Archive for January, 2015

Greek FinMin Dismisses Further Negotiations with Troika

Saturday, January 31st, 2015

The new Greek Finance Minister Yanis Varoufakis announced on Friday that his government was not willing to continue negotiations with the troika of international creditors.

Varoufakis made this statement during a news conference following a meeting with the President of the Eurogroup Jeroen Dijsselbloem in Athens, daily Kathimerini reports.

The Finance Minister said that Greece would not extend the current bailout deadline beyond the end of February.

Varoufakis also refused to negotiate with the troika, which is composed of the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF).

He argued that the result of the early parliamentary elections had given his winning party SYRIZA a mandate to end the bailout agreement, negotiate a new deal and propose its own “deep reforms”.

However Dijsselbloem said that no final decision had been taken on whether the bailout deadline should be extended in the future.

The President of the Eurozone warned the new Greek government not to take any unilateral steps without consulting the troika.

Dijsselbloem also dismissed the holding of a European debt conference, which had been proposed by SYRIZA.

In Berlin, German Finance Minister Wolfgang Schaeuble issued a similar warning against the harsh negotiating tactics used by the Greek government in order to win a debt relief.


Bulgarian Presidency Lays Condolence Book in Memory of Zhelyu Zhelev

Saturday, January 31st, 2015

Condolence book in memory of late Bulgarian President Zhelyu Zhelev, who passed away on Friday, was unveiled in the building of the presidential administration on Saturday.

The book of condolences will be displayed at the main entrance with the guards between 9.30 and 19.30 on Saturday, the presidency’s press service reports.

During the national day of mourning on Sunday, the book of condolences will be available to be signed by citizens at the St. Alexander Nevsky Cathedral.

The commemorative service will take place in the cathedral at 12 o’clock on Sunday.


Small-cap Week, January 31

Friday, January 30th, 2015

Gem Diamonds, Matchtech, Gulfsands Petroleum and Flowgroup featured

Google and Lending Club Team Up, Online Lenders Gain Steam

Friday, January 30th, 2015

Lending Club Edit

Getting small business loans can be difficult, particularly in today’s economic climate. But in recent years, some new options have completely changed the way some businesses go after financing. And this week, Google and Lending Club unveiled another option for small businesses seeking capital. Read about this and other small business news from the past week, in our weekly Small Business Trends news and information roundup.


Google and Lending Club Kick Off New Business Loan Program

Google Partners now have a new source from which to get some extra capital.

Read Full Story


Week in Review, January 31

Friday, January 30th, 2015

Apple profits hit record; McDonald’s gets a new chief; plus oil majors, Deutsche Bank and more

These Are the Most Popular Days for Kickstarter Donations

Friday, January 30th, 2015

year in kickstarter

Considering starting a crowdfunding campaign? You’ll need to know the best ways to promote it. That means knowing the best times to do so. Luckily, Kickstarter just released some insights from its 2014 campaigns, The Year in Kickstarter, that reveal the days and times when people were most likely to donate.

The site found that people were generally more inclined to donate during work hours. But the most popular day of the week was Wednesday, followed by Thursday and Tuesday. And in terms of timing, the hours between 11 a.m. and 3 p.m.

Read Full Story


Capital markets v adventurous drillers

Friday, January 30th, 2015

Sometimes, it seems, low gas prices do not cure low gas prices, finds John Dizard

US profitability: the rich list

Friday, January 30th, 2015

Sixty years of corporate history show longevity of some sectors such as oil while others have been more transient

Bulgarian Government Dismisses Director of Employment Agency

Friday, January 30th, 2015

The Bulgarian government dismissed the director of the National Employment Agency Asen Angelov.

The dismissal had been proposed by Deputy Prime Minister Ivaylo Kalfin and approved by Prime Minister Boyko Borisov, the Bulgarian National Radio (BNR) reports.

The deputy director Valentina Georgieva has been appointed as an interim head of the agency until the appointment of an incumbent, which should take place within a month.


Bulgarian Helicopter Crew Remains Captured in Sudan

Friday, January 30th, 2015

The six Bulgarians working for the United Nations World Food Programme (WFP), who were captured by Sudanese insurgents on Monday, have still not been released.

Their release was expected on Thursday or Friday at the latest, but at present they still remain captured, private NOVA TV station reports.

A speaker of the Sudan People’s Liberation Movement-North (SPLM-North), which is responsible for the capturing of the Bulgarians, announced on Thursday that their release had been negotiated.

The Bulgarian Danka Panchova, who had been captured in Somalia, said that she had also participated in humanitarian missions in Sudan.

Panchova told that the work there is dangerous, but she is convinced that the captured Bulgarians will be released in good health soon.

Pancheva expressed full confidence in the crews of Heli Air, the airline company of which the six Bulgarians are employees, as she had used their services.

In one of the instances the insurgents fired on the aircraft she was aboard, but the incident ended without casualties due to the prompt reaction of the pilots.