New hotel with multifunctional conference hall in Pancharevo

A new hotel with a fitness centre and a large multi-functional hall will be built this spring in the Sofia borough of Pancharevo. The hotel is designated as an apartment hotel and it will be built with the aim of hosting "a series of events such as seminars, conferences and

2939 new building were put in exploitation during 2008

According to preliminary data by the National Statistics Institute, the newly constructed residential buildings, that were put in exploitation were 2 939, or an increase of 9% compared to 2007. The number of individual units in the new buildings has increase by 11.5% and has

Two large shopping malls completed in 2008

During 2008 the commercial spaces market continued its active development, which began few years ago. During last year the country saw 2 large shopping malls being completed – Mall Center Varna(currently the largest shopping mall in Bulgaria), and Park Mall – Stara

Bulgaria, the rose of the Balkans, turns to eco-tourism

This year Bulgaria will play its tourist trump in the field of eco- and rural tourism, writes the French tourist website eticm.com. The Bulgarian motto for 2009 is “The nature welcomes you”. The country possesses huge potential to develop these two segments of the

Sofia with the highest profitability of office premises in the EU

The profitability of office premises in Sofia remains the highest compared to other EU countries, it was revealed by a survey, conducted by a consultancy company, and at present it stands at 9%.The profitability level is comparative to other office markets outside the EU, such

Construction of new terminal on Plovdiv airport started

The construction of a new terminal on Plovdiv airport started yesterday. The start of the project was announced by the Bulgarian prime minister Sergei Stanishev. The minister of transport Peter Mutafchiev also attended the ceremony. The overall project for the modernization of

Bulgaria Offers Most Affordable Ski Holidays for Brits

According to a new survey of ski resorts by leading travel money provider M&S Money, skiers hoping to hit the slopes on a budget in 2009 should opt for Bulgaria.The M&S Money survey to compare the cost of items bought on a typical ski trip at worldwide destinations found

A new 20 million leva logistics terminal to be constructed around Sofia

Schenker Ltd, part of the world transport and logistics giant DB Schenker, began the construction of a new logistics terminal in the suburbs of Sofia. The investment totals 20 million BGN. The company’s logistics terminal will be situated on the international road to

Bulgaria Economy Registers 6% Growth in 2008

Bulgaria's Gross Domestic Product (GDP) went up by 3,6% to reach BGN 18,059 B during the last trimester of 2008 compared to the same period of 2007, data published by Bulgaria's National Statistics Institute revealed Monday.For the entire 2008, Bulgaria registered a 6% economic

Metro in Sofia to be completed by 2020

By the year 2020, Sofia's metro should be the "backbone" of the city's transport system, with plans for it to have a total length of 63km and 65 stops.The information came in the form of a general plan for the years 2009/2013 for developing the metro network, prepared

Bulgaria to take part in the MIPIM for the first time

Bulgaria will take part in the 20th, Jubilee edition of Europe’s leading real estate exhibition – MIPIM, which will take plase in Canes between the 10 and 13 March 2009. This will be the country’s first participation in the forum, which last year attracted 2

Commercial property market in Bulgaria is not glutted

Commercial property market in Bulgaria is far from the glut, despite the construction of many new shopping malls in the country. At the present the total retail space in the country reached 170 000 square meters. That is average of 22 square meters of commercial space for each