A radical new law has been approved by Barcelona’s city government to clamp down on massive tourism.
The regulations will cap the number of beds available in hotels and private rentals for short-term visitors through the creation of a special urban plan as one step to regulate tourist numbers.
Portuguese Finance Minister Mario Centeno said debt is declining and funding for this year is “under control” as European officials urged reforms following an increase in the country’s borrowing costs.
“We have a cash buffer that is large enough to face the year in a comfortable position,” Centeno said in a Bloomberg Television interview on Thursday in Brussels. The minister said he doesn’t expect Portugal will have to rely on that cash buffer instead of market financing. “We have a year that is pretty much under control in terms of funding.”
A Roman trading ship carrying Portuguese amphorae has been found in a remarkable state of preservation in deep water off the Balearic Islands.
The ship sunk around 1,800 years ago on a round trip from Rome to north Africa and was probably heading back home along the Spanish coast when it sunk near the safe haven of of Cabrera Island in the Balearics.
Not the Tesla giga-factory but the car brand which, after a promise by founder Elon Musk, is now available for delivery to Portugal.
Online orders will be taken at the US factory for direct delivery, or to a Tesla agency opening in six months time.
While the fumbling Governor of the Bank of Portugal dithers over the Novo Banco sale, which may well expose him as the most expensive leader of Portugal’s central bank in its history, four new contenders have arrived on the scene to distrub his sleep.
These latest chancers are not interested in Novo Banco per se, but in buying up all the bad debts and non-performing loans held by Portugal’s high street banks – around €15 billion’s worth.
A study by Carspring reveals the sharp difference in the value of used automobiles around the world.
• The UK is the 2nd most affordable country to buy used cars worldwide
• Singapore is the most expensive country to buy every model
• Car depreciation varies significantly depending on the market
Portuguese government debt is the second highest in the euro area, according to fresh figures from Eurostat
The ratio of debt to GDP was 133.4% by the end of the third quarter in September 2016. This amounted to €244,397,000.
The influential magazine, Today's Golfer, has awarded the Best European Golf Destination to the Algarve.
This golfing ‘Oscar’ results from readers’ votes with 48% choosing the Algarve region’s golf courses.
