Archive for November, 2012

Nigerians, Bulgarians Busted in Bulgaria for Cocaine Trafficking

Friday, November 30th, 2012

Three Nigerian nationals and four Bulgarians suspected in organizing an international cocaine trafficking ring have been arrested in Bulgaria.

Local authorities carried out a specialized operation in a total of eight Bulgarian cities and towns (Silistra, Ruse, Smolyan, Veliko Tarnovo, Gabrovo, Pernik, Kyustendul and Sofia) before getting to the bottom of the criminal organization.

The cocaine bosses allegedly hired drug mules to transport cocaine to various destinations around the world.

A 41-old Nigerian man known as Dani is believed to have been the head of the drug trafficking.

Source

Nigerians, Bulgarians Busted for Cocaine Trafficking in Bulgaria

Friday, November 30th, 2012

Three Nigerian nationals and four Bulgarians suspected in organizing an international cocaine trafficking ring have been arrested in Bulgaria.

Local authorities carried out a specialized operation in a total of eight Bulgarian cities and towns (Silistra, Ruse, Smolyan, Veliko Tarnovo, Gabrovo, Pernik, Kyustendul and Sofia) before getting to the bottom of the criminal organization.

The cocaine bosses allegedly hired drug mules to transport cocaine to various destinations around the world.

A 41-old Nigerian man known as Dani is believed to have been the head of the drug trafficking.

Source

Bulgaria’s Football 8th Most Corrupt in Europe

Friday, November 30th, 2012

Bulgaria’s football league is the 8th most corrupt in Europe, with at least 37 games allegedly fixed since June 2009,according to SportRadar, a supplier of sports-related data .

SportRadar has concluded that the Albania’s championship is the most corrupt, with suspicious 97 matches over the period. Italy is second with 70, followed by Moldova (66).

At the end of August, a BBC investigation revealed that Bulgaria’s football is deeply involved in mafia businesses, with match-fixing and money laundering being just the tip of a criminal iceberg that lurks beneath the surface of the game.

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Bulgaria’s Long-Term Place inside Eurozone – FinMin

Friday, November 30th, 2012

Bulgaria’s place is unquestionably inside the single currency and it will definitely join the eurozone in the long term, the finance minister has confirmed.

Bulgaria has frozen its application to be part of the euro, but Minister Simeon Djankov told the German Die Zeit it will join after the currency area made further progress and the fiscal pact gets stronger.

“The eurozone should make it imperative that rules are to be abided by and severly punish those countries, which don’t” Minister Djankov said in the interview.

“As things stand now, the euro convergence criteria (also known as the Maastricht criteria) are met only by countries, which are outside the eurozone, It makes absolutely no sense to join a club, which breaches its own rules.”

“It is not just about the money and the fact that we don’t want to bear the burden of debts amassed by undisciplined countries. It is a rule of thumb that countries, which have spent much more than they could afford for years on end, should not be helped unless they commit to radical reforms.”

Asked about the tight fiscal policy that the government adopted despite the country’s good finances before the crisis started raging in Europe, Djankov said this made Bulgaria stand out.

“We wanted to show that we are different. In 1997, we suffered a disastrous banking and financial crisis. We found that those who lived for some time careless and spent too much, finally had to pay the price. Bulgaria had learned its lesson.”

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PTT raises $3bn to fund overseas push

Friday, November 30th, 2012

Equity offering by Thai oil and gas explorer is country’s biggest-ever and underscores Thailand’s rush for energy resources

Helium prices balloon as supplies run out

Friday, November 30th, 2012

Companies in Japan, the world’s top helium importer, say they are looking to tap alternative sources of supply in Qatar, Russia and Poland

Egypt Ready with Draft Constitution, Keeps Sharia as Legislation Source

Friday, November 30th, 2012

Egypt’s Islamist-led constitutional commission voted to approve the country’s draft constitution on Friday.

“The constitutional commission to draft the main legislative document of the country has unanimously approved all provisions of the draft constitution,” commission head Hossam el-Gheriyani said, as cited by RIA Novisti.

Representatives of secular parties and Coptic Christians walked out of the debate in the Islamist dominated commission, consisting of 100 delegates, to show their disagreement with the newly-proposed constitution.

The draft keeps Sharia, or the moral code and religious law of Islam, as the main source of Egypt’s legislation.

The Constitution was sent to President Mohamed Morsi, who said Thursday he would call a nationwide referendum on the charter “soon.”

The referendum must be held within 30 days.

The draft charter states that Egypt is a Muslim nation and that — for the first time in the republic’s history — parliament must consult clerics at Al Azhar mosque, a revered institution in Sunni Islam, on legislation “related to Islamic sharia,” the Los Angeles Times has noted. .

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Turkey Agrees on Accepting Some Bulgarian College Diplomas

Friday, November 30th, 2012

Turkey will resume recognizing Bulgarian college diplomas, but only from schools which don’t use intermediaries in attracting students.

The information was reported Friday by Bulgaria’s Education Minister, Sergey Ignatov, cited by the BTA news agency.

The Minister just returned from Turkey where he was part of the delegation of President, Rosen Plevneliev, who went on a two-day official visit to Ankara.

Ignatov says the negotiations with Turkey on the issue have been tough, but very successful, and included all possible levels – the Turkish President, Prime Minister, Education Minister, and the Council for Higher Education.

“After these talks, I believe the requests of the Turkish Ambassador for our College Presidents were lifted. The only issue to iron out is the intermediary companies. Turkey stated they would recognize diplomas from universities that don’t use such intermediaries. These companies are not involved in academic activities, and if they could be linked to illegal activities, these will be in the category of general crime,” he noted.

The Minister stressed that the most important outcome was the fact that doubts in the quality of Bulgaria’s education have been dissipated.

The issue with the intermediaries will be debated further in Sofia with the President of the Turkish Council for Higher Education, his Deputy, and the Turkish Education Minister, who will be invited for a meeting with the Bulgarian Council of College Presidents.

At the end of July, on grounds that forgery of exam marks and college diplomas has reached the dimensions of organized crime in Bulgaria, Turkey advised all of its aspiring university students to refrain from applying for Bulgarian schools.

The decision was made by the Turkish Council for Higher Education, the institution accrediting foreign diplomas.

Its official site noted that documents of students from Bulgaria will no longer be legalized. It further warned transfers from Bulgarian colleges to Turkish ones are no longer accepted, while the documents of those who have applied for accreditation will be put on hold.

In August, Ignatov assuaged “things will return to normal as soon as the enrollment process is over.” He explained that he has sent a letter to Deputy Prime Minister and Interior Minister, Tsvetan Tsvetanov, listing all facts surrounding the fake diploma scandal.

The Council of College Presidents declared they were prepared to fully assist the authorities in probing the case.

When the news emerged in July, Bulgarian university and college presidents asked Bulgaria’s Foreign Ministry to send a protest note to Turkey, and to refer the issue to the EU institutions since, in their words, the suspended recognition of Bulgarian diplomas by Turkey is a “violation of the European educational space”.

At the time, the Education Minister also announced that he has sent an envoy to the Turkish Education Minister but refused to reveal their identity, saying only that they are “a very high-ranking person in Bulgaria.”

Ignatov did not rule out Bulgarians’ involvement in the forgery of university diplomas, and promised that those responsible for the crime will be punished. He, however, stressed he had official information from Turkey about just one problematic Bulgarian-issued diploma.

The Bulgarian Education Ministry stated intents to send a delegation of experts to Turkey in order to convince the Turkish authorities that it has a mechanism for verifying the authenticity of Bulgarian university diplomas, and that Turkey does not need to suspend their recognition.

Ignatov has claimed that the Bulgarian authorities have very little official information about the Turkish decision.

Meanwhile, new measures were recently introduced to better protect Bulgarian diplomas such as special stickers and scanning and uploading the documents on the site of the Education Ministry.

In October, the Council of Bulgarian College Presidents demanded the recall of Turkish Ambassador to Bulgaria, Ismail Aramaz, after they received from him a letter, asking them to admit “10 facts about education,” by declaring publically the existence of substantial and structural problems in Bulgaria’s college education, the low level of studies, and the fact that exams are only oral and held only between the student and the educator.

The College Presidents say the attack on Bulgarian diplomas stems from interests of the increasing number of private colleges in Turkey, which the Turkish State has helped with free land, interest free loans, and tax free import of equipment, but nevertheless these schools struggle for enough enrollment.

Source

Bulgarian Ex-Deputy FinMin Appointed as C-Bank Board Member

Friday, November 30th, 2012

Boryana Pencheva, a former Bulgarian Deputy Finance Minister, has been officially appointed as a member of the country’s central bank governing board.

Pencheva has thus become the Bulgarian National Bank governing board member appointed by the Bulgarian President.

President Rosen Plevneliev was present at the appointment ceremony, local media inform.

Pencheva enters office for a six-year term.

As Deputy Finance Minister, Boryana Pencheva was in charge of macroeconomic planning, debt management and coordination of the state policy in the field of financial services and financial markets.

She was also responsible for cooperation with international financial institutions involved in the coordination of economic and financial policy in the European Union and financial management assistance from the Union, and other international programs.

From 2002 to 2009 Pencheva served as Director of Management of EU Funds Directorate within the Ministry of Finance.

Source

They’ve Opted For A Spin Off

Friday, November 30th, 2012

business cartoon

I apologize. This is one of those punny captions that get through when I’m feeling silly, tired, or I’m on a really tight deadline. (You should see the cartoons when I’m all three!)

Still, if’s goofy and harmless and I have to say it’s grown on me over the years. Plus, the holidays are here so it’s relevant now, right? Right?

OK, back to the drawing board. (Literally.)

The post They’ve Opted For A Spin Off appeared first on Small Business Trends.

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