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Bulgarian President Mysteriously Certain of Bright Future for Belene NPP
Bulgaria has come very close to the construction of its second nuclear power plant in Belene, according to President Georgi Parvanov.
During his visit to the Danube town of Belene for the town holiday, Parvanov said he expected the acceleration of the construction of the troubled Belene Nuclear Power Plant, as cited by BTA.
"There are currently intensive negotiations under way between the partners for the construction of the Belene NPP," declared Parvanov making it clear he did not doubt the g...
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Date: 2010-09-03 18:33:55 | Source: Novinite.com
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Utter Confusion as Ministry Claims Abu Dhabi Firm Backs Bulgaria's F1 Plans
Bulgaria's Economy Ministry has declared that the Abu Dhabi company EABG is committed to the plans for building a Formula 1 circuit in the country despite a misunderstanding that led to an international scandal.
Thus, the Ministry has refuted the reports in the Bulgarian media that EABG (Emirates Associated Business Group), a private consortium uniting 67 companies from telecommunications, oil and gas, software and hardware, cargo trade, manufacturing, construction, real estate, declared it had...
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Date: 2010-09-03 18:04:14 | Source: Novinite.com
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Utter Confusion Reigns as Ministry Claims Abu Dhabi Firm Backs Bulgaria's F1 Plans
Bulgaria's Economy Ministry has declared that the Abu Dhabi company EABG is committed to the plans for building a Formula 1 circuit in the country despite a misunderstanding that led to an international scandal.
Thus, the Ministry has refuted the reports in the Bulgarian media that EABG (Emirates Associated Business Group), a private consortium uniting 67 companies from telecommunications, oil and gas, software and hardware, cargo trade, manufacturing, construction, real estate, declared it had...
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Date: 2010-09-03 18:04:14 | Source: Novinite.com
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Russia, Turkey Fall Out over Samsun-Ceyhan Oil Pipeline Project
Russia and Turkey will be starting their negotiations for the construction of the Samsun-Ceyhan oil pipeline from scratch because of disagreements, announced Russian company Transneft.
"[Turkey's] offer is to sign an inter-governmental agreement in which they are trying to get us to agree to economically unacceptable terms. Of course, we don't agree, and we are starting the new round of talks practically from scratch," declared the CEO of Transneft, one of the Russian partners in the Samsun-Cey...
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Date: 2010-09-03 15:57:23 | Source: Novinite.com
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Bulgaria Opposition Slams EVN Stake in Hydro Project
Bulgaria's left-wing opposition have harshly criticized an agreement under which Austrian utility EVN acquired a majority stake in the hydro project on the Arda river, known as Gorna Arda.
"This is just one more favor that Minister Traicho Traikov is doing for his former employer," Petar Kurumbashev, MP from the left-wing Coalition for Bulgaria, fumed in parliament on Friday, referring to the energy and economy minister, who served as an executive at the Bulgarian arm of Austrian utility EVN b...
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Date: 2010-09-03 13:56:21 | Source: Novinite.com
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Bulgarian PM Vows to Build 7 Highways in 2 Terms
Bulgaria's Prime Minister Boyko Borisov formally launched the construction of the last section of the Trakiya Highway, the first highway to run from Sofia to the Black Sea coast.
"There are 7 highway projects in Bulgaria. We will built three highways by the end of our first term (2013 – editor's note), and four highways in our next term," declared Borisov near Yambol at the groundbreaking ceremony of Lot 4, Trakiya's last section linking the city of Yambol and the town of Karnobat.
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Date: 2010-09-03 13:53:05 | Source: Novinite.com
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Bulgarian PM Pressures Turkey over Delayed Highway Construction
Bulgarian Prime Minister Boyko Borisov hardened his tone towards Turkey and Turkish investors after he found a new delay in the construction of the much problematic Lyulin Highway.
Carrying out his intention to inspect the work of the Turkish company Mapa Cengiz every 20 days, Borisov showed up on the construction site near Sofia Friday discovering a delay of 70 days, up from the 10-day delay established a couple of weeks ago.
The Bulgarian Prime Minister announced he had called his Turkish co...
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Date: 2010-09-03 12:29:51 | Source: Novinite.com
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Bulgarian PM Pressures Turkey over Delayed Highway
Bulgarian Prime Minister Boyko Borisov hardened his tone towards Turkey and Turkish investors after he found a new delay in the construction of the much problematic Lyulin Highway.
Carrying out his intention to inspect the work of the Turkish company Mapa Cengiz every 20 days, Borisov showed up on the construction site near Sofia Friday discovering a delay of 70 days, up from the 10-day delay established a couple of weeks ago.
The Bulgarian Prime Minister announced he had called his Turkish co...
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Date: 2010-09-03 12:29:51 | Source: Novinite.com
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Bulgaria EconMin: No Idea Who Was Sheik in F1 Blunder
Bulgaria's Minister of Economy, Energy and Tourism, Traicho Traikov, stated Friday there could be a possible "misunderstanding" in the "letter of intend" to build the Formula 1 racetrack near Sofia.
The Minister, however, was firm the cabinet has not done anything that could provoke an international scandal, but added he would not commit to saying if the project would be realized.
He spoke hours after the news broke that the Abu Dhabi company Emirates Associated Business Group (EABG) refuted s...
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Date: 2010-09-03 12:09:48 | Source: Novinite.com
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Ex Interior Minister: Bulgaria Has Never Been So Close to F1
Bulgaria's former Interior Minister, and now Member of the Parliament from the Socialist Party, Rumen Petkov, declared Friday the plans to build a Formula 1 race track near Sofia with financing from Abu Dhabi are real.
Petkov said that Bulgaria had never been this close to realize the project, but someone made the mistake of misrepresenting the company and its owner. (The MP declined offering the name of the individual at fault....
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Date: 2010-09-03 11:02:35 | Source: Novinite.com
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Bulgarian Economy Ministry Alters Press Release after F1 Scandal
The Ministry of Economy, Energy and Tourism, had amended its official press release from August 30, announcing plans to build a Formula 1 race track near Sofia with financing from Abu Dhabi.
The comparison was done by reporters from the Bulgarian daily Dnevnik hours after the news broke that the Abu Dhabi company Emirates Associated Business Group (EABG) refuted statements of Bulgarian authorities the group will invest in the project to build a Formula 1 racing track.
The current Ministry in...
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Date: 2010-09-03 10:15:30 | Source: Novinite.com
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Bulgarian Cabinet F1 Plans Stir Huge Scandal with Abu Dhabi
The Abu Dhabi company Emirates Associated Business Group (EABG) refuted statements of Bulgarian authorities the group will invest in the project to build a Formula 1 racing track.
The information was reported Friday by the Bulgarian daily "Sega" (Now), citing a company statement informing EABG had no intentions whatsoever to invest in any such endeavor and is so disappointed by the way the information got twisted around they would cancel all investment plans in Bulgaria all together.
The compa...
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Date: 2010-09-03 09:27:31 | Source: Novinite.com
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US Domino's Pizza Arrives in Bulgaria
The US-based pizza maker and distributor, Domino's Pizza is entering the Bulgarian market in October, the brand's representative for Bulgaria, Nikola Nikolov, told the Bulgarian daily Dnevnik.
The first restaurant will in the "Borovo" district in the capital Sofia, however the chain is planning to quickly expand to most major cities in the country, Nikolov said, but declined to offer more details.
Domino's Pizza specializes in home and office deliveries and belongs to the Bain Capital Investme...
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Date: 2010-09-03 08:10:10 | Source: Novinite.com
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Bad Year Looms for Bulgarian Wine Producers
Bulgarian grape growers and wine makers expect prices to go down, even lower than last season, the TV channel bTV reports.
The price reduction will reflect the trend on the global markets, the increased expenses of Bulgarian producers to store and keep unsold wine, and their need of cash for the new crop.
In addition, this year's rain and hail have damaged much of the grapes and the crop will be 30% lower, while producers are afraid half of it would enter the gray economy....
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Date: 2010-09-03 05:23:31 | Source: Novinite.com
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Bulgaria Gives Go-Ahead to Trakiya Highway Last Section
Bulgaria's prime minister will launch the construction works of the last section of Trakiya highway, linking the city of Yambol and the town of Karnobat, with a groundbreaking ceremony on Friday.
The Bulgarian Road Infrastructure picked "Holding Roads" as winner in the tender for building of the 49km section of Trakiya Highway, also known as Lot 4.
The offer of the Bulgarian company is BGN 174,705,600 M, VAT excluded.
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Date: 2010-09-02 17:46:39 | Source: Novinite.com
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Brussels Upbeat Economic Forecast Cheers Bulgaria
The European Commission has expressed optimism about the potential of Bulgaria's economy to rebound as officials figures confirmed that the eurozone economy grew by 1% between April and June.
"Bulgaria does not threaten the stability of the European economy and the European Commission is upbeat about its recovery," Amadeu Altafaj, spokesman of the European Union Economic and Monetary Affairs Commissioner Olli Rehn, told the Bulgarian National Radio on Thursday.
The statement followed the relea...
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Date: 2010-09-02 14:53:42 | Source: Novinite.com
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