Germanwings renews flights to Bourgas and Varna

German no-frills airline Germanwings, owned by Lufthansa, will renew flights between the Cologne-Bonn and Berlin-Schoenefeld airports in Germany to Bourgas and Varna airports in Bulgaria in May this year.Flights from Bourgas to Cologne-Bonn and back would be carried out every

First tourists for summer 2008 season land in Bourgas

The first group of 74 foreign tourists for the new summer season arrived at Bourgas airport aboard a low-cost Sterling airlines plane from Copenhagen on March 30.After receiving a hearty welcome at the airport, they continued to their destination, the Slunchev Bryag (Sunny

Construction sector to grow steadily over the next 4-5 years

Bulgarian construction sector would grow by an annual 12 to 15 per cent over the next four or five years. Sofia attracted about half of Bulgaria’s foreign direct investment (FDI) and generated 30 per cent of its gross domestic product (GDP). Bulgaria’s building

Eight malls to be introduced at spring edition of Balpex property exhibition

This year’s edition of the Balkan Property Exhibition (Balpex), to be held from between April 18 and April 20 in Sofia at the Inter Expo Centre, 147 Tzarigradsko Chaussee Blvd, will highlight a number of retail and office projects, including eight large mall projects, the

Rental prices up 4-6% in Q1 2008 – Industry Watch

The rental prices of a regular two-room apartment in Sofia rose by an average of four per cent in the first quarter of 2008, while three-room flats in prime locations posted a 6.7 per cent mark-up in the same period, according to a recent report of the local think-tank Industry

Bulgaria at the top of Knight Frank 2007 ranking

Global house price inflation in the fourth quarter of 2007 stood at 8.2 per cent, compared to 9.7 per cent in Q4 2006, the latest Knight Frank’s report shows. Bulgaria tops the index as the country with the greatest annual price rise (33.7 per cent)Bulgaria and Russia are

Rental prices for industrial property in Bulgaria - among fastest growing

Sofia’s industrial and logistic areas posted a nine per cent mark-up year-on-year in rental prices, which places Bulgarian capital among Europe’s 10 cities with fastest price growth, a recent survey by Cushman&Wakefield (C&W) international property

Balpex – Spring 2008 exhibition’s preparation have started

The campaign for preparation of the spring edition of the largest exhibition for real estate on the Balkans BalPEx have started. The exhibition will take place from 18 till 20 April 2008 in Inter Expo and Congress Centre and will be preceded by the second annual Balkan Real

Bulgarian-US company to spend USD 3 billion

Bulgarian-US company to spend USD 3 billion for the development of mixed-use projects in Bulgaria over the next ten years. Federal Development, an international real estate development and asset management company, and Petrol Holding, a leading local conglomerate, announced the

Greek fund buy Carrefour in Sofia for 200 million euro

French retail giant Carrefour sold its development, which is currently being constructed on Sofia’s Tsarigradsko Chausse Blvd, to Greek fund Assos Capital, for roughly 200 million euro.The world’s second-largest retail chain will retain the ownership of the 14 600 sq

Alfa Developments acquires Landmark's portfolio

Alfa Developments, fully-owned by Bulgarian industrial group Alfa Finance Holding, has formally notified the Commission for the Protection of Competition (CPC) of its intention to acquire 75 per cent in property developer Landmark, Alfa Finance said in a statement on March 17.

Aer Lingus announced a new service from Dublin to Bourgas in Bulgaria

The new service marks the first Aer Lingus scheduled flight to Bulgaria and moreover, the only scheduled service from Ireland.From mid-June the airline will operate two flights weekly. Bourgas Airport is in close proximity to major tourist resorts on the Bulgarian Black Sea