Portimão Council puts an embargo on the demolition of one of the oldest houses in Praia da Rocha

embargo portimaoPortimão City Council announced yesterday, Thursday, November 7th, that an embargo has been put in place preventing to demolition of the Vivenda Compostela, located in Praia da Rocha, "in order to find alleged" opposition to the destruction of the building, which is regarded as being one of oldest in Praia da Rocha.

Salaries fall in the Algarve, whilst Greater Lisbon bubble still holds

lisbon bubbleThe Portuguese labour market is sending mixed signals. The total unemployment rate fell to 6.1% of the working population in the third quarter of this year, the lowest it’s been in 16 years. The youth unemployment rate also eased down slightly to 17.9%, according to data revealed by National Statistics Institute (INE) on Wednesday.

PSP police detain nine people and dismantles groups involved in violent gang war

gang warPSP officers have detained nine individuals in Lisbon, thus dismantling two groups associated with violent juvenile delinquency who over the past year have taken part in several feuds, resulting in serious injuries.

New government reveals their plan to boost minimum wage

boost minimum wageThe new government has plans to raise minimum wages throughout Portugal, as new data reveals that the country continues to be one of the European Union countries where the national minimum wage is among the lowest, despite the updates of the last four years, which raised the minimum wage by almost 19 percent.

Portugal hopes tech investment from European countries will drive up exports

tech investmentEuropean investment in Portugal's digital sector can help address a shortfall in equity funding for start-ups and support an export-driving technology industry, Portugal's economy minister, Pedro Siza Vieira, said on Wednesday.

Millennium BCP show off best nine-month results in the past 12 years

milennium resultsPortuguese lender Millennium BCP has reported a 5% rise in nine-month net profit on Thursday, thanks to record client numbers and a sharp drop in non-performing assets.

Lagos Council is ready to take over all decentralization responsibilities by 2020

lagos decentralizationBy 2020, Lagos Council will assume all the powers that the Government have decentralized, after only accepting three of the new tasks so far this year, which is the first year of a transitional period that will last until 2021.

Algarve dams’ water levels have been dropping non-stop for the past 20 months

dam droughtThe little rain that fell in October has not helped to relieve the pressure on the Algarve’s dams, meaning that the region continues to suffer from severe drought conditions.