Technology assessment

Stricter rules for loan issues

New loan issues by local lenders will become harder from January as they must adhere to strict risk assessment criteria. Meanwhile Morgan Stanley has warned that the price Greek banks will pay for slashing their bad loans will be major reductions in their stock values.

Bulgaria MPs Required to Submit Only Laws with Impact Assessment

Bulgarian lawmakers on Thursday agreed to procedural rules barring them from submitting bills that have no environmental impact assessment.

In case the draft legislation does not contain such assessment, it will not be sent to parliamentary committees and will therefore not make it further to Parliament's floor.

Oil and Gas Explorations at Vranino Halted, Await Court Ruling

At present no exploration works are being carried out at the Vranino field in northeastern Bulgaria, as the verdict of the Supreme Administrative Court (VAS) is awaited.
This was announced by the Minister of Environment and Water Ivelina Vasileva in a response to a question posed to her in Parliament on Friday, electronic daily Dnevnik reports.

Istanbul airport contractor gets new setback on coal plant project

Cengiz Construction is facing its second setback in a week after its project to build a coal plant on the shore of the Marmara Sea was suspended by a local administrative court, on the grounds that the assessment regarding the environmental impact of the facility was inadequate.