Friday 19 September 2014
 
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Bulgaria

Omani fund to present Bulgarian bank rescue plan

Bulgaria's central bank has asked the two biggest shareholders of troubled Corporate Commercial Bank (Corpbank) - Bulgarian company Bromak and Oman's sovereign wealth fund - to present plans for the bank's rescue by the end of this m

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Oman fund in Bulgaria bank rescue talks

Oman's sovereign wealth fund held talks with the Bulgarian government and central bank on Tuesday about recapitalising Corporate Commercial Bank (Corpbank) , Oman's honorary consul in Sofia told Reuters. His comment was th

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Delta Partners to invest $25m into Cash Credit

Dubai-based Delta Partners Emerging Markets TMT Growth Fund II is set to invest up to $25 million into Cash Credit and its affiliates, a Bulgaria-based provider of micro-financial services via mobile operators. Cash Credit, which

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Qatar plans big investment in Bulgaria

Qatar will deposit $200 million at the Bulgarian Central bank as a guarantee it is serious about investing in the Balkan country, said the Prime Minister Sheikh Hamad Bin Jassim al-Thani. 'Today we agreed to deposit $200 million as a p

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Qatar Airways launches debut Bulgaria flight

Qatar Airways has launched its maiden service to Bulgaria with a Doha-Sofia flight, raising the airline’s European network to 26 cities. Flight QR943 arrived at Sofia International Airport to a water salute and welcome ceremony yesterday (

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Chevron set to explore shale gas deposits

Chevron, the number two US oil company, has won a tender to explore shale gas deposits in northeastern Bulgaria, Economy and Energy Minister Traicho Traikov said. "Chevron, which won the tender, offered the government a 30 million euro ($4

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Qatar-Bulgaria in LNG delivery talks

Bulgaria and Qatar have signed a confidentiality deal paving the way for talks on LNG deliveries from the Gulf country, state gas company Bulgargaz said, as Sofia seeks to cut dependence on Russian gas. Qatar is the world's largest liq

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Oman, UK firm plan $1.1bn Bulgarian resort

Oman's government investment arm and a unit of Britain's Equest Investment Balkans are building an 800 million euro ($1.1 billion) ski resort in Bulgaria, an Omani government official said on Sunday. 'State General Reserve Fund

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Bulgarian beats Egypt minister for Unesco seat

Egyptian Culture Minister Farouk Hosni, who said last year he was ready to burn Israeli books, has failed to become the next head of the UN culture and education body, losing out to a Bulgarian diplomat. Irina Gueorguieva Bokova, a former

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Egyptian loses Unesco vote to Bulgarian

Egyptian Culture Minister Farouk Hosni, who said last year he was ready to burn Israeli books, has failed to become the next head of the UN culture and education body, losing out to a Bulgarian diplomat. Irina Gueorguieva Bokova, a former

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