It seems this is an old issue and it's incredible how Apple didn't correct it yet. When setting the time zone for Portugal in icloud it says Portugal is in Central European Time (GMT). WRONG! Portugal is in the same time zone as the UK and Ireland. I guess Apple thnks this is a minor issue and Portugal doesn't buy that much devices for Apple to care correcting a very old bug. This causes problems synchro with Outlook for example and I don't want to activate time zone management just because of this. Does Apple have a place to report bugs?
BTW, can't add the image as said above. The insert image option is not active....and the file is small sized. and it's a jpg. and i'm using ie8... Sad