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Alisuper close to the financial edge

fruitThe government has been alerted to 'irregularities' at the Alisuper chain of convenience stores as management struggles with cash flow, rent and suppliers.

As part of an old wage arrears agreement, which the Nogueira Group agreed to shoulder when buying the chain in 2012 for €26 million, quarterly payments must be paid to staff both present and past.

Three bids received for TAP

tap2The government has received three bids for the purchase of 61% of Portugal’s state airline TAP.

Just minutes before today’s 5pm deadline, bids were received from David Neeleman and Germán Efromovich as expected but also from Portuguese 'golden boy' businessman Pais do Amaral.

Lagos - Dona Ana beach has not been adversely affected, according to minister

donaanaThe Environment Minister said today that Dona Ana beach in Lagos 'has not been affected' by recent works.

Jorge Moreira da Silva visited what once was named as ‘Portugal’s finest beach’ and said that the recent alterations had been "decisive and sensible."

Portuguese paid €60 billion in tax last year

tractorplougingThe Portuguese public paid nearly €60 billion in taxes last year, up 2% with income and property taxes leading the rise.

According to the National Institute of Statistics, direct taxes declined, but indirect taxes and social security payments increased.

Portimão starts to pays off its creditors

portimaocamaraPortimão council is to pay off the smaller of its long-suffering creditors as Isilda Gomes pledges to clear a swathe of small debts.

The most indebted council in the Algarve and one of the worst in the country, Portimão has lined up 479 of its smaller creditors for a surprise result.

President wants Portugal's young emigrants to return home

cavacosilva3The President of the Republic, Cavaco Silva, has addressed a conference for Portugal’s remaining youth: "It is essential to create conditions to attract back those who have chosen to settle abroad."

The President asks Portugal not to waste the human capital that it has amassed in recent years and should try to attract back those who went to live abroad.

Spain’s worst disaster mine under fresh probe

riotintomineralThe reopening of a controversial mine in Andalusia which caused a massive ecological disaster has been put on hold by a judge due to allegations of corruption.

The Los Frailes mine, outside of Aznacollar and west of Seville, was closed 17 years ago after a residue dam burst in April 1998. Acidic sludge with dangerous levels of heavy metals poured into the River Guadiamar, which is the main water source for the Doñana National Park.

Almancil - head on crash claims another EN125 victim

citroenThe EN 125 again has been the site of a fatal car crash leaving one dead at the scene and one seriosuly injured.

The road was blocked off after the accident that happened at 1.20pm today, Friday May 15.