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Repsol puts Algarve gas project on hold

REPSOLThe Spanish oil giant Repsol has postponed its plans to drill for gas off the Algarve coast but says the exploration project has not been cancelled.

Repsol's Executive Director in Portugal commented that due to the current uncertainty in the sector, dates are not and cannot be rigid.

DVLA removes tight timings for car rentals abroad

renaultlagunaAlong with the new style of British driving licences came a passcode system with a 72-hour window for renting cars outside the UK.

Motorists who intend to hire a vehicle while traveling abroad have to log on to the DVLA website before leaving the UK to get a one-off passcode when they provide to the hire company.

Faro council sells historic site for €1.7 million

gavelThe Magistério Primário school building in Faro’s historic centre has been auctioned off for €1.7 million.

A businessman linked to the wine and football business outbid an Arab and another Portuguese businessman to purchase the building in order to build an hotel.

Another top name arrested in Operation Marquês

valedeloboArmando Vara, a former minister in the socialist government of António Guterres and friend of José Sócrates, has been arrested at his home in Cascais as part of Operation Marquês.

Police made searches at Vara’s house and at offices and the headquarters of Caixa Geral de Depósitos of which he was a director, an appontment arranged by former PM Sócrates.

Scheme to renovate old buildings launched by Environment Minister

graffitiThe Minister for the Environment has launched a housing scheme which he hopes will be sufficient to encourage the widespread renovation of rundown buildings for the lettings market.

This 'Rehabilitate for Rent' scheme has a low-interest credit line to help landlords improve the conditions of their properties and in return the properties are to be let at '20-30% below the market rate.'

Vila do Bispo wins ‘Council of the Year, 2015’ award

sagresBirdwatching was the key to Vila do Bispo’s success in the annual 'Council of the Year’ awards, beating national competition and local entries from Monchique, Vila Real de Santo António and Aljezur into first place.

The Sagres Bird Watching Festival with nature activities organised in the Vila do Bispo's council area gave this western Algarve council the winning number of votes at the event held in Braga last night.

New inheritance rules for EU countries

funeralNew European regulations will give expats the right to decide who should inherit their assets, such as property or investments.

For the first time, foreign residents in EU countries will not have to be bound by the succession rules of their country of residence.

Faro to Olhão dredging 'to start in July'

riaformosaFaro council today stated that the dredging of the Faro to Olhão channel will start in July 2015 as the contract now has been signed between the Polis Litoral Ria Formosa company and the contractor, a local subsidiary of Rohde Nielsen from Copenhagen, Denmark.

The signing session was scheduled for July 9 but the preliminary survey work started a while ago, according to Faro council.