ICBC ready to fi­nance Bul­gar­ian pro­ject

China Daily (Hong Kong) - - BUSINESS -

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.

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