Portugal's debt and treasury agency today issued €975 million in government bonds with demand exceeding supply by 2.43.
The ten-year bond sale was seen as an acid test for Portugal’s financial stability and the achievement of an average interest rate of 3.2524%, compared to 3.5752% in the last auction in April, has been heralded across Europe as a success.
The amount of private wealth in households around the world jumped more than 14% last year, hitting $152 trillion (£90tn).
The UK sported the world's second largest number of super rich households for a second year in a row, but the rate of growth is faster in other wealthy countries.
A sad day for Silves ratepayers as reports are made public that their council has started to make payments in the Viga d’Ouro scandal.
The municipality transferred €480,000 to Banco Espirito Santo in late April, and in May a payment of €408,000 was made to Millennium BCP, the two banks unwittingly involved in the case.
Users of Airbnb in London at least will be relieved that reforms in the law means that they will be able to rent spaces in their homes without fear of prosecution.
The changes also apply to other short-stay websites, such as One Fine Stay, a British version of Airbnb.
Portimão council ‘anticipates’ paying its workers' wages for June and their holiday bonuses without deductions after the Constitutional Court said the taxation of bonus payments was unconstitutional, according to the mayor.
With a 2014 budget of around €38 million, Portimão has a wages bill of €15 million and the staff always have been paid on the dot, unlike suppliers to the council which have had to wait an average of 2 years 6 months for settlement of their invoices making Portimão council the worst payer in the country.
Silves currently is characterised by uneven streets with potholes, traffic signs planted in the middle of pavements and a distinct lack of parking for disabled people.
These are numerous physical barriers that hinder the enjoyment of the city for partially-sighted people and for those with reduced mobility.
Boots in the UK is now offering a delivery service for a good many of its products to 19 countries, including Portugal.
Boots says it has thousands of health and beauty products available.
The high demand for shopping centres in the Loulé area is now worrying the council which has commissioned a study by the University of the Algarve.
"The council decided to ask the University to undertake a study that will anticipate the impact on the local economy of the opening of new shopping centers," according to mayor, Victor Aleixo.
