The Government is to introduce a points system for drivers to replace the current system of fines and licence suspension for traffic law infringement.
The Secretary of State for Home Affairs, João Almeida, announced that the bill for the establishment of a points system for drivers will be presented to parliament before the end of March.
The boss of Novo Banco, Eduardo Stock da Cunha, said to parliament today that he is to continue working on a solution for those BES investors who bought Espírito Santo Group paper, and that he is ‘concerned.’
Until now, the Novo Banco chief appears to have had little interest in paying off this group of investors as they are all creditors to the old BES and nothing to do with Novo Banco, set up precisely to avoid having to pay BES debts.
A tearless onion has been introduced in Britain, the first sweet variety of red onions which don’t cause people to cry.
The red onion variety, Asda Sweet Red, was two decades in the making, according to farmer Alastair Findlay of Bedfordshire Growers.
The EU is expected to rubber stamp proposals that allow member states to access driver records to see if offences have been committed in other member countries.
Until now, British and some other member states’ motorists have managed to avoid having to pay fines when caught speeding when travelling abroad.
Portugal's Socialist Party has looked at the fines for non-payment of tolls on Portugal’s motorway system and has delivered a project that limits the total payable.
The proposal to lower the fines for non-payment of tolls will benefit drivers as the current scheme has seen rapidly mounting total charges of up to 50 times the original toll fee.
Energy consumption in the European Union nations dropped down in 2013 to the level of the early 1990s.
Average consumption was 9% lower than the peak in 2006.
A vineyard in California has been experimenting with aging wine in the ocean rather than in cellars or caves, becoming the first US wine so aged.
Jim Dyke, of Mira Winery in the famous Napa Valley region, was inspired by learning of a haul of preserved champagne which had been recovered from a 19th century shipwreck off Finland. At auction, the champagne fetched thousands of pounds.
By trying to do the right thing and swap some high interest Troika loans for lower rate loans from the current open market, Portugal’s Finance Minister aims to save time and interest payments.
This welcome offer to pay off over half of the IMF loan within the next 2 years needs to be analysed by the other creditors but should go ahead, using a financial model copied from Ireland which paid off its high interest loans early by swapping them for low interest ones.
