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Press releases
UK investment fund Black Sea Property Fund Ltd has bought 124 decares of land in the mountain resort of Borovets worth 10.5 million euro to be invested in a mountain complex. The fund plans to build a complex to be used throughout the year. It will include a hotel, conference read more >
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Sparkassen Immobilien AG and ECE Projekt management, investors in Serdica trade centre in Sofia, have announced that the construction of the centre has begun. Serdica centre will open in the autumn of 2009, ECE Bulgaria head Plamen Ilchev said, as quoted by investor.bg. read more >
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Pensions in Bulgaria are to increase by 10 per cent from 1st October 2007. The increase resulted from the budget surplus, the Cabinet said after a meeting on 29th July 2007. Budget 2008’s macro-economic framework was confirmed, Focus news agency reported. According to the read more >
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Nearly 500 million euro would be invested in repairing and resurfacing Bulgaria’s roads next year, Regional Development and Public Works Minister Assen Gagaouzov said. The sum was double that allocated for infrastructure reconstruction in 2007, he told Bulgarian National read more >
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The coastal airport of Bourgas serves nearly 28 000 passengers per day. The port serves 169 aircraft to and from more than 20 destinations every day, Bulgarian news agency BTA reported. On 18th July 2007, between 8pm and 12pm alone, 33 aircraft were served. Most of the read more >
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A leading world consultant Paul Mathews prepared the project for restoration of Bulgaria’s Bansko resort ski runs and the surrounding areas, the company concessionaire of the resort, Ulen, reported.Mathews’s company Ecosign prepared the projects of more than 140 ski read more >
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Investments by Greek companies in Bulgaria decreased by 51 per cent in the first three months of 2007, as compared to the figures for 2006. Greek companies invested 54.2 million euro in the country from January to March 2007. A year earlier the amount was 110.3 million euro, read more >
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Construction works commenced on Building 3 in Business Park Varna. So far 60 companies have expressed interest in renting office space in the new facility, which will face the old road to the capital, through the town of Devnya, as opposed to the highway. The Class A office read more >
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Russians pay more for an airplane ticket than for a holiday in Bulgaria. The package for a vacation at the Bulgarian Black Sea coast costs about US$153 and the cheapest plane ticket is about 175 euro, Russian tourist experts realized in the beginning of the month. This tendency read more >
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"The number of Bulgarians, who chose to go on holiday abroad has risen by 12 percent," said the deputy chairman of the Agency for Tourism, Stanislav Novakov in the Golden Sands resort. The Bulgarian holidaymakers prefer Central Europe, Turkey or the Lake of Ohrid in read more >
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Property prices in Bulgaria are continuing to rise, indicative of a buoyant property market and suggesting that there are lucrative opportunities in store for savvy investors. The Bulgarian property market has shown positive signs of growth in recent times, continuing to attract read more >
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British investment firm Assetz has named Bulgaria as the best destination for overseas property investment, even though its tourist hot-spots are showing potential signs of overheating, according to a new research data. While the United Kingdom ranks top for investment returns, read more >
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