Industrial output for the eurozone rose robustly in July by 0.6%, although growth in Portugal was just 0.1%.
Portuguese industry did rise for three months in a row (March to May), fell in June but rallied in July. Annually output in July was 1.2% higher than in July last year.
The US Lone Star Fund last week announced its need to attract €1 billion in investment from foreign companies willing to develop the 18 new new sites in the Vilamoura area, and former international footballer Luís Figo has offer to lend them a hand.
"We have a vision for the 'new Vilamoura', a plan and an ambition that we want to be at the forefront of tourism in Portugal," said Paul Taylor, the executive chairman of Lone Star’s ‘World Vilamoura.’
Portugal's Socialist leader António Costa has decided that far too many young people have left Portugal and that the government programme to lure them back with grants, is a trick.
Costa was addressing a rally in Ponte da Barca last night and covered the topic of the estimated 350,000 people who have left Portugal during the crisis to find work abroad.
Barcelona, a city of 1.6 million, saw more than 58,000 tourists arrive on cruise ships over the last weekend.
The arrival numbers created a new record for the most cruise passengers to visit. Barcelona was already known as the Mediterranean cruise capital and there is no indication the trend is abating.
Between January and August this year, 26,358 companies have been opened in Portugal, the equivalent of 108 per day according to the latest analysis.
This spanking rate is 10% up on last year but on the downside, insolvencies increased over the same period by 2.7%.
Portugal's current Prime Minister, Pedro Passos Coelho said yesterday that it is a "fruitless" quest to put pressure on the government over the BES missing deposits situation.
The Prime Minister said he is “not indifferent to the plight of people” but stressed that it is up to courts to resolve this issue.
Italy is “on the mend” and headed for acceleration, according to the country’s prime minister.
Matteo Renzi said that the eurozone’s third-largest economy was finally set to grow after years of stagnation.
The Portuguese authorities warn that already there is evidence that there is a renewed interest in Portugal as the drug gateway into Europe.
Due to the intensified presence of authorities on land, sea and air, the usual drug trafficking routes are being disrupted with importers targeting Portugal’s coastline to land drugs destined for northern Europe.
