The Ministry of Health today announced an incentive scheme to attract doctors to the Algarve, starting with an extra €900 a month.
Despite local concerns, the Algarve is included in the incentive scheme which has been set up to help the poorer interior areas of the country.
Portugal is up there with the big players in ensuring that the country has a high proportion of its energy from renewable sources.
While the EU average was 15%, Portugal saw to it that 25.7% of total energy used came from renewable.
The administration of the ports of Sines and the Algarve plans to invest €21.5 million this year, most of which will be in Sines.
The ports chief, João Franco, today announced the investment in the three ports under his management and admitted that €18.8 million will be invested in the Alentejo ports, leaving the Algarve ports of Faro and Portimão with the balance.
The European Parliament is planning to cap the fees which retailers are forced to pay in order to process debit and credit card transactions.
If successful, the move should mean cost reductions for consumers as the fees are very often passed on to customers.
An adventurous Iberian lynx has made his way to the outskirts of Madrid.
More than 40 years have passed since the species has been spotted in the region, but one has been tracked to a town some 50km south of Madrid.
Eurogroup members warned today that Portugal may not meet its 2015 deficit target, but Finance Minister, Maria Luís Albuquerque told the financial experts not to fret so.
Albuquerque reaffirmed that she believes no additional fiscal measures will be needed this year to ensure the budgeted deficit is achieved, despite the obvious doubts of the other Eurogroup members.
Canned fish, once a mainstay if the Algarve’s economy, is experiencing a resurgence as the Minster in charge of all things marine today gave an upbeat statement about the ‘economy of the sea’
Assunçao Cristas said that marine businesses' contribution to the national economy increased from 2.7% to 3% of GDP last year and boosted jobs from 2.3% to 2.8% of total, especially in canning and fish processing.
The man recruited to prepare Novo Banco for sale this August, Eduardo Stock da Cunha said this morning that does not know how much the business is worth, and presented the bank's trading results, a whopping loss, by video conference from London.
Between August 4th and December 31st last year the bright new Novo Banco managed to make a loss of €467.9 million, hardly the sort of result to ensure bidders scramble over each other to buy up the bank in the forthcoming sale.
