EC lifting the shale moratorium
Sofia. Last year the European Parliament (EP) adopted two resolutions providing each EU member state with the opportunity to decide on whether to use fracking or not independently, energy expert Prof. Nina Dyulgerova told the Reporter daily. According to her the idea of common EU regulations proposed by the European Commission (EC) is in complete dissonance with the decisions of the EP. The intentions declared by the EU Commissioner for Energy Günther Oettinger are due to political pressure by multinational corporati

Austrian Meinl Bank to open Bulgarian branch soon
Sofia. Austrian Meinl Bank is preparing to open its Bulgarian branch. The Oesterreichische Nationalbank (OeNB) has granted its permission to the crediting institution in the beginning of May, 2013, Milen Keremedchiev, Director of the commercial representation of Meinl Bank in Sofia and future Executive Director of the bank’s branch told the Capital Daily. So far, the bank’s representation in Sofia has carried out several deals worth EUR 2-3 million with financing provided by the Vianna parent institution, he added.

Daily Telegraph: UK exit from EU would be 'loss/loss scenario', warns Goldman Sachs
London. There would be no winners and only economic losers if the UK quit the European Union, Goldman Sachs has warned in a note. Kevin Daly, part of the investment bank’s economic team, has concluded that a British departure from the EU would result in a “loss/loss scenario” in which both the UK and the rest of the bloc would be damaged, the Daily Telegraph reads.