)

Spanish government announces reopening of border with Portugal (without telling Lisbon)

Spain was forced into a U-turn yesterday after announcing that its borders with Portugal and France were...

Madeleine McCann: German prisoner identified as new suspect in disappearance

Madeleine McCann: German prisoner identified as new suspect in disappearance

A 43-year-old German prisoner who travelled around Portugal in a camper van is now the focus of...

Algarve tourism experts predict 30% occupancy over this summer

Algarve tourism experts predict 30% occupancy over this summer

"Any dialogue you have with travel agents and hoteliers in the Algarve, if we think about June,...

Loulé Council shoots down Vilamoura lake city mega-project

Loulé Council shoots down Vilamoura lake city mega-project

The Environmental Impact Study of the lake city mega-project in Vilamoura has received an "unfavorable opinion" by...

Latest Features

5 mistakes that are killing your Google Ads performance

5 mistakes that are killing your Google Ads performance

Google Ads is not the easiest platform to use, especially if you are a beginner. There are plenty of settings and options. And though...

Algarve voted best holiday destination this summer by travel experts

Algarve voted best holiday destination this summer by travel experts

A panel of travel experts at Clickstay.com has voted the Algarve as the best destination for British tourists this summer. 52% of the...

Is time running out for tax-free pension transfers?

Is time running out for tax-free pension transfers?

Understandably during this global health emergency, normal life has been paused while priorities have shifted. With all that’s been going on, it is easy...

Art and Photography news from the Algarve - June 2020

Art and Photography news from the Algarve - June 2020

Welcome to our June 2020 Newsletter. Another month has passed and things seem a little brighter here on the Algarve now. CLICK...

Gale's Virtual Westminster View – May 2020

Gale's Virtual Westminster View – May 2020

May. Too many Cummings but no Goings. Thousands wait for package holiday refunds as the travel industry goes into meltdown. The Home Office does...

Studio Bongard are relocating after 22 years!

Studio Bongard are relocating after 22 years!

It is with a little sadness that at the end of June this year Tara and Sylvain Bongard will leave their studio space of...

AlgarvePLUS Magazine - June 2020

AlgarvePLUS Magazine - June 2020

Welcome to the June issue of AlgarvePLUS magazine. The hazy summer days are here, with just a bit more freedom than in previous months....

How an ESA Provides the Comfort and Companionship You Need

How an ESA Provides the Comfort and Companionship You Need

A stressful lifestyle or an innate condition can lead to feelings of anxiety, depression, mental fatigue, and even suicidal thoughts. Naturally, this can significantly...

Euro surges on EU’s Next Generation plan optimism

Euro surges on EU’s Next Generation plan optimism

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

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....

Government signs another new deal over German submarines

submarineIn a cunningly timed agreement, the government and the German Submarine Consortium have scrapped a previous agreement to develop the Falesia Hotel in Albufeira.

Instead there is an agreement that the Germans will invest €220 million on eco-energy from wind power through an involvement in Ventiveste.

Project ‘Âncora’ sees Ferrostaal GMBH buy into the company owned by Galp Energia and Martifer to develop a number of wind farms in Portugal, according to a tightly worded announcement from the Ministry of the Economy.

“This agreement between the State and the German Submarine Consortium replaces the previous agreement on Falesia Hotel, Albufeira, which had been signed by former Economy Minister Alvaro Santos Pereira in 2012.”

The first agreement came long after the Germans were meant to have invested the €600 million contra deal balance in Portuguese projects. Having shelled out €30 million in bribes the consortium seems to have believed that this was enough and nobody would ever insist that it invests in Portuguese projects as per the signed agreement.

The Falesia hotel deal was scuppered when the hotel owners allegedly jacked the price up, although this was hugely convenient for the German company which has sat on its hands when it has come to honouring its part of the submarine deal.

Meanwhile, the questioning of everyone involved in the 2004 submarine purchase continues as a parliamentary committee listens to a litany of excuses, evasive answers and blame shifting. Everyone that is except Barroso, the then Prime Minister, who is far too important and busy to be dragged into the fray.

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Comments  

+4 #1 Edna 2014-07-24 18:20
Anyone else watching Portuguese TV news last night ... the Parliamentary Committee investigating the submarines deal ?

Did you notice Chief White Eagle - the Minister of Defence - say with a grin that he had no idea where the paperwork about the deal was.

Phew ! Chief Doors (Vice PM) and all the Portuguese elite could relax ... They had thought for a moment the bloke might go 'european' on us.

Longer memories of a few months ago ref: Public Private Partnerships will remember that 'missing paperwork' was the reason for that Parliamentary Committee shelving its report.

Then presumably the Troika forced a new search and BINGO ! ... the PPP papers were found in an unused desk drawer. Catching out Squaw White Oak - Finance Minister soon off to Brussels.

Once again we rely on the Germans to keep the subs on the surface ... don't let the Portuguese dive them ! :P

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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 Set to Return In July

West Coast Car Boot Sale Set to Return In July

The West Coast Car Boot Sale, normally held on the first Sunday of each month, will not be taking place in June. Hopefully it will be able to start again...

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