The government will not be introducing the tolls on the four “SCUT” motorways previously scheduled for the 15th of April, reports AFPOP, the Association for Foreign Residents and Property Owners in Portugal. The process is now on hold until the result of the elections in June.
The least expensive city for hotel accommodation in Portugal so far in 2010 has been Portimão, with an average room price per night of €50, according to the Hotel Price Index Hotéis.com. The next cheapest cities were Quarteira (€51) and Vila Nova de Gaia (€55).
Following legislation passed on 9th September to introduce tolls on the A22 by April of next year, a public meeting has been convened in Loulé for this evening, 20th September, to form a Via do Infante Users’ Commission in order to coordinate opposition to the “unjust and unacceptable” toll scheme.
Photo credit: Elisabete Rodrigues
According to a resolution of the Portuguese Council of Ministers approved today 9th September, toll booths are to be installed on the A22 (Via do Infante) motorway, to become operational on 15th April, 2011.
An interesting article appeared in the New York Times on August 9th with the title “Portugal Gives Itself a Clean-Energy Makeover”.
With effect from 17th September, 2009, Portuguese financial institutions and branches in Portugal have been prohibited by the Bank of Portugal from extending credit to entities in so-called tax havens considered un-cooperative or whose ultimate beneficiary is unknown.
The Bank of Portugal considers a tax haven as a jurisdiction that “aims to attract a significant volume of business with non-residents, particularly due to the existence of less stringent procedures for obtaining authorization under the banking and supervisory regime in respect of banking secrecy, tax advantages, differentiating in the law between residents and non-residents or enabling the setting up of special purpose vehicles.”
