João Rendeiro, the former president of Banco Privado Português, has been sentenced to five years in prison but, of course, will not spend a single night in jail as his sentence was suspended.
The former bank executive’s must pay €400,000 to Associação Crescer, or he will be jailed. Other BPP managers also received suspended prison sentences despite participating in a scheme that left their customers €41 million worse off.
About 60,000 customers in the Central region were without power late on Monday afternoon due to the storm that hit late on Saturday evening.
Power company, EDP, said that "the number of consumers without energy continues to decrease compared to the peak of more than 300,000 yesterday morning, currently standing at about 60,000 customers, mostly located in the district of Coimbra and in the area of Louriçal, Pombal."
The famous tiles from Santa Monica in Goa, along with rare C16th gold tiles and many other fine examples, will be on display in an exhibition starting on October 20th when, 'From Faro to Goa: a trip through the tiles of Ramalho Ortigão' will be launched in the Municipal Museum of Faro.
Faro Council commented that the exhibition is a chronological and geographical route for the main tiles acquired by the distinguished Naval officer, Ramalho Ortigão, which seem to have been languishing in the museum vault since the 1960s.
The Algarve's hotels recorded more than three million overnight stays in August, the strongest month of the high season for tourism in Portugal, taking a 40% share of the total number of nights spent in the country by tourists.
The regional tourist authority said National Statistics Institute figures show that in a single month, a total of 3,028,000 overnight stays were recorded in the Algarve’s hotels with an unknown additional number spent in rental properties.
It’s a record - a gust of wind measured at 176 kmph,* was recorded at Figueira da Foz on Saturday night as Hurricane Leslie swept over the Portuguese coastline, heading inland towards northern Spain.
This single blast elicited a statement from Portugal’s IPMA weather service, "this is highest value recorded in stations of the national meteorological network."
Pestana Group has serious questions about the Environmental Impact Study for the enlargement of the Port of Setúbal, claiming the study is more to do with commercial interest than with the environment.
The expansion and deepening of the maritime access channel to the Port of Setúbal, which will have environmental consequences for the Sado Estuary and the Tróia Peninsula, "is a matter of deep concern to the Pestana Hotel Group," which runs the Pestana Tróia Eco-Resort on the Tróia Peninsula.
Lisbon Council has decided that tourists should pay more for Council services, such as cleaning and transport, and has decided to increase its ‘tourist tax’ by 100%.
The tax will go up on January 1st, 2019, from €1 to €2-a-night, but capped at seven nights, “to strengthen urban cleaning and transportation in areas with greater tourism pressure,” the Council has announced.
Formerly the second largest shareholder in energy company, EDP, the US-based Capital Group has jettisoned its remaining holding.
On October 1, the Capital Group, announced to the stock market regulator that it was reducing its position in EDP to less than 3%. (HERE). Two weeks later, the Americans informed the regulator that they were selling out.
