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Finland gives qualified support to UK reform of EU

davidcameronFinland has given tentative backing to David Cameron’s efforts to renegotiate with the European Union and to hold a referendum.

Finland’s new foreign minister, eurosceptic Timo Soini, said the plan was an “absolutely a great idea” but added that Finland would not be a “100% supporter at every stage”.

Champagne and Burgundy wines recognised as World Heritage

vinesCorks were no doubt popping in France on Sunday after the country’s cherished Champagne area was listed as a Unesco World Heritage site.

Several Burgundy vineyards were also given the same recognition.

Alvor's artifical reef boosting tourism

oceanrevivalAn exhibition has opened in Portimão museum illustrating how the artificial reef off Alvor was established with the deliberate sinking of four unwanted naval ships.

The ambitious project has ensured that the Algarve now is included on many divers' wish lists for European dive sites.

Greece targets Swiss bank accounts

hsbc3While Europe nervously awaits the outcome of the Greek referendum, the country’s government has proposed another initiative to garner revenue.

Greece has asked for what appears to be a partial amnesty on money deposited by Greek citizens in Swiss banks.

Efromovich to present Brussels with reasons to overturn TAP sale

efromovichGermán Efromovich is to lodge a formal complaint in Brussels 'within days' as European rule n.º2407, from 1992 stipulates that only European citizens may own European airlines, including TAP.

The Gateway consortium owned by David Neeleman and Humberto Pedrosa now seems to have overstepped the mark and broken this simple rule.

Chinese smart meters may end EDP rip-offs

edpA hitherto hidden benefit of the Chinese owning 21% of Portugal’s electricity supplier EDP is the current testing with a view to purchase of new ‘smart meters’ from Chinese manufacturer Kaifa.

EDP needs to invest in new meters, the new batch is being tested in Lisbon for three months, but why this has taken 18 months since the current EDP meters were proved to be faulty is not explained.

Loulé council offices raided

eurozoneSearches were carried out at the council offices in Loulé yesterday as part of Operation Marquês.

Offices at the Vale do Lobo resort in Almancil were raided in mid-May as prosecutors continue to unravel the source of millions of euros in illicit payments made to the former Prime Minister José Sócrates.

Three AliSuper stores given to Pingo Doce

alisuperAliSuper's owner has given away three shops to Pingo Doce as it winds down the business in the face of rising costs and old debt repayments.

Pingo Doce has taken over the leases for the stores in Caliços (Albufeira), Quinta do Lago and Vale do Lobo for the cost of the 'goodwill.'