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Ria Formosa island properties disproportionately targeted for demolition

DemolitionCulatraApril2017Of a list of 1,120 buildings along Portugal’s coastline which have received demolition orders in the last decade, less than half have been removed.

In the last ten years 489 coastal properties have been demolished, most of them on the Algarver’s Ria Formosa isands.

 
Caixa Geral relents over zero interest deposits

caixageral2Consumer champion, DECO, has seen pressure put on Caixa Geral produce results. The taxpayer owned bank has decided to resume paying interest on low value deposits.

"Caixa Geral de Depósitos has retreated in its decision to stop paying interest on savings deposits," stated António Ribeiro, financial analyst at DECO.

 
October general election - Socialists increase lead in the polls

antoniocostaPortugal’s ruling Socialist party has extended its lead, according to an opinion poll released three months before the general election.

This places António Costa's party on track to winning the majority he so keenly wants.

 
Government orders multi-mission Airlift KC-390 for Portuguese Air Force

portugalThe Portuguese Government announced, on July 12, a firm order of five multi-mission airlifters Embraer KC-390 as part of the process to modernise Portuguese Air Force capacities to support national Armed Forces operations and increase readiness in missions of public interest.

Deliveries are scheduled to start in 2023.

 

 

Algarve Daily News