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Portuguese shun physical activity

cyclingalgarvePeople in Portugal have one of the lowest levels of sport and physical activity in the EU.

A Eurobarometer survey found 64% of people in Portugal said they never exercised or played sport.

Car thieves target British airport long-term parking

rr2Tracker devices were placed on luxury cars in the UK by a gang of thieves, a court has heard.

The criminals staked out airport car parks and fitted cars with sophisticated cloning devices which can replicate “contactless” keys.

Santander UK gets caught and fined

santander2Santander UK has been fined £12.4 million because of its widespread failings in its investment advice.

The Financial Conduct Authority initially levied a fine of £17.7 million but the bank got a 30% reduction for agreeing to pay up early.

Sotheby's sell €38.5 million of Portuguese properties to foreign buyers

villaAt the upper end of real estate brands sits Sotheby’s, an estate agency business that negotiated the sale of 51 luxury properties to foreign customers last year, especially in Lisbon and the Algarve, for an average value of €755,000.

Gustavo Soares, the Director-General of Sotheby’s in Portugal said that Portugal continues to attract foreign capital, benefiting Portuguese sellers and the country with inflowing capital and increasing domestic consumption."

Portugal's caviar dreams come true

caviarAn Algarve-based caviar project has steadily and stealthily been developed at the Gambelas Campus of the University of the Algarve.

Successful tests show that the famous beluga and sevruga sturgeon roe - the most expensive in the world worth between €6,000 and €12,000 per kilo - can successfully be produced at an Alentejo-based nursery.

Guadiana Eurocity card launched with cross-border discounts

guadianaThe Guadiana Eurocity project that links Vila Real de Santo António and Castro Marim on the Portuguese side of the Guadiana river, with Ayamonte on the Spanish side, is launching a Eurocidadão Card to enable residents of any of the municipalities to share cultural and sporting facilities and to take advantage of each others' health services, at a discount.

The launch of the card was marked today by the delivery of the first copies of the card documentation to the mayors of the three municipalities of the Guadiana Eurocidade scheme.

Another fatal parachute accident at Portimão Aerodrome

portimaoaerodromeA German man aged 40 died today in a parachute accident at Portimão Aerodrome near Penina.

According to the emergency services centre in Faro, Stefan Hewekerl was practicing for the annual 'Skydiving Algarve Spring Boogie' meeting which started on Saturday.

New lottery is just ‘free advertising for Audi’

audia7The head of Portugal’s Institute of Chartered Accountants said today that the new free draw for taxpayers who have submitted receipts in the new 'Fatura da Sorte’ lottery should instead have been offered financial benefits rather than an expensive imported German car.

Domingues Azevedo, as chairman of the Institute, today criticised the 'disguised advertising' that the government has given to Audi, the brand of car chosen  for the prizes, and said that money or tax rebates would have been more appropriate.