The chief executive of Caixa Geral de Depósitos , Paulo Macedo, said today that it is not up to the government to interfere in the bank's lending policy.
"It is not up to the state to meddle in the premiums, the credit policy, or give directions to buy assets and sell assets," said Paulo Macedo during a hearing in the budget and finance committee.
Until June, each orange for sale in Continente’s 274 supermarkets will be from the Algarve and will be accredited as being from a specific area in certified orchards.
The Protected Geographical Indication (PGI) is regulated by the European Union and the partnership with producers means the purchase of around 10,000 tonnes of oranges.
Workers from the former Alicoop supermarket group, formerly based in Silves, are appealing against the seizure of their goods and property, filed by BIC bank and are to protest at the bank's headquarters in Lisbon.
Ten years ago this month, 245 employees of the Alicoop Group, which comprised the Alisuper, Macral and Geneco brands, borrowed €1.7 million from BPN jointly with the Alicoop management to keep the company going.
The Guadiana Hotel in Vila Real de Santo António, renamed the 'Grand House', the 1920s building that has been undergoing extensive renovations, reopened its doors today, February 7th.
The interior has been remodelled to upgrade the hotel to five-star and the exterior has been saved from further degradation by a complete renovation.
Novo Banco has halted a $1.2 billion (€1.06 billion) transfer set up by the Venezuelan government, under President Nicolas Maduro, to banks in Uruguay.
The government opposition already has denounced the planned theft of public funds with its leader, Juan Guaido, keen to halt any such transfers.
Anti-oil association, ASMAA, issued a notice today to inform all those who have been following the anti-oil drilling legal process currently taking place in the Administrative and Fiscal Court of Loulé, that the court hearing, scheduled for 11 February at 2:00 p.m., was cancelled by the court.
The reasons for this cancellation arise from the need to clarify the legal status of the contracts.
The government is extending the Algarve 365 programme of cultural events for another season, starting in October and ending in May 2020
The initial objective was to combat seasonality, improving the tourist experience in the Algarve municipalities, and created a quality cultural programme.
'The losses already caused by Brexit in 2018,' was the key agenda item at a meeting of the newly appointed Executive Committee of Algfuturo.
The committee concluded that, "talking about the problems of Brexit in the tourism sector is talking about the Algarve, since two thirds of the nights spent by UK citizens are in the Algarve. Also, of the total overnight stays of foreigners in hotels in the Algarve, about 40% are from the UK."
