Asian hornets resist all attempts to limit their progress through Portugal

AsianHornetFive years of pondering and two years of preventive action, to control the spread of Asian hornets across Portugal, have failed.

The Minister of Agriculture, Capoulas Santos, marvels at the insect’s "impressive" reproduction capacity and inexorable progress.

His name is Rio - new PSD leader elected

RuiRioRui Rio has triumphed in the party leadership battle and will lead the centre-right opposition to the ruling socialist party.

The former Mayor of Porto won the contest to lead the Social Democratic Party, replacing Pedro Passos Coelho.

The Portuguese passport - 'one of the best in the world'

passportbulgarianA Portuguese passport is one of the best in the world for travellers to hold, according the latest passport index.

In 2018, Portugal moved from sixth place to fifth in the Henley & Partners passport index which looks at the number of countries accessible to the holder where a visa in not required.

Explosion and fire at leisure centre leaves eight dead and 38 injured

TondelaFireA fire at a leisure centre in Vila Nova da Rainha, Tondela, on Saturday night, killed at least eight people and has left 38 injured - 22 seriously so.

The source of the fire may have been a salamander-type of heating unit, according to José António Jesus, the Mayor of Tondela, with witnesses saying that the flames started "after an explosion in the heating system."

Santander blocks Bitcoin transactions in Portugal

santander2Banco Santander Totta, a subsidiary of the Spanish bank Santander, has suspended all bitcoin-related transactions.

The bank already had started to block transactions in several crypto-currency exchanges, claiming that these exchanges are trading non-regulated financial products.

Zara pulls out of Faro's main shopping street

ZARALOGOBoth Zara and Pull & Bear are closing down in Faro’s main shopping street.

Inditex, the group that controls the two clothing retail brands, has come under immediate fire from the local Social Democratic party’s Ofélia Ramos who has expressed her, "amazement and concern" about the announced closures and the "serious damage" that this action will bring to "all operators and for the traditional commerce of the county.”

CTT shares slide further as market reacts to stiff performance targets

cttvanThe pain continues for shareholders in Portugal’s privatised post office, CTT, as the company’s share price today dropped a further 9% in reaction to stiffer targets set by the regulator.

The new performance rules for postal services, announced yesterday by Anacom, have been poorly received in the market and triggered an equally  poor day’s trading at the Portuguese stock exchange.

Licences issued for solar farms in Lagoa, Bensafrim and Alcoutim

pvThe Secretary of State for Energy has given the go-ahead for six solar power farms in the Algarve and Alentejo, an aggregated investment of €206 million. 

These solar panel farms will produce electricity from sunlight and are to be paid for by Hyperion Energy Investments for the plants in Ferreira do Alentejo, Bensafrim and Moura, by Goldiport Solar in Lagoa and by Goldnalco in Alcoutim.