Over 23% of Sofia’s income comes from construction

23.2 % of the income in the Sofia’s budget comes from the sectors “Construction” and “Real Estate Operations and Services”, it was claimed in a supplementary memo to the Projected Budget.The memo also states, that in Sofia the financial segment is

Office Space in Sofia Grows by 15%

The inventory of contemporary Class A & B office space in Sofia continued to grow in the second half of 2008, increasing by another 15% or 115,000 sq. m - more than twice the growth in the previous period.Currently, some 905,000 sq. m of office space is under construction

2.4 billion leva are the revenues from the tourist industry for the period January – November 2008

2.4 billion leva are the revenues from the tourist industry for the period January – November 2008, it was announced by Anelia Krushkova, chairman of the National Tourist Agency. During last year a 10.4% growth in the number of tourists was recorded. The country was

Logistic Park Rousse got permission for construction

Logistic Park Rousse got its permission for construction. That will be the first logistic complex in the town and the region, which will be build according to the international standards and will have warehouses and office areas.The first sod of Logistic Park Rousse will be made

Albena wants to take Airport Balchik on concession for 35 years

Albena JSC wants to take Airport Balchik on concession for 35 years in order to attract low-budget airlines. The company started negotiations with the Ministry of Defense about the concession. Albena uses the airport for the 3rd year now under a contract for co-operation with

Kavarna City Centre open for business

Kavarna's new commercial and administrative complex, the Kavarna City Centre, started operations earlier this month, Stroitelstvo Gradut weekly reported.It had taken a little over a year for Planex OOD to reconstruct and modernise the otherwise unappealing, communist-era

Retail parks and discount chains to replace shopping malls

A new type of commercial project is to be constructed in Bulgaria over the next years few years. Projects for shopping malls will be replaced by the so called retail parks and discount chains, it was claimed by experts. In their opinion these type of project have many advantages

Bulgaria is set be a preferred destination amongst British holiday makers

During 2009 Bulgaria is set be on of the most desired holiday destinations amongst Brits, it was revealed by a survey, conducted by the BBC. The first two weeks of January is an important period for the tourist industry in Great Britain, claim the tour operator. During this

Sofia at the top spot in Europe for growth of industrial space rental rates

Sofia stands at the tops spot for price increase in rental rates for industrial estates in Europe, and comes close second amongst the countries in Europe, the Near East and Africa, according to a survey, conducted by the CB Richard Hills consultancy. The rental rates for high

Ski Season in Chepelare Opens with New 4-seat Ski Lift

The transport ministers of Bulgaria and Macedonia, Peter Moutafchiev and Mile Janakieski, Wednesday cut the ribbon of the new 4-seat ski lift at the renovated sports center in the Chepelare winter resort. The first to go on the new ski lift was Chepelare-born Ekaterina Dafovska,

Number of Foreign Tourists in Bulgaria up by 15% in 2008

The number of foreign tourists who visited Bulgaria in 2008 grew by 14,6% compared to their number in 2007. The news was announced by the Head of Bulgaria's State Tourist Agency Aneliya Krushkova in an interview. Krushkova said, however, that this estimate was still based on

WizzAir traffic in Bulgaria has grown by 143% during 2008

Traffic of low cost airline WizzAir in Bulgaria has grown by 143% and reached 335 000 passengers during the last year and WizzAir has transported 5.9 million passengers during 2008 (41it was announced by the companyFor 2009 the airline company expects to transport 8 million