The Portuguese Sea Minister, Ana Paula Vitorino, said that growth at Portimão’s cruise terminal was 53% higher than last year as the city welcomed 71 cruise ships and around 30,000 passengers.
Four Algarve MPs from the ruling Socialist Party are recommending the classification and preservation of wetlands in the region.
In a seismic shift in policy, the Calouste Gulbenkian Foundation is selling its Partex oil and gas interests and is to invest in sustainable energy, "in line with the international movement followed by other foundations.”
The Foundation owns 100% of Partex and is "currently in the process of negotiations with an interested group," to sell the oil company.
The Bank of Portugal has decided that Portugal’s lenders have been advancing too much money to the nation’s borrowers and is imposing restrictions to limit mortgages and personal credit.
Ria Formosa islanders in receipt of a new round of demolition orders, authorised by an out-of-touch and duplicitous Ministry of the Environment, are going back to court to tackle the insistence by the State that their houses should not be there.
Operation Lex has been spread across Portugal’s media in the past 48 hours, involving the arrest of prominent figures in the football and legal world.
On November 25th, 2016 the business newspaper Vida Económica published a column with the title above. Last week four people died on the EN125, many more were seriously injured, writes Jack Soifer.
Miguel Frasquilho, facing deep concerns as his suitability to chair TAP after receiving funds from an Espírito Santo Group offshore slush fund, said today that he is "deeply calm" with his re-election to the boardroom.
