Algarve Hoteliers praise action on illegal lettings

villa3The Algarve’s hoteliers’ association had praised the enforcement action taken by the Tax Authority against the unlicensed rental of holiday accommodation.

The Associação dos Hotéis e Empreendimentos Turísticos do Algarve (AHETA) issued a statement today highlighting enforcement actions across the country, with special emphasis on the Algarve.

Socialist 'big beast' visits Portimão

antoniocostaOne of the candidates vying for the top job at the Socialist Party, António Costa, visited the Algarve today and addressed a meeting in Portimão.

The key note was that whatever the decision of the Constitutional Court about new cuts that the Government wants to apply, its current economic policy is "exhausted."

Left Bloc calls for BES leaks enquiry, Albuquerque denies taxpayers are at risk

besLeft Bloc politician João Semedo said on Wednesday that Prime Minister Pedro Passos Coelho immediately must set up an inquiry into the leak of information leading up to the BES collapse and subsequent 'solution,' so that there is a "complete understanding" as to how hedge funds made millions and well placed companies could bail out before the individual investor had been alerted.

"We do not understand why the Government says nothing, does nothing, clarifies nothing. We consider it an urgent matter that the Prime Minister sets up an inquiry run by a judge appointed by the Supreme Judicial Council with a report to be submitted to the Council of Ministers, so there is a complete clarification," said a hopeful Semedo at a press conference at party headquarters.

Record number of illegal migrants for Spain and Italy

refugeesSpain and Italy are both struggling to cope with the record numbers of African migrants arriving on their shores.

Migrants have been using inflatable dinghies to cross the Strait of Gibraltar in record numbers in the last few days, leading Spain to accuse Morocco of failing to control its borders.

Eurozone industrial output falters

factoryIndustrial production in the eurozone took a sudden fall in June with factory output dropping by 0.3% across the region.

If follows a sharp contraction in May.

German inflation rate spells trouble

imfThe inflation rate in Germany is giving cause for concern after falling steadily, reaching 0.8% in July.

There is growing speculation that the eurozone recovery is evaporating in the light of weak price growth figures from across the region.

Faro docks 'do not need redevelopment'

exports"Redevelopment works are not necessary for expansion" at Faro docks, according to José Pedro Soares, from the Sines and Algarve Docks Administration (Administração dos Portos de Sines e do Algarve.)

Despite promises of investment from the Economy Minister Pires de Lima, Faro docks expect to reach a trading record this year with 400,000 tonnes of goods shipped out.

Lagoa's Fatacil show relaunched with lower ticket prices

querencaLago's annual FATACIL show is starting at the end of this week, running until the 24th of August and the organisers have promised a new style show with, more importantly, cheap tickets.

The annual Feira de Artesanato, Turismo, Agricultura, Comércio e Indústria de Lagoa (FATACIL) has been losing money for years mainly as it is run by the council which has lacked expertise in competing in this market.