Crisis in Bulgaria: slight decrease and difficult loans

Growth of the economy next year will be 4.7 percent said the government. Some economists prognosticate, it will be below 4 percent, others believe the opposite - that it would remain high as this year's. Clash also in the forecast for extra 2 marks - a rise in unemployment and

2/3 from the Bulgarian banks with growth in earnings

In the background of loses in the world financial sector, banks in Bulgaria make high profits. That is shown in the reports of the credit institutions from the end of September 2008, published in the website of the Bulgarian National Bank. 2/3 from the Bulgarian banks declare a

30M euro open-air mall planned for Bourgas

Developer ZBS plans to begin construction on the first open-air mall in Bulgaria in March 2009. The investment in the new shopping centre is estimated at 30 million euro.The Strand mall would be built on a six ha plot near the highway to Sofia, next to a Baumax hypermarket,

Super Borovets to apply for eco certificate

The main investor in the new Super Borovets mega ski resort is to apply for an EMAS (Eco-Management and Audit Scheme) eco certificate which guarantees that all work, products and services will be done in accordance with the highest European eco standards. The Eco-Management and

Property market in Sofia remain stable

Despite credit crisis, the large influx of people play each year to the Bulgarian capital Sofia, maintain high demand for housing in the city. New homes remain the most sought this year after them are ordered panel housing and large-area shuttering, data supplied by real estate

100% of the areas in Mall Plovdiv are already rented out

The new Mall Plovdiv managed to let all its trade areas out and on the first day of opening it will be full.The fast renting of all 110 trade areas brings calmness and makes the team to feel well and continues working on the other two mall projects in Bulgaria – Mall Stara

Second building in Business park Varna is opening

Building A2 in the business park in Varna got permission and is ready for use, said the investors from Fair Play Commercial. The additional financing of the project is realized by UniCredit Bulbank. The total amount of the investment is 57 million euro, and until now there are

There is no danger for the big investors in the property market

Projects in the field of the properties with large investor’s capacity, good idea and long-term strategy are not in danger. Investors who rely on the higher percent own project financing will survive in the residential market.That was announced by Shimon Ben Hamo,

Properties in Bulgaria remain the most popular in Russia, interest slightly decrease

Bulgaria remains the most popular destination among the Russian buyers of properties abroad during October, but the interest to the country slightly decreases, data from the Russian real estate web site Prian.ru shows.The web site made the chart after analysis of 580 000 queries

78% of foreign investment - concentrated in Sofia

"In 2007-2008 78% of foreign investment in Bulgaria is concentrated in Sofia and for the last 15 years - 50 percent of foreign capital is invested in Sofia". This was announced by the deputy mayor of Sofia Minko Gerdzhikov on an international conference for the

Number of tourists in Albena resort increased with 3% for the first nine months

For the first nine months of 2008 Albena resort received 212 000 tourists, which is an increase with 3% compared to the last year but drop away the average time spending 1 tourist and the number of registered nights at all, data from the reports of Albena Corporation.The most

Lufthansa opens a new repairs facility in Sofia

Lufthansa Technik AG opened its own repairs facility in Bulgaria through its subsidiary company "Lufthansa technik Sofia". The new company, which is a joint venture between Lufthansa Technik AG (80%) and Bulgarian Aviation Group (20%) is located in Sofia