Feed Editor 3 May 2010 18:24:06 GMT Datafile Portugal | latest news feed http://www.datafileportugal.com/Payforaccess.htm en Newswatch: June 16, 2010 Portugal's former prime minister Jose Manuel Barroso currently President of the EU Commission, has told EU trade unionists, 'democracy could collapse' in his home country and in Greece and Spain unless the euro debt crisis is tackled rapidly. He set out an ‘apocalyptic’ vision in which crisis-hit countries in southern Europe could fall victim to military coups or popular uprisings as interest rates soar and public services collapse because governments run out of money........(more).......Read Article>> 20 Jun 2010 15:38:34 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24431 Newswatch: June 16, 2010 Guilherme d'Oliveira Martins President of the Audit Court, Portugal’s public sector spending watchdog, says June 12 public sector managers and their political bosses must be held more accountable for budget overruns and management of public funds in state sector expenditure. Asked who was responsible for continual slippage in the tendered costs of public works in Portugal he said....(more).......Read Article>> 20 Jun 2010 18:24:06 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24435 Airlines: June 16, 2010 Tomaz Metello CEO EuroAtlantic Airways (EAA), (Pestana Group subsidiary), plans a €25 million investment at Beja airport says a June 15 report . "Initial investment over a 10,000 m2 site, would be some around €25 million which would create 120 new skilled jobs," a company statement said.....(more).......Read Article>> 20 Jun 2010 18:24:06 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24434 Trade: June 18, 2010 As Portugal struggles to sell its way out of the recession exporters have been given marching orders – be more aggressive and find new markets. However the country faces a low growth bottleneck among its traditional euro-area markets. Government is stepping up economic diplomacy to correct current external trade imbalances where Spain, France, Germany and Angola absorbed virtually 60% of domestic exports in 2009...(more).......Read Article>> 20 Jun 2010 18:24:06 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24430 Tourism: June 18, 2010 Luís Patrão Chairman of Portugal Tourism the national agency, says the World-Heritage-classified Douro Valley: "is not yet a fully functional tourism business." He said it lacks both private and public sector initiative. "Initiative, cannot be bought because it is not for sale, but it is a critical ingredient for both local authorities and private businessmen," he said urging entrepreneurs to “make strong, demanding and ever bigger challenges on public bodies to develop projects."....(more).......Read Article>> 20 Jun 2010 15:45:39 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24429 Banking: June 18, 2010 Spanish banks have a significant €91 billion exposure to Portuguese creditors of which two thirds is in the nonbanking private sector, according to data from the BIS - Bank for International Settlements. "Spanish banks had the highest level of exposure to traders and businesses resident in Portugal (USD110 billion), of which USD 70 billion was to the private non-banking sector”, the BIS quarterly report said........Read Article>> 20 Jun 2010 15:47:18 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24428 Indicators: June 16, 2010 Inflation rose 1.1% in May against the same previous year period and 0.2 percentage points compared with April 2010, NIS-National Statistics Institute said June 13. It said, excluding energy and unprocessed food, change on the CPI-Consumer Price Index was a negative 0.1%, up 0.4 percentage points over the previous month.....(more).......Read Article>> 20 Jun 2010 15:48:52 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24433 Indicators: June 16, 2010 The unemployment rate stood at 10.8% in April, the 4th highest and fastest-growing in the OECD Organization for Economic Cooperation and Development area, according to figures released June 13. All OECD countries showed a slight increase over 2009 and Q1 2010. Government estimates Portugal’s year end unemployment rate will be 9.8% but this is based on a sharp H2 labour market recovery.........(more).......Read Article>> 20 Jun 2010 18:24:06 GMT http://datafileportugal.com/cgi-bin/article.pl?id=24432