ARCHIVE - 25 May 2012

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Business

Bulgarian Bank System Bad Loans Up BGN 2 B y/y

Bulgarian bad and restructured loans rose to the record high 24.43% of total lending at the end of April, amounting to BGN 9.74 B, shows central bank data.

Business » Finance | May 25, 2012, Friday // 13:15

Gazprom to Give Up South Stream Offshore Leg

Russian energy giant Gazprom may give up on the construction of the offshore section of the South Stream gas pipeline to Austria.

Business » Energy | May 25, 2012, Friday // 19:39

Oil Major BP Shelves Nabucco Project as Economically Unfeasible

The Nabucco gas pipeline, which aims to reduce Europe's reliance on Russian gas, has been shelved as an economically unviable project according to a high-ranking employee of oil major BP.

Business » Energy | May 25, 2012, Friday // 18:33

Bulgaria Has EU's Highest Natural Gas Prices in PPS

Natural gas prices in purchasing power standards (PPS) in Bulgaria are record-high, compared to the other EU countries, according to Eurostat data for the period between the second half of 2010 and the second half of 2011.

Business » Energy | May 25, 2012, Friday // 17:30

Politics

Bulgarian President Highlights Stability Efforts to Italy's PM

Speaking after a meeting with Italian Prime Minister Mario Monti, Bulgarian President Rosen Plevneliev has stressed the importance of maintaining good bilateral relations in a period of crisis.

Politics » Diplomacy | May 25, 2012, Friday // 20:05

Marcie Ries Replaces James Warlick as US Ambassador to Bulgaria

US President Barack Obama has nominated Marcie Ries for ambassador to Bulgaria, where she will replace James Warlick.

Politics » Diplomacy | May 25, 2012, Friday // 11:06

President Plevneliev to Promote Stable Bulgaria to Italy's Monti

Bulgarian President Rosen Plevneliev, who is on an official visit to the Vatican City, is scheduled to confer on Friday with Italian Prime Minister Mario Monti.

Politics » Diplomacy | May 25, 2012, Friday // 10:14

Bulgaria's Buildings to Have Seismic Passports by 2016, Govt Says

Large buildings in Bulgaria are to have technical passports by 2014 and all other buildings by 2016, according to Regional Development Minister Lilyana Pavlova.

Politics » Domestic | May 25, 2012, Friday // 15:51

Society

4 Jolts Detected Friday after Bulgaria Strong Quake

Four light tremors have been registered in Bulgaria in the first twelve hours on Friday since a massive 5.9-degree earthquake hit the western parts of the country in the wee hours on Tuesday.

Society » Environment | May 25, 2012, Friday // 12:31

Northern Bulgaria under Code Yellow over Downpours

Code yellow for potentially dangerous weather has been declared Friday for the whole of Northern Bulgaria due to expected torrential rains.

Society » Environment | May 25, 2012, Friday // 10:01

Bulgaria Ex Regional Development Minister Dies at 56

Bulgaria's former regional development minister Valentin Tserovski, who served in the government of Simeon Saxe-Coburg, has passed away after losing his long battle with cancer, his family announced.

Society » Obituaries | May 25, 2012, Friday // 13:43

Sports

Bulgaria's Berbatov to Switch to Paris St Germain

Bulgarian star striker Dimitar Berbatov has been said to be pending a switch to Paris Saint Germain.

Sports | May 25, 2012, Friday // 16:31

Crime

Young Bulgarian Lady Killed in Florida Hit-and-Run

A 19-year-old Bulgarian has died after being hit by a car on a recognized bicycle lane in Florida, local media reported.

Crime | May 25, 2012, Friday // 14:18

Lifestyle

Bulgarian Throws Gypsy Music Marathon in New York

Bulgarian club owner and impresario Alexander, Sasho, Dimitrov, who has been living in the United States for more than twenty years, organized over the weekend a three-day, three-night marathon of gypsy music at a tavern in Queens.

Lifestyle | May 25, 2012, Friday // 14:48

Views on BG

Bulgaria's Economic Crisis Has Its Jewish Community Facing Harsh Realities

The stories – some months or years in the making -- started trickling in last year. Young successful families were showing up desperate.

Views on BG | May 25, 2012, Friday // 09:21

Nomadic Sounds Convene in Queens

Any discussion of gypsy music requires plenty of hyphens. By all accounts, the Romani people are a race of musical alchemists, continually traversing the globe and mixing different sounds together.

Views on BG | May 25, 2012, Friday // 08:28
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