Month: April 2008

Hertz expands in the United Arab Emirates

Hertz UAE, which is forging ahead with an AED60 million expansion of its car rental and leasing operation this year, has appointed a new General Manager. With 14 years experience in the leasing industry, Nigel Johnson recently relocated to Dubai from the UK to take charge of the ongoing expansion of the Hertz fleet of… Read more »

Hilton to bring business to Ras Al Khaimah

The latest Hilton is the Ras Al Khaimah Resort and Spa with 151 deluxe villa suites which are already opened and by the summer the rest of the resort will be fully open for business. The new hotel is currently serving the business and leisure market which is booming in Ras Al Khaimah at the… Read more »

Ras Al Khaimah to require more water transport

The Workboats Middle East exhibition 2008 has highlighted the growing demand for water transport. Waterfront developments such as Dubai's Palms and Ras Al Khaimah’s Al Marjan Island are set to turn the region into the world's biggest market for water buses and small passenger ferries. Regional demand for fast water vessels carrying between eight and… Read more »

Bulgaria’s Economic Growth to Remain among Highest in EU

Bulgaria's economic growth will remain among the highest in the EU in the following year according to the prognosis of the European Commission. With a growth projection of 5.8% in 2008, and 5.6% in 2009, the Bulgaria economy will remain one of the fastest-growing. The Commission expects, however, that the growth in the entire EU… Read more »

Bulgaria to Be Stability Factor in the Balkans

The Bulgarian Justice Minister is attending a forum of the Justice and Interior Ministers of the states from the Southeast Europe Cooperation Process in the Bulgarian capital Sofia. Speaking at the forum the minister stated that Bulgaria was going to continue to be a stability factor in the Balkans, and that as an EU member… Read more »

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… Read more »

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… Read more »

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… Read more »