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Portugal's vanishing millionaires

yachtThe latest Credit Suisse wealth report shows that over the last 10 years the average wealth in Portugal has risen by 35%. On the down-side, the country appears to have 'lost' 25,000 wealthy nationals in just one year.

The conclusion that Portugal has fewer wealthy people, but generally people are better off, is contained in the ‘Global Wealth Report’ from Credit Suisse, which looks at trends across the world.

VW scandal - how is Portugal affected? Pires de Lima to head working group

vwA working group has been set up to report on the Volkswagen emissions scandal. Portugal's Minister for the Economy, António Pires de Lima, has until November 2nd to report the group's findings to government.

The group will look at the Volkswagen crisis as it affects Portugal in terms of the environment, tax, consumer rights and safeguarding the interests of the State.

Half of Portugal’s companies would use Uber for business travel

taxifaroA consumer trends study in Portugal shows that 11% of those companies surveyed already use Uber, the controversial app that has caused Portugal’s taxi drivers to protest en masse.

The study showed also that "49% of companies surveyed consider they would use Uber.”

Monchique council approves tax incentives for families

monchiquemayorAs part of a continuing strategy by Monchique council to encourage young families to move to the council area, and to ease financial burdens for those already there, new measures have been approved to make life financially easier.

The proposal by Monchique’s mayor, Rui André, (pictured), has been passed by the council and rates bills will be reduced depending on how many dependent children live at an address.

Portimão road chaos

portimaoFor those driver caught in the traffic tail-backs approaching the ‘new’ bridge over the Arade river just north of Portimão, things will get worse as both lanes over the bridge will be shut off tonight and traffic diverted through the city.

The bridge, forming part of the EN125 between Lagoa and Penina, will be closed from 21:00 until 1:00 due to resurfacing and work on the bridge’s towers.

Spanish boss named third best in the world

zarashopA chief executive of one of Spain’s leading companies has scaled the corporate leader ranking to reach third most successful in the world.

The 2015 edition of the global annual review is conducted by Harvard Business Review.

TAP deal still may fall through

tap2The president of TAP, Fernando Pinto, is confident in achieving the airline's privatisation, but as for giving us a date, "soon" is the best he can manage at the moment, blaming what he sees as the breakneck speed at which the deal is being done.

Six months to tie up the deal to sell TAP is quick for Pinto who has had ten years to get the airline into a saleable position so everything must now seem rather rushed.

Cursed relics sent back

pompeiiRelics from Pompeii carry a curse cursed say many who have stolen them.

The site has received around one hundred packages which are returning relics which have been pilfered. Frequently, accompanying letters say that the items have brought only bad luck.