The Police have executed a warrant and arrested a 21-year-old unemployed man on suspicion of the fatal stabbing of a Cape Verdean at a popular bar in Montechoro, Albufeira.
According to the Police statement, "the crime occurred inside a night-time entertainment establishment (the Chor Bar) at dawn last Sunday."
The remaining lynx, of the 29 taken to Spain as the Monchique fire advanced on the reproduction centre in Silves, are returning to the Algarve.
Rodrigo Serra, director of the National Centre for Reproduction of the Iberian Lynx, located near the Arade Dam, said he expects to receive the remaining lynx by the end of this week as the repair work to fire damaged areas has been completed.
If the UK government thought that Portugal would be keen to negotiate a soft deal for British interests and British citizens living in the republic, Prime Minister Carlos Costa has made clear that his allegiance is to Brussels and his EU partners, not to 'break-away Britain.'
Costa said yesterday that nothing but a 'divine light' would be able to reconcile the divergent positions of the European Union and the United Kingdom, repeating that the Brexit agreement is the only one that exists and that it is not up for renegotiation.
Overseas property and finance expert Simon Conn has identified potential opportunities following reports that a number of British residents are leaving Spain.
Spain’s National Statistics Institute revealed a drop in the number of Brits living there in the last five years. However, Simon believes properties being sold by people who already have a home in Spain and are looking to sell it to return to their previous country could be snapped up by other purchasers at a favourable cost, including to those based in the UK.
At the request of Portugal, the European Commission has green-lighted the modification of eleven 2014-2020 Cohesion Policy programmes to shift resources where they are now most needed, according to an announcement from the European Commission.
€2.7 billion of Cohesion Policy funds will be redirected towards priorities defined by the Portuguese government. In light of solid economic growth, the reprogramming of Portugal’s Cohesion budget will enable the country to continue implementing structural reforms and ensure the sustainability of public finances while investing for the future.
Once again, the Algarve is the region with the greatest economic growth in 2017, heading the Alentejo, Madeira and Lisbon which all grew above the national GDP of 2.8%.
The Algarve’s economy grew 3.5%, mainly due to tourism, according to data released by the National Statistics Institute on 13 December.
The shifting of debt, in 2015, from Novo Banco back to BES continues to plague the man that planned the move, Carlos Costa, the governor of the Bank of Portugal (pictured hard at work) whose litany of poor decisions has cost the country’s taxpayers billions of euros during his tenure.
The Portuguese Republic now is being sued by a group of international investors who were ripped off when the Bank of Portugal shifted BES senior debt to Novo Banco and, a year later, switched it back to BES ‘bad bank’ thus rendering the investments close to worthless.
The latest Moody's prediction for property prices in Portugal predicts is for continued growth, citing low unemployment and foreign investment as the reasons.
Greg Davies, senior vice president and senior analyst at the rating agency, said the 12 to 18 month forecast is for property price inflation, especially in Lisbon even though there is a widening disconnection between income levels and real estate prices.
