Portugal’s Tourist Board, through state company Empresa Nacional de Turismo (Enatur), currently controls the Pousadas de Portugal hotel business with the Pestana Group holding a minority shareholding of 49% through Grupo Pestana Pousadas.
The groundwork for a sale of the state’s 51% ownership of Pousadas de Portugal to Pestana Group is to be completed by the end of this year.
The president of the Eurogroup said today that Portugal will have to prove that its proposed measures in next year’s state budget "are effective."
The finance ministers of the eurozone met this morning to discuss the European Commission’s views and opinions to the 2015 budget proposals from member states and were not happy about Portugal's over-optimistic forecasts.
Portugal’s Travel agency bosses fear the aftermath of the privatisation of TAP, or more specifically they fear what will happen if the privatisation is botched.
Enter one Pedro Costa Ferreira, who as the president of the Portuguese Association of Travel Agencies said today on behalf of his members that all are "very concerned" about the privatisation of TAP and fear that "if it is poorly carried out, it may have irreparable consequences for Portuguese tourism."
There are 116 buildings on Faro island that the government considers illegal and which are due to be demolished as part of the Polis associations’ master plan to return the Ria Formosa islands to a more natural state.
The eviction notices have gone out and the inevitable fines detailed for those who delay their departure. No compensation is payable.
An exciting new development in pesticides has been created by a British firm using everyday products against lethal fungi and pests.
British firm Eden Research has created an alternative to chemical pesticides by combining natural items, such as tea tree oil and lemon juice, and crucially finding a way to ensure that the product stays active on the crops for longer than a few hours.
California’s Silicon Valley is home to Apple, Facebook, Google, Yahoo! and eBay. The tech industry there is booming.
The result is the most extreme wealth disparity in America.
Guardians of history in Córdoba, Spain have challenged the subtle change of name for Andalusia’s second most important tourist site.
The unique building had been billed as Córdoba’s Mosque-Cathedral, but in recent years the word mosque has gently slipped away on the monument’s website, leaflets and tickets.
Two years after a fire destroyed the Portimão Retail Park, the DIY store AKI is opening a store in Portimão at Cruz da Parteira, Cabeço do Mocho.
Management promise a new image for the store which will open on Wednesday, 10 December aiming to capitalise on the Christmas market.
