The Bank of Portugal has now defined ‘soon’ as its governor announced today that Novo Banco, the new name for the OK parts of bust lender Banco Espirito Santo, will be sold off in the ‘mid to second half of 2015.’

Carlos Costa assured that the sale of Novo Banco will be made in a "transparent and open way." This will be a pleasing change from the opaque and covert manner in which BES was run by Ricardo Salgado.

People travelling to the UK on business spent more than £5bn last year, an increase of 11% in 2012.

At the same time, British businesspeople spent £4.7bn in 2013, a drop of 3%, although the amount of money spent in China and India went up.

Annual inflation in the eurozone was at 0.4% in October, up from 0.3% in September.

For Portugal the rate was 0.1% in October. That coupled with 0.0% inflation in September has put Portugal just out of deflation.

Portugal 2020, the very name has Portugal’s business community searching for ways to access part of the €27.06 billion give away.  

Plans are being made for local development initiatives that encourage entrepreneurship and job creation as the government announces the imminent opening of the pre-qualification period.

A Greenpeace vessel was reported to have been rammed by one from the Spanish navy, leaving one activist injured.

The event came during a protest against oil drilling by Repsol in the Canary Islands of Lanzarote and Fuerteventura.

Isabel dos Santos, billionaire daughter of the feared Angolan President José Eduardo dos Santos, tomorrow will deliver an amended public offer for Portugal Telecom.

Before the market opens the Angolan businesswoman will deliver her new terms and conditions to the stock market regulator.

Cyprus, Greece and Egypt signed an agreement last week to cooperate on energy production of the oil and gas reserves around Cyprus, but that has not abated a war of words among all three nations.

Only minutes later Cyprus’s president, Nicos Anastasiades, accused Turkey of “provocative actions” for sending a surveillance vessel and war ships to search for natural resources in the island’s exclusive economic zone.

Nokia, the name which seemed synonymous with mobile phones, is quietly dropping out of the frame.

Technology giant Microsoft last year spent £4.61 billion on buying large portions of Nokia but the first smartphone to be released after that deal will be Microsoft Lumia, rather than Nokia Lumia.