In the sharpest series of falls since 2011, Portugal’s PSI-20 saw €3.5 billion lopped of share valuations on Lisbon’s Euronext.
A climate of international political and economic instability triggered a loss of nerve on Friday with the ninth consecutive session ended lower than the last, leaving the Portuguese Stock Index at the year’s low.
José Sócrates’ defence team left it until the very last minute before submitting a formal request that a judge looks at their client’s case to see if there is a case to answer.
This legal step is unlikely to excuse the former prime minister from having to answer charges, including money laundering and corruption, as Sócrates is the star turn in Operation Marquês that has seen many of Portugal prominent businessmen and politicians investigated and charged.
The public tender for a new water supply and sewage network for Clareanes, Malhada Velha and Carvalhal, all in the parish of S. Clemente, on the outskirts of the city of Loulé, has been approved.
The €2.5 million spend will improve the lives of 250 inhabitants.
The Ria Formosa island of Culatra has been terrorised by a mentally unstable man who is suspected of at least 17 assaults and thefts. (Please read UPDATE below).
Several victims have complained to the Maritime Police about random attacks by Valter Macário who has a record for sexual crimes.
Novo Banco is selling off €1.75 billion of bad debt, or ‘non-performing loans’ in bank speak.
The ailing bank, now controlled by US vulture fund, Lone Star, has begun a process to enable interested parties to place October bids for two tranches of securities (sic) that represent the biggest ever sale of dud assets in Portugal’s history.
Complaints about MEO topped the register last year with the National Communications Authority receiving 101,100 complaints about telecoms suppliers and Portugal’s postal services.
According to the latest report from ANACOM, 57,000 complaints were registered in complaints books with a further 17,000 registered using the new online complaints service. A further 27,000 complaints were made directly to ANACOM.
Silves Police officers are investigating the violent death of a local man, found dead near to his hut by the Arade river.
Jose Martins Nunes, 57, known locally as 'Zé Prego', was found with five deep head wounds.
The air service between Portimão and Bragança in the north of Portugal has announced its best occupancy figures since the subsidised service was launched in December 2015.
So far this year, 12,006 passengers have used the service, or parts of it as the route included stops in Vila Real, Viseu and Cascais.
