Multi-millionaire football team manager, José Mourinho, has been fined €2m and handed an agreed one-year suspended prison sentence in order to end the Spanish tax evasion case against him.
The manager of Manchester United had been charged with two tax frauds, dating back to when he was at Real Madrid, which denied Spain’s treasury €3.3m in 2011 and 2012.
Warning bells have been ringing in estate agencies across Portugal due to the Left Bloc’s insistence that the 2019 State Budget should include the scrapping of the Non-Habitual Resident scheme that has attracted thousands of foreign buyers of property.
Finland already has torn up its tax treaty with Portugal, with Sweden making firm steps to do the same.
As a result of strong domestic and international demand, coupled with a shortage of property for sale, house prices in Portugal are expected to increase 9.5% this year, predicts S&P.
If this estimate is correct, Portugal will be the European country with the highest rise in real estate prices among the ten countries that the US rating agency has analysed.
Political and practical obstructions have left the Monchique mayor little option but to announce that the repairs to, and reconstruction of, properties damaged by the recent devastating fires, will only be concluded in 2019 “due to legal problems.”
The wildfire that swept across the hills and through the valleys of the densely wooded Council area started on August 3rd and finally declared extinguished a week later after 27,600 hectares of land was left charred with many buildings damaged or destroyed .
The Sagres, an impressive three masted training ship, will arrive at Faro docks tomorrow to kick start the City’s annual day of civic celebrations.
The Sagres will be at Faro's Commercial Pier from September 5th to 8th in an historic first visit.
It’s the end of the road for the residents of the Faro Island camp site, the scene of a long-running battle between the residents and Faro Council which has voted to move them on to make way for tourist facilities.
The Council now has scrapped the agreement that was in place with the Association representing the occupants of the camp site and the residents will have to move on September 15, 2019, or be moved.
The Attorney General's Office has confirmed that a complaint has been received relating to the closure of Premier FX, the Algarve based foreign exchange company, owned and managed by Peter Rextrew (pictured, left), that shut up shop in July leaving hundreds of customers without access to their money which, at things stand at the moment, is missing from the Barclays account where it was meant to be safeguarded.
The situation involving Ryanair workers will be discussed in Portugal’s parliament as a new European strike is planned for September.
Ryanair will not be sending anyone to parliament to clarify the labour situation which has led to several strikes since the beginning of the year.
