Faro airport welcomes passenger number 8 million

FaroAirportFrontFaro Airport has seen its eight millionth passenger arrive, on board a Jet2.com flight from the UK that landed at 13.10 this afternoon.

This figure is higher than the total number of passengers handled last year as the airport has increased its handling capacity and has attracted more carriers and flights per carrier.

Silves council tax breaks for city centre property owners

silvesDomeSilves council has announced a raft of tax benefits for the owners of property in the city centre who are keen to renovate them.

The buildings must be within the Area of ​​Urban Rehabilitation of Silves with those owners applying for aid, able to benefit from several tax exemptions, the main one being rates relief.

Ozzy Osbourne to play Lisbon as part of two-year 'farewell tour'

ozzyAfter ending Black Sabbath’s musical run of 49 years, lead singer Ozzy Osbourne is preparing to do the same with his solo career with a final tour that includes a gig at the Altice Arena next July 2nd.

The British veteran musician lists heavy metal band, Judas Priest, as his support act. Formed in 1969, Judas Priest has sold close on 50 million records.

Labour minister takes own life after 'sexual misconduct' suspension

LabMPCarlSargeantA Welsh Government minister has killed himself just days after his suspension by the Labour Party in Wales due to allegations of sexual misconduct.

Carl Sargeant, a husband and father of two, was found dead at his Connah's Quay home in North Wales. He had been suspended last Friday and was to be investigated after women voiced allegations of sexual misconduct.

Montepio sells off €580 million of dud loans

montepioMontepio has sold off €580.6 million of bad loans in a move to accept reality and clean up its finances.

The transaction was the first bundling up and selling of dud loans in Portugal to carries an ‘investment’ rating.

EC's impotent response to Paradise Papers revelations

QueenofEnglandThe vice-president of the European Commission, Valdis Dombrovskis, Commissioner for the Euro and Social Dialogue, said he hoped that the new revelations in the of the Paradise Papers would prompt member states to redouble their efforts to combat tax evasion, “as they are losing.”

Speaking at a Eurogroup meeting in Brussels, an exasperated Dombrovskis said that cases such as those exposed in the latest tax haven and tax evasion research, "stress precisely the need for all member states to commit themselves, because ultimately all member states are losing tax revenue."

Prehistoric shark caught in Algarve waters

SharkFrilledDespite having a wide geographical distribution, throughout the Atlantic and Pacific Oceans, this ‘living fossil’ shark is seldom captured as it spends it time swimming around at great depths.

In August, Portuguese researchers captured a frilled shark, (Chlamydoselachus anguineus) off the Algarve coast.

Puigdemont free to campaign for relection from his Brussels base

CatalanCrowdFlagsThe prosecutor's office in Belgium has allowed the former president of Catalonia, Carles Puigdemont, to participate in Spanish political activities, "as long as he does not leave the country and complies with his probation."

Puigdemont will be able to participate in the campaign for the Catalonia regional elections scheduled for December 21st.