Euro weekly update – week ending 14th July 2017
There were mixed signals around the closely watched inflation figures in Europe’s two biggest economies, as German inflation rose while French inflation showed a slowdown. The euro did come under
BES patriarch Salgado writing memoirs to restore his honour
In a country where it has become glaringly obvious that the more one owes, the less one ends up paying, former BES patriarch Ricardo Salgado has been talking to the
Black day for emigrés as BES ‘compensation fund’ cuts them out
Friday July 14 was described as an “important day for investors damaged by the sale of BES commercial paper in Portugal”. Important that is for nationals living in this country.
EU cranks up pressure on Madeira’s tax-free zone
Rumblings of discontent have been audible for some time, but now Brussels has initiated the “infraction process against Portugal” regarding Madeira’s tax-free status. In place since 1980, and only recently
Weekend weather: “Hot and sunny”
Another very “hot, sunny weekend” with little to no wind is forecast for Portugal though temperatures are set to drop 2ºC to 5ºC, starting tomorrow. According to national sea and
PT’s new owner gets stick from prime minister Costa
In a week when French telecommunications operator Altice announced it is planning Europe’s first online bank, enthusiasm from the Portuguese government has been thin on the ground. Taking questions after
Man fired for leaving dogs boiling to death in company van
The owner of the dogs left to roast to death in a parked van this week has been fired from his job. According to tabloid Correio da Manhã, the man’s
Quercus “delighted” with new government forestry boss
With lower-echelon government reshuffle the order of this week (six out, including the Galpgate trio, and eight in), environmental group Quercus is delighting in the appointment of new forestry boss
Portugal’s richest man dies
Américo Amorim, Portugal’s richest man and former president of Galp oil company, has died Only yesterday, national media was reporting that Amorim had “slapped a €200 million lawsuit on the
Dogs die in agony inside boiling hot car
Two dogs died on Tuesday afternoon (July 11) after being left inside a locked car parked in the full glare of the sun outside Strada shopping in Odivelas, Lisbon. “They