The Bank of Portugal has confirmed that the handing over of Novo Banco will take place "within the deadlines foreseen" thus leaving open a completion date which has never been fixed.

The latest upset to the lengthy and fraught handover, with 75% of Novo Banco due to be given away to the notorious US vulture fund, Lone Star, is Banco Comercial Português which has filed a lawsuit over the call on its own funds to support Novo Banco should it's assets turn from gold to dust after the transfer.

"That’s it folks!" Austerity in Portugal is over, according to an upbeat Economy Minister.

Caldeira Cabral claims that Costa's government "ended austerity" and that Portugal will have its biggest growth rate this century, claiming the socialist administration has “freed the country from austerity’s corset.”

A clever new website has been launched that tracks Portuguese MPs’ voting and attendance records.

Hemicycle.pt enables the public and the press to see who has voted for what – and how this marries up with what MPs have said to their constituents.

Alcoutim council and telecoms supplier MEO have signed a deal, in which they undertake to "make efforts to increase fiber optic coverage throughout the Alcoutim municipality” to benefit locals, businesses and. Most importantly, the local council.

In a long-overdue effort to make the municipality “technologically more advanced,” MEO says it will try, wherever possible,  “to provide access to its conduit system so that the municipality can develop optical fiber connections to municipal buildings or other projects of public interest."

A month has passed since the pilot of a light aircraft made an emergency landing on São João da Caparica beach,Almada, killing two people - a 56-year-old man and an eight-year-old girl.

The aircraft was being used for training and, after the engine cut out in mid-flight, the experienced instructor took the controls and opted to land on a crowded beach.

The new US ambassador to Portugal has released a 'welcome' video to introduce himself and his wife, with both speaking a few words of Portuguese.

George and Mary Glass made the video to show their friendly natures and to make it clear that their Portuguese language capabilities are at the ‘learner’ stage but that they are keen to learn.

Two cannons, one each from the 16th and 17th centuries, have been recovered from the ocean floor by a Spanish team working off Faro, ending a campaign in which the Spanish government managed to prevent a US company from claiming the contents of Nuestra Señora de las Mercedes.

Several pieces of the frigate, sunk in 1804 by the English navy, have been recovered with the use of a Remotely Operated Vehicle from the Spanish Institute of Oceanography. The two cannon were recovered from the wreck lying 1,000 metres below the surface.

The coming State Budget will ensure that the low paid will not pay income tax.

Those earning below €680 per month, an estimated 600,000 workers, will be exempt from IRS in a move by the socialist government to ensure that in 2018, the poorest workers will have a bit more left in their pockets at the end of the month.