Cyprus Too Seeks Eurozone Bailout
Cyprus has told the European authorities that it intends to apply for financial assistance, becoming the fifth Eurozone country to seek an international bailout.
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Cyprus has told the European authorities that it intends to apply for financial assistance, becoming the fifth Eurozone country to seek an international bailout.
Ivan Kostov, leader of the Democrats for Strong Bulgaria (DSB) party, has argued that a successful concession procedure conducted by the authorities could attract an investor that could bring about a five-fold increase in cargo turnover at the Varna port.
Bulgarian Transport Minister Ivaylo Moskovski has cited preliminary estimations indicating that a total of 10 infrastructure sites granted under concession are expected to bring investments amounting to BGN 1 B into the country.
The creditors of Bulgaria's incumbent telco BTC, which operates under the brand name Vivacom, may be expected to sell the company by the end of the year, according to insiders.
Bulgaria starts on June 25 a series of investor meetings across Europe ahead of the eurobond issue that the country plans to float this year, one of the banks organizing the meetings said.
First Investment Bank, FIB, has been able to find a private investor for Bulgaria's troubled largest producer of non-ferrous metals, the Lead and Zinc Complex (LZC; OTZK) in the southern city of Kardzhali.
The victory of Muslim Brotherhood candidate Mohamed Morsi in Egypt's presidential elections may prove beneficial for Bulgaria, Greece and Turkey in terms of Russian tourists, according to Russian media.
The election of Mohamed Morsi as Egypt's first civilian President shows the the Egyptian people's desire for change and their support for democratic reforms, according to Bulgarian Foreign Minister Nikolay Mladenov.
The Ambassadors of eleven countries have issued a joint statement declaring their support for the upcoming Sofia Pride March that is to take place in the Bulgarian capital on June 30.
Bulgaria's former EU Affairs Minister in the Three-Way Coalition cabinet, Gergana Passy, is nominated by the ruling GERB party as "digital champion.
Bulgaria's ombudsman has fueled fears that the European Commission is about to issue a crushingly critical report over the country's alleged failure to reform its courts, reduce corruption, and fight organized crime.
Bulgarian far-right Ataka (Attack) party wants Culture Minister Vezhdi Rashidov to be fired, since he allegedly "spoke Turkish and swore" during a meeting with representatives of the Bulgarian and Turkish film industries.
The Plovdiv Regional Court has postponed the libel trial initiated by Judge Miroslava Todorova against Interior Minister Tsvetan Tsvetanov for September 18 due to the poor quality of a video recording.
A hotel, best known for its awkward, mutro-baroque replica of Rio de Janeiro's icon – Christ the Redeemer, overlooking Bulgaria's second-biggest city of Plovdiv, has been taken over by the state.
A new project named S.G.A.N., aiming at waking up Bulgarian people, making them more critical and active, was announced Monday.
A petanque tournament has been organized in the Bulgarian capital Sofia by the French-Bulgarian Chamber of Commerce.
Prime Minister, Boyko Borisov, remains the most mentioned name in mainstream media, presented largely in positive light.
The Anonymous hacktivist group has warned private Bulgarian TV channel bTV to offe a public apology for the "insinuations and manipulations" in their coverage of certain events, most notably, the protest against the controversial Forestry Act amendments.
Workers from Bulgaria's troubled largest producer of non-ferrous metals, the Lead and Zinc Complex (LZC; OTZK) in the southern city of Kardzhali have decided to not quit but rather seek their overdue salaries through the Court.
Bulgaria's top-rated female tennis player, Tsvetana Pironkova, advanced to the second round of the Wimbledon Grand Slam tournament, as she defeated Russian-born Serbian Vesna Dolonts 5:7, 6:0, 7:5.
Surprising Bulgarian football champions Ludogorets Razgrad have drawn a tough opponent in the second qualifying round of the UEFA Champions League.
The Bulgarian driver of a bank car transporting cash, who disappeared with a total of BGN 1.6 M, has acted alone, according to Plovdiv Prosecutor's Office spokesman Galin Gavrilov.
Internet forums in Bulgaria are overflowing with messages of support and encouragement for the wanted driver of a bank car transporting cash, who vanished into thin air, along with BGN 1.6 M.
A 37-year-old Bulgarian motorcyclist has died after being hit by a British citizen, driving a jeep under the influence of alcohol, police said.
Monday marks the third anniversary of the tragic death of one of the most prominent musicians – Michael Jackson, the King of Pop.
Greece's designated Finance Minister Vassilos Rapanos has stepped down after being ill in hospital for several days.
The government of Kuwait has resigned amid a political crisis, international media report.
Cyprus is just about to formally ask for a bailout loan from its eurozone partners to shore up its banks, insiders said on Monday.
Cyprus's credit rating has been cut to junk status by Fitch over fears the country could require a eurozone bailout for its troubled banks.
Spain has formally requested a bailout loan from its eurozone partners for up to EUR 62 B in financial aid for its troubled banking sector.
The Muslim Brotherhood's Mohammed Morsi has called for national unity following his victory in Egypt's presidential elections.
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