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ARCHIVE - 6 December 2012

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Business

Bulgaria Advertised as Investment Destination in London
Google Updates Maps for 10 European Countries, Bulgaria Too
Bulgaria's Trakiya Hwy Section Opens ahead of Schedule
Sofia Airport New ATC Tower Able to Serve 2nd Runway
Bulgarian MPs Pass 2013 Budget Amidst Scandals
ECB Slashes Euro Area Growth Forecasts for 2012, 2013
Bulgaria Banks Suffer Biggest Funding Drop in EU's East - Fitch
Bulgaria President to Veto Provisions of Investment Promotion Act
SP Cuts Greece's Credit Rating to 'Selective Default'
Bulgaria Picks Czech Consultant for Bourse Sale
Bulgarian MPs Resume 2013 Budget Vote
ABB to Invest USD 23 M in 4th Bulgarian Factory, Add 600 Jobs
Diplomat Plaza Awarded as Bulgaria's Top Wellness Hotel for 2012

Politics

Obama 'Close Allies' Video Becomes Popular in Bulgaria
Bulgaria's Interior Minister Predicts Stalemate on Schengen until March 2013
Bulgaria Says Ready to Support Montenegro in EU Talks
EC Probes Grid Fee for Bulgarian Renewable Energy Producers
Assange Backs Bulgarian Journalists in Exposing PM's Criminal Past
Slovakia Scraps 19% Flat Tax, Bulgaria Firm to Keep Its 10%
Bulgaria's Ruling Party Sends New Member to European Parliament
EPP Chief Blasts Top Bulgarian Socialist for Undemocratic Talk
Bulgaria's FinMin Terms Opposition MPs 'Drunks', Apologizes
Bulgarian Opposition Asks Probe in Research Funding Scandal
Supreme Bulgarian Judge Wants to Abolish Life without Parole

Society

Bulgarian Sailor Rescued in North Sea Ship Sinking
Sofia Ranked Last in EU by Quality of Living
Bulgaria's Fishermen, Bankers Honor St Nikolas

Sports

Euro 2012 to Take Place All Over Europe - UEFA

Crime

Mayor of Northwestern Bulgarian Town Faces Embezzlement, Malfeasance Charges
Bulgarian Border Police Bust 20 Illegal Immigrants from Ivory Coast
Bulgarian Border Police Bust Illegal Immigrants from Algeria, Syria, Libya

Views on BG

*Julian Assange to EP on Bulgaria, Corruption, Cablegate
Romanians and Bulgarians Could Flock to UK, British MP Says

World

Egypt Army Seals Off Presidential Palace as Protesters Remain
Greece's Unemployment Hits Record 26%
German Industry Enjoys Surge in Non-Euro Zone Exports
Germany Ready to Send Troops to Turkey-Syria Border
Uzbekistan Provides British RAF with Afghanistan Pullout Route
Obama, Merkel, Putin Top Forbes' 2012 Most Powerful List
China, Russia Strike New Nuclear Power Plant Deal
Pregnant Kate Middleton Discharged from Hospital
Russian Journalist Killed for Doing His Job, Investigators Find
Egypt Army Deploys Tanks over Protests against President Morsi
Meager Turnout Mars Russian Opposition's Anti-Putin Anniversary Rally
Clashes over President Morsi Claim 6 Lives in Egypt

Business

Bulgaria Advertised as Investment Destination in London

A number of companies voiced plans to invest in Bulgaria after a forum held in London on the benefits of the country as an investment destination.

Business | December 6, 2012, Thursday // 17:03

Google Updates Maps for 10 European Countries, Bulgaria Too

Google announced it has released updated maps for 10 countries and regions in Europe, including Bulgaria, which makes the Ground Truth initiative now available in 40 countries worldwide.

Business | December 6, 2012, Thursday // 11:55

Bulgaria's Trakiya Hwy Section Opens ahead of Schedule

Traffic on Bulgaria's Trakiya highway between the town of Karnobat and the Black Sea city of Burgas has been reinstated as of 8 am Thursday.

Business | December 6, 2012, Thursday // 10:57

Sofia Airport New ATC Tower Able to Serve 2nd Runway

The new air traffic control tower at Sofia airport was put into operation right after its official inauguration on Wednesday.

Business | December 6, 2012, Thursday // 09:07

Bulgarian MPs Pass 2013 Budget Amidst Scandals

Bulgaria's Parliament adopted Thursday the country's 2013 State Budget Act at second reading after a debate marred by scandals.

Business » Finance | December 6, 2012, Thursday // 19:33

ECB Slashes Euro Area Growth Forecasts for 2012, 2013

The European Central Bank on Thursday slashed its growth forecasts for the Euro Area for both 2012 and 2013, and projected a return to growth in 2014.

Business » Finance | December 6, 2012, Thursday // 17:56

Bulgaria Banks Suffer Biggest Funding Drop in EU's East - Fitch

Bulgarian lenders suffered a 47% reduction in parent funding during the first half of the year, the largest drop among banks in Central and Eastern Europe, according to Fitch Ratings.

Business » Finance | December 6, 2012, Thursday // 16:05

Bulgaria President to Veto Provisions of Investment Promotion Act

President Rosen Plevneliev will return to Parliament for further review transitional and final provisions of the Investment Promotion Act introducing changes to the Foreigners in the Republic of Bulgaria Act and the Bulgarian Citizenship Act.

Business » Finance | December 6, 2012, Thursday // 15:55

SP Cuts Greece's Credit Rating to 'Selective Default'

Standard & Poor's has cut Greece's 'CCC' long-term and 'C' short-term sovereign credit ratings to 'SD' (selective default) following the Greek government's offer to buy back its debt at a steep discount, the international rating agency announced on Thursd

Business » Finance | December 6, 2012, Thursday // 14:14

Bulgaria Picks Czech Consultant for Bourse Sale

Bulgaria's sale agency has picked Czech company Patria Corporate Finance to act as consultant as the country is looking for an investor for its only stock exchange.

Business » Finance | December 6, 2012, Thursday // 13:53

Bulgarian MPs Resume 2013 Budget Vote

Bulgarian Members of the Parliament are voting Thursday on the 2013 State budget after adjourning the session at 10 pm Wednesday.

Business » Finance | December 6, 2012, Thursday // 08:38

ABB to Invest USD 23 M in 4th Bulgarian Factory, Add 600 Jobs

Swiss-based global engineering group ABB plans to invest about USD 23 M to build its second greenfield factory in Bulgaria, the company announced Thursday.

Business » Industry | December 6, 2012, Thursday // 17:24

Diplomat Plaza Awarded as Bulgaria's Top Wellness Hotel for 2012

Diplomat Plaza Hotel & Resort has been awarded as Bulgaria's Top Wellness Hotel for 2012 by the Bulgarian Hotel and Restaurant Association (BHRA), the company announced.

Business » Tourism | December 6, 2012, Thursday // 15:31

Politics

Obama 'Close Allies' Video Becomes Popular in Bulgaria

A video clip of a TV reporter in Denmark, showing US President Barack Obama saying the same words to a number of country leaders has gained serious popularity in Bulgaria after the visit of Prime Minister, Boyko Borisov to Washington DC.

Politics » Diplomacy | December 6, 2012, Thursday // 15:03

Bulgaria's Interior Minister Predicts Stalemate on Schengen until March 2013

Interior Minister Tsvetan Tsvetanov has said that the political decision for the accession of Bulgaria and Romania to Schengen is likely to come no earlier than March 2013.

Politics » Bulgaria in EU | December 6, 2012, Thursday // 20:04

Bulgaria Says Ready to Support Montenegro in EU Talks

Bulgaria's Foreign Minister Nikolay Mladenov has declared Sofia's readiness to support Montenegro in the process of its talks for EU accession.

Politics » Bulgaria in EU | December 6, 2012, Thursday // 19:02

EC Probes Grid Fee for Bulgarian Renewable Energy Producers

The European Commission is examining the legality of the grid access fee for renewable electricity producers introduced by Bulgaria's State Commission for Energy and Water Regulation (DKEVR) in September.

Politics » Bulgaria in EU | December 6, 2012, Thursday // 18:27

Assange Backs Bulgarian Journalists in Exposing PM's Criminal Past

The founder of WikiLeaks, Julian Assange, has confirmed that the US diplomatic cables about the alleged criminal past of Bulgarian Prime Minister, Boyko Borisov, leaked through the whistle-blowing site, are fully authentic.

Politics » Bulgaria in EU | December 6, 2012, Thursday // 12:44

Slovakia Scraps 19% Flat Tax, Bulgaria Firm to Keep Its 10%

Slovakia's parliament voted for scrapping the 19% flat tax, replacing it with higher taxes on the rich, politicians and corporations as of 2013.

Politics » Bulgaria in EU | December 6, 2012, Thursday // 12:41

Bulgaria's Ruling Party Sends New Member to European Parliament

Bulgaria's parliament cut short the term of Monika Panayotova, MP from the ruling party, as she is heading to join the European Parliament.

Politics » Bulgaria in EU | December 6, 2012, Thursday // 11:23

EPP Chief Blasts Top Bulgarian Socialist for Undemocratic Talk

Wilfred Martens, President of the European People's Party, EPP, has issued a statement announcing he was shocked by words of the leader of the Bulgarian and European Socialists, Sergey Stanishev.

Politics » Bulgaria in EU | December 6, 2012, Thursday // 09:23

Bulgaria's FinMin Terms Opposition MPs 'Drunks', Apologizes

Bulgaria's parliamentary opposition has been outrage by what it deemed a severe insult on part of Finance Minister and Deputy PM Simeon Djankov during the second reading debates on the 2013 State Budget Act.

Politics » Domestic | December 6, 2012, Thursday // 14:55

Bulgarian Opposition Asks Probe in Research Funding Scandal

Sixty two Members of the Parliament requested Thursday the establishment of an ad hoc committee to probe tipoffs for illegal activities in Bulgaria's Scientific Research Fund.

Politics » Domestic | December 6, 2012, Thursday // 13:57

Supreme Bulgarian Judge Wants to Abolish Life without Parole

The head of the Bulgarian Supreme Court of Cassation Lazar Gruev Lazar Gruev has declared himself in favor of abolishing life sentences without parole, which is the harshest legal punishment in Bulgaria.

Politics » Domestic | December 6, 2012, Thursday // 12:11

Society

Bulgarian Sailor Rescued in North Sea Ship Sinking

One Bulgarian sailor has been rescued late Wednesday evening after the sinking of cargo ship Baltic Ace in the North Sea.

Society | December 6, 2012, Thursday // 10:35

Sofia Ranked Last in EU by Quality of Living

The Bulgarian capital Sofia is last among European Union capitals by the quality of living, according to the ranking of the American consulting company Mercer.

Society | December 6, 2012, Thursday // 10:01

Bulgaria's Fishermen, Bankers Honor St Nikolas

Bulgarian fishermen, sailors and bankers are celebrating on December 6 their common patron, Christian St Nicholas.

Society » Culture | December 6, 2012, Thursday // 08:09

Sports

Euro 2012 to Take Place All Over Europe - UEFA

The European Championship in 2020 will be staged in cities across the continent to spread the financial load of hosting the tournament, European football's governing body UEFA said on Thursday.

Sports | December 6, 2012, Thursday // 19:38

Crime

Mayor of Northwestern Bulgarian Town Faces Embezzlement, Malfeasance Charges

Zlatko Zhivkov, Mayor of the northwestern Bulgarian town of Montana, has been charged with malfeasance in office and embezzling receipts from municipal waste disposal fee.

Crime | December 6, 2012, Thursday // 19:29

Bulgarian Border Police Bust 20 Illegal Immigrants from Ivory Coast

Bulgaria's Border Police have arrested a total of 20 illegal immigrants who had crossed the border with Turkey overnight, the Interior Ministry announced.

Crime | December 6, 2012, Thursday // 13:03

Bulgarian Border Police Bust Illegal Immigrants from Algeria, Syria, Libya

Bulgarian border police officers have detained a total of five illegal immigrants trying to cross the border into Serbia apparently attempting to reach Western Europe.

Crime | December 6, 2012, Thursday // 12:59

Views on BG

*Julian Assange to EP on Bulgaria, Corruption, Cablegate

Julian Assange was asked to present at the European Parliament S&D party seminar on Corruption in member states of the European Union.

Views on BG | December 6, 2012, Thursday // 14:33

Romanians and Bulgarians Could Flock to UK, British MP Says

Philip Hollobone told MPs the number of migrants from the two countries who are in the UK could soar from 155,000 to 425,000 within two years and said it was a “disgrace” that the government was refusing to issue its own estimate.

Views on BG | December 6, 2012, Thursday // 13:10

World

Egypt Army Seals Off Presidential Palace as Protesters Remain

At least four tanks were deployed outside the Egyptian presidential palace in Cairo on Thursday after overnight clashes between supporters and opponents of President Mohamed Morsi.

World | December 6, 2012, Thursday // 20:52

Greece's Unemployment Hits Record 26%

Greece's unemployment rate has risen to a record high of 26% in September, as the country heads to a sixth year of recession, the Greek state statistics agency (ELSTAT) said on Thursday.

World | December 6, 2012, Thursday // 18:40

German Industry Enjoys Surge in Non-Euro Zone Exports

Industrial orders in Germany have reached their highest growth in two years largely thanks to a growing demand for German-made goods outside the euro area, new data showed on Thursday.

World | December 6, 2012, Thursday // 17:38

Germany Ready to Send Troops to Turkey-Syria Border

The German government has approved participation in a NATO mission to deploy Patriot missiles to help NATO member Turkey defend its border against Syria.

World | December 6, 2012, Thursday // 16:34

Uzbekistan Provides British RAF with Afghanistan Pullout Route

The Uzbek Senate has approved a deal allowing Britain's Royal Air Force to to use the country's airpsace to move its equipment out of Afghanistan north through Central Asia and Russia.

World | December 6, 2012, Thursday // 15:38

Obama, Merkel, Putin Top Forbes' 2012 Most Powerful List

US President Barack Obama tops again Forbes magazine's 2012 annual ranking of the world's most powerful people.

World | December 6, 2012, Thursday // 14:30

China, Russia Strike New Nuclear Power Plant Deal

Russia will build two new reactors at China's Tianwan nuclear power plant under an inter-governmental agreement signed on Thursday.

World | December 6, 2012, Thursday // 14:24

Pregnant Kate Middleton Discharged from Hospital

UK Prince William's pregnant wife Catherine left a London hospital on Thursday, four days after she was admitted for treatment for acute morning sickness.

World | December 6, 2012, Thursday // 13:30

Russian Journalist Killed for Doing His Job, Investigators Find

A journalist shot dead late on Wednesday in Nalchik, capital of the Russian republic of Kabardino-Balkaria, was likely targeted because of his "professional activities," Russian investigators said.

World | December 6, 2012, Thursday // 12:21

Egypt Army Deploys Tanks over Protests against President Morsi

The Egyptian army has deployed tanks and armoured troop carriers outside the presidential palace in Cairo after clashes between supporters and opponents of President Mohammed Morsi left five dead and hundreds injured.

World | December 6, 2012, Thursday // 12:15

Meager Turnout Mars Russian Opposition's Anti-Putin Anniversary Rally

Around a hundred opposition activists gathered in Moscow Wednesday night to mark the first anniversary of the rally that kick-started unprecedented mass protests against the rule of Russian leader Vladimir Putin.

World | December 6, 2012, Thursday // 10:16

Clashes over President Morsi Claim 6 Lives in Egypt

Six people have been killed and over 300 injured in clashes between supporters of Egyptian President Mohamed Morsi and opposition protesters in the capital Cairo, Egypt’s health authorities said on Thursday.

World | December 6, 2012, Thursday // 09:40
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