EU looking at shale gas to stay competitive
Sofia. EU leaders agreed Wednesday to face up to the challenge posed by the shale oil and gas revolution which has slashed US energy prices, undercutting Europe's competitive edge, the Standart daily reads. "All leaders are aware that sustainable and affordable energy is key to keeping factories and jobs in Europe," European President Herman Van Rompuy said. "Industry finds it hard to compete with foreign firms who pay half the price for electricity, like in the United States," Van Rompuy said at the close of an EU summit

UniCredit receives e-banking award
Sofia. UniCredit Bulbank received recognition at the first ever E-volution Awards of Forbes Bulgaria.

One killed in Brazil giant fuel depot blaze
Rio De Janeiro. One person was killed in a spectacular fire that broke out in a fuel depot on the northern edge of Rio de Janeiro and spread to nearby homes, officials said, as cited by AFP.