Chess S&P Cuts Bulgarian American Credit Bank Rating

Standard and Poor's said it lowered the long-term rating of Sofia-based Bulgarian American Credit Bank to B+ from BB- and affirmed the bank's short-term rating at B. The outlook is negative. "The downgrade results from our view of the continued deterioration in B


Chess Argentina Make It to Group of 16 after Crushing South Korea 4:1

Argentina has become the first team in the 2010 World Cup to qualify for the Group of 16 after defeating South Korea in their second Group B match on Thursday. The score for Argentina was opened when Korea's Park Chu Young scored in his own goal in the 17th minute


Chess Grilling awaits BP boss as spill deal lifts shares

WASHINGTON/LONDON (Reuters) - BP Chief Executive Tony Hayward was set to face the wrath of U.S. lawmakers on Thursday as investors welcomed a plan to set up a $20-billion fund to cope with Gulf of Mexico oil spill claims. Source


Chess Bulgaria Ranks 42 on House Price Index

As the international housing market marks a recovery, Bulgaria remains among the countries, which slid further down the rankings, according to a recent house price index report. Knight Frank says prices increased in 53% of locations indicating that a recovery in g


Chess PRC Commerce Minister: Bulgaria Could Be China’s EU Door

Bulgaria has the potential to become the "bridge" for the transfer of Chinese technologies and investments to the European Union, according to PRC Commerce Minister Chen Deming. Chen Deming has met with the Bulgarian Economy Minister, Traicho Traikov, who is on a


Chess Bulgaria PM Faces Off President in TV Clash

Bulgaria's center-right Prime Minister Boyko Borisov and one of his biggest political foes Socialist President Georgi Parvanov will be guests of the morning broadcast of the private TV channel bTV Friday morning. The president will focus on the economic crisis and


Chess Bulgaria Hopes to Top World Spa Charts Soon

The Bulgarian town of Sandanski has been declared "Best Spa Destination in Bulgaria" at the first national "Spa Nominations" awards. The ceremony took place in the Bulgarian town of Pravetz on Wednesday. "If we fix the infrastructure, in three years Bulgaria can


Chess How To Be A Better Social Networker Offline

Last week I was lucky enough to stumble upon Ben Parr’s post over at the AMEX Open Forum about how to become a savvier networker online. In his post, Ben shares some great tips for how to get and keep the attention of influencers. But not all your social network


Chess Bulgaria PM Approaches Netanyahu over Journalists’ Belongings

Bulgaria's Prime Minister Boyko Borisov has phoned his Israeli counterpart Binyamin Netanyahu earlier this week to ask about the personal belongings of the two Bulgarians who sailed on the Gaza flotilla and whose belongings were confiscated by the IDF, The Jerusal


Chess Clairvoyants’ Business Booming in Bulgaria

By DPA Clairvoyants, soothsayers, fortune-tellers and astrologers in Bulgaria are seizing on the economic crisis to offer people a bit of hope for the future. They can be found, for example, in front of the Sheraton hotel in Sofia calling out predictions to passe


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