Bulgaria the cheapest country in the Balkans and EU
The EU statistical authority Eurostat named Bulgaria as the cheapest country in the West Balkans and the EU in its latest research. The research draws on 2006 statistical data provided by the National Statistical Institute. Eurostat gauges prices with an index and Bulgaria’s prices are on a par with those in Serbia and Macedonia. In [...]
Kovalainen plans to race in Turkey despite crash
Heikki Kovalainen was hospitalized after a high-speed crash at the Spanish Grand Prix at the weekend but he still plans to race in Turkey on May 11th. The McLaren driver was travelling at 240 km/h when his car went off the track and slammed into the protective wall. Although briefly unconscious, he was taken by [...]
Turkish law amended on Free Speech to advance EU bid
The parliament in Turkey has altered a law to ease curbs on freedom of speech, in an attempt to advance the nation's bid for European Union membership. The assembly in Ankara approved the changes to article 301 of the penal code, which has drawn criticism from the EU as hundreds of people were prosecuted for [...]
Turkey launch power grid auctions
Turkey's Privatisation Administration will launch sale tenders for two electricity distribution networks. Turkey plans the sell offs to finance a large current account gap and the sales are expected to bring in foreign direct investment. The launch of the two new tenders, coupled with the sale of two other grids launched last week, marks acceleration [...]
Dubai airport could save $57 million a year while becoming greener
New air conditioning technology developed in the United Arab Emirates could save Dubai Airport at least $57 million a year, and airlines like Emirates $31 million annually, by using electricity instead of fuel to cool aircrafts on the ground. In addition to the huge savings it will also be more environmentally friendly and reduce noise [...]