Civil engineering work at Faro airport will be completed early this summer, according to the Minister of Planning and Infrastructure, Pedro Marques, who seemed keen to announce this development even though the work is privately funded and is four months behind schedule.
The €35 million current expansion and refurbishment works will enable Faro Airport to cater for the expected increase in passenger traffic.
The omnipresent Minister for Infrastructure and Planning, Pedro Marques has confirmed that the Algarve’s old world railway line is to be fully electrified, at a cost of €32 million.
The modernisation work starts this month but won’t be finished until at least 2020.
The Algarve’s councils have taken measures to ensure no one freezes to death in the coldest few days for over a decade.
In Faro and Olhão, teams have been handing out warm clothing and food, while Faro council has arranged overnight shelter for the homeless where they can get hot food.
The former president of Banco Espírito Santo Investments (BESI) says he feels "proud" of the Espírito Santo name and intends to rebuild the brand and overcome the company’s "black period."
Recently released from the burden of running Haitong Bank, after disagreements with chairman Hiroki Miyazato, José Maria Ricciardi said he wanted to develop "professional activities of a different nature from the current ones."
António Pires de Lima, the former Minister of the Economy, has been hired by the US private equity fund Advent International as a consultant.
Pires de Lima, a minister in the Passos Coelho coalition PSD-CDS government, joins the US fund already operating in 40 overseas territories and will be "identifying and evaluating investment opportunities in the Portuguese market as well as in the global consumer sector."
Portugal’s President today said that the Iraqi ambassador to Portugal could not remain in office and agreed with the government that the Ponte de Sor case now will have to go to Baghdad.
"From the information I have, I cannot help but agree with the words of the Minister of Foreign Affairs," said Marcelo Rebelo de Sousa.
The C&A clothing chain is closing four underperforming stores in Portugal but plans to open two new outlets this year.
The closures will relieve 25 workers of their jobs with the business claiming that the move will strengthen its position in the market.
The Secretary of State for Tourism, Ana Mendes Godinho, is off to China in February to kick-start an international tourism roadshow designed to attract serious investors to Portugal.
The roadshow then switches to India where the ground had been prepared by Portugal’s prime minister who has just returned from a successful State visit.
