Road operator Brisa reported today that a slight economic improvement enabled a lower revenue decline for 2013.
Brisa profits reduced in 2013 by 0.7% to €27.5 million. The company said that the slowdown in the contraction of the Portuguese economy showed a slower loss in traffic than in 2012.
More all-inclusive hotels, promote Portugal as a whole and become more price competitive, there are the strategies to follow to regain German tourists.
This German market has always been important to the industry but in recent years Portugal has dropped off the German radar, according to the president of the Association of German Travel Agents, Jürgen Buchy, who is visiting Lisbon.
Cheap looking rent-a-car companies that feed off Portugal’s airports are to be regulated by ANA which is fed up with customer complaints and a lack of income from unlicensed operators.
The cowboys that operate from premises outside the airport area are going to have to pay fees to the airport operator in return for properly designated space in which to conduct their business as well as signage in the arrivals area.
The UK’s version of the ‘golden visa’ has seen more than 850 multi-millionaires over the last five years gain the right to live in Britain.
The scheme was introduced in 2008 for investors willing to spend a minimum of £1 million in government gilts in exchange for a visa, but not a UK passport.
Spain’s prime minister has told Catalonia that its referendum on independence is “illegal”.
Mariano Rajoy used the occasion of his state of the union address to declare that "this referendum can't take place, it is not legal".
The Vatican bank, one of the most secretive in the world, will have a new department overseeing its finances.
The new entity, created by Pope Francis, comes after the bank’s involvement in a number of scandals over several decades.
The Portuguese cork industry is to invest €7.3 million by the year end in a communications campaign to help the sector burst through the barrier of €1 billion of exports.
The Intercork II campaign will concentrate on 9 markets - the USA, China, Germany, Brazil, Italy, France, Canada, Sweden and Denmark, the main focus will be on cork stoppers to wine producing countries and cork as a building material used worldwide.
Deputy Prime Minister Paulo Portas today responded to IMF criticism that Portuguese exports are unsustainable.
Portas said that export figures for 2013 showed a growth rate of 5.7% over the 2012 figure, which was a very positive result and ahead of national and international forecasts.
