Portugal’s State borrowing costs have hit a pleasing new low with a tranche of ten-year bonds costing taxpayers under 1.3%.
€1.25 billion of debt was sold at the lowest interest rate yet, with the years of recession and high rates now a thing of the past - until the next one.
A 28-year-old man was arrested by the Loulé GNR yesterday, (Tuesday March 12th,) for drug trafficking.
A GNR patrol, in the Vale Formoso area in the municipality of Loulé, spotted a drug deal going on, "that GNR personnel witnessed the suspect making a drugs sale and arrested him in the act."
A flood of complaints concerning aircraft allegedly flying over Albufeira that have left local citizens at their wits’ end due to “noise and pollution” has forced the national civil aviation agency (ANAC) to call a meeting at the headquarters of the regional tourism board in Faro on Monday, April 1 at 2.30pm.
In an ostensibly upbeat story, SIC television news reported on Monday that parliament is working on plans to ‘get tough’ with politicians who don’t fully report their wealth and earnings.
The new crime of ‘qualified disobedience’ could send errant politicians to jail for three years, explained the report, stressing that MPs are working on “increasing sanctions” and widening the scope of the crime to include other professions like judges, magistrates and senior civil servants.
2018 saw Portugal among the top three European countries registering the greatest increase in requests for patents for new inventions.
Coming from companies and universities, the 222 requests represented a 47% increase on numbers for the year before.
A member of the GNR and various local fishermen rescued a 37-year-old man who was swept off a jetty in Quarteira and ended up 400 metres from the coastline.
According to information from the GNR, an alert was received at 3:30 p.m. last Thursday saying that someone was in trouble and in danger of drowning.
The Algarve’s Council and the Environmental Fund are subsiding bus and rail travel across the Algarve by paying for half of each ticket purchased.
The measure was approved on March 8, by the mayors’ group, AMAL, and will be applied from May with no mention of when the promotion will end.
Michael O'Leary leaves Ryanair after 30 years at the controls, stating that, "much of the negative image is due to something stupid that I said 25 years ago."
The executive president of the Irish airline is aware that his comments, especially about unions, has undermined Ryanair's image.
