State to earn over 15 million a year

PORTUGUESE BANKS using state guarantees to re-float their liquidity levels will have to pay at least 15 million euros a year in interest for the privilege. Financial conditions negotiated between

December 11, 2008by shareitIn

Job cuts

A TOTAL of 14,000 jobs are going to be cut by the end of 2009 as part of a plan to reduce the 10 billion dollar debt of the world’s

December 11, 2008by shareitIn

School stars

SOME OF Portugal’s top football stars, including Benfica striker Nuno Gomes and Sporting captain João Moutinho, have said they would be interested in returning to school to complete their education.

December 11, 2008by shareitIn

Suspicious soya

DESPITE A ban on the importation and sale of soya products from China being implemented on December 3, many items containing this ingredient were still on sale across Portugal. On

December 11, 2008by shareitIn

New offices for a new era

By DAISY SAMPSON daisy.sampson@the-resident.com COMBINING THE past while embracing the future is what staff at the new consulate offices in Portimão are trying to do as they endeavour to cope

December 11, 2008by shareitIn

Black hole

A STUDY carried out by German astronomers in Chile has confirmed that there is a giant black hole at the centre of our galaxy. The astronomers tracked the movement of

December 11, 2008by shareitIn

Holiday bookings down 6% for 2009

THE CREDIT crunch and fears of recession are causing the Portuguese to think twice before booking holidays abroad. According to the latest estimates, holiday bookings are likely to suffer a

December 11, 2008by shareitIn

Remembering British soldiers

BRITISH RESIDENTS in the northern Alentejo town of Elvas have come together to support a forgotten cemetery of British war heroes who died during the Peninsular war of 1811. The

December 11, 2008by shareitIn

INEM fails

NINE PER cent of all calls received by the emergency services INEM between January and November this year were not answered. Abílio Gomes, President of INEM, was summoned to parliament

December 11, 2008by shareitIn