Portuguese entrepreneur and property developer, Emídio Catum, one of BPN's large debtors, has filed for insolvency as he owes €697 million but has one asset - an apartment worth just €53,000.
Catum's application for insolvency included an appeal for debt foregiveness for the next five years.
Toys R Us, the international company with 10 stores in Portugal, has filed for protection against its creditors.
A company spokesman said Toys R Us operations will continue as normal, with no closure plans in place after the US toy chain presented an application for protection against its creditors in the United States and will do the same in Canada.
The GNR covering last weekend’s house and techno dance party arrested 19 people for drugs offences .
The BPM Festival was held at the Arade Congress Center in Parchal, Lagoa and at multiple sites in Praia da Rocha, Portimão.
Portugal’s Golden Visa scheme, a way of facilitating European entry for non-EU foreigners, has come under scrutiny after leaked documents list some of the criminals and dodgy politicians who have applied and been granted the covered status.
The documents focus on Latin American and Angolan nationals who have received a Golden Visa after buying a property in Portugal for €500,000 or more in exchange for permanent residency.
Builders and a bank are set to make a killing as prime seafront land to the east of Quarteira soon will become one big building site as another luxury tourist development is constructed in the region's 'dash for cash' which is leaving sane and responsible planning laws in its wake.
The charming lagoon area surrounded with mature pines has long been a nature-lover’s paradise with flora and fauna in abundance but greed again has intervened and another seafront green area is to be turned into yet more tourist accommodation.
The National Republican Guard (GNR) was on a purge past week, 11th to 17th of September, stopping drivers who were not wearing seatbelts or having the wrong child seats installed for the age of children being transported.
During the operation, more than 8,000 vehicles were stopped and inspected. The result was that 514 contraventions of the seat belt laws were recorded and the drivers fined.
The European Commission has stepped into the Ryanair cancelled flights row and urges the company to respect passengers’ rights.
Ryanair has been inundated with negative and angry comment after it decided to cancel 2,000 flights up to the end of October, blaming variously the need to get its late arrivals figure down and on staff holidays, leaving the company with an insufficient number of pilots to run the company's services.
Francisco Leitão has been on trial for 542 crimes of the violation of minors between 2009 and 2010 and today was sentenced to 17 years in prison which will run concurrently with the 25 years he already is serving.
Leitão, a scrap metal dealer known as Rei Ghob, posed as a friend to youngsters between 14 and 17-years-old, paid for dinners and drinks and offered them mobile phones while persuading them that he had ‘supernatural powers.’
