The Chief Executive of Portugal Telecom declined to comment on the current takeover activity surrounding the company as today he launched a package for small to medium sized companies.

Armando Almeida would not be distracted from explaining the benefits of the Global Connect Pack and said that, "Leadership, innovation and operational efficiency" are the three pillars on which his master plan is founded.

More demolitions are being carried out in Spain on so-called ‘illegal’ houses.

The latest victims of the Spanish property scandal are retired Britons.

‘Public outrage day’ brought ten thousand Hungarians to the streets on Monday to demand the resignation of the prime minister, believing he employs corrupt officials and is too close to Russia.

In the Czech Republic, thousands protested against their prime minister, who they see as too sympathetic to Russia.

Fewer British students are making foreign exchange visits because fears over health and safety are “killing” them off.

Traditional foreign exchange trips for schoolchildren are dying out because of paranoia over health and safety regulations, according to research by the British Council.

Portugal’s main estate agency association says it refuses to be a scapegoat in the backlash over the Golden Visa corruption enquiry and said the money used in buying top end property is in effect scrutinised twice.

The Association of Real Estate Professionals and Business (APEMIP) issued a strongly worded statement today to defend the importance of the Golden Visa programme to its members’ bank accounts, and took the bold step of informing the public that its members are not involved in "money laundering and other crimes."

Miguel Macedo, Portugal’s Minister for Internal Administration, has resigned over the Golden Visa affair, while trying to distance himself from the enquiry.

Macedo's announcement came just days after the Judicial Police arrested 11 people last Thursday, suspected variously of corruption, money laundering, influence peddling and embezzlement in connection with the granting of Golden Visas.

The Algarve Tourist Board's top man  said that it’s all down to the Algarve that Portugal won the award for the 'best golf destination in Europe' and the 'best golf destination in the world' at the first edition of the World Golf Awards.

The announcement that Portugal had won these two awards came at a packed ceremony at the Hotel Conrad Algarve, Quinta do Lago.

An 'Office of Local Entrepreneurship' has been created by Silves council and it opens on the 18th of November.

"This new service aims to create an enabling economic environment for business activities in the county, to have a targeted approach for quick responses to the needs of entrepreneurs, businesses and investors in various areas, including information advice and monitoring related to national and Community funds," read the council statement.