Maximum security measures in place for NATO summit
By CHRIS GRAEME chris.graeme@theresidentgroup.com Final security preparations were underway in Lisbon this week for perhaps the most important NATO summit since the end of the Cold War which will define
Interest rate on sovereign debt climbs to seven per cent
Interest rates charged by international markets to buy Portuguese sovereign debt soared to seven per cent on Tuesday. The rate is the maximum psychological level beyond which, according to Portuguese
New shopping centre on schedule for 2011
By PAULO SILVESTRE paulo.silvestre@theresidentgroup.com Aqua Portimão, a new shopping centre at Cardosas, near Portimão, is on track to open before Easter 2011 as planned. A spokesman from the Bouygues Real
Two banks in ratings cut row with agency
By CHRIS GRAEME chris.graeme@theresidentgroup.com Portuguese banks have slammed a ratings cut by United States ratings agency Fitch as “unjustified”. Banco Espírito Santo (BES) has decided to cut its relations with
Portugal and China sign trade agreements worth €712 million
By CHRIS GRAEME chris.graeme@theresidentgroup.com Portugal and the People’s Republic of China have signed a 712 million Euro package of trade deals on the back of an official presidential visit. President
TGV cancellation could cost Portugal dearly
The Portuguese government’s decision to put plans for a TGV high-speed rail link between the Spanish border and Lisbon on ice could result in the loss of hundreds of millions
Mortgages set to rise by as much as 250 Euros in Portugal
Interest rates on mortgages in the last three months have soared by 0.049 per cent per month.
British Ambassador takes ‘go green’ to new heights
By Chris Graeme chris.graeme@theresidentgroup.com In a further milestone commitment to being green, the British Embassy in Lisbon has installed a revolutionary new solar panel at its premises. The new, light
Future of state pensions seriously under threat
By CHRIS GRAEME chris.graeme@theresidentgroup.com Falling birth rates, the retirement of the baby boom generation and the economic crisis are threatening the future of the State pensions in Portugal. Within 25
Torture gang ran cross border drug factory
by DAISY SAMPSON daisy.sampson@theresidentgroup.com PJ police have uncovered a cannabis factory near Lisbon during their investigation into the kidnapping of 26-year old father of two James Ross in early October.

