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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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Prices uncertain on UAE property
A lack of activity within the Dubai property market is making it impossible to assess exactly how low prices have dropped.
Writing for Bloomberg. Zainab Fattah interviewed a number of analysts and experts on the property market in Dubai on the matter.
The lack of foreclosure auctions and sales means potential purchasers do not have enough data to see what properties are worth in the region.
In addition, the Dubai Land Department's data is also too patchy and incomplete to offer a proper idea o...
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Date: 2010-07-23 21:00:00 | Source: PropertyShowrooms.com
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Luxury hotels 'a growing market in Egyptian property'
The upmarket hotel industry offers potential to investors in property in Egypt, according to a newspaper.
Rebecca Bundham of the National reported how property investors have been able to take advantage of the fact that tourism in Egypt is now on the up, having suffered during the recession.
Adviser Ayman Sami noted that as the euro strengthens against the Egyptian pound, more people are coming from the eurozone to holiday in the country.
Fuat Koroglu, general manager of the new Kempinski Nil...
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Date: 2010-07-23 21:00:00 | Source: PropertyShowrooms.com
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