At the largest tourism fair in the world in London, Lisbon has won the Amadeus & WTM Travel Experience Award to add to an impressive tally of gongs this year as a top ‘value for money’ destination.
Portugal continues to scoop awards as one of world’s destinations with the best quality to price ratio. This time Lisbon was awarded the top spot in this category sponsored by the World Travel Market and the Amadeus group.
The total wealth of the 870 millionaires in Portugal has increased by €7.5 billion, despite the economic crisis plaguing the country.
A report by Swiss bank UBS concludes that there are 85 more stonkingly rich people in Portugal, defined as those having assets of €22.4 million or more, than in 2012 .
According to the report on the Ultra-rich of the World for 2013, this increase means that 870 millionaires Portuguese have a joint wealth of €75 billion, representing an increase of 11.1 % compared to 2012.
The JESSICA fund already has contributed to the renewal of the historic center of Vila Real de Santo António, but there is now more money available for urban regeneration projects in the Algarve.
The highest property taxes in the developed world are to be found in the UK.
Residents of the UK pay twice as much as the international average, according to the influential think tank Policy Exchange.
The interest rate in the eurozone has been slashed to 0.25%, taking the markets by surprise.
The rate, set by the European Central Bank, is a new low and applies to its central, or main refinancing, rate.
Driverless cars are to be introduced on the streets of Milton Keynes by 2015.
Twenty trial pods will run on lanes which have been separated from pedestrian traffic.
Portugal’s parliament has passed a resolution that ‘recommends’ that the Government proceeds with the refurbishment and electrification of the Algarve railway line.
The resolution was published today in the Official Gazette, but the detail contains not a word on the electrification of the line or the long overdue renovation of tracks and stations.
Unemployment levels fell in all regions of the country, with the exception of the Azores, in the third quarter compared to the previous quarter, with the Algarve, Madeira and Lisbon registering significant falls.
According to figures released this morning by the National Statistics Institute the overall unemployment rate in Portugal was 15.6% in the third quarter, 0.8% below the previous quarter and down 0.2 points in same period in 2012.
