Chess Ex Minister: Turkey Wins Big if Bulgaria Quits Russian Projects

Turkey is going to benefit huge if Bulgaria decides to withdraw from any of the large-scale Russian-sponsored energy projects, according to former Economy Minister Petar Dimitrov. Dimitrov has pointed out that in the recent past Bulgaria failed to attract on its t


Chess Bulgaria with Staggering Levels of Inter-Company Debts

Bulgaria's inter-company debts amount to a staggering BGN 100 B, according to data of the private online information system DebtNet. Over 60% of the firms in Bulgaria are in debt, said Wednesday Vladimir Georgiev, Executive Director of DebtNet Bulgaria, who presen


Chess BP agrees to $20 billion fund for spill claims

WASHINGTON/VENICE, Louisiana (Reuters) - British energy giant BP reached a tentative agreement with President Barack Obama on Wednesday to place about $20 billion in a special fund to pay damage claims from the Gulf of Mexico oil spill. Source


Chess Romania Starts Talks with Gazprom for Joining South Stream

Russian energy giant Gazprom and Romania have started negotiations for the latter's inclusion in the South Stream gas transit pipeline project, whose primary Balkan hub is supposed to be Bulgaria. The matter of the talks entailed discussing Romania's possible part


Chess Obama meets BP execs, demands special spill fund

WASHINGTON/VENICE, Louisiana (Reuters) - President Barack Obama confronted BP Plc on Wednesday with a demand that it set aside billions of dollars to pay damages from the Gulf of Mexico oil spill, the worst in U.S. history. Source


Chess Spain Shocked by 0:1 Loss to Switzerland in World Cup Group H

Switzerland brought the biggest surprise in the first round of matches of the 2010 World Cup by beating Spain. The Swiss triumphed over Spain with 1:0 on the Moses Mabida Stadium in Durban Wednesday with the goal scored by its midfielder Fernandes in the 52nd minu


Chess Bulgaria with Positive FDI in 2010 Q1, Revised Data Shows

Bulgaria did not have a net outflow of foreign direct investments in the first quarter of 2010, according to revised data of the Bulgarian National Bank (BNB). A BNB announcement made Wednesday shows that Bulgaria ended the first quarter with a positive FDI balanc


Chess 4 Bidders Left for Supervision of Bulgaria’s ‘Trakiya’ Highway Construction

Four out of 12 candidates will continue in the competition for constructions supervision of Lot 3 of Bulgaria's "Trakiya" Highway. "Put Invest Engineering JSC", "Ruteks", "Trakiya" and "T7 Snik" are the four applicants that have gained equal points from the first


Chess Bulgaria, India Plan Joint Hi-Tech Parks

The governments of Bulgaria and India are going to start working on an action plan for the setting up of joint hi-tech park projects. The decision was made at the fourth session of the Bulgarian-Indian Informationa and Communications Technology Forum which took pl


Chess Bulgaria’s Trade Deficit Shrinks in January-April 2010

The export of Bulgarian companies in April has gone up by 36.7% year-on-year, the Bulgarian National Bank announced Wednesday. Thus, Bulgaria's April export reached EUR 1.... Source


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