Sumol + Compal depressed trading forecast due to new 'sugar tax'

SumolLogoCoca-Cola in Portugal has been joined by Sumol + Compal in warning of significant prices increases in their soft drinks ranges due to the new ‘sugar tax.’

Parliament approved the Special Consumption Tax on November 25th for drinks with added sugar and other sweeteners as from February 2017. The tax will add between 8 cents and 16 cents per litre of sugary soft drinks.

Spain ups taxes to check crippling debt

smokingSpain is set to increase its taxes on alcohol and tobacco as well as imposing a new tax on sugary soft drinks.

The new albeit minority government finally in power is in a race to honour its pledges to Brussels to reduce its deficit and its debt.

Albufeira rapist is a refugee from Eritrea

handcuffCody Searle, 21, caught up with a rapist and grabbed him after a 67-year-old homeless woman had been beaten about the head and savagely attacked in Albufeira last Thursday at dawn.

"He still had his trousers open and was covered in blood," said the fearless Searle who caught up with the attacker at the bus station and managed to restrain him.

Turbulence - Qatar Airways flight makes emergency landing in Açores with injured passengers on board

qutarAirwaysA Qatar Airways flight made an emergency landing in the Açores this morning which resulted in ten passengers being injured.

The plane landed at the Lajes airbase on Terceira Island. According to Correio da Manhã, with strong in-flight turbulence causing injuries to passengers which forced the flight to land at the nearest airport.

Andorra vows to end its banking secrecy

andorraThe Principality of Andorra, tucked away in the Pyrenees, moved to abolish its tax haven status when its unicameral parliament approved a measure to share bank account information with other countries.

The General Council agreed that the measure will come into force from January 2018 on accounts held by people from European Union countries.

Mayor loses patience with owners of Portimão’s crumbling Convento de São Franciso

conventsanfranciscoPortimão’s mayor finally has lost patience with the family that owns the crumbling Convento de São Francisco.

Deeply annoyed with delays in resolving the issues surrounding the ruin, mayor Isilda Gomes has finally accused the current owners, believed still to be the Souza Coutinho family, of playing about with the council and now vows to seek a legal remedy to save the building.

Switzerland busily dismantles its secrecy cloak

swiss1000francnoteSwitzerland is quickly closing down its decades-long practice of banking secrecy in favour of fiscal transparency.

Swiss authorities announced on Thursday that the government plans to increase dramatically the number national agreements it has for sharing bank account information.

Neighbours react to toll charges on German motorways

bmwTolls to use Germany’s autobahn network roads are due to come into force after the country reached an agreement with the European Commission.

The initial plan had been to charge all cars on the autobahn but with tax rebates given to those registered in Germany which would have equalled out the fees for residents, leaving only foreigners to pay.