Wed, May 22 2013
Genov’s resignation on August 24 2009 was telegraphed some days ago after a fallout with Energy Minister Traicho Traikov about Traikov’s allegation that Kozloduy had sold power on the open market on terms disadvantageous to the nuclear power station.
The European Commission (EC) had not received any request from Bulgaria to restart units 3 and 4 of the Kozloduy nuclear power plant (NPP), Eurocommissioner Meglena Kouneva was quoted as saying by Focos news agency on December 7. A day earlier, Bulgarian president Georgi Purvanov had said the two units were needed to cope with the crisis that resulted from the cutting off of Russian natural gas supplies on December 5.
Bulgarian Prime Minister Sergei Stanishev reiterated on February 1 his support for restarting units 3 and 4 of the Kozloduy nuclear power plant (NPP), which Bulgaria had to disconnect from its power grid before joining the EU in January 2007. "I will not give up fighting for this cause, using all possible means, but without isolating Bulgaria from the other EU member states," Stanishev told Parliament, as quoted by state radio BNR, during a scheduled question-and-answer session, when lawmakers are given the opportunity to quiz ministers.
The option to postpone the due date was contingent on securing 55 million euro for immediate repayment of the amounts loaned by Belgium's Dexia and Japanese bank Mizuho.
The Eurostat data agency said that unemployment reached 10.9 per cent in March, up from 10.8 per cent in February. The March figure translates to 17.4 million people unemployed in the euro zone.
Citing three separate sources familiar with the deal, Capital Daily reports that the creditors found offers submitted by three bidders unsatisfactory.
Eurobank EFG is left with a 30 per cent stake in the merged entity but has said it will exercise its put option on the remaining holding.
The narrow focus of many euro zone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe, said the Director of the ILO Institute for International Labour Studies and lead author of the report, Raymond Torres.