A fisherman slipped off the rocks on Sunday morning at Barriga beach, Vila do Bispo.
According to the Faro District Relief Operations Centre, the alert for the 47-year-old Dutch national alert was given at 08:26 this morning and emergency services rushed to the area to try and locate him.
A 4.9% increase in Portugal’s tax revenue outstripped the 4.5% growth in State spending last year, mainly due to increased income tax and corporation tax revenues which registered a year-on-year rise of 7.7% as at the end of 2018.
The state raised €44.3 billion in taxes in 2018, an increase of €2.09 billion over 2017, according to a budget analysis released by the Directorate General for the Budget.
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.
