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Press releases
Spanish company ‘Grupo Detea' will construct the biggest trade center in Bulgaria. The complex will be situated in the South-Eastern part of Bulgaria's capital of Sofia. The constructions will cost round 50 million EUR.The trade center has an area of 180,000 sq. m. and was read more >
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Russian investors who aim to make money and are ready to take risks, should buy properties in Bulgaria and Turkey- that is the advice, given by the Russian analysts, announce the Russian internet edition luxury-info.ru.According to the specialists the most exclusive area for read more >
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Bulgarian SIBank is in negotiation with two European candidates interested in buying a majority share.The result of these negotiations could be announced before the end of the month. Candidates are the KBC Bank from Belgium, which has already bought insurance company DZI, and La read more >
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38% growth of Russian tourists is marked until now in the seaside resort of Golden Sands (North of Varna), compared to last year, reported news.bg. The Russians realized 73,000 nights spend. From the resort reports were, that in the past season, the activation of tourist markets read more >
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NORTHERN ROCK, the mortgage bank rescued by the Bank of England last week is still occupied by dozens of people, worried about their savings.Desperate customers besieged branches across the country from the early mornings. The bank, which saw £1 billion taken out by read more >
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The project “Europe Park Sofia” will be built in stages over 7 years. The investment is around 500 M Euro. The project obtained a first class certificate from the Agency for Investments at the end of last week reported the “Dnevnik” journal. “Europe read more >
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The tourist interest in Bulgaria this year marks a significant growth compared with last year, reported OPODO. In the TOP 10 most wanted destinations for vacation. Tourists visiting Bulgaria is 40 per cent more than the previous year, reports “Dnevnik” read more >
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UK funded European Convergence Development Company Ltd (ECDC) announced that it has signed a preliminary contract with Bulgarian Sienit Holding Ltd for land purchase in the coastal city of Bourgas.The terrain will be used for the construction of a mall with read more >
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A growing number of foreign investors are entering the Bulgarian property market. In addition to investors from the UK and Ireland, many Russians, Scandinavians, Austrians and Americans are also showing interest in the Bulgarian market.Market growth is expected to slow read more >
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The volume of the property investment market is expected to grow to $3.7 billion by 2011, as compared with the current $1.7 billion. Deutsche Bank property subdivision PREEF said in a recent report that the investment market of business property in Eastern Europe would grow by read more >
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The Belgian financial group KBC, which is the majority owner of Bulgarian financial group DZI, plans to acquire new companies in Bulgaria. It will invest two billion euro in acquisitions, the company’s executive Andre Bergen said. KBC bought 70 per cent of DZI at the read more >
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The high rate of construction in Bulgaria in recent years has stimulated the introduction of new, cost-effective and high-quality technology. BMG Ltd management board director Kiril Balabanov said that such products had come on to the market in Bulgaria recently, and had reduced read more >
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