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Martinhal owner wins 'Manager of the Year' award

EIC 15 January 2016

martinhalFormer Secretary of State for Tourism, Adolfo Mesquita Nunes, was chosen as ‘best public manager of the year’ in the third annual Amadeus Brighter Awards ceremony.

The former Secretary of State for Tourism was given the awarded for his innovation in the tourism sector, primarily for his work on digital marketing and developing new ways of promoting Portugal as a top tourism destination – it was not for his launch and the subsequent failure of the Alojamanto Local legislation.

Read more …

VRSA to contract out its water and sewage service

EIC 15 January 2016

vrsa2Vila Real de Santo António council is to privatise the area’s water and sewage systems as it launches a tender process for a 30-year contract.

The municipality is seeking €47 million at current prices, updated according to inflation as the contract progresses.

Read more …

Algarve wins top spot for British tourists

15 January 2016

4828The Algarve has trumped Prague having risen to the number one spot for the most affordable holiday destination for British tourists.

While prices fell by as much as 31% in more than half the 44 cities and resorts surveyed worldwide, in the Algarve the drop was recorded as 19% by the annual Post Office Travel Money report.

Read more …

IMF wants debt relief for Greece

15 January 2016

greekbankGreece has conceded that the IMF will play a part in its new rescue deal.

Greek finance minister Euclid Tsakalotos said his government was now committed to keeping the IMF on board.

Read more …

International investor confidence shaken by Bank of Portugal governor

EIC 15 January 2016

ftThe Financial Times has joined in the rising clamour surrounding the Bank of Portugal’s governor whose recent series of actions have caused international opprobrium, with overseas investors’ trust in Portugal at a depressing and avoidable low.

The recent stripping of investors of €2 billion in bonds held by Novo Banco has affected the principle of equal treatment of debtors, has left large institutions such as Pimco hundreds of millions out of pocket and has left another group of individuals without their life savings.

Read more …

Prison sentence demanded for former IMF boss

15 January 2016

prisoninteriorSpanish prosecutors have called for a 4.5 year prison sentence for the former head of the IMF.

Rodrigo Rato is one of 66 people caught in a scandal in which executives and board members at Caja Madrid and Bankia banks misappropriated money.

Read more …

Portuguese pharma company drug trial leaves volunteer brain-dead

EIC 15 January 2016

pillsA drug trial in France commissioned by Portuguese pharmaceutical company Bial has left one man brain-dead and five others have been rushed to hospital.

The trials in Brittany involved six people tested with an oral medication being developed by a European laboratory in Rennes where the “serious accident” happened, according to French Health Minister, Marisol Touraine.

Read more …

Let's get the EN125 sorted out

EIC 14 January 2016

en125postPortugal's Communist Party’s parliamentary group has submitted a draft resolution to parliament to get the EN125 into shape after years of deliberate neglect by the previous government.

The Communist MPs want the new Socialist Party government to adopt the necessary measures to ensure that the roadworks on the Algarve’s EN125 are completed quickly and demand that Infraestruturas de Portugal gets the job done after years of sodding about.

Read more …
  1. Olhão leads resurgence in Algarve tourism
  2. TAP’s owners want to settle out of court
  3. Refugees benefit from German economic expansion
  4. Portugal way off reaching 2020 renewable energy target
  5. Spanish lifeguards detained for smuggling refugees
  6. Airbnb guest discovers hidden camera
  7. Indian detained in Portugal has case raised in the Houses of Parliament
  8. Proposed VAT drop for restaurants and hotels will create jobs boom

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