Stop work at Dona Ana beach, says Portugal's communist party

donaanaPortugal’s communist party has weighed into the Dona Ana beach controversy, demanding that the Lagos beach remains much as it is and that the current destruction should be halted right away.

In April, Portuguese Environment Agency contractors started to 'remodel' the famous beach, recognised as one of the finest in the world, to "ensure the safety of persons and property."

Monarch airline back from the dead

monarchMonarch airline has announced that it expects to be back into profit this year after skirting around the precipice of collapse just eight months ago.

The restructuring undertaken by the carrier has so far reduced losses by £40m but it also resulted in the axing of 700 jobs and pay reductions of 30% for pilots.

Portugal - household debt on the increase again

euromillions2Consumer association Deco today expressed "some concern" about an increase in consumer credit which has returned to the worrying levels of 2011.

The orgaisation’s concern is for overstretched households and the "many difficulties" that the country still faces.

Growth forecasts for the eurozone remain low

worldThe OECD has reduced its forecast for global growth for 2015 and 2016.

It now estimates expansion will be 3% this year, followed by 3.8% growth in 2016. Earlier it had predicted growth of 4% and 4.3% respectively.

TAP sale suspended due to government blunder

airplaneA basic error by the Secretary of State for Transport has led to the Supreme Administrative Court having to suspend the privatisation of TAP.

The Peço a Palavra movement which included the civic movement Não TAP os Olhos, today announced that the privatisation of TAP officially is suspended as their injunction was upheld by the highest court in the land.

Algarve drug arrests include major hashish importer

hashThe GNR have made four arrests for drug trafficking, one of the men is a businessman in the clothing game who has been a hashish importer for years.

The GNR arrested the men in Quarteira and found they successfully had nabbed the local Mr Big whom they had been tracking and who has been wholesaling hashish to other dealers in the Algarve and in Setúbal.

Portugal’s employment prospects increase

tractorplougingUnemployment in the eurozone dropped marginally to 11.1% in April from 11.2% in March and is down from 11.7% in April 2014.

The jobless problem has eased somewhat in Portugal dropping to 13% from the 14.6% recorded in April last year. Nevertheless, although the number has reduced, there are still 668,000 people in the country estimated to be without work.

Zara owner is now world’s second richest person

ZARALOGOEveryone shopping at Zara or any of its sister shops has contributed to making its owner the second richest person in the world.

Spanish retail magnate Amancio Ortega has knocked Warren Buffett out of second place on the Bloomberg ranking of the world´s richest people.