Former Finance Minister Gaspar read about BES's problems 'in the papers'

gasparIn the continuing inquiry into the collapse of Banco Espírito Santo, the former Finance Minister Vítor Gaspar said that he only learned of the financial difficulties in Grupo Espírito Santo at the end of 2013.

Gaspar sent written responses to questions posed by the parliamentary committee of inquiry into the Espírito Santo Group case.

Golden Visa numbers back on track

GoldenVisaThe Chinese have obtained the most Golden Visas, followed by Brazilians and Russians, according to the Association of Professionals and Real Estate Companies of Portugal.

In February, 103 Chinese citizens bough real estate in Portugal under the programme taking the total awarded to 1,777 Chinese spending €500,000 or more on property since 2012.

Pay and conditions boost to attract doctors to the Algarve

stethascopeThe Ministry of Health today announced an incentive scheme to attract doctors to the Algarve, starting with an extra €900 a month.

Despite local concerns, the Algarve is included in the incentive scheme which has been set up to help the poorer interior areas of the country.

Portugal outshines most EU states in using renewable energy

eonPortugal is up there with the big players in ensuring that the country has a high proportion of its energy from renewable sources.

While the EU average was 15%, Portugal saw to it that 25.7% of total energy used came from renewable.

Algarve ports in funding blow

cruiseshipThe administration of the ports of Sines and the Algarve plans to invest €21.5 million this year, most of which will be in Sines.

The ports chief, João Franco, today announced the investment in the three ports under his management and admitted that €18.8 million will be invested in the Alentejo ports, leaving the Algarve ports of Faro and Portimão with the balance.

Cap planned on bank fees for debit and credit card use

4775The European Parliament is planning to cap the fees which retailers are forced to pay in order to process debit and credit card transactions.

If successful, the move should mean cost reductions for consumers as the fees are very often passed on to customers.

Released lynx heads for Madrid

lynxAn adventurous Iberian lynx has made his way to the outskirts of Madrid.

More than 40 years have passed since the species has been spotted in the region, but one has been tracked to a town some 50km south of Madrid.

Albuquerque assures sceptical Eurogroup that all is well

albuquerque2Eurogroup members warned today that Portugal may not meet its 2015 deficit target, but Finance Minister, Maria Luís Albuquerque told the financial experts not to fret so.

Albuquerque reaffirmed that she believes no additional fiscal measures will be needed this year to ensure the budgeted deficit is achieved, despite the obvious doubts of the other Eurogroup members.