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Green party wants Portugal's debt renegotiated

greecePortugal’s Green party has welcomed the victory of the Syrisa party in the Greek elections on Sunday, especially the success of Syrisa's "no to austerity" platform.

The Greens commented today that this is the "opportune time for Portugal to require the renegotiation of its debt."

Fuel taxes hike Portuguese pump prices

galpDespite government attempts to persuade the motoring public that the January 1st Green tax supplement on the price of a litre of fuel would hardly make a difference, the truth is out.

Despite falling prices for fuels due to a worldwide drops in oil prices, fuel prices at the pumps have risen almost five cents since January 1st, 2015 due to various taxes.

BHS goes up for sale

bhsThe struggling department store chain BHS has been put up for sale by billionaire Sir Philip Green who paid £200m for it in 2000.

The move would break up his high street retail empire Arcadia which also has Topshop, Dorothy Perkins and Wallis.

Almost 45 kilos of cocaine seized at Lisbon Airport

cocaineCustoms officers at Lisbon airport searched two suspicious bags that had arrived on a flight from Brazil and found cocaine hidden in among some bags of coffee.

A cunning hiding place this was not. The drug could not be considered a recreational amount for personal use as there was 45 kilos of the white powder, enough to retire on if successfully smuggled into the country and sold on.

Greece - Syriza party victory to end "five years of humiliation and pain"

acropSyriza, the coalition of left wing parties in Greece on an anti-austerity ticket, won a massive victory in Sunday's  general election.

Pundits claims were accurate as the party led by Alexis Tsipras (pictured below) won 149 seats leaving it one short of an absolute majority but with a clear mandate from Greek voters to tackle its bailout lenders and reduce austerity.

Algarve unemployment drops nearly 17%

hotel2The number of registered unemployed in Portugal fell 13% last December, but the Algarve led the way with a drop of nearly 17%.

Compared to December 2013, unemployment decreased in all regions of Portugal last December with the Algarve showing the best set of figures.

Moviflor creditors to sell off remaining assets

moviflorThe creditors' committee of Moviflor, the furniture company that went bust last November, is to meet tomorrow.

The committee consists of five members representing workers, suppliers, the Tax Authority and those banks with sizeable debts (Banif and BCP).

More suspected jihadists arrested in Spain

rifleFour suspected members of an Islamist militant network have been arrested by police in Spain.

The arrests of two pairs of brothers took place in the Spanish territory of Ceuta which borders Morocco. The men are Spaniards of Moroccan origin.