Bank of Portugal now accused of having caused BES collapse
In another week of after-shocks surrounding the biggest private banking scandal ever to hit Portugal, Luxembourg lawyers acting for creditors of Espírito Santo Financial Group (ESFG) blame the Bank of
Fitch ratings agency gives Portugal thumbs-up
Fitch ratings agency is definitely more optimistic about Portugal’s chances for economic growth than the IMF (see page 2), but still it sounded the warning this week that we are
GNR sergeant in dock for trying to strangle subordinate
A GNR sergeant went on trial this week charged with attempting to strangle a subordinate officer as a result of an altercation over the changing of a patrol car tyre.
Foreign Minister Paulo Portas predicts Chinese investment boom in “many virtually unexplored areas”
The investment boom that has attracted Chinese to Portugal in huge numbers in the last few years is expected to continue, largely because China is seen here “without mistrust”, claims
Millenium bcp fails spectacularly to balance books
Despite having said that it hoped to break even by the end of 2014, Millennium bcp -Portugal’s largest listed bank which failed the latest round of European stress tests –
Government questioned over lack of meds at Algarve hospitals
The Left Bloc (BE) has questioned the Ministry of Health over recent delays in the stock of much-needed medication at Algarve hospitals. As the Resident reported last week (see https://stg.portugalresident.com/algarve-hospitals-under-fire-for-lack-of-cancer-meds),
Islanders vow to take “illegal” Ria Formosa demolitions to European Court
Desperately calling for justice as they see their homes being razed to the ground, Ria Formosa islanders’ may now take their plight to the European Court. In another bid to
Maddie cop thanks all those who have supported him this far
In a statement that points to the agony endured through five horrendously difficult years, former PJ detective Gonçalo Amaral has written a public statement to thank all those who have
Social Security seizes over €600 million from Portuguese taxpayers
The figure translates into 374,150 ‘seizures’ over 2014, including liens on property, salaries and the freezing of bank accounts. In all, it was a record year for tax collectors who
Crisis in Angola impacts on Portugal and “many other countries”
The economic crisis affecting Angola as a result of the low price of oil is now being felt by many other countries, Portugal included. According to news reports coming out