Adriatic Sea News
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Croatia, which is set to join the European Union in July, is in talks with Exxon Mobil Co., ConocoPhillips and General Electric Co. on investment in oil and gas exploration in the Adriatic Sea.
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Slovenian companies are testing the debt appetite of investors by selling commercial paper as local banks choke on non-performing loans and threaten to pull the country into the euro area’s sixth bailout.
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Nova Ljubljanska Banka d.d., Slovenia’s largest lender, needs less fresh capital than the 1 billion euros ($1.3 billion) estimated by Fitch Ratings, Chief Executive Officer Janko Medja said.
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There’s little evidence of Slovenia’s communist past, save for a few statues of former Balkan strongman Josip Broz Tito. And its banking industry.
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Peter Munk , the chairman of gold producer Barrick Gold Corp. , wants to triple the number of berths at a former Soviet-era naval port on the Adriatic Sea as he converts the marina into a resort for the world’s wealthiest.
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Croatia’s economy contracted for a fifth quarter as personal consumption, investment and industrial production declined because of Europe’s debt crisis.
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Croatia plans to offer the bay of Kupari near Dubrovnik, its most-visited Adriatic Sea resort, for development, with a value of as much as 250 million euros ($318 million).
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Seven years after a group of investors represented by Barclays Plc and Equity Trust (Jersey) Ltd. bought land for building on Croatia’s coast, their plan to build 26 villas in the hills above Dubrovnik remains on hold.
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The U.S. Air Force said search efforts are under way for the pilot of an F-16 after Aviano Air Base in Italy lost contact with the fighter jet, the service said.
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In many cultures, black cats are viewed as evil omens, especially if they cross your path from right to left. For the Pilgrim Fathers, they were incarnations of the Devil.
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