Having learned zero restraint from the years of boom and bust, Portuguese drivers went credit crazy last year with €1.1 billion advanced by normally tight-fisted banks to customers wanting to buy new cars.
Car loans from January to November 2014 was the only credit segment in the country to show any real signs of growth, according to data released today by the Bank of Portugal.
A study into the snail-like pace of Portuguese justice shows that many family and juvenile courts are taking less than three hours to analyze and decide each outcome, including the time taken to hear the case.
The study by the Portuguese Association for Parental Equality and Law of Children is based on data from the Ministry of Justice and the Supreme Judicial Council and looked at the number of cases per judge and the average times for each decision.
Google is to cease production and sales of its Google Glass eyewear.
The product was launched in the US only in 2013 and just last summer in the UK but only to a limited consumer audience of software developers at a cost of £990.
Algarve trade associations have beefed up their opposition to the new IKEA development between Loulé and Faro, kicked into action by the sounds of the Swedish company already clearing the land.
The trading associations have highlighted irregularities in the planning process, risks to the environment and damage to the regional economy in a notice sent to anyone who wuill listen.
One of the Paris terrorists is known to have been in Spain for New Year, leading police to investigate possible links with a terrorist cell in Spain.
Spanish media claim that the security forces had established that Amedy Coulibaly was in Madrid from 30 December until 2 January.
Goldman Sachs loaned Banco Espirito Santo €584 million just before the bank went bust and was bailed out.
The loss of this money means that Goldman’s profits and some employee bonuses will be cut, according to Lloyd Blankfein, Chairman of the American finance house known as the 'great vampire squid.'
The EU has opened up the possibility of increased use of genetically modified (GM) crops in Europe.
Only one type of maize, MON 810, is currently allowed to be grown commercially in the EU although some countries ban it.
The air operator eventually chosen to run the new service between the far north of the country and the Algarve can receive up to €650,000 this year.
Next year the budgeted subsidy for the Bragança-Portimão service is €2.6 million and in 2018 the figure is €1.95 million, all excluding VAT.
