Bulgaria's jobless rate rose to 10% in November from 9.6% in the previous month, the labour ministry said on Wednesday. The number of registered unemployed Bulgarians in November rose by 13,152 people to 327,270 from October as demand for seasonal workers declined and economy slowed. There were 8,700 fewer unemployed in November of last year
More
Almost a quarter of the European Union's 500 mln people have never used the Internet and there is a widening division between the web-savvy north of Europe and the poorer south and east, figures released on Wednesday showed. More than half the population of Romania and just under half of those in Bulgaria, Greece, Cyprus
More
Three gambling groups have expressed interest in buying Greece's state lotteries, the privatisation agency said late on Tuesday, in a sign that the Athens government's stumbling asset sales programme may be making some progress. Some of the world's biggest gaming majors teamed up to consider a bid, including Lottomatica, Scientific Games and Intralot. The consortium
More
Germany's economy could lose momentum over winter and will grow just 0.4% next year, the Ifo institute said on Wednesday, as uncertainty over the euro zone crisis and a global economic slowdown prompts firms to invest less and weighs on exports. This was just half the 0.8% growth Ifo had forecast for 2012 together with
More
Europe can emerge stronger from its debt crisis if governments show patience and follow through on their plan to integrate their economies, German Chancellor Angela Merkel said in a speech in parliament on Wednesday. "I am convinced that if we have the necessary patience and endurance, if we do not let reversals get us down,
More
From the Arab Spring to the Occupy Wall Street movement, "The Protester" was named Time magazine's 2011 Person of the Year on Wednesday. Time defines the Person of the Year as someone who, for better or for worse, influences the events of the year. "Is there a global tipping point for frustration? Everywhere, it seems,
More
The Cyprus president’s siblings, Christina and Christos Christofias, were caught on camera by the daily Phileleftheros (far right and far left of photo) as leading the demonstration in front of parliament on Tuesday opposing the austerity measures tabled by their father, Demetris Christofias. The two main unions, communist Peo and centre-right Sek, as well as
More
Greece's largest lender National Bank will seek shareholder approval on December 22 for an issue of preferred shares to the state, raising up to 1.0 bln euros to boost its liquidity and capital adequacy, an official at the bank said on Tuesday. The group is making use of a law introduced in 2008 to help
More
A number of reservations raised by the reinsurers in London seem to have been lifted and the Electricity Authority of Cyprus should receive its first payment of 10 mln euros towards repair costs for the damaged units at Vassiliko that were partly or fully destroyed in the July 11 blast that plunged the island into
More
Dynamic Works, a leading provider in Web, Intranet, Extranet, CRM (Customer Relationship Management) and business management solutions across an ever growing range of industry segments, announced that it has been formally awarded the ISO 27001:2005 by one of the top certification bodies in the world, NQA. This means the company has been independently certified and
More