Gyms taxed at 23% IVA
Exercising at gymnasiums and sport academies in Portugal will become more expensive next year as the facilities will incur a VAT charge of 23%. The tax increase will reflect on
I had to win Portuguese hearts, said ambassador Alex Ellis
Special Report by Chris Graeme “An absolute joy” among a people whose “virtues are profound and immense” was how the British Ambassador to Portugal described his three year tenure in
Portugal in ratings agency downgrade threat
Portugal is facing a fresh credit rating downgrade, this time from Moody’s which fears the Government’s current austerity package will damage growth. The United States ratings agency, which has put
Baggage handlers’ strike still on
by CHRIS GRAEME chris.graeme@theresidentgroup.com Unions representing employees working for Portuguese national carrier TAP and ANA Aeroportos, including Groundforce and Portway baggage handling companies, announced this week that they will maintain
Supercharged horizon
Official World Superbike and Supersport testing returns to the Algarve for the third year in succession between January 21 and 23. Although a host of top teams will be putting
Open challenge
Pedro Martins and Telma Santos headed up a five-strong Portuguese party at last week’s badminton Italian Open. The two Che Lagoense stars were amongst the favourites to reach the final
Political party criticises lack of licences at council-run
By CHRIS GRAEME chris.graeme@theresidentgroup.com A left-wing party has criticised the lack of inspections and licences at council-run catteries and kennels in Portugal. This is despite the fact that a regulation
Portugal needs a mentality revolution, says author
An international best-selling Portuguese author has criticised nearly 80 years of what he called the ‘nanny state’ mentality in Portugal. Miguel Sousa Tavares, author, lawyer, journalist and broadcaster, told a
Young people suffering from economic crisis
Around 314,000 young people in Portugal do not study or work and in the past three years, the number has risen by 10,000 each year. Figures released by the National
Economist says companies struggle to grow in Portugal
by CHRIS GRAEME chris.graeme@theresidentgroup.com Economist Daniel Bessa slammed the State Budget for 2011 as not being sufficient to calm international market jitters. Addressing movers and shakers at a lunch organised

