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Former PT directors and Deloitte sued over €897 million Rioforte loan

ptPharol, formerly Portuguese Telecom, today lodged a lawsuit against its own former auditors Deloitte which was involved in the disastrous PT investments in Rioforte, a property company within the Espírito Santo Group.

Pharol does not stop there though, as it also is suing former PT directors Henrique Granadeiro and Luís Pacheco de Melo for agreeing to lend Rioforte €897 million of PT’s cash, money that was never returned as Rioforte went under in the Grupo Espírito Santo meltdown.

"Hard to understand" Local Lettings rules to be changed by new Secretary of State for Tourism

alAna Mendes Godinho, the new Secretary of State for Tourism, is to change the Alojamento Local rules as she realises that many are "hard to understand."

At a speech made at a meeting with the Association of Portugal Hospitality (AHP), Godinho said also that she is almost ready with a financial support package to address the specific needs of tourism businesses.

Citius court case data is "unreliable" says new minister

justiceministerPortugal's new Justice Minister, Francisca Van Dunem, has reported to parliament that there remain serious reliability problems with data output from the computerised court system.

Referring to the unreliability of statistical information available from Citius, Van Dunem pledged to continue those reforms already under way and is looking at revisiting the ‘judicial map’ masterplan introduced by her predecessor Paula Teixeira da Cruz.

Food got cheaper in 2015

gmcropsWorld food prices dropped 19% in 2015, marking the fourth consecutive annual decline.

Meat, dairy, oils, sugars and cereals were all hit by weak demand across the globe as well as by an appreciating US dollar value.

Socialist Party pledge to lower Algarve tolls conveniently has been forgotten

guadianaTwo Socials Democratic Party MEPs from the Algarve have pointed out one serious omission of the ruling Socialist Party; it pledged to reduce tolls on the Algarve’s motorway, but has allowed the opposite to happen.

Far from the expected ‘immediate reduction’ of between 30% and 50% promised by the Socialists, the toll rate has actually gone up for one section of the Algarve’s A22, to the exasperation of locals and anger of anti-tolls campaigners.

Prominent Catholic cleric reveals his understanding of marriage

upsetwomanDisobedient husbands are to blame for domestic violence.

Did the Archbishop of Toledo really say this in his sermon to churchgoers in the cathedral? No, of course not.

Faro airport welcomed 6.4 million passengers last year

airplane2Portuguese airports recorded the largest growth ever in 2015, with an increase of 11% over the previous year.

The number of passengers rose to 38.9 million, according to data released today by the French owned ANA - Aeroportos de Portugal.

Golfing legend Christy O’Connor Jnr dies at 67

oconnorjnrIrish golfing legend Christy O’Connor Jnr has died in Spain at the age of 67. O’Connor was on holiday with his wife in Tenerife and is believed to have died in his sleep.

In addition to his 17 professional wins and two Ryder Cup appearances, O’Connor was at the forefront of the PGA European Tour for over twenty years.