ASAE seize €140,000 in a warehouse full of counterfeit goods

counterfeitThe total value of goods, money and the inevitable ‘high powered car’ seized during operation "Mala Dourada" - Golden Bag - was around €400,000.

Portugal’s much feared ASAE (Autoridade de Segurança Alimentar e Económica) announced that this was a record amount of cash, €140,000, in the operation that took place in Vila do Conde, Oporto.

Beja aircrash was caused by passenger panic

BEJACRASHThe New Year’s Day crash of a private light aircraft at Beja airport was caused by the passenger panicking on take-off.

The 14-year-old girl was scared by the ‘noise, vibration and dust kicked up from the earth’ at the airstrip at the time of take-off.

Algarve holiday is best value for 2015

albufeirabeachFor the best value for money holidays, Brits have been advised to pick Prague, the Algarve or Spain’s Costa del Sol.

The Post Office Holiday Costs 2015 pointed to European spots for best holiday value. It noted also that Auckland, Muscat and Dubai were the most expensive locations.

New low emission zone gives Lisbon drivers a headache

exhaustThe tightening of the Low Emission Zones in Portugal’s capital last week has created an unmissable opportunity for the Municipal Police to fine motorists in older vehicles who had strayed into the city's new forbidden zone.

Such has been the zeal of the roadside officers that questions have been raised in the Lisbon council chamber as to their real operational objectives - fines or advice on the new scheme?

Russian spending in the UK falls while others rush in

bentleyRussians tourist spending in the UK fell by 28% last year because of the tumbling value of the rouble.

They had been in the top five of the biggest spenders among nations from outside the EU. Now they are no longer even in the top ten.

Portuguese head of HSBC - 'being gay is an advantage'

hsbcAntónio Simões is one the UK’s most high profile bankers as the chief executive of HSBC but commented in an interview with Paulo Anunciaça printed in today's Sunday Times that, "If it were not gay, I probably would not be CEO of the bank"

Far from hiding his sexuality in the rough and ready city environment, Simões said that being gay is an advantage for him and that if he wasn’t gay he probably wouldn’t be CEO of the bank.

Açores - US withdrawal may cause 10,000 locals to leave

lajesairbaseThe reduction of civilian personnel at the Lajes US airbase in the Açores could lead to the eventual emigration of 10,000 inhabitants of Terceira island.   

Studies released by the University of the Açores estimate emigration of between 5,000 and 10,000 people if the US military reduce its operations and associated local personnel to the level it plans and if there is no effort to create jobs in other industries on the remote island.

Portugal’s ongoing flirtation with deflation

eumapEurozone annual inflation stood at an average of -0.2% in December, down from 0.3% in November.

This was the lowest rate since September 2009.