ARCHIVE - 25 June 2012

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Business

Cyprus Too Seeks Eurozone Bailout
China Ready for Large-Scale Investment Project in Bulgaria – Rightist Leader
Infrastructure Concessions to Attract Investments of BGN 1 B into Bulgaria
Bulgaria's Vivacom Ownership to Change Hands by End-2012 - Report
Bulgaria Starts Investor Meetings ahead of Eurobond Float
FIB Finds Investor for Bulgaria's Troubled Lead-Zinc Complex
Muslim Brotherhood May 'Draw' Russian Tourists to Bulgaria

Politics

Bulgaria Declares Support for Egypt Democracy
11 Countries Endorse Bulgaria's Gay Pride March
Ex Bulgarian Minister Becomes EU 'Digital Champ'
Bulgaria's Ombudsman: EU Monitoring for Corruption Here to Stay
Bulgarian Far-Rights Want Culture Min Axed over Speaking Turkish, Swearing
Libel Case against Bulgarian Interior Minister Stalls over Poor-Quality Evidence
Bulgaria's State Acquires Mutro-Baroque 'Jesus the Redeemer' Hotel

Society

'People's' Project S.G.A.N. Launched in Bulgaria
Petanque Tournament Brings Southern France's Spirit to Bulgaria
Bulgarian Mainstream Media Work as GERB PR - Study
'Anonymous' Snub Bulgarian TV for Distorted Eco Rallies Coverage
Bulgarian Lead-Zinc Complex Closure Threatens Eco Disaster

Sports

Bulgaria's Pironkova Wins Wimbledon Opener, to Face Sharapova
Bulgarian Champs to Face Dinamo Zagreb in Champions League Qualifier

Crime

Bulgarian Bank Car Thief Acted Alone - Official
Bulgarian Million-Leva Bank Car Thief Gets Online Support
Drunken Brit Kills Motor Rider in Bulgaria

World

World Marks 3 Years without Michael Jackson
Designated Greek Finance Minister Resigns
Kuwait Govt Resigns amid Crisis
Cyprus to Formally Request Bank Aid on Monday - Report
Fitch Cuts Cyprus Credit Rating to Junk
Spain Formally Requests Bailout
Egypt's President-Elect Morsi Calls for National Unity

Business

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.

Business | June 25, 2012, Monday // 20:58

China Ready for Large-Scale Investment Project in Bulgaria – Rightist Leader

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.

Business | June 25, 2012, Monday // 15:44

Infrastructure Concessions to Attract Investments of BGN 1 B into Bulgaria

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.

Business | June 25, 2012, Monday // 14:17

Bulgaria's Vivacom Ownership to Change Hands by End-2012 - Report

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.

Business | June 25, 2012, Monday // 12:26

Bulgaria Starts Investor Meetings ahead of Eurobond Float

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.

Business » Finance | June 25, 2012, Monday // 09:27

FIB Finds Investor for Bulgaria's Troubled Lead-Zinc Complex

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.

Business » Industry | June 25, 2012, Monday // 12:04

Muslim Brotherhood May 'Draw' Russian Tourists to Bulgaria

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.

Business » Tourism | June 25, 2012, Monday // 15:50

Politics

Bulgaria Declares Support for Egypt Democracy

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.

Politics » Diplomacy | June 25, 2012, Monday // 16:23

11 Countries Endorse Bulgaria's Gay Pride March

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.

Politics » Diplomacy | June 25, 2012, Monday // 15:10

Ex Bulgarian Minister Becomes EU 'Digital Champ'

Bulgaria's former EU Affairs Minister in the Three-Way Coalition cabinet, Gergana Passy, is nominated by the ruling GERB party as "digital champion.

Politics » Bulgaria in EU | June 25, 2012, Monday // 11:04

Bulgaria's Ombudsman: EU Monitoring for Corruption Here to Stay

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.

Politics » Bulgaria in EU | June 25, 2012, Monday // 10:02

Bulgarian Far-Rights Want Culture Min Axed over Speaking Turkish, Swearing

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.

Politics » Domestic | June 25, 2012, Monday // 17:55

Libel Case against Bulgarian Interior Minister Stalls over Poor-Quality Evidence

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.

Politics » Domestic | June 25, 2012, Monday // 17:42

Bulgaria's State Acquires Mutro-Baroque 'Jesus the Redeemer' Hotel

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.

Politics » Domestic | June 25, 2012, Monday // 08:54

Society

'People's' Project S.G.A.N. Launched in Bulgaria

A new project named S.G.A.N., aiming at waking up Bulgarian people, making them more critical and active, was announced Monday.

Society | June 25, 2012, Monday // 15:12

Petanque Tournament Brings Southern France's Spirit to Bulgaria

A petanque tournament has been organized in the Bulgarian capital Sofia by the French-Bulgarian Chamber of Commerce.

Society | June 25, 2012, Monday // 13:55

Bulgarian Mainstream Media Work as GERB PR - Study

Prime Minister, Boyko Borisov, remains the most mentioned name in mainstream media, presented largely in positive light.

Society | June 25, 2012, Monday // 13:51

'Anonymous' Snub Bulgarian TV for Distorted Eco Rallies Coverage

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.

Society | June 25, 2012, Monday // 12:46

Bulgarian Lead-Zinc Complex Closure Threatens Eco Disaster

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.

Society » Environment | June 25, 2012, Monday // 12:42

Sports

Bulgaria's Pironkova Wins Wimbledon Opener, to Face Sharapova

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.

Sports | June 25, 2012, Monday // 19:25

Bulgarian Champs to Face Dinamo Zagreb in Champions League Qualifier

Surprising Bulgarian football champions Ludogorets Razgrad have drawn a tough opponent in the second qualifying round of the UEFA Champions League.

Sports | June 25, 2012, Monday // 14:28

Crime

Bulgarian Bank Car Thief Acted Alone - Official

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.

Crime | June 25, 2012, Monday // 18:47

Bulgarian Million-Leva Bank Car Thief Gets Online Support

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.

Crime | June 25, 2012, Monday // 18:13

Drunken Brit Kills Motor Rider in Bulgaria

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.

Crime | June 25, 2012, Monday // 11:06

World

World Marks 3 Years without Michael Jackson

Monday marks the third anniversary of the tragic death of one of the most prominent musicians – Michael Jackson, the King of Pop.

World | June 25, 2012, Monday // 20:28

Designated Greek Finance Minister Resigns

Greece's designated Finance Minister Vassilos Rapanos has stepped down after being ill in hospital for several days.

World | June 25, 2012, Monday // 19:51

Kuwait Govt Resigns amid Crisis

The government of Kuwait has resigned amid a political crisis, international media report.

World | June 25, 2012, Monday // 17:07

Cyprus to Formally Request Bank Aid on Monday - 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.

World | June 25, 2012, Monday // 16:35

Fitch Cuts Cyprus Credit Rating to Junk

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.

World | June 25, 2012, Monday // 15:50

Spain Formally Requests Bailout

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.

World | June 25, 2012, Monday // 15:17

Egypt's President-Elect Morsi Calls for National Unity

The Muslim Brotherhood's Mohammed Morsi has called for national unity following his victory in Egypt's presidential elections.

World | June 25, 2012, Monday // 07:58
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