"Redevelopment works are not necessary for expansion" at Faro docks, according to José Pedro Soares, from the Sines and Algarve Docks Administration (Administração dos Portos de Sines e do Algarve.)
Despite promises of investment from the Economy Minister Pires de Lima, Faro docks expect to reach a trading record this year with 400,000 tonnes of goods shipped out.
Lago's annual FATACIL show is starting at the end of this week, running until the 24th of August and the organisers have promised a new style show with, more importantly, cheap tickets.
The annual Feira de Artesanato, Turismo, Agricultura, Comércio e Indústria de Lagoa (FATACIL) has been losing money for years mainly as it is run by the council which has lacked expertise in competing in this market.
Shocked Portugal Telecom shareholders have clubbed together are to mount a class action to recover the money they have lost as the telecoms provider's share price halved.
The action specifically is against the board of directors from 2001 to date who all decided that running a telecoms company was not sufficiently exciting, so diversified into behaving like a bank, lending eye-watering sums to its largest shareholder, the Banco Espírito Santo Group.
The market regulator has confirmed that these massive loans have been part of PT’s treasury operations since 2001, in one year the exposure was over €1 billion with the amounts enetrred into the accounts as shareholdings, not loans.
Luís Durão Barroso, son of the old Maoist himself, has landed a top job at the struggling Bank of Portugal.
The 31-year old formally was taken on without having to suffer the stress of an interview as no other candidates were sought by Portugal's struggling central bank.
The GNR today announced that officers had arrested 21 people variously for for drug possession and drug dealing during its targeted operation at the "Meo Southwest 2014" music festival in Zambujeira do Mar, Beja.
The Territorial Command of the GNR in Beja issued a statement which said that the operation was mounted between 01 and 11 August at the access roads to the music festival, held at Herdade da Casa Branca, with 100 officers on duty each day.
The senior long-term unsecured debt of Novo Banco, BES's new owner, has ensured Moody's rated the new bank at 'B3,' the sixth level in the Junk category
In a statement issued today, Moody's also said that the rating of Novo Banco deposits is at 'B2', the fifth level of 'junk.'
French authorities have discovered the Portuguese truck and its driver missing since the beginning of August.
The man's body was found inside the cab which was parked at a service area 15 kilometres from the French-Spanish border.
The British paper car tax disc will soon be a thing of the past when it will be replaced with an electronic system on October 1.
Motorists will have to register their vehicle online to pay road tax, the Vehicle Excise Duty, on the DVLA website or in a Post Office branch.
