Monarch airline has announced that it expects to be back into profit this year after skirting around the precipice of collapse just eight months ago.
The restructuring undertaken by the carrier has so far reduced losses by £40m but it also resulted in the axing of 700 jobs and pay reductions of 30% for pilots.
Consumer association Deco today expressed "some concern" about an increase in consumer credit which has returned to the worrying levels of 2011.
The orgaisation’s concern is for overstretched households and the "many difficulties" that the country still faces.
The OECD has reduced its forecast for global growth for 2015 and 2016.
It now estimates expansion will be 3% this year, followed by 3.8% growth in 2016. Earlier it had predicted growth of 4% and 4.3% respectively.
A basic error by the Secretary of State for Transport has led to the Supreme Administrative Court having to suspend the privatisation of TAP.
The Peço a Palavra movement which included the civic movement Não TAP os Olhos, today announced that the privatisation of TAP officially is suspended as their injunction was upheld by the highest court in the land.
The GNR have made four arrests for drug trafficking, one of the men is a businessman in the clothing game who has been a hashish importer for years.
The GNR arrested the men in Quarteira and found they successfully had nabbed the local Mr Big whom they had been tracking and who has been wholesaling hashish to other dealers in the Algarve and in Setúbal.
Unemployment in the eurozone dropped marginally to 11.1% in April from 11.2% in March and is down from 11.7% in April 2014.
The jobless problem has eased somewhat in Portugal dropping to 13% from the 14.6% recorded in April last year. Nevertheless, although the number has reduced, there are still 668,000 people in the country estimated to be without work.
Everyone shopping at Zara or any of its sister shops has contributed to making its owner the second richest person in the world.
Spanish retail magnate Amancio Ortega has knocked Warren Buffett out of second place on the Bloomberg ranking of the world´s richest people.
Irate lawyers in Portugal are on the point of suing the state for unpaid legal aid biils.
Justice Minister Paula Teixeira da Cruz admits that there are payment arrears of €15.2 million but, true to form, blames the Secretary for the Budget, Hélder Reis.
