The regular D&B business start-up monitor has been published showing that for each company that has closed in the past year, 2.2 have opened for business.
Business insolvencies have fallen by 22% but the brisk start-up rate, with property companies leading the way, shows a positive picture for certain sectors.
The University of the Algarve is to take disciplinary action against two students over a prank last year that left one girl in hospital.
The case dates back to September 2015, when a 19-year-old first year student had to be rushed to Faro hospital suffering from a surfeit of alcohol, administered as she lay buried up to her head in the sand on Faro Beach.
Four people are confirmed dead and dozens injured after a passenger train heading for Porto derailed.
The train was en route from Vigo in Galicia to Porto. The incident occurred in the northwest town of O Porriño in Galicia around 9.30 Friday morning.
A violent fire that suddenly broke out yesterday evening in the hills to the north of Silves has been controlled and extinguished by an already overstretched fire service.
The blaze that seemed to come from nowhere tore down the slopes to the north of Silves towards the town, starting at around 21:00 on Thursday evening. There already are suggestions from the authorities that the cause may be arson.
At 5pm this afternoon (Thursday, 8th September) the number of firefighters battling the flames that started in Monchique last night and which now have spread into the Portimão district, reached 499 with full air and ground support in a massive operation.
By late afternoon the flames had reached the banks of the Arade river and were closing in on the Algarve International Autodrome where black-out conditions from the smoke made necessary the evacuation of the new hotel.
The 6th of September was the hottest day so far this year in Portugal, according to readings gathered by the Portuguese weather service.
Tuesday the 6th had an average air temperature of 29.2°Celsius, said the IPMA, with the average of maximum temperature (38.6°C - 101.5°F) and minimum (19.8°C) also being the 'highest low' this year to date.
Employing all the niceties of management speak, the Secretary of State for Treasury and Finance, Ricardo Mourinho Félix, said in parliament today that there will be no compulsory redundancies - staff numbers will shrink due to early retirement and mutual agreements.
Ricardo Mourinho Félix said that some salaries would be reduced even though pay levels were in line with other banks.
The Financial Times has railed against the socialist management and plans for Portugal’s economy and mentions the unspeakable words 'second bail-out.'.
In a stern article published today, the pink organ’s thrust is that António Costa’s administration suffers criticism from Portugal’s business leaders for concentrating on vote-grabbing initiatives rather than getting to grips with the country's serious economic problems.
