Both TAP and Jet Blue Airways are studying the documentation relating to the forthcoming sale of 49% of Azores Airlines.According to the islands' press, the share sale prospectus was applied for by both companies.
Both TAP and Jet Blue Airways are studying the documentation relating to the forthcoming sale of 49% of Azores Airlines.
Police have arrested a woman suspected of masterminding a €5 million fraud involving the sale of yachts that she did not own.Four luxury yachts were sold to unsuspecting buyers for a total of €5 million and the woman is suspected of "qualified fraud, abuse of trust, forgery of documents and money laundering,’ as she did not own the vessels nor did she have the right to sell them.
The Portuguese Communist Party’s Algarve divisional office stated today that the recent demolition notices sent to 22 Ria Formosa islanders has nothing at all to do with, ‘defending the environment.’
The new administrative seizures, planned by Polis Litoral Ria Formosa as precursors to the demolition of yet more houses in the settlements of Farol and Hangars, "has as its ultimate objective, in the name of defending environmental values, to gradually expel the local communities from the Ria Formosa islands, to deliver this valuable territory to the interests of economic groups, as indeed happens along much of the Algarve’s coast."
Martin Essayan is the only family representative on the Calouste Gulbenkian Foundation management board and confirmed that the decision to sell off his grandfather's oil company was "unanimous."The Calouste Gulbenkian Foundation is looking at an offer to purchase the Partex oil company, a decision that other Gulbenkian family members are said to oppose.
The Bank of Portugal hid a financial black hole of €954 million in Rioforte while guaranteeing to shareholders that the company was viable.
The Bank of Portugal, under governor Carlos Costa, (pictured), later failed to disclose key information about events leading to the bankruptcy of Rioforte, part of the Espírito Santo Group which collapsed in 2014.
Portugal’s Association of Diplomats has demanded that the government reconsiders its appointment of the former candidate for the Presidency of the Republic to be its UNESCO representative.
The Association reacted to the announcement of the Government's intention to appoint Sampaio da Nóvoa as Portugal’s ambassador to UNESCO, stating that it was a "complete surprise” and a very strange choice.
Lagoa council, the organiser of the city’s annual Wine Festival, has decided to move the event from the white elephant site of the Arade Conference Centre, to another council-inspired mistake, the bright red tarmac of the city’s market area.
The red wine stains will hardly show on the controversial surface that turned a normally cautious municipality into a regional laughing stock.
Deeply fed up with being ignored by government, the EN125 Citizens' Movement has launched an official petition to collect signatures so parliament can debate the issue of broken promises to fix the eastern section of the road and discuss the broken dreams that the A22 motorway would accelerate the region’s mobility and efficiency.The renovation of the EN125 eastern section, between Olhão and Vila Real de Santo António, was promised even before December 2011 when tolls were imposed on the region’s motorway. There is no start date for this work, even though the western section now is finished.
- January Algarve road deaths fifth highest in Portugal
- Algarve - British tourist numbers drop in January
- Building of new homes - "it's inevitable" says APEMIP president
- VRSA starts sports complex development
- Ferragudo redevelopment - fishermen “will be reorganised and integrated into the urban design"
- Police nab 255 pet owners in Operation Odeta
- SOS Ria Formosa representatives visit President's palace
- Sugar Tax has raised soft drink prices by 25 - 30%
