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BES: €15 million funding of Portugal’s major political parties now under scrutiny

As Portugal’s news media carries daily ‘exclusives’ on the ongoing meltdown at the Espírito Santo banking empire, it is now very clear why politicians of all persuasions are keeping surprisingly quiet.

Banco Espírito Santo (BES) funded

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New BES boss to reveal results on Wednesday

Vítor Bento, the beleaguered bank’s new boss, is due to present BES accounts for the first half of this year on Wednesday (July 30). Analysts are said to be hedging their bets on how bad the situation really is. According to certain newspapers,

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EC to invest a billion euros in science in Portugal

Education and Science minister Nuno Crato has announced EC funding of science in Portugal to the tune of a billion euros until 2020.

Crato explains that the government wants to guarantee scientific funding, and so increase investment in

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News from Portugal

“Power still swings Justice in Portugal”

Powerful people are still able to manipulate the justice system in Portugal. This is the view of securities regulator Carlos Tavares who gave evidence to the parliamentary commission investigating the ongoing scandal...

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Most popular news in the last 7 days

Amaral hits back at McCanns’ claims
Algarve

Gonçalo Amaral insists that the lawfulness of his book Maddie: A Verdade da Mentira is “indisputable” and has reiterated that he may file a counter

Portugal’s disgraced BES bank chief and Deputy PM Paulo Portas travel to Angola in separate bids for financial support
Portugal’s disgraced BES bank chief and Deputy PM Paulo Portas travel to Angola in separate bids for financial support
Portugal

Angola is the chosen destination this week of Deputy PM Paulo Portas, days after the disgraced former BES banking boss Ricardo Salgado allegedly tr

TAP airline in crisis as Portuguese entrepreneur announces multi-million euro purchase bid
TAP airline in crisis as Portuguese entrepreneur announces multi-million euro purchase bid
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The crisis within TAP Portugal went into overdrive this weekend after pilots voted for a one-day strike on August 9.

Former BES boss on €3 million bail as Espírito Santo group “implodes”
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It has been hailed as the end of one of the “most influential centres of power” in Portugal’s political, social and financial world.

Latest in Portugal Resident

BES: €15 million funding of Portugal’s major political parties now under scrutiny
BES: €15 million funding of Portugal’s major political parties now under scrutiny
Top Stories

As Portugal’s news media carries daily ‘exclusives’ on the ongoing meltdown at the Espírito...

“Power still swings Justice in Portugal”
Portugal

Powerful people are still able to manipulate the justice system in Portugal. This is the view of...

Road to Euro 2016: Portugal plays Armenia at Estádio do Algarve
Sport

Local football fans will have a unique chance to see Cristiano Ronaldo and fellow Portuguese...

GMS opens Apple store at Forum Algarve
Companies

Portuguese group Marques da Silva (GMS) is getting ready to open an official Apple store at...

Algarve
"The Right Juice's" premiere coming soon
"The Right Juice" premiere coming soon

Cinema || Whilst its world premiere took place at the prestigious Atlanta Film Festival in the US earlier this year...
Food
Algarve cuisine takes spotlight at 16th Arraial do Petisco in Pêra
Algarve cuisine takes spotlight at 16th Arraial do Petisco in Pêra

Armação de Pêra || Are you in the mood to try some of the best food the Algarve has to offer? If so, you are in luck...
Premieres (trailers)
Sex Tape

July 24, 2014

Directed by: Jake Kasdan; Starring: Jason Segel, Cameron Diaz, Rob Corddry; Genre: Comedy;...
Community
Swimming competition in Castro Marim
Swimming competition in Castro Marim

An open water swimming competition will be taking place on August 10 at the Alagoa/Altura beaches in Castro Marim,...
Health
No scar surgery

Laparoscopic or “key hole” surgery was developed at the end of the 20th century as a new trend in surgical treatment...
Sport
Road to Euro 2016: Portugal plays Armenia at Estádio do Algarve

Local football fans will have a unique chance to see Cristiano Ronaldo and fellow Portuguese stars show off their...
Companies
GMS opens Apple store at Forum Algarve

Portuguese group Marques da Silva (GMS) is getting ready to open an official Apple store at Forum Algarve Shopping...
Motoring
BMW gave me pasta and i8 IT

Somebody had to go to Milan, sleep in a five-star hotel and test the most significant car of the 21st Century so far...
Wine
Sauvignon Blanc and rosé from Monte da Ravasqueira
Sauvignon Blanc and rosé from Monte da Ravasqueira

I’ve yet to try any of the premium labels from this large Alentejo winery but my first experience of their sauvignon...