Australians invest in Portugal's energy sector

eonDays after Portugal’s National Authority for Fuel announced that it was offering new exploration blocs onshore and at sea off Oporto and the Algarve coastlines to the highest bidder, an Australian company has already signed up.

The Australis Oil & Gas got the go-ahead from the government to explore for oil and natural gas in the Batalha and Pombal fields in the Lusitanian Basin.

Migrants who flout expulsion can be imprisoned

immigrationCountries in the EU are to be allowed to imprison any migrant found to have re-entered the country after having been expelled.

The judgement comes from the European Court of Justice. It had been considering the case of an Albanian national who was deported from Italy in 2012 but breached a three-year entry ban by returning to Italy.

Airbnb to tax rentals in Paris

eiffeltowerThe holiday rental site Airbnb will impose a tourist tax on rented property in Paris.

Paris is the leading city for Airbnb rentals.

Ronaldo makes more history

ronaldoPortugal’s own Cristiano Ronaldo has made history by becoming Real Madrid’s joint top scorer of all time.

On Wednesday he scored two goals in the 2-0 Champions League win over Malmo.

British consumers gain greater protection

dysonNew and stronger consumer rights in the UK will come into force on 1 October.

The Consumer Rights Act will enable shoppers to demand refunds if the goods they buy are faulty.

Finance Minister gave orders to fiddle the accounts

alberquerqueMaria Luís Albuquerque asked Parvalorem, the public company that manages the toxic assets of the bust Banco Português de Negócios (BNP), to conceal a loss of €150 million so as not to increase the 2012 deficit.

Parvalorem was told to hide part of the massive losses on non-performing loans at the request of Maria Luís Albuquerque, when she was Secretary of State at the Treasury.

'Brain drain' - Portugal has given away €11 billion of young talent

airplane2A concerned note pervades a report from Reuters today which looks at Portugal’s ‘brain drain’ that has resulted from the exodus of hundreds of thousands of its most able and mobile workers.

With just days to go before the country goes to the polls, emigration has become a campaign issue in the neck-and-neck race for power over a dwindling number of taxpayers.

Euromillions winner bought ticket in Olhão

euromillionsThe first prize in the latest Euromillions lottery draw was €15 million and the lucky winner bought the golden ticket in a humble street kiosk in Olhão .

There were five second prizes of €198,000 all of which were bought outside the country but of the third prizes of €36,000, two were from Portuguese terminals.