Germán Efromovich is to lodge a formal complaint in Brussels 'within days' as European rule n.º2407, from 1992 stipulates that only European citizens may own European airlines, including TAP.
The Gateway consortium owned by David Neeleman and Humberto Pedrosa now seems to have overstepped the mark and broken this simple rule.
A hitherto hidden benefit of the Chinese owning 21% of Portugal’s electricity supplier EDP is the current testing with a view to purchase of new ‘smart meters’ from Chinese manufacturer Kaifa.
EDP needs to invest in new meters, the new batch is being tested in Lisbon for three months, but why this has taken 18 months since the current EDP meters were proved to be faulty is not explained.
Searches were carried out at the council offices in Loulé yesterday as part of Operation Marquês.
Offices at the Vale do Lobo resort in Almancil were raided in mid-May as prosecutors continue to unravel the source of millions of euros in illicit payments made to the former Prime Minister José Sócrates.
AliSuper's owner has given away three shops to Pingo Doce as it winds down the business in the face of rising costs and old debt repayments.
Pingo Doce has taken over the leases for the stores in Caliços (Albufeira), Quinta do Lago and Vale do Lobo for the cost of the 'goodwill.'
The eurozone economy was said to be in robust recovery mode last month.
The economic momentum continued during June and apparently was not dented by the chaos of one of its members, Greece.
Portugal needs an "efficiency shock" in its landfill figures and water supply losses, according to the Minister of the Environment Jorge Moreia da Silva, speaking today at the Smart Waste Portugal conference.
According to the minister, the country has made excellent progress in water infrastructure, waste water treatment, bathing water quality, the number of blue flags on Portugal’s beaches, reducing landfill, promoting recycling and producing renewable energy – but it is all relative.
Consumers in Portugal returned to the shops during April and May this year, pushing up retail sales by 0.7% and 0.2% respectively.
While earlier months of 2015 saw sales falling, the good news for retailers is that every month so far of this year has been considerably better than the same month in 2014.
The figure is an improvement but the taxman still is owed €5.5 billion in VAT from last year which, plus uncollected income tax and corporation taxes, adds up to €13.5 billion.
The tax take rose in 2014 to record levels, in part due to increased VAT collections, but the year-end national accounts show a gaping hole in the country’s financial position despite the Tax Authority's increasing use of coercive collection methods which yielded €1.147 million last year.
