ICBC ready to finance Bulgarian project
Industrial and Commercial Bank of China, the country’s biggest lender by assets, is ready to finance a Bulgarian nuclear power project, Bulgaria’s government said on Wednesday. The Balkan country plans to privatise the Belene project on the Danube River after it paid more than 600 million euros ($637 million) in compensation to Russia’s state nuclear giant Rosatom following the cancellation of the project. An international arbitration court ruled in June that Bulgaria should pay the compensation for nuclear equipment it ordered from Russia’s Rosatom before cancelling the 10 billion euro project in 2012. Note 7 cellphones have yet to be recalled in Vietnam, said Vietnam’s Competition Authority. The authority said a total of 12,633 Note 7 products had to be recalled across the country due to a battery fault that might cause fires or explosions. So far, the South Korean manufacturer recalled and refunded 12,140 products from Oct 18 to Nov 18. In a recent report sent to the competition watchdog, Samsung Electronics Vietnam said it would continue to recall the remaining 493 products until Dec 31, at four centers nationwide. in Honeywell’s EGPWS. Honeywell said that they are the first company to obtain non-English-language approval for alerts in helicopter cockpits. my’s expected growth potential in the coming years, it added. For 2017, Estonia’s economic growth is forecast at 2.6 percent, a 0.3-percentage-point decrease from its June forecast.