24 June 2011
A survey by the European statistical agency Eurostat revealed that when compared to the European Union average, the buying power in Portugal was 81% or 20% less than the member states. The survey also revealed that the Gross Domestic Product (GDP) per capita, expressed in purchasing power standards (PPS), varied from 43% to 283% among […]
24 June 2011
Rating agency Moody’s downgraded Portuguese bank BANIF two notches Wednesday, from Baa3 to Ba2 junk rating. Moody’s explained that the downgrade was due to the reduction in Portugal’s sovereign rating and was in line with other Portuguese banks that had been downgraded in early April. More rating cuts may still come as outlook remains negative. […]
23 June 2011
According to Nuno Ribeiro, president of the Portuguese Association of Archeological Research (APIA), additional archeological findings currently under investigation may help to prove human presence in the Azores preceded the Portuguese occupation of the islands in the fifteenth century. In a statement to the press Monday, Ribeiro said that traces of Sunni inscriptions were discovered […]
Posted in Azores, Conferences, Corvo, Featured, Flores, Heritage, Santa Maria, São Miguel, Terceira
23 June 2011
Portuguese soccer coach André Villas-Boas, 33, signed a three-year contract with London based Chelsea after resigning Tuesday as head coach of FC Porto. Chelsea reportedly paid $21.5 USD million to FC Porto to activate the release clause in his contract and sign him as the youngest manager in the Premier League and the manager with […]
22 June 2011
Portugal has the highest rate of immigration assimilation among the European Union countries, with 5.8 percent of foreign residents being granted citizenship. On average, in 2009, 2.4 citizenships were granted per 100 resident foreigners in the EU. Portugal is followed by Sweden (5.3), Poland (4.8) and United Kingdom (4.8). The lowest rates of assimilation were […]
Posted in Brazil, Cape Verde, Featured, World
21 June 2011
Social Democrat (PSD) Assunção Esteves, 54, was elected, Tuesday, President of the Portuguese Parliament, the first time a woman was voted for the position in Portugal, second-in-line in the Portuguese political hierarchy. She replaces Socialist Party (PS) Jaime Gama. A graduate of the University of Lisbon Law School, she was elected with 186 votes out […]
Posted in Angola, Cape Verde, Featured, Mozambique, People, Politics, São Tomé and Prince
