Faro council continues to ignore shoddy work and fouled water supply

fagarroadmainpicFollowing  the news item on Portugal’s water quality (September 30, 2015) a reader living between Bordeira and Santa Barbara de Nexe in the Faro council area commented in no uncertain terms on the work of Faro’s in-house company Fagar and its contract to install a mains water supply to the households in the area.

There are two areas of concern within the council’s obligations towards health and safety, and a further concern that corporate fraud may have caused the situation that has been going on for years.

Winter flights to Faro encouraged by fee reductions for airlines

airplane2Faro Airport already has catered for a 3% upturn in passengers this year, is set to handle a predicted winter increase of 11% in the last quarter of the year.

French owned airports operator ANA claims "renewed commitment" from airlines to mitigate seasonality in the Algarve.

Minister claims that Portugal now has a better justice system

dacruzJustice Minister Paula Teixeira da Cruz said today that provisional figures point to an “across-the-board 6% reduction of backlogs in Portugal’s courts, over 2014."

Teixeira da Cruz, said that Portugal had undergone an exhaustive list of structural reforms initiated by the Government, especially those covering the reorganisation of the courts.

Clarkson's new show being filmed at the International Autodrome, Portimão

clarksonDisgraced TV Top Gear presenter Jeremy Clarkson has published a picture that confirms that the mystery location for the filming of his new venture is the International Autodrome, Portimão.

A picture published social media shows Clarkson posing alongside Richard Hammond and James May with their team, two trucks and three high performance sports cars.

Eurozone sees house prices go up

granadaHouse prices went up by 1.1% in the eurozone and by 2.3% in the EU in the months of April to June this year compared to the same period last year.

Compared to the first quarter of 2015, the eurozone prices increased by 1.2% and the wider EU by 1.3%, according to data provided by Eurostat.

Leading German bank set to lose €6 billion

deutschebankDeutsche Bank’s shock announcement that it forecasts a loss of €6.2 billion has sent shivers in the financial world, no less among shareholders who might not receive a dividend this year.

The bank warned of the net loss, saying it would record a charge of €5.8bn in impairments, "largely driven by the impact of expected highly regulatory capital requirements... as well as current expectations regarding the disposal of Postbank".

Santander tried to hide €1 million fine

santander2Santander Bank has lost its request to hush up its €1 million fine.

The eurozone’s biggest bank was handed the fine last June for breaching a “law for the prevention of money laundering and financing of terrorism”.

Disastrous €897 million Rioforte loan, PT directors named in court

henriquegranadeiro"There was a complete and incomprehensible lack of professionalism", according to the lawyers acting for Pharol, previously named Portugal Telecom.

The Lisbon Commercial Court was treated to a range of accusations made against against the former directors of Portugal Telecom SGPS, Henrique Granadeiro (pictured) and Morais Pires who was the Banco Espírito Santo board nominee, and Luís Pacheco de Melo the former PT finance director.