German Minister: A New Financial Crisis Poses a Threat to the World Economy
The world economy is facing the risk of a new financial crisis, warned German Finance Minister Wolfgang Schauble, quoted by the electronic edition Politico.
SSL International Plc, the manufacturer of Durex condoms, will boost its presence in eastern Europe just as the region's economic meltdown turns investors away, Chief Executive Officer Garry Watts announced, as cited by Bloomberg agency.
The U.K. maker of Durex and Contex brands plans to raise its stake in a unit that distributes contraceptives in Russia and nine other eastern European countries to 50 percent by April and expects to take full ownership by 2010, Watts said.
"Russian people aren't going to stop having sex any more than British people are," Watts, 52, said in an interview in London. "We're not immune from the downturn, but it's a bit like Pizza Hut: If you're not going out, then you might be willing to drop a five-pound vibrator ring into your trolley."
About 90 percent of newly reported HIV cases in Eastern Europe and Central Asia were in Russia and the Ukraine in 2006, according to a UNAIDS report.
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According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June
The Bulgarian National Bank (BNB) has initiated a trial minting process for 8 million euro coins, as announced by BNB Governor Dimitar Radev during a conference on the euro's introduction
A recent national survey conducted by the Market Links agency reveals that nearly half of Bulgarians, constituting 47% of respondents, hold reservations regarding the anticipated benefits of Bulgaria's adoption of the euro
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations
A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU