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Recession over- "I think today is a good day for the Portuguese economy"

EIC 14 November 2013

portugalrestaurantThe Economy Minister, Pires de Lima, is now quite satisfied with Portugal’s departure from a technical recession, citing figures from the Office of National Statistics which revealed today that the country's economy grew 0.2% in the third quarter of 2013, compared with the previous quarter.

Pires de Lima said, "there are clear stabilizing elements for the Portuguese economy powered by two important variables: the balance of exports and imports, and the stabilization of domestic demand especially of private consumption."

Read more …

Portuguese businessman arrested in Cape Verde on suspicion of murder

EIC 14 November 2013

handcuffsA Portuguese businessman suspected of having committed a murder in Portugal back in 2008 has been arrested in Praia, Cape Verde.

The arrest comes after an international arrest warrant was issued by the Portuguese authorities.

Read more …

Evora science park puts the Algarve to shame

EIC 14 November 2013

pvFifteen bright and hopeful fledgling and maturing companies already have been signed up for a new science park in Evora. This is a huge vote of confidence in the Alentejo’s ability to attract new businesses and to provide the necessary skilled and specialist workforce to ensure success.

Many of the companies to date work in the area of energy and IT and are moving into the new Parque de Ciência e Tecnologia do Alentejo (PCTA) when it is complete. In fact the park has yet to be started but there is money in place to build a tailor made park to house these, and to attract more sunrise businesses.

Read more …

Eurozone teeters on verge of recession

14 November 2013

euEconomic growth in the eurozone has slowed to a snail’s pace.

The region saw growth of just 0.1% in the third quarter of the year, compared to growth of 0.3% in the April to June period.

Read more …

Online shoppers offered the best deals

14 November 2013

onlineshoppingPeople in Britain are shopping with increasing regularity on the internet and not entering high street stores. Retailers are enticing people online by offering the best promotions there.

According to the Office for National Statistics, there are clear signs that the biggest reductions in prices were to be found on the web during the month of October.ers are enticing people online by offering the best promotions there.

Read more …

Spain hunts 13 most wanted Brits

14 November 2013

gunA list of 13 wanted Brits believed to be hiding in Spain has been released.

The suspects have been accused of a variety of crime, including attempted murder, drug smuggling and child abuse.

Read more …

Loulé council wants to renegotiate its 2012 bailout loan

EIC 14 November 2013

louleconventLoulé councillors unanimously approved a recommendation for the renegotiation of the Program to Support the Local Economy loan that the previous administration signed up for in 2012.

The proposal was approved by all sides after a document presented by socialist members pointed out the urgent need for some "deep reflection" on the loan conditions, particularly regarding the payment deadline, and the measures agreed on to increase council revenue and reduce its expenditure.

Read more …

Mortorway toll collectors in fight with management

EIC 14 November 2013

motorwayMany workers employed to collect tolls on Portugal’s motorway network have been ordered to move location upto 100 kilometres away from their homes, according to their incensed trade union.

The leader of the Trade and Services Workers’ Union, António Vieira, said this is "a threat by Brisa to force the resignation of employees, highlighting the example of a woman resident in Maia, Oporto, who was told to turn up to work in Coimbra."

Brisa has denied any wrongdoing despite accusations of the ‘brutal and illegal’ treatment of hundreds of workers.

Read more …
  1. TAP to be sold next year...or sometime thereafter...
  2. Lagoa’s loss-making Fatacil to undergo a full investigation
  3. Stamping out winter fuel benefits abroad
  4. No one to blame for major environmental disaster
  5. Malta to provide passports to the EU
  6. Silves’ new mayor lifts the lid on the Council’s finances
  7. Loulé’s WWI soldiers remembered
  8. Portimão council leads an anti-toll resurgence

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