Espírito Santo International has submitted a 'controlled management' application to the Luxembourg financial authorities to shield the holding company from creditors.
This application was delivered at the close of business today, Friday 18th July 2014.
The FCO has published its annual British Behaviour Abroad Report 2013-2014.
It helped 17,517 British nationals in trouble overseas, and noted there had been a decrease in some serious types of consular case over the last year.
The pace of people living the UK for lives abroad has slowed to its lowest level in 10 years.
In 2012, there were 286,000 heading out of Britain, the lowest number since 2001. Of these, 126,000 were British passport holders, compared with an average of 152 over the last decade.
The GNR’s latest safety initiative to pull over bikers to check for any infractions of the laws neatly coincides with this weekend’s Faro Bikers Festival.
As 15,000 inbound free-spending bikers swell the ranks of tourists in the Algarve and prepare to settle in for a weekend of partying, music and bonhomie near Faro airport, the GNR decided this was an ideal weekend to see how many bikers could be checked for their own safety.
Vila Real de Santo António council suspects deliberate fiddling, or incompetence, over the seawater test results that have made sure a shellfish harvesting ban has in force for over two months.
The council now is questioning the validity of the samples taken by the Portuguese Institute of Ocean and Atmosphere (IPMA) laboratories and have started to take a few of their own.
The body of a slim, blonde man between 20 and 25-years old was found floating near Algar Seco beach in Carvoeiro, Lagoa.
The victim had severe head injuries and repeatedly had been stabbed in the chest and abdomen.
Maria Luis Albuquerque answered questions put to her at today’s Budget, Finance and Public Administration committee meeting which centred on an increasingly bleak prognosis for the ailing Espírito Santo Financial Group.
"Public intervention is always a last resort scenario," according to the Minister, who has done little so far to calm international fears for the future of the banking group.
The Association of Hotels and Resorts in the Algarve has reacted to the draft paper seeking to increase a range of Green Taxes designed to help the environment, including a per head tourist tax, saying today that "there is no direct relationship between tourism and harmful practices to the environment, which would justify penalising the industry with the introduction of higher taxes"
The Association warned that the impact of any new taxes in the draft reform on green taxation may result in more unemployment in the region.
