Portugal News

January 22, 2019

Pressure mounts for renationalisation of Portugal’s Post Offices

The prime minister is coming under increasing pressure from party members to put the renationalisation of Portugal’s post office company, CTT, on the electoral agenda. Voices are now being raised, demanding a share buy-back be listed in the manifesto for…

January 21, 2019

Caixa Geral directors received huge bonuses despite causing massive losses

An EY report covering the most profligate years at Caixa Geral de Depósitos, between 2000 and 2015, outlined the Director’s enviable pay awards despite the State owned bank making heavy losses. The document is highly critical, especially about the 2000-2008…

January 21, 2019

Algarve water company unconcerned at low dam levels

The Algarve’s water reserves are higher than a year ago, leading Aguas do Algarve to guarantee, “the public supply in quantity and quality.” Despite the lack of rainfall, the region’s three dams may have more water than a year ago…

January 21, 2019

‘Bungs for burgers’ case – Air Force Sergeant ‘shocked’ by amount of cash he amassed

The latest defendant in Operation Zeus, concerning the cash bungs handed out to armed forces’ personnel in exchange for flagrant over-invoicing by bent suppliers, said he felt awful about taking the money but was frightened what would happen if he…

January 21, 2019

Concerns raised over Portugal’s rising number of infant mortalities

Portugal’s number of infant mortalities is back where it stood in 2016. For under one year olds, 60 more died in 2018 than in the previous year, taking the figures back to those witnessed in 2016. Considering the data, “troubling,”…

January 21, 2019

Brexit’s ironic twists hit Spain’s biggest industry

“Peak Tourism” has already set in. Brits account for 22% of tourists in Spain. Now add Brexit, writes Don Quijones at Wolf Street In a delectable irony, two of the biggest corporate victims of a disorderly Brexit could turn out…

January 21, 2019

Portugal’s casino market grows despite digital competition

Portugal’s land-based casino sector recorded a growth in 2018, recently released revenue stats show, despite intensifying competition from online gambling and lottery products, writes Casino News Daily. The country’s land-based casinos generated overall revenue of €318 million last year, a…

January 21, 2019

Portugal pledges a decade of solar power development

Portugal’s Minister for the Environment and Energy Transition has been saying all the right things at a conference in Madrid, insisting that Portugal will be carbon neutral by 2050. João Pedro Matos Fernandes said that the country’s emphasis will be…

January 21, 2019

‘Climate Change Leadership Conference’ – James Mayor talks to Adrian Bridge, CEO of Taylor’s Port

The wine industry takes the lead in mitigating climate change: James Mayor talks to Adrian Bridge, CEO of Taylor`s Port, about the Climate Change Leadership Conference The ancient city of Porto is home to an important new initiative to mitigate…