Each resident in Portugal produced, on average, around 487 kilograms of urban waste in 2017.

The statistics were revealed last week by the National Statistics Institute and show a high disparity between the various Portuguese municipalities.

Property prices in Porto have reached record levels. In December last year, bank valuations of a square metre, averaged €1,849, the highest value ever recorded.

According to data released by the National Statistics Institute (INE), the valuation rose by €250 in one year, a 15.6% increase.

As of today, 17 of the 19 national central banks in the eurozone will no longer be issuing €500 banknotes.

Those notes in circulation will be collected and destroyed but, if you are lucky enough to have some, they will retain their value for an unlimited period.

Ryanair lowered its 2018 profit guidance from a range between €1.1 billion and €1.2 billion to a range of €1.0 billion to €1.1 billion, in what Ryanair CEO Michael O’Leary called “a disappointment.”

While over one billion euro in profit can be hardly called a catastrophe, it’s easy to understand the reasons of Mr O’Leary’s disappointment, writes MC01, a frequent commenter, for WOLF STREET.

A little over a month after the welcome news was released that a 22 hectare tourist development near Benagil had been rejected by the Environmental Impact Commission, Millennium BCP has put an even larger, adjacent, tourist development on the market for €89 million.

The rejected project, submitted by Benagil - Promoção Imobiliária S.A. involved use of unspoiled countryside for a hotel, a tourist village and a hotel-apartment building, a total of 1,279 tourist beds.

The Chinese government has pulled out of its bid, through China Three Gorges, to take a majority shareholding in EDP.

Talks with European regulators have been ‘suspended’ regarding the takeover bid that was launched on May 1st, 2018.

The bureaucratic merry-go-round over Faro Council’s plans to open a crematorium continues but may soon be over.

The plan and tendering process commenced four years ago in January but this deal was challenged in court, causing years of delay. The situation now is that the Council hesitantly is suggesting the crematorium will be opened by the end of 2019, due to another contract signed at the January Council meeting.

Brussels again is asking Portugal to amend its legislation that taxes imported used cars as such an astronomical rate.

“The European Commission has decided this Thursday to start an infringement procedure against Portugal since it does not consider the environmental component of the registration tax applicable to used cars imported from other member states for depreciation purposes,” according to a typically convoluted statement from Brussels.