Cavaco Silva has sent to the Constitutional Court the proposed government statute that aims to reduce pensions of over €600 a month.
The initial proposal from the Government aimed at savings of €728 million as laid out in the State Budget for 2014.
A 42% drop in the sale of property abroad to British buyers has been the result of the crisis years.
When the banking crisis struck in 2008, sales immediately began to taper off.
Newly released figures show the number of new holiday homes in Portugal bought by Brits fell by 31% compared to five years ago.
Spain is luring in new residents under its ‘Golden Visa’ scheme.
Investors looking for property are coming from the Middle East, parts of Asia and Russia.
The scheme, introduced on 1 October this year, allows non-EU nationals to gain an automatic resident permit on condition that they invest €500,000.
Almost three-quarters of British expats say they have a better overall quality of life in their new country than in the UK.
Richard Musty, international director at Lloyds Bank, said: "While the majority of people are happy with the UK as a place to live, our latest British Wealth research reveals nearly three-quarters (74%) of British expats report that they enjoy a better overall quality of life in their current country of residence.
Two Russian travel operators will fly in 30,000 tourists to the Algarve next year.
In its trade mission to Russia the government has secured a deal to bring significant numbers of Russian tourists to the Algarve.
The Economy Minister, António Pires de Lima, said that two of the largest travel operators in Russia will bring the tourists next year.
Steve Forbes, the chairman of Forbes Media group and editor in chief of Forbes - the American business magazine - was speaking in Vilamoura at a tourism summit this Friday.
Forbes said there are many opportunities in tourism, especially "in medical tourism. With good prices and quality, the tourists will want to come."
The businessman said that the Internet is a fundamental tool for the sector to streamline their product. Increase presence on the Internet and take advantage of online communication - "promote yourself on the Internet, become viral."
Protesters from various branches of the police force, border control guards, prison guards, ASAE workers, Maritime Police officers, and Judicial and Municipal police officers burst through a security cordon and stormed up the steps of Parliament in an evening of undeniable tension in Lisbon.
When the protestors broke through, those on duty guarding the parliament building against such incursions, stood aside.
Members of the feared riot police were called in but allowed this serious security breach to happen as many of the protestors were colleagues.
Once again Aldi has captured the number one position, this time for its mince pies.
The consumer group Which? ranked Aldi’s mince pies as the best on the high street, outstripping Harrods and Fortnum & Mason.
