Eurozone growth forecasts have been further slashed to 1.1% for 2015.

The previous forecast, made six months ago, was 1.7% growth.

When Romania was still locked behind the Iron Curtain, few people outside the country had heard of the Dacia car.

Today it is the fastest growing brand in Europe. Sales rose 35% in the first six months of this year, according to the European Automobile Manufacturers Association.

The anti-corruption campaign driven by China’s leaders have led to poor takings in the casinos of Macau.

October brought their worst monthly revenue performance on record and was the fifth month in a row of declining revenue.

Dwarfed by larger councils with comparatively huge incomes and even larger debts, Alcoutim council goes about its work with precision and diligence.

The border town’s budget for 2015 has been approved and will soon go for a vote from the full chamber but no surprises are expected.

Faro council at last has expressed its opposition to the contract for the ‘rehabilitation’ works on the islands in the Ria Formosa which encompasses the demolition of fishermen’s houses, considering the Pilos plan "detrimental to the best interests of Faro."

The motion presented by the Mayor of Faro, Rogério Bacalhau to the councilors at a full assembly meeting was approved unanimously and marks a solid step forward in another Algarve struggle of the poor against the state.

Portugal’s 'golden visa' programme has just had its best month ever as the October figures are released by the Confederation of Construction and Real Estate.

The influx of more than €126 million was registered in the month from non-EU residents investing in businesses or in property purchased for €500,000 or more.

The former European Commission President José Manuel Barroso said today that this recognition of Portugal, through the award given to him by the President of the Republic Cavaco Silva, means that "the decision was correct" when he left the Government in 2004.

Cavaco Silva said in a short by glowing tribute that "Portugal has benefitted greatly by the fact that we have had as the head of the European Union a Portuguese person who knows Portuguese reality, understands the world, and has the prestige of Barroso," before handing Barroso the ‘Grande Colar da Ordem do Infante D. Henrique’ to a ripple of polite applause.

The evaluation of the environmental impact of the first five-star hotel in the Castro Marim council area starts its public consultation period today, as announced by the Commission for Coordination and Regional Development of the Algarve.

The Panoramic Natura Hotel plan has 226 beds in an area of ​​25.7 hectares in Monte Francisco, near the Guadiana River and the Nature Marshland Reserve of Castro Marim and Vila Real de Santo António, according to the developer José Eduardo Marques Celorico Drago who has commissioned the environmental impact study which thyerefore is unlikely to dwell on any downside.