Portugal News

February 20, 2019

Post Office – profits slide by 28%

Portugal’s Post Office company, CTT, has reported profits below €20 million for 2018 and has cut the dividend by 7’%. The 28% slide in profits is blamed on the costs of restructuring. “The reported net result of €19.6 million was…
February 20, 2019

Portugal’s govt survives censure vote

Portugal’s socialist government easily survived a censure vote Wednesday called by a right-wing opposition party, standing it in good stead for European and legislative polls later this year. Letfist allies backed the government to see off the no confidence motion…
February 20, 2019

Tourism pushes house prices yet higher

Housing in Portugal has been under “great pressure” in recent years. This is one of the problems identified in Portugal’s economy by the Organisation for Economic Co-operation and Development. The OECD says that real estate prices, leveraged by tourism, have…
February 20, 2019

Portugal nurses suspend strike but vow to fight on

A nurses’ strike in Portugal which brought non-essential operations to a standstill for nearly three weeks over demands for higher pay ended on Wednesday after a union called it off, the government said. Operating theatres reopened fully in 10 hospitals…
February 20, 2019

Portugal’s poorly insulated homes waste energy

There are three countries in Eastern Europe are worse off than Portugal when it comes to energy poverty, according to a European study that evaluated the ability of households to keep their homes at comfortable temperatures and pay the energy…
February 19, 2019

C17th ‘Tower of Babel’ painting arrives at Faro Museum

A valuable 17th century Flemish painting is to exhibited at the Faro Municipal Museum, from February 19th at 6:00 p.m. ‘The Tower of Babel’ is the first exhibit on loan in the Algarve from Novo Banco. The opening ceremony will…
February 19, 2019

‘Biosphere certification’ discussion at Aljezur’s nature Tourism event this weekend

One of the most important nature tourism events in the region starts in Aljezur on Friday and runs until Sunday, February 24, with the support of the Algarve region’s tourist board. The challenge is to build a more sustainable future…
February 19, 2019

Councils’ legal action thwarts CTT’s plans to close Algarve post offices

Portugal’s Post Office company, CTT, has been thwarted in its well developed plan to close branches in the western Algarve. An injunction, to be lodged by the Association of Municipalities Terras do Infante, i.e. Aljezur, Lagos and Vila do Bispo…
February 19, 2019

Silves Council backs former Alicoop workers all the way

Silves Council has declared its solidarity with former Alicoop supermarket workers who were forced to take out loans to keep the company afloat, or lose their jobs, and who are being pursued by the lender. The Council has called for…

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