The new boss of Ikea Iberia, Tolga Öncü, has announced bold plans to double the number of outlets in Spain within the coming ten years.
"Right now we have 16 stores in Spain and pickup points and by 2025, we hope that there will be double the opportunities to physically buy from Ikea," he told Spanish newspaper Expansión.
The Agência de Gestão da Tesouraria e da Dívida Pública (IGCP), that’s the one that issues government bonds to keep the country going, has been obliged to issued €1.3 billion of debt to start the process of covering the €3.9 billion hole left by the non-sale of Novo Banco.
This is but one of the initiatives of the agency as detailed in its re-written plan to keep the country’s finances on track after the central bank failed to sell Novo Banco, the business that it created from the burnt out wreck of BES last August.
The Bank of Portugal and the stock market regulator CMVM only now are investigating in detail what was said and done at the key BES management meetings at which the creation of the now notorious ‘commercial paper’ investment scheme was approved.
The two regulators want to find those responsible for the decision to create the financial products sold in BES branches that caused the loss of €720 million of euros, leaving about 2,500 depositors stripped of their savings.
Tourists visit Portugal looking for quality and then are happy with the low prices they find, according to the Secretary of State for Tourism.
Portugal is now on world tourism map and, despite never having been the main intention, low prices are one of the benefits noted by those visiting the country.
Spanish steak is tickling the palates of foodies in trendy London restaurants.
The beef comes from retired dairy cows or working oxen, Galician Blonds, which can be as old as 14 years. The cattle will have spent most of their years in pastures.
The foods in question have swiftly been removed from the market but some Origem Transmontana smoked meats and cheeses seized by Portugal’s food safety authority ASEA have been proved to be carrying deadly botulism.
Health officials recorded three cases of botulism this month traced back to dodgy foods and, after investigations, have had the meat products and cheeses under the brand Origem Transmontana withdrawn from the market.
Portuguese energy giant EDP has presented a set of climate change countermeasures to the UN, including a pledge to invest €200 million by 2020 in research partnerships and the development of clean technologies, energy efficiency and intelligent networks.
"The commitment to provide competitive power based on low carbon levels that are capable of ensuring sustainable economic growth is central to EDP's strategy. But we think we must all do more.
Passos Coelho and Paulo Portas changed their campaigning plan today to avoid having to speak over noisy BES protestors.
The GNR were on site at Plaza Don Luís, in Paços de Ferreira, Oporto, and with the help of the Riot Police blocked the protestors who had gathered in front of the podium at one end of the square.
