Portugal's railway company 'may disappear'

CPDouroMiradouro"We are far from being competitive," opines Lusa Manuel Tão, the transport specialist at the University of the Algarve.

Tão was describing Portugal’s railway system which is suffering from years of underinvestment and now faces competition under EU liberalisation rules.

Portuguese scientists discover fungal alternative to pesticide

appleMouldyPortuguese scientists at the University of Minho may have discovered a way of depressing Bayer’s share price even further if their new miracle fungus can be commercialised.

The discovery of a species of fungus that can replace pesticides has been discovered by scientists at the University’s Centre for Biological Engineering in partnership with the University of El Manar in Tunisia.

Four Spaniards rescued from cove near Albandeira

AlbandeiraBeachRescueFour stranded Spaniards, cut off by the rising tide, had to be rescued by emergency services on Monday before they were swamped and washed away.

The rescue took place in a cove to the west of Albandeira beach, Lagoa. The Maritime Police from Portimão called out the Ferragudo lifeboat and a jet-ski to rescue three adults and a baby who had become trapped on the beach.

Algarve's business fairs continue to thrive

marizaAlthough FATACIL’s Council organisers have not yet released the final numbers, it is expected that in excess of 170,000 people visited the Lagoa exhibition area between August 17th and 26th.

The best days were the two Saturdays with the fadista, Mariza helping to attract 25,000 and on the second Saturday, the singer Richie Campbell helped to bring in 26,000 visitors on the day.

Premier FX administrators answer questions - creditors' meeting likely

PremierFXPremier FX Limited – In Administration (“the Company”) - Peter Hart and Dina Devalia (the Joint Administrators) have written to the collapsed company's creditors and issued a 'CUSTOMER FAQs' sheet, as below:

Vale de Lobo former Director prepares for trial

valedeloboThe lawyer acting for José Diogo Gaspar Ferreira, the former executive director of the Algarve’s Vale de Lobo resort and latterly one of the defendants in the Operation Marquês case, formally has requested the ‘opening of instruction’ in the court case.

This request is a technical legal move and will focus on certain issues of law - not on the main charges for which Gaspar Ferreira is being accused, namely: the active corruption of a political office holder, money laundering and qualified tax fraud.

Ryanair faces €30 million compensation bill for June flight disruption

ryanair13An independent assessor of Ryanair’s liability towards 120,000 of its passengers, mucked about by nine days of strike action in July that saw hundreds of flights cancelled, estimates a total liability of €33 million if everyone affected knows their rights and bothers to complain.

The informed estimate is from the Airhelp website whose director of global communication, Paloma Salmerón, explained that compensation is owed to thousands of passengers, "whose holiday plans were destroyed by the poor management of the airline in recent months."

Income tax to be halved for returning Portuguese emigrants

airplane2Portugal’s President, Marcelo Rebelo de Sousa, says he welcomes government proposals designed to attract emigrants back to the country, “wherever they come from.”

Marcelo Rebelo de Sousa said the problem is of national concern but praised those who left during the crisis and have done well, creating ‘little Portugals’ in other countries.