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Second bailout being discussed

EIC 25 November 2013

piresdelimaThe Socialist Party declined today to go over in detail the recent rabble-rousing statements made by former PM and former President of the Republic, Mário Soares.

"To infer that violence is at the door is an inference from Dr. Mário Soares and we have no direct comment, but we should carefully read the signs that Portuguese society has been giving out and its disappointment at the austerity measures," said the PS national secretary.

Read more …

Expat victory over HMRC

25 November 2013

hmrcWhen James and Sarah Glyn retired to Monaco in 2005, they did not expect to be charged £5.5 million by HMRC after receiving £29 million from selling his family property portfolio.

The couple returned regularly to London for Jewish festivals and traditional Friday night suppers with their grown-up children.

Read more …

New Algarve wine launched for Prince George

25 November 2013

vinesSir Cliff Richard, 73, has introduced a new sparkling rosé wine to the market.

Called Congratulations, the name is a reference to his 1968 hit.

Read more …

More Brits hit by inheritance tax

25 November 2013

londonpropThe inheritance tax threshold in the UK is being quickly outstripped by rising house prices.

As a result, tens of thousands of families could be affected in the coming five years.

Read more …

Card payment system crashes across Portugal

EIC 25 November 2013

continentePayment card operating company SIBS confirmed the ‘existence of technical problems’ in payment terminals across the country this afternoon, but cash machines (ATMs) were unaffected.

“The network of payment terminals (TPAs) has been recording technical disturbances during the afternoon of Monday” confirmed SIBS with masterful understatement.

Read more …

Home Affairs Minister accused of intimidation

EIC 25 November 2013

parliamentThe Association of Professional Guards has accused the minister of Internal Affairs of issuing “intimidating” statements.

The Association of Professional Guards said today that it regretted that the Minister of Home Affairs had said it was ‘unacceptable’ for officers to mount Parliament’s steps during the demonstration last Thursday. Miguel Macedo also claimed this behaviour “will not be repeated.”

Read more …

Restaurant VAT at 23% raises more, forget about the job losses

EIC 25 November 2013

restaurantThe VAT rate on restaurants and catering has had a ‘positive impact’ of €180 million, according to a delighted Secretary of State for Fiscal Affairs.

Paul Nuncio was speaking on the last day of debate on the 2014 state budget and accused the opposition socialists of using ‘wrong numbers’ in its analysis of the impact of the rise in VAT from 13% to 23% in 2012.

Read more …

Ryanair rebrands itself while O’Leary steps aside

24 November 2013

ryanair2Ryanair’s leading light, Michael O’Leary, has said he will remove himself from public view but will carry on as the chief executive.

Mr O’Leary, 52, has fronted the budget carrier for nearly 20 years during which steady growth reached record profits of €602 million last year.

Read more …
  1. Scotland names its independence date
  2. Renewed attempt to clone extinct animal
  3. Global diving conference comes to Portimão
  4. Portimão council demands dismissal of the head of the Algarve’s hospitals
  5. GNR nab thieves after high speed chase in Sagres
  6. Staff strike at Portugal's airports has 100% support
  7. Portuguese president refers pension cuts to the Constitutional Court
  8. Southern Europe housing market struggles

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