The Minister of Finance has welcomed the decision of the European Commission to approve the recapitalisation plan for Portugal’s State-owned bank, Caixa Geral de Depósitos.
Mário Centeno said that the €3.9 billion injection of cash “respects European rules.”
Carlos Rafael, the Portuguese businessman known as 'the codfather,' is to confess his fishy crimes in a US court but faces a heavy sentence unless a plea bargain can be arranged.
The Açorean-born businessman owns one of North America's largest commercial fishing operations, Carlos Seafood Inc., but profits from the legitimate trade were not enough to stop him fiddling the system.
Algarve MPs, José Carlos Barros and Cristóvão Norte, say that they can not accept that the rail link to Faro airport has been frozen by the government, nor do they accept the excuse that environmental issues are sufficient grounds to drop the project.
"It is essential to clarify everything that has to be clarified on the subject, because the strategic importance of this project, from the mobility, tourism and regional economy points of view, is too important for us to accept that the Government drops it," say the MPs.
Don’t put your coats away just yet as rain is due to return to the Algarve early next week, but not until after a warm and probably cloudy weekend.
Enjoy the weekend sunshine with temperatures hitting 26th on Saturday down south, while the central and northern regions will be cloudy with some light rainfall.
Portugal should be worried about the "huge suspicious investments" by Angolan citizens in luxury properties, companies and financial institutions in Portugal, according to a report by the US State Department that studiously will be ignored by the government and the country's banks.
According to the International Narcotics Control Strategy Report 2017, the Portuguese Government should "continue to monitor Angolan investments in Portugal in areas such as luxury real estate, financial institutions and companies."
Spain’s government and its municipalities within 10 kilometres of the country’s nuclear power station network, including the ageing Almaraz plant, have signed an agreement to improve safety protocols "in case of a nuclear emergency."
The agreement provides, among other measures, for technical support to councils, information programmes for local populations, and theoretical and practical training for technicians in emergency plans and drills.
Britain’s sports good retailer, JD Sports, has announced a potential merger with Sport Zone which operated across Spain and Portugal.
The partnership would create an Iberian sports retail group which would include the JD Group as a major shareholder (50%) along with Sonae (30%) and the family shareholders of JD Sprinter, the Spanish business in which JD Sports bought a stake in 2011 (20%).
The area around the Alqueva reservoir in the Alentejo is an ideal place to grow cannabis on an industrial scale, so apt is the land that multinationals already are eyeing up the area in preparation for the legalisation of the drug in key European markets.
Portugal’s Left Bloc is pushing for the legalisation of cannabis plantations to supply already legal overseas markets and says the legalisation of cannabis cultivation is unstoppable.
