Wed, May 22 2013
Households in Bulgaria will seek alternative sources of energy if the electricity price goes up, according to a poll by the Institute for Economic Research at the Bulgarian Academy of Sciences.
The ambassador’s residence was chosen as one of 11 US ambassadorial residences in Europe to undergo an energy efficiency makeover as part of the energy efficiency sweep across Europe.
The solar park will be financed with a 48 million euro loan from Societe Generale Expressbank, the bank said on November 16 2011.
The facilities, owned by Bulgarian company Minstroy Holding, have a combined capacity of 8.8 MWp.
No comparative figures for 2010 are available because the company has recently separated its operations from the energy business of silica sand maker Kaolin.
Global investment in green energy rose by 32 per cent in 2010, driven largely by wind farms in China and small-scale solar panels on rooftops in Europe.
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.