Cabo Verde will present a technical proposal to Portugal to solve the repayment of a loan contracted to finance the country’s “Casa para Todos” (House for All) social housing programme, the Portuguese prime minister said last weekend.
“There is a loan whose first maturity is in 2021 and what is agreed between the two governments is that we will work in a way to stagger the payments of this loan according to the financing needs of the Cape Verdean and Portuguese economies,” said António Costa.
A 15-year-old girl, missing in the Algarve since March, has been found alive and well.
The Judicial Police confirmed on Tuesday that the teenager has been located.
A transport strike affecting the delivery of fuel supplies to the nation’s filling stations also has affected Faro airport where supplies already are down to emergency levels.
The strike by drivers of dangerous materials, including aviation fuels, began at midnight on Monday, April 15, and the region’s filling stations soon witnessed a rise in consumption coupled with zero deliveries with social media picking up on stations without fuel.
The Ministry of Finance is looking at ways of forcing companies such as Airbnb and Portugal's 'Uniplaces.' to report property owner data.
The objective is to catch those owners who are involved in tax fraud and tax evasion.
Despite Ryanair’s management heralding a new era of near-perfect labour relations, it has just received a strike notice that may affect flights until July.
On Tuesday, April 16th, the Union representing workers at the low-cost airline and the airport company Groundlink, announced a strike.
Government plans to inject another €1.0 billion into Novo Banco during 2020 and 2021, spinning the disastrous obligation as "a billion euro ceiling.”
The Government plans to transfer the €1.0 billion is part of the public guarantee for the US controlled bank, available until 2026.
Faro is in 8th place, Portimão 16th and Albufeira 19th in the Bloom Consulting 'Top25 Portugal City Brand Ranking' for 2019 which ranks the best cities in which to invest, visit and live.
Faro is the best municipality in the Algarve to live and in which to do business, according to the ranking.
The crowdfunding platform, Housers, is offering Portuguese investors the opportunity to fund the development of a new Algarve University residence.
A two-story building in the centre of Faro is to be converted to house 59 students.
