Algarve tourism success

Five Algarve tourism businesses were awarded for their outstanding service, product and professionalism in the ‘Publituris Portugal Travel Awards 2013’ event. Hotels recognised by Publituris were Vila Galé Lagos in

September 26, 2013by Portugal ResidentIn

BCP plan

Last week the Algarve Resident reported that Millennium bcp’s restructuring plan required the sale of its Romanian operation and the sale of its stake in Piraeus as well as BCP’s

September 22, 2013by Portugal ResidentIn

Autumn networking

The Portuguese Chamber of Commerce in the UK is organising an Autumn Networking Lunch at Balaia Golf Village in Albufeira on Friday, October 4 from 12.30pm. The event, to be

September 18, 2013by Portugal ResidentIn

BCP layoffs

A new restructured plan to sack 1,200 workers and close down 97 branches by 2017 was recently presented by the Portuguese bank Millennium BCP to the Portuguese Securities Market Commission

September 18, 2013by Portugal ResidentIn

Bad debt increases

Bad debt increased again in July and now accounts for 7.3% of all bank loans granted to Portuguese families and companies. According to the data released by the Bank of

September 12, 2013by Portugal ResidentIn

BCP boss accused

The founder and former president of Millennium BCP, Jorge Jardim Gonçalves, could pay a €10 million compensation to the Portuguese State for the crimes of falsification of information and market

September 12, 2013by Portugal ResidentIn