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Economy Minister Backs Bulgaria's Formula 1 Project
Bulgaria's Economy and Energy Minister, Traicho Traikov, fully backed the cabinet's plans to build a Formula 1 racing track near Sofia.
In a Wednesday interview for the TV channel Nova Televizia, Traikov stated great results are only brought by great goals, referring to the Formula 1 project.
On August 30, the Minister and the Chair of the Abu Dhabi state company Emirates Associated Business Group (EABG), Mohammed Abdul Jalil al Blouki, signed an economic cooperation memorandum providing for t...
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Date: 2010-09-01 10:45:32 | Source: Novinite.com
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EU, White House condemn attack in Israel on eve of Middle East talks
Four Israelis were killed on August 31 after a Palestinian gunman opened fire on their vehicle on the West Bank. The White House and EU foreign policy chief Catherine Ashton have strongly condemned the attack, which took place a day before US president Obama was to host Middle Eastern leaders to dinner before the face-to-face Israeli – Palestinian peace negotiations in nearly two years.
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Date: 2010-09-01 10:14:44 | Source: Sofiaecho.com
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Bulgaria condemns terrorist attack in Hebron
Restoration of confidence is a key factor on the eve of direct talks, and in this respect, Sofia welcomes the Palestian authorities' arrest of the Hamas members responsible, Foreign Ministry says.
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Date: 2010-09-01 10:14:43 | Source: Sofiaecho.com
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Bulgaria C-Bank Interest Rate Unchanged
The Bulgarian National Bank (BNB) has decided to keep the basic interest rate unchanged over August, when it hit its lowest levels since the index was recorded for the first time in 1991.
From September 1 2010, the basic interest rate has been set at 0,17%, which is the same compared to the previous month.
The interest rate has been decreasing since the beginning of last year from levels at 5,17%....
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Date: 2010-09-01 08:23:33 | Source: Novinite.com
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UN launches plan against human trafficking
The plan, launched at a high-level meeting of the General Assembly at UN Headquarters in New York, calls for integrating the fight against human trafficking into the UN’s broader programmes to boost development and strengthen security around the world.
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Date: 2010-09-01 08:17:09 | Source: Sofiaecho.com
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Jolie, Georgieva in appeals on aid for Pakistan
EU Aid Commissioner Kristalina Georgieva told MEPs in the Development Committee that the coming weeks could see the situation worsen in Pakistan owing to the weather. UN Goodwill Ambassador Angelina Jolie appealed today for the public to step up their financial support for the efforts of aid agencies to bring humanitarian relief.
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Date: 2010-09-01 08:17:09 | Source: Sofiaecho.com
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Bulgaria's Railways Seek BGN 460 M Loan from WB, EBRD
Bulgarian State Railways EAD is in talks with a number of banks, seeking a BGN 460 M international syndicated loan to help finance debt payments through 2014 and turn around the indebted company, the company chairman told Bloomberg agency.
The group of banks include the World Bank, the European Bank for Reconstruction and Development, Deutsche Bank AG and UniCredit Bulbank AD.
The funding would be linked to a five-year plan to make the operator profitable after posting losses for 20 years beca...
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Date: 2010-09-01 06:06:55 | Source: Novinite.com
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Bulgaria’s Railways Seek BGN 460 M Loan from WB, EBRD
Bulgarian State Railways EAD is in talks with a number of banks, seeking a BGN 460 M international syndicated loan to help finance debt payments through 2014 and turn around the indebted company, the company chairman told Bloomberg agency.
The group of banks include the World Bank, the European Bank for Reconstruction and Development, Deutsche Bank AG and UniCredit Bulbank AD.
The funding would be linked to a five-year plan to make the operator profitable after posting losses for 20 years beca...
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Date: 2010-09-01 06:06:55 | Source: Novinite.com
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Bulgaria, Macedonia signing cross-border co-operation deal
Rosen Plevneliev, Bulgaria's Minister of Regional Development and Public Works. Photo: Maria Subotinova Bulgaria's Regional Development and Public Works Minister Rosen Plevneliev and Macedonia's local government minister Musa Xhaferi were scheduled to sign on August 31 2010 a memorandum of understanding on the implementation of a Bulgarian ...
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Date: 2010-08-31 21:24:44 | Source: Topix.com
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UK house prices drop in August
UK house prices fell during August, according to figures from Hometrack.
The property intelligence group's data highlights that the average house price dropped 0.3 per cent across the month to £158,300, following a 0.1 per cent decline in July.
August's drop has been attributed to a fall in the number of people looking for a new home.
Richard Donnell, director of research at Hometrack, said: "The unmistakable fact is that the availability of homes for sale has improved markedly and...
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Date: 2010-08-31 21:00:00 | Source: PropertyShowrooms.com
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Florida property finding favour with overseas buyers
Florida property is back in favour with British buyers, according to Orlando-based firm Coldwell Banker Feltrim.
Speaking to A Place in the Sun magazine, the company's chief executive officer Garrett Kenny said that the state's reputation as a tourist hotspot makes it a popular destination for Brits wanting to buy property abroad.
"Now is a great time to buy property in Florida as prices have fallen by as much as 50 per cent in some cases and some condos are now selling for less than they...
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Date: 2010-08-31 21:00:00 | Source: PropertyShowrooms.com
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US home prices increase 4.4%
The US National Home Price Index rose 4.4 per cent across the second quarter of 2010, according to Standard & Poor's latest S&P/Case-Shiller Home Price Indices.
This followed a drop of 2.8 per cent in the first three months of the year and puts US property prices 3.6 per cent higher than a year ago.
Of the 20 cities included in the index, 15 saw a year-on-year increase in property prices, with San Francisco and San Diego showing the biggest leaps of 14 per cent and 11 per cent respecti...
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Date: 2010-08-31 21:00:00 | Source: PropertyShowrooms.com
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