House prices in Spain rose in the second quarter of 2014, the first quarterly rise since 2008 - six years ago.
Spain’s official index of house prices registered a positive growth of 0.8% in annual terms and was up 1.7% on the first quarter of 2014.
Portugal’s taxpayers have had to fund a €3 million fine due to the government's deliberate failure to open up the telecoms market to competition, leaving Portugal Telecom in a monopoly position.
The fine relates to 2003, according to the Secretary of State for Infrastructure, Transport and Communications.
Portugal’s banks that part financed the rescue of BES through their enforced contributions to the Resolution Fund want to be involved in any decisions relating to the sale of ‘good bank’ Novo Banco.
Monitoring can be achieved through the creation of a committee that will allow Portuguese banks that fare exposed to risk due to the bailout of BES to have the inside track on any decisions over Novo Banco’s sale which already is being set up by the Bank of Portugal (pictured).
Politician turned TV pundit, Marques Mendes, claims that the Bank of Portugal will sell Novo Banco within four to six months, and that already there are several foreign banks interested.
The former minister and former PSD leader Luís Marques Mendes made the comments on his Jornal da Noite on SIC, saying that the intention of the Bank of Portugal is not to sell off parts of Novo Banco, or to sell it to various investors, but to sell it all off to one buyer.
The gold reserve held by Portugal's central bank has risen in value since last year.
The nearly 383 tonnes of gold has appreciated 11.7% in a year and now is worth over €1.4 billion more than at this time in 2013.
A recreational boat hit rocks and sank early on Saturday morning near Baleeira, Sagres - the sole occupant had to be rescued by lifeboat.
The boat had just left the port and was bound for Sesimbra, but instead of turning right, steered in the opposite direction. It was not long before the boat hit the rocks near Martinhal according to a baffled Carvalho Pinto, the noble commander of the port of Lagos.
The Algarve was listed as 2014’s second best value destination out of the top 44 most popular countries in the world.
Top spot was Bali, according to the new Worldwide Holiday Costs Barometer compiled by Post Office Travel Money.
The UK´s response to the migrant crisis in Calais is to send security fences and barriers to deter desperate people in their attempts to make it to Britain.
Rising numbers of migrants massing Calais over the summer have brought problems for the police and city administration and much worry to the residents of the French port.
