More than ten years after the opening of the Estádio Algarve located between Faro and Loulé, the presidents of the two municipalities that own it have admitted that the stadium represents a major financial burden but it is not a ‘white elephant,’ as many have called it.

The ratepayers of Faro and Loulé may not know it but they are subsiding the stadium by €30,000 a month. A figure that would be between €70,000 and €100,000 a month if events were not held there according to Faro mayor Rogério Bacalhau.

The death of comedy actor Rik Mayall is being mourned in the world of film and TV. Mayall’s last role was in a Dutch comedy film beiing shot in the Algarve.

"Escape" has its debut scheduled for April 2015 and is being filmed in the Algarve this May and June. The film is in Dutch and is being shot in various locations in the Algarve around the Carvoeiro, Lagoa and Albufeira.

The travel firm Villa Parade has gone into liquidation, owing customers more than £3 million.

The collapse of the up-market company is the largest in the travel industry since 2008.

New British passport applications are said to be taking at least double the advertised time to process.

Previously, we reported on delays experienced by applications by expats, but delay seems to pertain to all requests although Applications from Britons living overseas are understood to be among the most seriously affected by the delays.

Approval ratings for King Juan Carlos of Spain have increased after he announced his plan for abdication.

The 76-year-old king plans for his oldest son, Prince Felipe, to take his place.

Portugal’s Treasury is to place the first significant issue of long-term bonds since the departure of the 'Troika.'

Ten-year bonds will be on offer on Wednesday in order to raise a total of €750 million for the government to spend.

Two German tourists who went on a hike in Madeira’s mountains have been found dead at the bottom of a ravine.

A rescue team of firemen, volunteers and Public Security Policemen found the bodies on Sunday. The couple, in their 60s,  had been missing since Wednesday 4th June.

The Turkish-American Professor of economics, Daron Acemoglu, from the Massachusetts Institute of Technology (MIT) that Portugal has identified two problems regarding Portugal’s economic prospects, one of which involves "aspects that are very archaic."

The renowned economist, he is in the world's top ten, said that the main problem is that Portugal is way behind in terms of its human capital because its workforce has not been sufficiently educated, but now it is catching up.