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.

Minister confirms electrification of Algarve's railway

railwayclockWorks to electrify the sections of the Algarve railway line between Vila Real de Santo António and Faro, and between Tunes and Lagos, will be launched in 2018, to be completed in 2020.

Pedro Marques, Minister of Planning and Infrastructures, announced the welcome news today in Faro: he made the same announcement in Portimão a year ago.

Fisherman lies in coma after Police patrol boat rams the wrong boat

inemA Maritime Police patrol boat, chasing a fishing boat suspected of illegal fishing in the Ria Formosa, collided at speed with a second boat with two people on board, a father and his 40-year-old son.

The accident happened at 06:30 this morning in the Ria Formosa lagoon near Faro.