Parallel economy represents a quarter of the country’s wealt
By CHRIS GRAEME chris.graeme@theresidentgroup.com The amount of money that the Portuguese government fails to collect in taxes would be enough to balance the State Budget to within the three per
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
Portuguese sugar rush calms down
A mad sugar rush in Portuguese supermarkets began to calm on Monday after a weekend which saw shelves up and down the country emptied of the sweet commodity. The rush
Portugal’s external deficit falls to 6.3% of annual GDP
Signs that Portugal’s export economy, boosted by sales of transactional goods abroad, was beginning to recover from the recession emerged over the weekend. The country’s external balance of payments deficit
A wet and warm 2010
Data collected from the Portuguese meteorological office has shown 2010 to be the wettest year of the past decade, with precipitation levels 20% higher than the average. More than 1,000
24 hour chemists
Chemists across Portugal are now allowed to open 24 hours a day, seven days a week, with no extra charge to the consumer, thanks to a new Government decree. The
A licence to park
People acting as car park attendants in Faro will now need to be licensed, with those operating illegally in future facing fines. The city council hopes this will clamp down
Missing Dutch woman found in Ayamonte
Missing Dutch woman Brenda Paduch, 39, has been found by a journalist from Dutch TV show Vermist (Missing) in Ayamonte, Spain (see Algarve Resident December 10 edition and story online).
Changes at Bowls Portugal
Members of the Valverde Bowling Club in Almancil, the first club in Portugal to be owned and run by the members, have voted to join Bowls Portugal. The decision was
Portugal is “increasingly likely” to need financial aid
Special Report Chris Graeme

