The chief executive of Vilamoura World, a project owned by the US venture capital company Lone Star Fund, today announced a development plan centred on the commercialisation of 18 linked projects which need a cool billion euros to be achieved.
According to Paul Taylor, the Chief Executive of the managing company, it's all about building turnkey projects including housing, leisure, tourism and retail over a 400 hectare area in the next five to seven years.
The eurozone economy grew at a faster rate than initially thought in the first half of this year.
The data from Eurostat shows that France remains stuck in stagnation and lags behind the rest of the euro region.
Quieter times have been reported from the Spanish enclave of Melilla, now heavily fortified against migrants seeking to enter EU territory.
It has been four months since anyone has managed to get past the strengthened barriers.
Today’s demonstrations by taxi drivers protesting against web-based transport service Uber ended in violent clashes in Lisbon as nationally 3,000 drivers mounted slow drives through the capital as well as through Faro and Oporto.
In Faro more than hundred and fifty taxi drivers assembled at the Algarve Stadium to start their slow drive at 09:00 to the airport and then on to the regional capital, ending up at 11:30 at the Largo de São Francisco.
The latest plan from the European Commission shows Portugal’s refugee total intake increasing to 4,775 as the figures are reworked due to rapidly increasing numbers and the inability of Greece and Italy to cope with boatloads of refugees arriving each day from north Africa.
Germany, France and Spain will receive the lion’s share of the 160,000 that member states are to accommodate, according to the latest proposal from the European Commission.
Lagos council has approved a grant of €1,744 to Almargem to help it continue to manage and promote the Via Algarviana, a pan-Algarve walking route so admired by many off season walkers.
This financial support by Lagos council recognises that the route is "an important structure and an additional factor of attraction and promotion of the Algarve region in the nature tourism segment, and an important complement to the traditional ‘sun and sand’ appeal of the Algarve.”
Planning well beyond his tenure, Faro’s mayor Rogério Bacalhau plans that his proud city will successfully submit and win a bid to become European Capital of Culture in 2027.
Announcing his plan during Faro’s municipal day, Bacalhau admitted "It's not an easy process, we have, of course, many cities competing, but I think Faro and the Algarve have the right conditions."
Andalucía is working to lure back Russian visitors whose numbers dropped significantly as the rouble fell to half its value since last year.
Before that, Russians have proved to be big spenders. Their daily average of €165 was double that of other visitors.
