More than 2,200 French national bought house in Portugal last year and 20,000 will live in the country by the end of 2015.
This is the estimate from the Franco-Portuguese Chamber of Commerce & Industry which has organised the third Real Estate and Portuguese Tourism Exhibition in Paris.
The fight against money laundering and terrorist financing has led the Spanish government to create a huge database with over 34 million accounts, reports ‘El País.’
The file containing the financial activity of all who have accounts in Spain can be consulted by judges, tax inspectors, police and Spain’s secret services.
Economy Minister Pires de Lima is basking in the bright lights of Shanghai and already has reported, perhaps indiscreetly, that the Chinese are interested in buying into Portugal’s privatisation of publically owned transport businesses.
Pires de Lima arrived in Shanghai on a trip with “enormous potential" and in his wake are over 100 Portuguese business leaders keen to meet Chinese companies and do deals.
Twenty-five years after the country was reunified, researchers believe that: "The gulf between east and west is currently even wider than it was immediately after German reunification".
The research indicated that social cohesion had increased across the whole country, but was stronger in the regions of the former West Germany.
In the latest migrant tragedy, dozens are feared drowned in the Mediterranean today.
One boat, carrying 400 people, was about 100 nautical miles south of the Italian island of Lampedusa when it capsized. Vessels from both the Italian navy and coast guards rushed to the area along with helicopters.
On May 8th Barclays announced its withdrawal from Europe as new Chief Executive Anthony Jenkins made a decision to trim the operations and scale of the business.
Today’s announcement from the local banking union that Barclays has no intention entirely of leaving Portugal and that the bank is to keep three business areas in the domestic market, has further unsettled both staff and customers.
Sharp-eyed GNR officers from Tavira stumbled upon a massive hashish shipment of over 2,000 kilos.
Enough hash for 10 million joints was seized and seven men were arrested on Sunday evening near the sleepy Algarve resort of Santa Luzia.
Portugal's electricity supplier EDP has cut off the electricity to 285,000 households that failed to pay their bills, claiming that the number of disconnections for non-payment remained "stable" in the first nine months of last year compared to the same period in 2012, with only around 5% of EDP’s customers being disconnected.
"Electricity suppliers EDP, EDP Comercial and EDP Serviço Universal, have taken into account their customers’ circumstances “with the care the situation warrants and overall the situation has remained relatively stable," according to a company spokesman.
