The Portuguese Navy has rescued a Hungarian kayak team drifting and slowly sinking south of Vila Real de Santo António.
The two Hungarian kayakers were found 40 kilometres south of Vila Real de Santo António and were saved by the help of swift action from the Coordination Centre for Maritime Search and Rescue in Lisbon linked in to the VRSA port authority.
The rich list for Portugal, complied by Exame magazine, is again led by businessman Américo Amorim who was pushed into second place in 2012 by Alexandre Soares dos Santos who now is running second.
Américo Amorim has been at the top of the pile in 2008, 2009, 2010 and 2011.
His fortune is now estimated at €4,500 million and had risen by a surge in the share price of Galp Energia, Banco Popular and Ceibo Amorim.
Patrick Monteiro de Barros confessed to "shame" at Portugal’s €485 minimum wage, "one of the lowest in all of Europe," also accusing politicians of an unwillingness to fight this injustice.
"I am ashamed," he said at the 'Business in Box' conference in Lisbon today.
Patrick Monteiro de Barros is one of the richest men in Portugal, a keen Olympic yachtsman with a handful of surprising and risky business ventures under his belt which earned him the financial status he enjoys today.
Portuguese purchasing power is still €3,000 below the European average. Portugal occupies the 20th place in terms of per capita purchasing power in Europe, lying in the middle of the list of 42 countries surveyed by research firm GfK.
Each inhabitant has an annual purchasing power average of €10,018, about three thousand euros below the European average of €12,890.
Not yet having recovered from its reputation of corrupt building practices and bulldozing houses, the Spanish government is now being accused of promoting illegal houses to potential expat buyers.
At present, some estimated three million houses in the country are still without owners since the market crashed in 2007.
Britain's state pension is among the least generous in the developed world.
Only people in Mexico receive less from their government on retirement, a study has found for the Organisation for Economic Co–operation and Development.
The British Chancellor is working on plans to charge capital gains tax on wealthy foreigners buying property in the UK, but the initiative could wind up affecting expats as well.
It has been reported that George Osborne is planning to announce that capital gains tax will be charged on British property sold by expats.
As an antidote to miserly and short-sighted councils such as Faro and Lagoa that are not even having Christmas lights this year, Monte Gordo is hosting a major five day event leading up to New Year’s Eve to see off the current recession blues and show how having fun actually can be... fun.
From the 27th of December for five nights VRSA appears to be the in place starting with a Retro night featuring Katia Aveiro – Ronaldo’s sister - followed by Wildboys Red One, responsible for hits by Lady Gaga and Jennifer Lopez. Of suspect inclusion there is a Michael Jackson tribute performer, followed by Flashback Brothers and Bruno Lawrence.
