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7 European Banks Fail Stress Test
Seven of the 91 European banks that underwent stress tests have failed them, BBC reports Saturday, citing the Committee of European Banking Supervisors (CEBS).
The tests assessed banks' ability to survive future economic shocks.
The 7 include five Spanish banks - Diada, Espiga, Banca Civica, Unnim and Cajasur....
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Date: 2010-07-24 13:52:24 | Source: Novinite.com
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Bulgarian Black Sea Cost Power Outage Tamed
Crews of the Bulgarian National Electric Company (NEK) were able to fix at 1:40 pm Saturday the two serious breakdowns of its electric posts, which left some Black Sea resorts without electricity.
The temporary restraining power regime for towns and resorts near the southern Black Sea city of Burgas has been lifted.
The two breakdowns left since Thursday evening several resorts along the coastline without power, air conditioning and hot water, prompting many tourists to cancel and alter vacati...
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Date: 2010-07-24 12:17:54 | Source: Novinite.com
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Tourists Leave Bulgarian Beach Resort over Power Outage
Scores of foreign tourists at Bulgaria's largest Black Sea resort "Sunny Beach" are asking for cancellations and compensations of their vacation stay.
The reason for the request is the mass power outage in a number of resorts in the country's southern Black Sea cost that began Friday.
The President of the Union of "Sunny Beach" hotel owners, Elena Yordanova, says the resort currently has about 300 000 holidaymakers and a large number have left ahead of the planned end of their vacation over th...
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Date: 2010-07-24 09:24:27 | Source: Novinite.com
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Bulgarian Coastal Power Outage to Be Fully Fixed by Weekend
Crews of the Bulgarian National Electric Company (NEK) are continuing round-the-clock work to fix the two serious breakdowns of its electric posts, which left some Black Sea coast resorts without electricity.
It is expected that the major part of the power supply will be restored Saturday and power will be restored in full by the end of the weekend.
The temporary restraining power regime remains in effect for the area north of the Black Sea city of Burgas where the schedule is to have power fo...
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Date: 2010-07-24 06:59:11 | Source: Novinite.com
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'Political' Appointment Said to Stall Further Burgas-Alexandroupolis Pipeline
The acting Director of the Bulgarian branch of the Trans-Balkan Pipeline company Plamen Rusev has told Novinite.com (Sofia News Agency) his expected replacement will stall and possibly alter substantially the Burgas-Alexandroupolis oil pipeline project.
Novinite....
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Date: 2010-07-23 15:14:11 | Source: Novinite.com
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New Contract for Lyulin Highway Said to Favor Bulgaria
Bulgaria's Road Infrastructure Agency has announced changes in their contract with "Mapa Cengiz", the Turkish company constructing the Lyulin Highway.
The chair of the Road Infrastructure Agency, Bozhidar Yotov, and the project director of the Turkish company, Kemal Unluer, signed Thursday evening an annex to the contract for constructing the Lyulin Highway.
The new agreement is said to stipulate some changes in favor of Bulgaria: the highway needs to be 19km long and it needs to connect the S...
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Date: 2010-07-23 14:25:40 | Source: Novinite.com
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Bulgaria’s Holding Roads to Officially Build Lot 4 of Trakiya Highway
The Bulgarian Road Infrastructure has announced that "Holding Roads" is the winner in the tender for building of the 49km section of Trakiya Highway, which will link the towns of Yambol and Karnobat.
The offer of the Bulgarian company is BGN 174,705,600 M VAT excluded.
Construction works of what is the last stretch of the highway are scheduled to start in September.
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Date: 2010-07-23 13:47:12 | Source: Novinite.com
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Bulgaria’s Holding Roads to Build Lot 4 of Trakiya Highway
The Bulgarian Road Infrastructure has announced that "Holding Roads" is the winner in the tender for building of the 49km section of Trakiya Highway, which will link the towns of Yambol and Karnobat.
The offer of the Bulgarian company is BGN 174,705,600 M VAT excluded.
Construction works of what is the last stretch of the highway are scheduled to start in September.
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Date: 2010-07-23 13:47:12 | Source: Novinite.com
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Greece Envoy to Bulgaria: Oil Pipeline Good for Market, Safe for Nature
Burgas-Alexandroupolis oil pipeline project will secure supplies to major energy markets and set an example of responsible attitude to nature, believes the Greek envoy to Bulgaria.
"The technologies, which are currently used for the building of pipelines, can give answers to all our questions and concerns," Ambassador Danai-Magdalini Koumanakou said in an interview for the Bulgarian News Agency.
The Greek Ambassador spoke days before the visit of George Papandreou, the Greek prime minister, to...
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Date: 2010-07-23 12:08:48 | Source: Novinite.com
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Fall in Bulgaria Residential Property Prices Slows Down in Q2
The average asking sales prices for residential property in Bulgaria continued to fall, though slightly, in the second quarter of 2010, official data shows.
Residential property recorded a negligible, average decrease of 0.8% for second quarter of the year after falling by 2....
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Date: 2010-07-23 11:02:14 | Source: Novinite.com
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Breakdown Leaves Bulgarian Black Sea Resorts Powerless
A serious breakdown of a 110-KW line, owned by the National Electric Company (NEK), has left some Black Sea coast resorts without electricity.
A broken electric post has caused Thursday the stop of electric power flow towards the energy company EVN north of the Bulgarian Black Sea city of Burgas.
Hotel owners from the region have claimed that the situation is very serious....
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Date: 2010-07-23 10:17:06 | Source: Novinite.com
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TBB CEO Upbeat about Bulgaria's Participation in Burgas-Alexanroupolis Project
The Bulgarian government has expressed good will and understanding with respect to the future of the Burgas-Alexandoupolis oil pipeline, according to Vladislav Emelyanov, CEO of Trans-Balkan Pipeline.
Speaking at a news conference in Sofia Thursday night, Emelyanov revealed that a delegation of the Trans-Balkan Pipeline, the joint company of Bulgaria, Greece, and Russia set up to construct and run the controversial pipeline, had been holding talks with the Bulgarian government for two days, inc...
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Date: 2010-07-22 18:48:29 | Source: Novinite.com
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Bulgarian Govt Puts Forth New Manager of Trans-Balkan Pipeline
Bulgaria's Finance Ministry wants to appoint a new manager in charge of the Bulgarian branch of the Trans-Balkan Pipeline company set up for the construction of the Burgas-Alexandroupolis oil pipeline.
The Bulgarian Finance Ministry has suggested that Denitsa Beyazova become the Director of the Burgas-Alexandroupolis Pipeline Project Company BG EAD, the Bulgarian partner in the Trans-Balkan Pipeline company, a joint venture with Russia and Greece. The position is currently occupied by Plamen Ru...
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Date: 2010-07-22 18:25:02 | Source: Novinite.com
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