Russia Prompt to Pay-Off Bulgarian Debt
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Business: 14 January 2005, Friday. Russia is ready to pay off its USD 24.5 M debt to Bulgaria, half of which has been negotiated in military supplies and equipment to the Balkan country, Russian Ambassador to ...
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Bulgaria, which is expected to join the European Union in 2007, needs a total of leva 2.4 billion ($1.64 billion) to complete its net of waste water treatment stations, an official said Sunday.
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Politics: 6 November 2004, Saturday. Bulgaria might allot an extra BGN 100 M (approx EUR 50 M) for education next year, according to the finance minister.
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Russian state bank accounts held in France are frozen as a Swiss firm demands that Russia repay debts.
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Embattled Russian oil giant Yukos is to ask the buyer of its former production unit to pay back a $900m loan.
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"The indemnities are financed by international contributions in the form of debt remission"  Several eastern European countries would forgive Libyan debt dating back to the Cold War under a proposal to compensate families whose children were allegedly infected with the AIDS virus by five Bulgarian nurses and a Palestinian doctor, a victims' advocate said Saturday.The six foreign medics have been sentenced to death in the case, and Libyan officials have said a settlement could pave the way for their release.Jailed since 1999, the six deny having infected more than 400 children and say their confessions were extracted under torture. Experts and outside scientific reports have said the children were contaminated as a result of unhygienic conditions at a hospital in the northeastern coastal city of Benghazi. Fifty of the infected children died. Read more
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Russia said on Friday it hoped to restore normal relations with Britain following tit-for-tat expulsions of diplomats this week, but business leaders said commercial ties could suffer.
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Politics: 9 December 2004, Thursday. The families of the Libyan children infected with HIV demand that Bulgaria pays EUR 10 M to each of them, the head of the association of these families announced Thursday.
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Bulgaria's gross external debt on last Sept. 30 increased to EUR12 billion from EUR10.47 billion on last Dec.
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Russian tax officials are reportedly asking for tax arrears of  $87.5m from oil firm TNK-BP, which is half-owned by UK oil giant BP.
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Russia could make early repayment next year of up to $10bn worth of its $48bn of foreign debt to the Paris Club of sovereign lenders, Alexei Kudrin, finance minister, announced on Monday.
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Russia&#39;s prime minister pledged Friday his country would meet its oil export obligations to China, the Interfax news service said.
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The deal whereby Russia was to repay its debts to Paris Club creditors has been postponed for an uncertain period of time.
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Russia's Gazprom says some gas supplies to Ukraine will be cut from Tuesday if a $1.5bn debt is not settled.
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Russia has agreed to write off $12bn (Â£6bn) of Iraqi debt built up by the Saddam Hussein regime.
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Russian officials demanded up to $10 billion in additional taxes from Yukos and its soon-to-be-sold main unit on Monday, pushing the debts of Russia&#39;s embattled No.
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President Vladimir Putin told the chief of the International Monetary Fund on Thursday that Russia may pay off portions of its international debt earlier than initially planned. The IMF head, meanwhile, urged Putin to push ahead with reforms and rein in inflation while Russia's economy enjoys an oil-fueled economic boom.