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Indonesian President Joko Widodo said that the location of the country's new capital is already chosen, Reuters reported.
It is an area between the regions of Kutai Kartanegara and North Penajam Paser, near the port city of Balikpapan, a two-hour flight from Jakarta, Mr Widodo said.
Widodo specified that the relocation of the capital will cost 466 trillion rupees ($ 32.79 billion), of which the state will finance 19 percent and the rest will come from private investment and public-private partnerships, as well as state-owned enterprises, BTA informs.
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Indonesia is grappling with a mounting crisis as rescue teams mobilize to evacuate thousands of people following a series of volcanic eruptions that have rattled the region
As Sofia marks 145 years since its declaration as the capital of Bulgaria, the capital municipality is abuzz with celebrations commemorating this historic milestone
Eleven climbers have been found dead after Indonesia's Merapi volcano erupted, an official said,
With a free concert, exhibitions and initiatives with free entry, the capital will welcome today's holiday
A 7.0-magnitude earthquake was registered in the sea north of the Indonesian island of Java
A 32-year-old woman was found murdered last night in the Bulgarian capital, after being declared missing for several days
Amid escalating tensions on its borders and a significant increase in the Ministry of National Defense budget, Romania is discreetly preparing for the reintroduction of compulsory military service
Defense Minister Sergei Shoigu announced today that Russia will escalate strikes on Ukrainian storage bases housing weapons supplied by Western nations
In a move aimed at bolstering its military forces amid the ongoing war with Russia, Ukraine has announced the suspension of consular services for its male citizens eligible for military service and residing abroad
A high-profile scandal rocks Ukraine's political landscape as Mykola Solskyi, Minister of Agrarian Policy and Food and former Chairman of the Parliamentary Committee on Agriculture, faces allegations of involvement in an organized criminal group orchestra
A dire situation looms over European airspace as thousands of passenger planes, predominantly ferrying tourists, find themselves ensnared in a perilous web of Russian jamming attacks, leaving them disoriented and vulnerable mid-flight.
Bulgaria holds the 15th spot worldwide in terms of average salaries for individuals engaged in freelance professions, boasting an average wage of $148
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
