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More female millionaires in Portugal

26 November 2013

yachtPortugal has the highest percentage of women millionaires in the world.

Only 10% of all the multimillionaires in the world are women, and Portugal heads the list of countries by having 23.8% of the Portuguese multimillionaire population.

Read more …

More passengers turn to Gatwick

26 November 2013

gatwickAir passenger numbers using Gatwick have risen to 20.8 million from April to September of this year.

This hefty 4.4% increase over the same period last year has resulted in a boost to profits of nearly 19%.

Read more …

Spaniards suffer without electricity

26 November 2013

spanishapartmentsMillions of households in Spain have had their electricity cut off.

This year alone, nearly 1.5 million Spaniards, unable to pay the bills, have seen their supply terminated.

Read more …

Budget will increase bad loans, warns Bank of Portugal

EIC 26 November 2013

bankofportugal2A report from the Bank of Portugal shows that the further cuts envisaged in the 2014 State Budget may well have 'negative consequences' for the banking system.

Published on Tuesday, the Bank’s Financial Stability Report outlines some risks that the new budget may bring to the national financial system, primarily an increase in bad loans.

Read more …

Damning prison system report highlights lack of progress

EIC 26 November 2013

prisonThe latest report from the Committee against Torture at the Council of Europe exposes the grim reality of the Portuguese prison system, nothing has improved since its last visit.

Prisons rife with gang violence, overcrowding and poor health care are being looked at - but not too closely - as the Government says it is taking action, but budget problems have delayed improvements.

Read more …

Algarve freezes at -2.5 degrees

EIC 26 November 2013

snowtyreLow temperatures will drop still further over the new few days as the Algarve records sub-zero temperatures.

The cold period continues and the Algarve joins the rest of the country in freezing temperatures, recording 2 degrees below zero at first light this morning.

Read more …

Ryanair shuns the Algarve

EIC 26 November 2013

airplane2The low cost airline Ryanair already runs operations from Lisbon airport but now wants to put the Portuguese capital 'on the map, making it a top destination in Europe for 'city breaks.'

"Let's put Lisbon on the map. The Portuguese capital will be the number one destination in Europe for 'city breaks' due to our low fares,” according to the Director of Marketing and Sales for Ryanair in Portugal, Luis Fernandez-Mellado who believes that Ryanair can grow and create new traffic at Portela airport.

Read more …

Heavy sentences for gang that terrorised the Algarve

EIC 26 November 2013

handcuffsThe leader of the violent gang which spread terror across the Algarve in the summer of 2012 was sentenced to the maximum sentence of 25 years in prison.

The other defendants, a man and a woman, were sentenced to 13 and nine years in prison respectively.

Read more …
  1. Second bailout being discussed
  2. Expat victory over HMRC
  3. New Algarve wine launched for Prince George
  4. More Brits hit by inheritance tax
  5. Card payment system crashes across Portugal
  6. Home Affairs Minister accused of intimidation
  7. Restaurant VAT at 23% raises more, forget about the job losses
  8. Ryanair rebrands itself while O’Leary steps aside

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