In a move that will make potential buyers of TAP think again, Pires de Lima today announced that any future owner of the state owned airline will not be allowed to sack anyone for 30 months.
The Economy Minister did manage to avert a strike between Christmas and New Year with the promise of talks with union representatives in the new year, which now have gone ahead.
Portimão Council said today that a team of technicians soon will start to survey private property in its historic centre with the aim of identifying those buildings in need of upgrade and repair.
The council has asked for the cooperation of property owners during the survey period which runs until the end of July. The team will be working on the first stage of a revitalisation programme to halt the decline of important buildings owned privately and to encourage their repair to encourage new residents to move into the city centre.
Having learned zero restraint from the years of boom and bust, Portuguese drivers went credit crazy last year with €1.1 billion advanced by normally tight-fisted banks to customers wanting to buy new cars.
Car loans from January to November 2014 was the only credit segment in the country to show any real signs of growth, according to data released today by the Bank of Portugal.
A study into the snail-like pace of Portuguese justice shows that many family and juvenile courts are taking less than three hours to analyze and decide each outcome, including the time taken to hear the case.
The study by the Portuguese Association for Parental Equality and Law of Children is based on data from the Ministry of Justice and the Supreme Judicial Council and looked at the number of cases per judge and the average times for each decision.
Google is to cease production and sales of its Google Glass eyewear.
The product was launched in the US only in 2013 and just last summer in the UK but only to a limited consumer audience of software developers at a cost of £990.
Algarve trade associations have beefed up their opposition to the new IKEA development between Loulé and Faro, kicked into action by the sounds of the Swedish company already clearing the land.
The trading associations have highlighted irregularities in the planning process, risks to the environment and damage to the regional economy in a notice sent to anyone who wuill listen.
One of the Paris terrorists is known to have been in Spain for New Year, leading police to investigate possible links with a terrorist cell in Spain.
Spanish media claim that the security forces had established that Amedy Coulibaly was in Madrid from 30 December until 2 January.
Goldman Sachs loaned Banco Espirito Santo €584 million just before the bank went bust and was bailed out.
The loss of this money means that Goldman’s profits and some employee bonuses will be cut, according to Lloyd Blankfein, Chairman of the American finance house known as the 'great vampire squid.'
