fbpx

Little improvement in Portuguese employment

unemployedThe unemployment level in the eurozone dropped from 11.5% in November 2014 to 10.5% last November.

This still left nearly 17 million people in the region without jobs.

Thieving officials in Rome sentenced to prison

romebikeFive individuals have been convicted of corruption in Rome and more are currently on trial.

Among the convicts is a former councillor for the city, Daniele Ozzimo.

Diabetes epidemic threatens NHS capacity

nhspyjamasThe soaring rate of obesity in the UK has triggered a diabetes time bomb as the number of people who have disease rose by 65% in just the last decade.

More than four million people in Britain have the condition and experts fear the number could reach five million within another decade.

Government and Gateway again meet to discuss TAP’s future

tap2This second meeting was described as ‘very positive’ which is an improvement on the statement after the first meeting in which the new Socialist government made it clear to Atlantic Gateway’s directors that it fully intends once again to control the former State airline.

The agenda is the same and it is up to the parties to work out a way of enabling PM António Costa to complete one of his pre-election promises while not leaving Gateway out of pocket.

Bank repossessions continue to cause misery

apartmentsEach day in Portugal, an average of 27 families are forced to hand their homes back to their mortgage lenders as they no longer can afford the payments.

According to latest data from the Bank of Portugal, the number of unable to continue paying their mortgage has been increasing year after year.

UK benefits restriction could hit 120,000 Portuguese

davidcameronAbout 120,000 Portuguese emigrants to the UK may be affected by the British Prime Minister’s proposal to cut social support to European Union immigrants.

"According to the Emigration Observatory data, in 2013 and 2014 about 30,000 Portuguese entered the UK each year. This number did not change substantially in 2015 and will not change in 2016 and 2017. This points to about 120,000 Portuguese being affected," says Portugal’s Ministry of Foreign Affairs.

Former PT directors and Deloitte sued over €897 million Rioforte loan

ptPharol, formerly Portuguese Telecom, today lodged a lawsuit against its own former auditors Deloitte which was involved in the disastrous PT investments in Rioforte, a property company within the Espírito Santo Group.

Pharol does not stop there though, as it also is suing former PT directors Henrique Granadeiro and Luís Pacheco de Melo for agreeing to lend Rioforte €897 million of PT’s cash, money that was never returned as Rioforte went under in the Grupo Espírito Santo meltdown.

"Hard to understand" Local Lettings rules to be changed by new Secretary of State for Tourism

alAna Mendes Godinho, the new Secretary of State for Tourism, is to change the Alojamento Local rules as she realises that many are "hard to understand."

At a speech made at a meeting with the Association of Portugal Hospitality (AHP), Godinho said also that she is almost ready with a financial support package to address the specific needs of tourism businesses.