The Portugal News - Home Page of Portugal's National Weekend Newspaper in English

Read this week's issue online exactly as it appears in print. Click on the image below.

4^th February 2012
Edition: 1150

Algarve Chef

Portugal

Algarve Golf

PSI-20: Stocks close almost 2% higher; US data helped
PSI-20, the Portuguese benchmark index, closed Friday’s session 1.8% higher at 5,490.65 points, in line with the main European bourses and US stocks, as better-than-expected data concerning the US labor market helped boost investors’ sentiment. However, markets are still monitoring the ongoing negotiations between the Greek government and private creditors.

Living costs soar
The beginning of February was marked by additional price hikes, such as electricity, tolls and ordinary products which will start reflecting the rises introduced over the past month.

End of Allgarve
Allgarve could be scrapped this year due to a lack of funding, says ERTA President.

EU summit results
Portugal's PM has welcomed the decisions of the EU summit on greater fiscal discipline.

Traffic halved on A22
Official figures revealed this week have confirmed the obvious, that the number of cars travelling on the now tolled A22 motorway, has been halved.

‘Jurassic Park’ for Portugal
The municipality of Lourinhã in central Portugal has announced it will be opening the world’s largest ‘Jurassic Park’ around Easter 2013.