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Portugal's 2016 State Budget at last approved despite opposition rancour

EIC 17 March 2016

assemblyThe economists who participated in Bugdet Watch 2016 consider that the State Budget for this year is the best since 2010, the year in which the annual study started.

The study is a cooperation between the Institute of Public Policy, the Instituto Superior de Economia e Gestão and Deloitte.

Read more …

Portugal's national tourism authority raided in corruption probe

EIC 17 March 2016

turismodeportugallogoPortugal’s national tourism authority today suffered the indignity and media scrutiny of a raid by the national anti-corruption unit acting under orders from Department of Investigation and Penal Action in Lisbon.

Inspectors collected documents relating to contracts and tenders for the promotion of Portuguese tourism abroad, particularly in Brazil.

Read more …

BES customers' compensation agreement 'before April'

EIC 17 March 2016

besThose charged with coming up with a solution for those BES customers who were tricked out of their savings in the ‘commercial paper’ rip-off, want to reach a final agreement by April.

Banco Espírito Santo may be asked to chip in with compensation for their customers, even though the 'bad bank' is in administration, having gone bust in August 2014.

Read more …

Migrant numbers in Germany scaled down

17 March 2016

refugueesIn 2015 around 600,000 refugees are reported to have stayed in Germany, according to new official figures.

While a parliamentary answer to Die Linke (the Left Party) showed that at the end of 2015, there were 1.25 million refugees in Germany, the number includes 627,000 who were registered at the end of 2014.

Read more …

Portugal's 'new poor' can't deal with poverty

EIC 17 March 2016

childpovertyOne in every 14 Portuguese families is unable to buy enough food as they do not have the money, according to the Directorate General of Health.

The coordinator of the National Programme for the Promotion of Healthy Eating, Pedro Graça, said the findings are worrying but this statistic may not give a true picture across the country as the data was collected only from those using the National Health Service.

Read more …

Silves bridge to be classified as a monument of public interest

EIC 17 March 2016

silvesbridge2The old bridge in Silves, known by many as the Roman bridge, is being classified as a monument of public interest and to this end, a notification was published in the Official Gazette on February 18th.

The 76 metre bridge is built from local stone and has five perfectly formed arches spanning the river Arade.

Read more …

German triple spy agent imprisoned

17 March 2016

prisoninteriorA former German intelligence employee has said he started spying for the US and Russia because he felt under-appreciated and not sufficiently challenged in his job.

Markus Reichel, 32, was sentenced by a Munich court to eight years in jail for spying for both the CIA and the Russian secret service.

Read more …

Algarve launched as a top walking and cycling destination

EIC 17 March 2016

cyclingA report into the seasonality of tourism commissioned by airports operator ANA has resulted in a 35 action point plan to improve and promote the Algarve’s walking and cycling routes.

Essential upgrade work will be completed by the end of the summer and a schedule of improvements will be made over the next three years to enable the Algarve to become a walking and cycling destination in the cooler, off season months.

Read more …
  1. Damaging revelations shake Brazil further
  2. PAN party wins VAT concession for vet bills
  3. Algarve aims to shine at Tourism Oscars
  4. EDP boss gets €360,000 bonus for 'leadership qualities and strategic vision'
  5. Monchique council's former vice-president in court for embezzling funds
  6. French people pick up the expat habit
  7. British shoppers savour packaged meat, large chocolate bars, and pod coffee
  8. Faro airport baggage handlers to be sacked

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