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Citigroup analyst marks EDP shares as a 'sell'

edpPylonOne of Citigroup’s top investment analyst has marked down EDP’s share price, saying that new regulation leaves the company’s financial structure "unbalanced" and that high debt and a generous dividend policy is not helping.
 
For Citigroup, recent regulatory changes have meant that part of the EDP group is not able to sustain debt costs, nor the company’s "generous dividend policy" under Chief Executive, António Mexia.

Portugal's councils can not clear trees and scrub in time

gardenviewsmallPortugal’s councils today warned of the almost impossible task of according with the law that requires the cleaning of the scrub and trees near to houses and along the side of public roads, in the time allocated.
 
Not before time, the board of the National Association of Portuguese Municipalities (ANMP) today got together to discuss the new laws on forest and countryside management.

Algarve Wine Laboratory to raise quality of region's production

4779The Algarve Wine Commission in Lagoa now operates the only winemaking laboratory in the region, helping winemakers improve their product before it is bottled.

Tests are available not only to the region’s blooming wine sector producers, but also to any public or private body that wants to have wine analysed. Simply complete an analysis request form, send in the sample and the results will be emailed.

405 civil servants charged with corruption in 2017

justiceOf a total of 1,725 reports received last year by the Corruption Prevention Council (CPC), in 405 there was sufficient evidence of a crime committed by a government official, to lead to prosecution and conviction.
 
In a report on the prevention of corruption in public administration,  it was noted that 41% of the cases involved civil servants in Central Administration bodies such as the health service, education, notary offices and the justice department.

Algarve - heavy rain forecast from Monday onwards

rainstormThe rain is coming. From tomorrow afternoon, Monday 26th, the Algarve should get some rain which will spread north over the next few days.
 
On Monday and Tuesday, the rain will be pachy with the heaviest rainfall due on Wednesday, according to the IPMA weather service which shows daytime temperatures in the Algarve at a comfortable 17-18 degrees Centigrade.

Tavira drug dealer had military and police issue ammunition

ammoA 34-year-old man, living in Tavira, was detained by the PSP on suspicion of some mid-range drug trafficking.
 
When searching his property, thousands of portions of various illegal narcotics were seized, the vast majority was hashish.

Açores - Lajes US airbase linked to rise in local cancer cases

lajesairbaseMore and more inhabitants of Portugal’s Terceira Island are suffering from deadly diseases, especially cancer, at rates far out of sync with the rest of the Azores archipelago. Terceira is no different from the other islands, except in one thing. Russia-based video agency RUPTLY has carried out an exclusive investigation into this matter, writes the EU Times.

The Lajes Airbase on Terceira Island has hosted the United States’ 65th Air Base Group for decades now. Ever since World War II it has been considered one of the most convenient bases: an airstrip in the middle of the Atlantic Ocean, strategically situated between the US and Europe.

Westminster subway death mystery man was Angolan paedophile

 4801“He was a Portuguese national who had been in our emergency centre for some time and was being helped to find a job,” said a spokesperson from the Connection charity in central London.
 
Referring to Marcos Amaral Gourgel, who died in Westminster tube station last Wednesday, the charity referred to his “complex situation.”