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Expansion of Portugal's sea area makes slow progress through UN

oceanThe government’s 2009 proposal to expand Portugal’s sea area by two million square kilometres is making slow, but steady, progress.

Oil exploration champion and Minister of the Sea, Ana Paula Vitorino, said today that the discussion at the UN on the Portuguese proposal is running as predicted but not to expect any news until at least 2020.

Current proposals would cause "the death of the Local Accommodation sector"

alAs the government working group tries to find a solution to the competing needs of those letting their properties to tourists and those that live nearby,  the head of Portugal’s estate agents’ association remains exasperated.
 
Luís Lima, the head of APEMIP, said today that the Left Bloc’s latest proposal, that Local Accommodation lettings must only be carried out at the domicile or fiscal residence of the holder of the Alojamento Local license, has left estate agents edging ever closer to a nervous breakdown.

Spring has sprung

springThe official start time was 16h15 on Tuesday afternoon. Spring has sprung in Portugal with lower than normal temperatures dropping further over the next two days. 
 
Spring arrives will start with a few days of sunshine, occasionally strong but always cold winds, with low temperatures throughout the country.

Off-season Algarve busier than ever

guadianaThe latest Algarve transport report shows that traffic on the Via do Infante motorway increased by 16.7% in the last quarter of 2017, compared to the same period in 2016, but offers no indication of how many of these additional journeys were due to the appalling state of the eastern section of the EN125.
 
Faro airport passenger numbers were up too, by 5.5% as the tourism boom continued into the low season.

New European banking regulations are just 'non-binding expectations'

eurozoneBanks in Europe have got the upper hand in the regulation wars, aiming to leave EU citizens with the bill for years of poor judgement and non-performing loans.

These NPLs held by European banks total €759 billion, over 5% of all loans,  the banks want taxpayers to shoulder the burden.

"King of disguises" extradited to Portugal to complete 39 year sentence

justiceBrazil has extradited José Manuel Gomes Leonardo, to Portugal. The career criminal is guilty of kidnapping, robbery and drug trafficking.
 
By frequently changing his appearance and using false documents, the Portuguese national became known as the 'King of Disguises.'

Toys R Us declares insolvency in Portugal

ToysrUsHaving announced the closure of outlets in UK and the US, ToysRUs has declared insolvency in Portugal as it can not find a buyer for the business.
 
Toys R Us has applied to a Madrid court to close Toys R Us Iberia, although the company says it is still looking for a buyer, and "continues operations to try to ensure its viability in Portugal and Spain."

Cristiano Ronaldo faces jail over Spanish tax affairs

ronaldoSpain’s tax authority has rejected Cristiano Ronaldo's offer to regularise his tax situation so the €15 million case will proceed to court.
 
The Spanish Treasury will pursue its legal complaint against the famous footballer who is accused of tax fraud in the amount of €14.76 million relating to undeclared income from image rights between 2011 and 2014.