Lisbon has the fourth highest growth rate in Europe for foreign visitors, but nobody knows what they are doing.
There will be an estimated 3.56 million foreign visitors to Portugal’s capital this year, spending €1.620 billion.
This total spend is way behind the big cities of London or Paris of course, but is a credible performance with numbers growing 8% per year since 2012.
Sepp Blatter resigned as FIFA president on Tuesday, four days after being re-elected to a fifth term.
Blatter, 79, announced the decision at a news conference in Zurich, six days after the FBI raided a hotel in Zurich and arrested several FIFA officials.
Faro airport has crawled into the modern age and now offers free unlimited Wi-Fi.
Long a complaint from travellers using the Algarve’s airport, free Wi-Fi also will be offered in the other nine airports managed by French-owned ANA, including those in Madeira and the Azores.
Government heads cannot seem to help themselves from playing out the TAP negotiations in the public arena despite the final two bidders requiring calm and quiet as they work on their enhanced bids.
The Minister for the Economy, António Pires de Lima, today issued a "friendly warning" to Germán Efromovich and David Neeleman, the two remaining bidders for the state airline, suggesting that they make their "best efforts" to provide "the best offer" by the end of Friday.
The FBI has been sending surveillance planes over a number of major cities in the US.
The planes were operated under fictitious aviation companies.
The Ministry of Finance tried to argue today that there was no conflict of interest at all in appointing a former Deputy Secretary of State for Public Administration to investigate the VIP Taxpayers List affair, even though Conceição Baptista was employed by the very ministry under investigation.
The inquiry commissioned by the Tax and Customs Authority into the VIP Taxpayers List was conducted by Baptista who until one year ago was a member of the Ministry of Finance and more worryingly, was a colleague the Secretary of State for Fiscal Affairs, Paulo Nuncio who of course was found to be blameless.
The face of Germany could change rapidly as its birth rate has plunged to the lowest level in the world.
As longevity increases, the country’s workforce will begin to shrink by 6 million over the coming 15 years, menacing the viability of Europe’s most productive economy.
The Financial Times reported today that, in its well-informed opinion, Novo Banco will be sold to a Chinese bidder.
The sale will yield more than €4 billion with Anbang Insurance and Fosun International vying for the bank formed last August as part of the Bank of Portugal’s 'resolution' when Banco Espírito Santo went bust.
