The Council of Ministers today agreed that Carlos Costa will continue as governor of the Bank of Portugal, the financial sector regulator. Under new laws, this is enough for Costa to continue.
The confirmation was announced by the Minister of the Presidency and of Parliamentary Affairs, Luís Marques Guedes, after today’s cabinet meeting.
The Algarve has a new association which aims to research, discuss and propose solutions to the region's challenges.
The Union for the Algarve’s Future, shortened to União AlgFuturo, rapidly is attracting members, many of whom are suspicious of the official government statistics for the Algarve which seem to not reflect the reality of economic life in the country's premier tourist zone.
The long-running saga over a development near Querença may be nearing the end as Loulé finally has approved the €10 million ‘Casas da Benémola’ project in Querença.
The mayor of Loulé, Victor Aleixo, and the chief executive of the Arto Carpus Castle Foundation, Kristiina Lappi, today signed the contract formalising the project.
The European Commission has proposed that EU countries accept 40,000 refugees – Portugal’s share is 1,701 from Syria and Eritrea which need to be settled over the next two years.
The detail of the ‘Agenda for Migration’ has been released by the European Commission while many European leaders face accusations of passivity and indifference to the shipwrecks of boats carrying desperate migrants across the Mediterranean.
Efrómovich and Neeleman, the two heavyweight contenders for control of state airline TAP, have until June 5 to submit improved offers for the airline, should they wish to.
Germán Efromovich and David Neeleman (pictured) have passed the first big hurdle and have had their opening bids accepted by the government but, as the treasury clearly senses that it has the upper hand, the bidders have been asked to go away and have a think about raising their respective offers for buying the 61% stake up for grabs.
French companies are appealing to some of the country’s expats to return home.
The keenest firms are start-up ones needing talented staff with international experience.
Britons are to be asked if they wish to “remain a member of the European Union” in the well-publicised in-out referendum.
The full question in the referendum bill is: “Should the United Kingdom remain a member of the European Union?”
People from the Basque region can feel reassured now because they can once more enter Iceland without fear of being killed on sight.
A law dating back 400 years permitted, indeed encouraged, the murder of anyone from the Basque part of Spain who dared step foot in Iceland’s Westfjords area.
