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BES shares suspended - Portugal Telecom hits all time low

besPortugal's stock market regulatory body suspended share trading in Banco Espírito Santo today, until "the release of relevant information," which has yet to be released.

Fears for the future of Banco Espírito Santo generated a wave of selling across European stock markets and made headline news in the Financial Times, Wall Street Journal, CNBC and Bloomberg.

Refunds available for missold policies

4775British consumers are being advised that they may have believed that a genuine application for claiming money back was just junk mail.

The letters concern the misselling of protection schemes.

Health cards set to expire this year

stethascopeAlmost 4.5 million European Health Insurance Cards (EHIC) are due to expire this year.

The card helps the bearer obtain free or cheaper health care within the European Economic Area, which is all the nations of the EU as well as Switzerland, Iceland, Norway and Liechtenstein.

Expats in eurozone see pension values rise

expatThe 445,000 retired British expats living in eurozone have been given a 10% boost in their incomes over the last year.

The windfall results from a strong pound as well as the annual increase in payments.

Tax inspectors pledge to visit every shop in Portugal

shoppingcentreThe plan for monitoring and combating the shadow economy, that already has been field tested in the Lisbon area by the Tax and Customs Authority, now will be rolled out across the nation.

After several months of welcome delay, the authority is now at the final stage of recruitment and by the end of the September thousands of bright new tax inspectors will have completed their training and will be sent out into the world to check up on Portugal’s business community.

Portugal’s airports - 50 years of higher charges due to privatisation

anaAntónio de Sousa, chairman of the monitoring committee for the ANA sell off, said yesterday that taxpayers benefitted in the short term, but in the longer term, users of Portugal's airports will be paying increased prices as a result of the sale.

ANA-Airports was sold to the French Vinci Group in 2012 with the infrastructure specialist paying a full price in the knowledge that it easily can recoup this from higher charges to businesses using the airport to trade, and from increased landing fees paid for by travellers as part of their ticket price.

EN125 repairs this summer, maybe...

roadworksThe Secretary of State for Transport on a visit to the Algarve to discuss, among other things, the renovations promised for the region's crumbling EN125 ‘alternative to the motorway’ road, said yesterday that Estradas de Portugal is to "submit a plan by the end of the month."

Sérgio Monteiro has never wanted to spend any money at all on the EN 125 and his previous attempt at blackmail, offering a stark choice between rail or road upgrades for the Algarve, endeared him not a bit to the Algarve’s business and resident community.

Property rates ‘ready reckoner’ released by DECO

decoHouse owners now can enter details on a DECO website and discover how much they should be paying in property rates each year.

According to consumer champion DECO, householders recently have shelled out an extra €8 million due to the Treasury’s flawed method of calculating the valor patrimonial of properties.