Portugal’s public debt, measured under the Maastricht convention, reached a new historical high in May as the government contemplates how to explain away a negative figure of €250.3 billion.
After a rise of €4.3 billion in April, public debt rose by €300 million in May to a record €250.313 billion, topping last August’s figure of €250.296.
All retail transactions above a €15,000 threshold will have to be communicated to ASAE which also will insist on knowing the means of payment.
This requirement was included in the 'prevention of money laundering' rules which came into force in September 2017, but are only now being implemented.
Two of Albufeira’s popular bathing beaches have been closed due to a mysterious slick of dark-coloured water, spotted on Sunday morning.
The foul-smelling pollution has led to authorities warning tourists to stay out of the water.
Seasonal medical outposts are back in action this weekend with 31 tourist beaches in the Algarve now covered by experienced medical staff.
The objective is "to respond to less serious medical conditions that can be treated on the spot, or, where necessary, to refer the patient to a more appropriate nearby health unit," explained an Algarve’s health service statement.
Socialist MP, Luís Graça, who also is the leader of the Algarve branch of the party, blames the previous PSD-CDS coalition government for the Court of Auditors’ refusal to authorise the EN125 upgrade between Olhão and Vila Real de Santo António.
In a statement send to newsrooms, Graça explained that the State needed to be in full compliance with the original contract between Rotas do Algarve Litoral and the government.
Portugal’s struggling Post Office, CTT, already has an agreement with Amazon to deliver packages across Spain and wants to extend this service to Portugal in an effort to capitalise on its delivery network.
CTT, led by Francisco Lacerda, is suffering a not unexpected structural decline in letter deliveries but its parcels business is growing as online shopping becomes more popular in Portugal.
Rules that prohibit banks from advancing loans that require 50% of more of a person’s income to service, come into force on July 1st.
The Bank of Portugal edict creates limits on the granting of new mortgages and personal loans, and attempts to restrict banks’ commercial freedom to assess customers on a case-by-case basis.
A British girl complained that she had been raped in an Albufeira street in the early hours of Tuesday morning, June 26th.
The girl, aged 17, said she was raped by a Britsh man aged 23, who later was tracked down and arrested by GNR special forces after some resistance.
