The founder of Banco Comercial Português (BCP,) Jardim Gonçalves, was sentenced today to two years in prison, suspended upon payment of €600,000, for the crime of market manipulation.
The shamed founder of BCP considered that his conviction is a "painful moment" but has every hope of being acquitted on appeal and has yet to apologise for his actions as one of the country's top bankers.
Hot on the heels of a failed IT project to link the Algarve’s councils with a fibre-optic system, the insolvent company Globalgarve is pressing ahead with another project to invest €3.3 million in digital billboards, using EU funds.
The Business Association of the Algarve (ACRAL), which also owned the publication ‘O Algarve,’ - also failed – now is run by Victor Guerreiro, as is Globalgarve – Cooperação e Desenvolvimento, SA.
A display of comparison pictures taken 48 years apart has been launched by Albufeira council as part of its ‘houses with history’ project
The 39 ‘then and now’ pictures taken in and around Albufeira form the same points show well known and emblematic places in the city.
The benefit to the UK for staging the 2012 Olympic Games has reached £13bn.
British companies continue to capitalise on the success of the event and have won contracts from countries now pursuing other similar events.
More than 1.6 million people in the UK exchanged currency at British airports last year, despite the high charges made at airport terminals.
In fact, the number of people using airport exchanges rose in 2013 by 15% compared to 2012, according to research by the Post Office.
The authorities in China appear to have reacted badly to claims that the country was on course to become a Christian state.
A number of statues depicting scenes from the Bible, including the crucifixion, were destroyed; others were removed or sealed off from view at a Catholic pilgrimage site, nicknamed China’s Jerusalem.
Faro's mayor, Rogério 'One Lane' Bacalhau, should resist the temptation of answering questions in radio interviews until at least he has an opinion.
Sul Informaçao reported on an interview that Bacalhau gave on the University of Faro’s radio station about the proposed new bridge from the mainland to Faro Island.
The Attorney General's Office has confirmed the arrest of a former Director-General at the Ministry of Internal Affairs, adding that the suspect shortly will be questioned in the Central Court of Criminal Investigation.
The Judicial Police arrested 48-year old Alberto João Correia on Tuesday. Until February he had been the Director-General of Infrastructure and Equipment at the Ministry where searches have been carried out, as well as at various construction companies, in an operation involving dozens of Judicial Police inspectors who now are combing through old contracts.
