French nationals bought more Portuguese property in the first quarter of 2016 than any other group of foreigners.
Despite the drubbing they got in Portugal in the early 1800s as Napoleon's dreams were shattered, the French surpassed the British and Chinese in their demand for a place in the sun far away from the French tax system and the misery served out by Parisian restaurateurs.
A Portuguese civil engineer is among the dead after EgyptAir’s Flight MS804 en route from Paris to Cairo late on Wednesday went off the radar and crashed in the Mediterranean.
The flight had carrying 66 people on board, including two small children and a baby, seven crew members and three members of the company's security team.
The EU's Economic Affairs Commissioner, Pierre Moscovici, (pictured) has performed a U-turn to the benefit of Spain and Portugal by postponing a decision on fining the two countries for running excessive budget deficits.
“We have concluded that this is not the right moment economically or politically to take this step,” said Moscovici today.
The German pharmaceutical giant Bayer has put in an unexpected bid to take over the US group Monsanto, the biggest seed company in the world.
The two have said they have met in a ‘private discussion’ of a negotiated acquisition, emphasizing that negotiations are only exploratory.
Germany is holding steadfast in its opposition to debt relief for Greece.
Threadbare Greece has been pushing to get its EU creditors to write off at least some of its debts, arguing that it can not sustain its heavy loan repayments.
The Algarve's court prosecutors have listed various crimes committed in the Algarve during the first quarter of 2016, one in four was for drunk driving.
Second on the list was driving without a license, third was violence, fourth was theft and burglary and the fifth was disobeying an office of the law.
Many of Portugal’s banks already have received taxpayers’ cash to recapitalise, or they have been flooded with cash prior to being sold off at a loss by the State, but when the tables are turned, bankers have been behaving true to form.
Last year 132,000 families in Portugal were unable to pay their full monthly mortgage so, encouraged by the government’s assurance that the banks are being more customer-focused over arrears problems, many asked for some financial and contractual leeway in order to keep the roof over their family’s heads.
Lagos council is hosting a clean environment, 'no oil please' conference with the launch of Sea Week, kicking off with a session on coastal zone management this coming Friday.
The council has announced a key seminar on the management of coastal zones, seas and oceans and the importance of the maritime economy to the Algarve with the council's mayor standing shoulder to shoulder with his colleagues at mayors group AMAL against regional oil and gas exploration.
