Outlook:
BoP-Bank of Portugal says July 17 Portuguese economic growth in 2008 will be less than 1.2% and only slightly better in 2009 at 1.3%. Purchasing power will be eroded by inflation and higher interest rates, savings will decline and banks will tighten credit...more...Read Article>>
Banking:
Stock market regulator the CMVM, has imposed a €3 million fine on BCP as a result of the “questionable manner" in which small shareholders and deposit holders in the bank were persuaded to acquire equity during capital calls by the bank in 2000 and 2001..... .(more) Read Article>>
Pharmaceuticals:
The Maria M. Mota Group at Unidade de Malária, Instituto de Medicina Molecular, Faculdade de Medicina da Universidade de Lisboa, a molecular medicine institute along with researchers at Portugal's Alfama biotech firm have discovered a soya-based substance that inhibits propagation of the malaria parasite.....(more) Read Article>>
Tourism:
Associação dos Hotéis de Portugal (AHP) the Portuguese hotel association is concerned at the direction taken by the Alentejo regional plan, or PROT –Plano Regional de Ordenamento do Território.........(more) Read Article>>
Telecommunications:
Airplus TV (Sweden) claims that the jury evaluation of its proposal in the recent national DTTV-Digital Terrestrial Television tender was "superficial, subjective and arbitrary". Airplus insists it submitted the best proposal and wants the conflict over the contract resolved by a jury re-evaluation of the Airplus/PT-Portugal Telecom bids... (more)........... Read Article>>
Automobiles:
Government has published a bill to introduce electronic number plating for all vehicles. This comprises a microchip storing data about a vehicle’s motor insurance and annual MOT status. It will be compulsory and cost the owner €10...............(more) Read Article>>
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