Novo Banco’s executive president, António Ramalho, said the business is “not focusing on immediate profit” but still the first quarter results showed a profit of over €60 million.
A year earlier in the same quarter, the bank lost €130.9 million and later in 2017 drew €792 million from the Resolution Fund under the terms of the sale agreement with US vulture fund, Lone Star.
The number of people officially named as defendants, or arguidos, in the inquiry into last June’s inferno at Pedrógão Grande, has risen to ten.
Margarida Gonçalves of the Civil Protection force for the Pedrógão Grande area; José Graça, Pedrógão’s deputy mayor and António Castanheira, the general manager of the Council, are the new defendants.
Faro Hospital received the second highest number of customer complaints in the country last year, while the Barlavento Hospital in Portimão came in seventh on the list of patients dissatisfied with some aspect of heath provision.
The Amadora-Sintra Hospital topped the chart for State hospitals, with just over 2,100 complaints.
EDP’s management has not rejected the takeover bid from its largest shareholder, China Three Gorges, but says the price per share being offered does not reflect the energy company’s value.
António Mexia, EDP’s chief executive, says the price per share should be nearer €4 to compensate shareholders (and himself) for allowing the Chinese company to take control.
The network of offshore companies attached to Grupo Espírito Santo has been laid bare in an internal document issued in 2008 by the group’s financial controller, José Castella.
The sprawling but deeply flawed empire run by Ricardo Espírito Santo controlled 65 offshore companies and had stakes in 429 companies across the world. But two offshores companies were left off the list.
After record-breaking rainfall, unseasonal cold and a general lack of effort from the weather, the summer is coming with temperature rises across a grateful nation as from Tuesday, June 12th.
The Portuguese weather service forecasts a gradual increase in temperatures from next week, reaching a tourist-friendly 30°C by the end of the month along the Algarve’s beaches.
United Nations Secretary-General, António Guterres, said on Saturday that the world is losing the battle against ocean pollution, "on all fronts."
António Guterres was at the G7 summit in Canada, speaking at a session entitled, "Oceans, seas, coasts and healthy, productive and resilient communities."
Environmental protestors from Portugal and Spain joined forces at a demonstration in Salamanca, demanding that the newly formed Spanish Government shuts down nuclear power plants and scraps the licence for the uranium mine in Retortillo near the border.
The demonstration was organised by the Iberian Antinuclear Movement and attracted over 2,000 people.
