EU plans to halve electrical goods warranty to 12 months

electronicwasteBrussels want to ‘harmonise consumer guarantees issued on equipment purchased from Portugal’s retailers.

Under new proposals, Portugal’s current two-year product warranty will be halved to 12 months, after which it is down to the consumer to bin a defunct piece of equipment, pay for it to be repaired or buy another one.

Amorim's widow is Portugal's richest person

amorimPortugal has only one person on the Forbes rich list, the billionaire widow of cork magnate, Américo Amorim.

Maria Fernanda Amorim appears in position 382 on the Forbes list with a fortune valued at 5.1 billion dollars (€4.1 billion), all of which was inherited from her husband (pictured) who died last July.

Careanos beach rockfall was the 18th during this stormy period

beachSurfRoughThe collapse of a section of cliff at Careanos beach, Portimão, on Tuesday, was the 18th registered collapse along the western Algarve coast since the bad weather began, according to the Portuguese Environment Agency.
 
The agency should know, as it is responsible for monitoring the cliffs along the Algarve all year round. This routine monitoring work turns into emergency clearing up when large sections of cliff start to fall into the sea, due to poor weather conditions.

Portugal's sardines stocks double - raised 2018 quotas called for

sardinesBunchFertile sardines have doubled their numbers in Portuguese coastal areas where fishing has been banned since October last year.
 
The results of a scientific survey, carried out at sea last December by the Portuguese Institute of the Sea and Atmosphere (IPMA) point to 120,000 tonnes of the nation’s second favourite fish swimming happily in the waters between Caminha and Cabo Espichel.

Winter and long-lets on the increase

sunnyThe English couple at the centre of the first episode of the BBC’s “Get Away for Winter” series broadcast last month are among the ever-growing number of foreigners renting properties during the off-season, or even all-year-round.
 
Trish and Dave Guilford from Sussex stayed in Ferragudo from mid-December to mid-February after their specially filmed search for an ideal winter getaway.

Portugal’s booming cruise market – record number of passengers in 2017

cruiseship2More than 1.3 million cruise passengers entered the national ports last year, a new record and 5% up on the year before.
 
The ports of Leixões, Lisbon, Setúbal, Portimão, Azores and Madeira, unified under the embryonic brand ‘Cruise Portugal’ the Ports Authority, "welcome these results that contribute significantly to the positive values ​​that have been achieved in Portugal and in the way the country is projected to market,” reads the latest press release.

Damning report into Novo Banco shows Mr Magoo was asleep at the wheel

BoPCostaAsleepBrussels points out "significant deficiencies" in the management of Novo Banco when it was created in 2014, at a cost of €4.4 billion, and run under the control of the Bank of Portugal until it was sold in October 2017 to the US vulture fund, Lone Star.
 
The European Commission points out significant shortcomings in credit management and information on the risk of banking operations, even after the Bank of Portugal had taken over the defunct BES and created Novo Banco with only the ‘good’ assets - this was the flawed 'resolution' pushed through by 'Mr Magoo' Carlos Costa, the central bank's governor (pictured).

One in ten Portuguese too poor to buy prescribed drugs

pillsOne in ten Portuguese patients prescribed medicines by a doctor last year was unable to purchase them due to lack of funds.
 
This percentage was lower than in 2016, according to a study by Universidade Nova de Lisboa, which showed 10.8% patients unable to buy their medicines due to the cost of the drugs, down from 11.8% in 2016 and way down from 15.7% in 2014.