Barclays bank has raised its growth estimate for Portugal, now predicting 2.9% growth in 2017, and has praised the resilience of the Portuguese government, the implementation of reforms and the recapitalisation of the banking sector.
In an analysis titled "Portugal's Got Talent," the British bank praises the performance of António Costa's policy of restraint and his implementation of reforms which has allowed the country to grow at a good pace.
Atlantic Gateway, the company set up by Humberto Pedrosa and David Neeleman to mount a (successful) bid for TAP, stated today that the newly announced directors for the State’s six boardroom seats, will be able to contribute to the airline’s development.
Atlantic Gateway claims to be "certain" that the new board of directors of TAP, to be confirmed on December 30th, will have "the necessary skills" and clarified that it’s up to the Gateway consortium to appoint the company's executive management.
A Portuguese musician who lived in the London tower block that caught fire last night, June 13th, is thankful to be alive, but lost all his possessions: ""We lost everything, everyone lost their belongings, lives were lost, many lives, especially on the upper floors," said Francisco Ramos, a 20-year-old from Madeira.
Ramos is studying at the Royal Academy of Music and comes from Funchal. He lived on the 13th floor of Grenfell Tower in Latimer Road, west London, where he shared an apartment with another Portuguese national.
The head of Portugal’s lifeguards association, Alexandre Tadeia, says a system for year-round beach watching by trained lifeguards needs to be put in place to reduce the number of deaths in the off-season - and the beach concession holders association chief, João Correia, agrees.
On the eve of the official start to the bathing season, on Thursday June 15th, the remaining 30% of Portuguese beaches that do not yet have coverage will have lifeguards as from tomorrow morning.
A fire at a rental car storage area adjoining the Agricultural Directorate in Patacão, near Faro airport, already has destroyed at least 40 vehicles as firefighters from stations in São Brás de Alportel, Olhão and Loulé tackle the blaze.
A column of smoke has been visible for miles but the fire service responded to the call at 14:18 and operatives soon were tackling the inferno, made more perilous by the possibility of petrol tanks, laden with fuel, exploding.
The Economic Crime Section of the Prosecutor's Office in Madrid has filed a complaint against the Real Madrid footballer, Cristiano Ronaldo, for four fiscal crimes committed between 2011 and 2014.
The tax fraud involves €14.7 million, claims the Spanish prosecutor.
Researchers from the Algarve’s University have installed a tidal energy device in the Ria Formosa laggon area at Barra de Faro.
The test is to evaluate the feasibility of producing tidal energy in the Ria Formosa. The installation was carried out by a research team working on a project called ‘Sustainability of Energy Production of the Tidal Currents of Ria Formosa’ (SCORE), coordinated by André Pacheco of the Center for Marine and Environmental Research.
The 2008 collapse of Banco Português de Negócios (BPN) is still being supported by taxpayers with a further €420 million being set aside to cover losses and write-offs incurred in 2016.
BPN appears to have been run for the benefit of its crooked management. As those in charge were incompetent as well as criminals, the bank went bust in 2008, triggering a State bailout that so far, with this 2016 figure added in, has cost the public purse an eye-watering €3.66 billion.
