Technology

Banks will supply client account data to US tax authorities

BELGRADE - Commercial banks in Serbia have started requesting from their clients to allow their account information to be provided to the US tax authorities, which will soon become an obligation stemming from an international agreement expected to be adopted soon, the National Bank of Serbia (NBS) said on Monday.

KozloduyNPP Unit7 Agreement Sets No Financial Commitments for Bulgaria

The shareholder agreement with Westinghouse on Kozloduy NPP unit7 does not tie Bulgaria to any requirements for investments, state guarantees or mandatory purchase contracts.

The company issued a statement to shed light on the agreement, which was published on the website of the Kozloduy N-plant on Friday.

Turkey now has two presidents (on Twitter)

Turkey now has two presidents, at least on Twitter.

Prime Minister Recep Tayyip Erdoğan, who was elected as president in the first round of elections on Aug. 10, has updated his Twitter bio to describe himself as “President of the Republic of Turkey,” and also tweeted to thank “the beloved nation” for electing him.

Bulgaria's Flood-Stricken Mizia Suffers from Water Shortage

The town of Mizia, where low-lying parts are still under water after last week's flash flood, is already facing scarcity of drinking water, authorities warn.

Drainage is being carried out for a seventh consecutive day in the town, and special pumps are used to take away water and mire, as Mizia's own drainage system is clogged with mud, alongside streets, yards and houses.

Tender for oil drilling targets sector’s giants

The international tender issued by the government last week for oil drilling in 20 areas in the Ionian Sea, Western Greece and off Crete, contains terms that can only be met by very large oil companies. Environment and Energy Ministry officials confirmed that these terms result from a targeted strategy to attract oil giants, mainly dictated by the great depths of the areas to be drilled.

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