Inflation in the eurozone is expected to reach an average of 2% in February, up from 1.8% the month before.
The flash forecast from Eurostat noted that this was as a result of higher energy and food prices. Energy costs jumped by 9.2% and food by 5.2% in February compared with the year before.
Bank of Portugal officials said Ricardo Salgado should go, nine months before the collapse of Banco Espírito Santo.
It now seems clear that the governor of the Bank of Portugal, Carlos Costa,(pictured) kept information from the committee of inquiry into the BES collapse.
The Secretary of State for Fiscal Affairs, Rocha Andrade, informed Parliament today that there had been a failure to transfer data between the Finance Portal and the central system that caused 14,000 offshore transfers amounting to €10 billion, to avoid inspection.
The software used has already been discontinued and another technology in place that ensured the 2015 values were accurate, he added, but the 2011 to 2014 offshore transfer details had not been reported, or inspected by the taxman.
At a meeting in Madrid on Tuesday, Portugal and Spain have decided to strengthen technical coordination in the modernisation of a series of rail links that are of "enormous importance."
"Our first decision was that we will hold working meetings between our technical teams," said the Portuguese minister for Planning and Infrastructures, Pedro Marques, at a press conference alongside the Spanish Minister of Development, Ínigo de la Serna.
The former CIA officer due to be extradited from Portugal to Italy for her alleged role in the 'extraordinary rendition' of a suspected terrorist has received a partial pardon from Italy’s President, Sergio Mattarella.
By reducing Sabrina de Sousa’s sentence from four years to three, she now will not have to serve time in jail and will be allowed to undertake some sort of community service.
The CIA operative was convicted by an Italian court for being involved in the 2003 abduction of a suspected terrorist living in Milan.
The launch of Solara4 took place this Wednesday in Alcoutim:
"This will be the largest solar park in Europe without a subsidised tariff and without placing a burden on consumers, in line with the new guidelines of the national energy policy," said the Secretary of State for Energy, Jorge Seguro Sanches.
The €200 million photovoltaic power station will provide up to 200 megawatts (MW), according to projections in the environmental impact study.
Ryanair is revving up the competition by laying on 20 new routes from Germany’s leading airport, Frankfurt.
Currently, the carrier uses Frankfurt-Hahn airport which is some 120 kilometres from the city of Frankfurt.
Sir Philip Green may at last have done the right thing by deciding to chip in a not insignificant £363 million to the BHS pension fund.
The retail magnate, vilified for having the audacity to own a yacht and for displaying his wealth in a most un-British way, Sir Philip Green took over the role of the ‘unacceptable face of capitalism’ (previous held by Tiny Rowlands) and has been tabloid and broadsheet fodder over his 2015 sale of BHS to the fantasist Dominic Chappell, under whose brief tenure the business was bled dry and closed down.
