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António Costa promises voters stable economic growth in a possible financial storm

costa electionsCampaigning for Portugal’s general election kicked off Monday with Prime Minister António Costa enjoying big poll leads.

Thomas Cook collapse is more “bad news for the Algarve”

thomas cookTour operator and airline Thomas Cook's bankruptcy, announced this Monday, September 23rd, has left many Algarve tourism workers worried. In addition to the “negative repercussions for tourism”, the end of the operator will also have an impact on hoteliers due to the “many accumulated debts of services that have already been provided”.

University of the Algarve welcomes over 1800 international students thanks to “diversified program”

university diversityThe University of the Algarve (UAlg) is hosting activities for the more than 1800 international students who will study at the Algarve University this academic year.

São Brás de Alportel invests in the improvement of local forest paths and aqueducts

aqueduct improvementsThe São Brás de Alportel City Council will invest around 28 thousand euros in the improvement of forest and agricultural paths, and in the construction of aqueducts, with the objective of "ensuring the accessibility of rural paths and better access to water points".

EDP fined €48m over abuse of its dominant market position in Portugal

edp finedRegulators have fined the production arm of Energias de Portugal, the country’s leading power utility, €48m for abuse of market dominance over a five-year period, saying it was responsible for “a serious restriction of competition”.

Secretary of State for Environmental Protection quits amid wildfire money corruption investigation

secretary corruptionJosé Artur Neves, secretary of state for environmental protection, handed in his resignation on Wednesday, the same day police and magistrates searched government offices as part of a corruption investigation.

PSD welcomes recent Ryanair Faro base news with “moderate satisfaction”

psd ryanairThe PSD’s Faro division has revealed its “moderate satisfaction” over Ryanair's announced decision to not close its operating base at Faro Airport, but the party regrets that the solution found would involve the dismissal of around half of the current workers.

“Europe's hottest property market is Portugal, and it’s getting too hot for some.” says Bloomberg

bloomberg propertyAccording to the financial agency, the rent price boom - which is throwing many residents to the outskirts of Portugal’s big cities - is directly related to the millions of euros injected by foreign investors through a so-called golden visa program, which offers residence permits in return for a minimum 500,000-euro investment.