Canned fish, once a mainstay if the Algarve’s economy, is experiencing a resurgence as the Minster in charge of all things marine today gave an upbeat statement about the ‘economy of the sea’
Assunçao Cristas said that marine businesses' contribution to the national economy increased from 2.7% to 3% of GDP last year and boosted jobs from 2.3% to 2.8% of total, especially in canning and fish processing.
The man recruited to prepare Novo Banco for sale this August, Eduardo Stock da Cunha said this morning that does not know how much the business is worth, and presented the bank's trading results, a whopping loss, by video conference from London.
Between August 4th and December 31st last year the bright new Novo Banco managed to make a loss of €467.9 million, hardly the sort of result to ensure bidders scramble over each other to buy up the bank in the forthcoming sale.
As Britain’s economic recovery gains strength, lending to small businesses has gone up considerably over the last year.
In just the last three months, 60% of loan applications were approved. A year ago, the figure was 45%.
Four men have been arrested on suspicion of running a scam that netted at least €2.1 million by stealing from many of Portugal's councils, hospitals and state services.
The Judicial Police today detained three Portuguese and one foreigner aged between 22 and 37.
British consumers are reaping the delights of lower petrol prices and higher wages by spending in shops, cinemas and restaurants.
Stronger sterling has encouraged more people to make holiday plans.
Beer drinkers in the UK are increasingly opting for beer with lower levels of alcohol.
According to the Department of Health, between 2011 and 2013 the number of units of alcohol sold went down by 1.9 billion.
Low wages and the deterioration of working conditions in the National Health Service are driving Portugal’s medical professionals to the private sector, both here and abroad.
Anesthetists, radiologists, general surgeons, orthopedic surgeons, gynecologists, ophthalmologists, clinical pathologists and pediatricians are the principal specialists sorely lacking in Portugal’s National Health Service.
Jerónimo de Sousa, the General Secretary of the Portuguese Communist Party, has accused Portugal’s President of not being up to the job.
Additonally, de Sousa has called for the resignation of the government over the failure by its leader, Pedro Passos Coelho, to come up with any plausible excuses for his past reluctance to pay his social security account.
