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Franco to be proclaimed a dictator

francoGeneral Franco is at last going to be described officially as a dictator.

His official biography will be amended to say that Franco led the country for 36 years as a dictator.

UK shoppers promote Aldi

aldiAldi has now become Britain’s sixth largest supermarket, kicking Waitrose out of that spot.

The measurement is by market share taken over the first 2 months of 2015.

Successful Lagoa Wine Show attracts 4,000 - 6,000 visitors

4779The management of the ‘Lagoa Wine Show’ is to apply for Lagoa to become the 'Wine Capital' in 2016, according to mayor Francisco Martins following the first show at the Arade Congress Centre in Parchal from April 2 to 4.

The Easter Friday holiday helped attendance with the number of visitors variously reported as ‘nearly 4,000’ to ‘over 6,000’ depending on which publication you refer to.

Golden Visa numbers well down

GoldenVisaGolden Visa numbers fell again in March to just 87. This was 16 fewer than the 103 granted in February, but nine more than the 78 recorded in January.

The amount invested during March by wealthy foreigners buying property in Portugal, or by transferring €1 million to the country, fell by €10 million compared to February, with €54 million being spent.

BPI's offer to buy Novo Banco rejected as 'too low'

bpiThe ‘low price’ offered by Fernando Ulrich at Banco Português de Investimento (BPI) for Novo Banco, owned by the taxpayer, has been firmly rejected by the Bank of Portugal.

Under the offer terms, Ulrich can ask for ‘clarification’ of the decision anytime before the weekend but it is unlikely that he will forward a sweetened proposal or raise his price as BPI also is engaged in a complicated and distracting takeover bid from Spain’s Caixa Bank.

March growth boosts hopes for eurozone

factoryThe eurozone’s economic strength in March experienced “its best growth momentum since 2011”.

The respected Markit index findings gave analysts reason for some optimism that the region’s pace of expansion could gather pace in the coming months.

New registration scheme for foods containing additives and pesticides

fruitPortugal is to be a major contributor to a new database bing launched to gather information on hazardous or potentially hazardous foods.

Suspected cases of foods contaminated by chemicals, additives and pesticide residues will be available on a web platform populated with information from several Portuguese bodies and can be accessed by concerned European associations.

Starbucks to foot university costs

starbucksStarbucks in the US is offering to pay university tuition fees for its staff.

Employees in the US can undertake a bachelor’s degree through online courses at Arizona State University.