Owners of second homes in some popular areas of France could become liable for an additional 20% tax.
The new levy could be applied to some 30 areas of the nation where housing is in short supply if the proposals within a supplementary budget for 2014 are accepted.
Shopkeepers endured another month of misery in September as fewer sales were made.
Retail sales in Portugal were down by 2.5% when compared to August. This was the second largest decrease in the eurozone after falling sales experienced also in Germany.
The German Chancellor Angela Merkel said that there are too many graduates in Portugal, a view criticised by leading educational figures and politicians.
The rector of the University of Lisbon, the President of the Polytechnic Institute of Oporto and the president of the board of directors of the Agency for Assessment and Accreditation of Higher Education (A3ES) all have reacted to Merkel’s assertion.
Espírito Santo Control has been condemned to the scrap heap by the Luxembourg Commercial Court as Ricardo Salgado sees his empire fall apart.
The insolvency of Espírito Santo Control is the fifth group company in less than a month to be declared bankrupt by the court under whose wing they sought refuge from their creditors and from the financial storm triggered by the failure of Banco Espírito Santo.
A group of 120 investors in the failed Banco Espírito Santo have brought a court action to demand the annulment of the resolution that split BES into two, claiming that the process was illegal.
The action was delivered to court on Monday and cites the Bank of Portugal, the Finance Minister and the Resolution Fund which became the sole shareholder of Novo Banco and a beneficiary of 'confiscation.'
The management of Portugal Post Office (CTT) today gave the go-ahead for a Post Office banking service.
The project has been talked about for ages with the Bank of Porugal giving its final approval in 2013, but only since privatisation has CTT management taken the final step in establishing a banking network across its branches.
Eurozone growth forecasts have been further slashed to 1.1% for 2015.
The previous forecast, made six months ago, was 1.7% growth.
When Romania was still locked behind the Iron Curtain, few people outside the country had heard of the Dacia car.
Today it is the fastest growing brand in Europe. Sales rose 35% in the first six months of this year, according to the European Automobile Manufacturers Association.
