Bulgaria Reluctant to Write Off Iraqi Debt
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Bulgaria is reluctant to write off a US$1.7 billion (euro1.3 billion) debt it is owed by Iraq, despite mounting international pressure on Iraq&#39;s creditors to agree on substantial debt reduction, officials said Monday.
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The US has written off on Friday all of its $4.1bn in Iraqi debt and called on other nations to follow suit. At a ceremony in Washington to mark the move, US Secretary of State Colin Powell hailed the move
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The United States has erased over $ 4 billion of Iraqi foreign debt. It is also urging all other nations to join the effort to cancel the debt racked up under former Iraqi leader Saddam Hussein.
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Russia has not agreed to a German-US proposal that would forgive up to 80 percent of Iraq&#39;s foreign debt, according to German Finance Minister Hans Eichel.
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The Bulgarian government fears that a failure to end gang wars and reform an inefficient justice system will sink the country's hopes of joining the European Union in 2007, a minister acknowledged Tuesday.
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Politics: 17 October 2004, Sunday. Bulgarian Defense Minister Nikolay Svinarov is expected to sign Wednesday the order for redeploying Bulgarian contingent from Karbala to Diwaniya in Iraq after the official ...
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Iraq cleared around &#36;81 million in debt it owed the International Monetary Fund late last week, fund sources said on Monday, opening the way for the first aid to flow from the global lender to Iraq.
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The EU tells Romania and Bulgaria their fight against corruption is not yet showing convincing results.
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As a result of talks the Paris Club has arrived at a consolidated decision to write off 80 per cent of Iraq&#39;s debt, Russian Finance Minister Aleksey Kudrin told journalists on Sunday [21 November].
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Prime Minister Paul Martin won't commit to sending troops to help rebuild Iraq despite growing pressure on world leaders to do more for the war-torn country.
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Bulgarian President Georgi Purvanov has expressed his opposition to redeployment of his country's troops from Iraq's Karbala to Najaf, local media reported Saturday.
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China announced with great flourish this week that it is forgiving debt owed by Iraq. But with the Iraqi president set to hold talks Friday with the Chinese premier, it was still unclear how much debt has been written off.
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Bulgarian Defense Minister Nikolai Svinarov has accused the Polish command in Iraq of failing to consult him on a plan to redeploy the Bulgarian troops stationed at Karbala, the Bulgarian daily 24 Hours ...
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Russia will slash at least $9.5 billion of Iraq&#39;s debt to Moscow, Interfax news agency reported Monday. Iraq&#39;s debt to Russia will be reduced to $700 million to $1 billion
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Bulgaria's President Georgi Parvanov on Tuesday sought to convince visiting Greek businessmen that his country poses no political risk to investors.
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Bulgaria may reduce by two-thirds its 450-strong infantry battalion in Iraq after general elections in the Arab country due next month, a report said Sunday.
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The Paris Club of creditor nations on Saturday was debating a plan to write off as much as 80 percent of the debts Iraq owes them, a key step