'Drunk driver' - latest Madeleine McCann theory dismissed by parents

praiadaluzKate and Gerry McCann have rejected the latest theory that Madeleine wandering out of the holiday apartment looking for them, was hit by a vehicle and hr body taken away and later dumped.

The latest theory doing the rounds is that the three-year-old left the apartment in Praia da Luz, of her own accord, before she disappeared but Kate and Gerry McCann insist that their daughter was kidnapped by someone while they were on holiday in May 2007.

Bank of Portugal's governor dampens 'feel good factor'

bopcarloscostaThe governor of the Bank of Portugal said at a dinner on Sunday that people’s aspirations simply can not be met in the current economy.

Speaking at the Porto Business School, Carlos Costa stated that, "It is clear to all that the aspirations of individual well-being and collective equity of Portuguese society today exceed the production capacity of the economy.

Owners of property valued over €2 million will pay more tax

villaThe Government has accepted proposals from the Left Bloc and the Communist Party to create a new tier in the IMI Additional Tax regime, raising the taxation rate on combined property assets above €2 million.

Of concern to only the wealthy, but yet another reason to question investing in Portuguese real estate, the current 1% rate will become 1.5% next year.

Comporta Estate will be 'filled with white elephants'

ComportaAerialIn attempt to scupper the sale of the Herdade da Comporta estate to developers, Portugal’s top environmental organisations, including Zero, Quercus and the League for the Protection of Nature, today issued a statement that there is no "public interest" that justifies the ruination of this natural area.

The former Grupo Espiríto Santo asset is to be sold off to Amorim Luxury SA and Port Noir Investments SARL - better known as Vanguard Properties – as long as the creditors of Gesfimo approve the sale at a meeting this week.

CTT starts to close rural Post Offices in the Algarve

cttcounterA report in the algarvedailynews on November 20th covering the closure of CTT Postal services in Ourique, ended with a warning that, “moves also are afoot to close the Post Office in Alcoutim, transferring services to the Council.” (HERE)

The local Communist Party has condemned the closure, stating that the transfer of postal services to Alcoutim Council’s offices “does not serve the population of Alcoutim.”

Chilled Americans advised to seek Algarve warmth

beachPintadinhoAs winter temperatures start to bite, International Living magazine has listed seven ideal destinations where US readers can escape the cold.

The Algarve emerges as one of these ‘winter paradises’ that offers a warm climate all year round and is good value for money for those escaping the ice and snow of northern climes.

New Faro-Olhão sewage treatment plant to end infamous 'Olhão Stink'

MinisterEnvironmentThe Minister of the Environment and Energy Transition, João Pedro Matos Fernandes, is heading south on Wednesday to open the new Faro-Olhão sewage treatment plant and the associated Faro-Olhão pumping station.

Not one to miss such an auspicious event, the Secretary of State for the Environment, Carlos Martins, will be present as well Councillors from Faro, Olhão and São Brás de Alportel municipalities.

TAP receives first of 20 new widebody Airbus A330neos

taplogoTAP Air Portugal has taken delivery of the world’s first new generation widebody A330neo, writes Breaking Travel News.

As the launch airline, TAP will be the first to benefit from the aircraft’s unbeatable operating economics, increased range, and Airbus’ new Airspace cabin offering passengers the best in class comfort.