News
Floods, Heavy Rains Damage Property in Southern Bulgaria
Sofia - Torrential rains over Bulgaria in the last 24 hours have caused flooding and damage to property and roads in the southern part of the country. The municipalities of Pazardzhik and Plovdiv were hit hardest by the rains and declared a state of emergency on Wednesday. Almost all of the 180 houses in the municipality's Gelemenovo village were flooded, and rescuers had to evacuate elderly residents. Other villages in the region were also flooded. Bulgaria's second largest city, Plovdiv,... [more]
As Dollar Sinks, European Cruises Could Be a Bargain
DESPITE the rising euro and the near-record pound, Europe is emerging as the unexpected star of this summer’s cruising season. With companies from the American cruising giants to boutique lines that specialize in river and Arctic itineraries expanding their presence throughout the Continent, European cruise capacity is expected to increase 23 percent this summer over last, according to Cruise Industry News, with an additional 10 percent more growth predicted for next year.Fueling the... [more]
Bulgaria emerges as retirement hotspot
Bulgaria is now attracting a considerable amount of investment from retirees and property tycoons, according to new research.Figures from the Bulgarian National Bank reveal that foreign individuals and companies spent €310 million on real estate in Bulgaria during the first three months of the year. This represents an increase of 63 per cent on the same period last year.According to the Sofia Echo, foreigners bought Bulgarian properties worth €1.1 billion in 2006, but the new... [more]
Bulgaria, Romania Nervous, Make Cosmetic Changes - Report
Bulgaria and Romania are trying to convince the EU that they are efficient in combating wide spread corruption ahead of the June EU Commission report that would assess their progress, EUexpands wrote on Monday. The comment came two days after Bulgarian Prime Minister and Socialist leader Sergey Stanishev said he had accepted the resignation of two ministers, following a corruption scandal that shook the centre-left government.According to EUexpands speculations of the possibility that the two... [more]
Bulgaria's Foreigners Act changes
The Cabinet approved changes to the regulations in Bulgaria’s Foreigners Act on May 23. The regulations now encompass not only foreigners (defined as non-EU member state citizens) in Bulgaria, but also family members of Bulgarian nationals who are not EU citizens or citizens of the European Economic Area or Switzerland. According to the amendments, foreigners entering Bulgaria will have to declare a minimum of 50 euro a day in personal finances.This excludes cases where specific... [more]
Bulgaria Adopts Law on Black Sea Coast Management
Bulgaria's Parliament adopted on Friday the law for management of the country's Black Sea coast, which will enter into force from January 1, 2008. The law provides for the settling of two guarded zones, A and B, along the seacoast. Zone A covers the area from the water to a 100 metres inland, which means the beaches and the dunes. The new law puts a ban on constructing movable objects. Zone B includes the areas that enter a 2-kilometer-wide strip of land, where no dumpsites can be built. In... [more]
The price is right in Eastern Europe
SOFIA, Bulgaria — We were in the mood for splurge when I decoded the Cyrillic letters and found the sign for Etno, a basement restaurant in downtown Sofia known for its home cooking and white tablecloth service. Between the wooden covers of the menu we found our favorite dishes: The "Shopska" salad, a chilled mix of tomatoes, cucumbers and salty white cheese; a platter of roasted eggplant; parsley fritters with yogurt and dill sauce; stuffed bell peppers; and roasted pork. It... [more]
Bulgarian Economy Overheating - World Bank
Bulgarian Economy Overheating - World BankBooming domestic demand is leading to the overheating of the Bulgarian economy, but gross domestic product (GDP) growth is likely to remain close to last year's figure of 6,1%, the World Bank said on Thursday.Economic growth in Bulgaria in the last three years declined slightly from 6,5% in 2004 to 6,2% in 2005 and 6,1% last year.The country's strong fiscal position last year has helped ease inflationary pressures, however, the World Bank said in its... [more]
Bulgaria with “Phenomenal” Position in Property Market Popularity Ranking
Bulgaria continues to be a magnet for UK property buyers, as a new report by the Association of International Property Professionals (AIPP) has revealed.Describing the position of Bulgaria as "phenomenal" the AIPP table that ranks the popularity of foreign property markets had the Eastern European country at third with 7.7 per cent of the market.This placed it just behind perennial favourites like Spain and France, which remained as the two top markets.And Quest Bulgaria's latest... [more]
Bulgaria Marks World No Tobacco Day
This year the world day is under the motto “Smoke-free environments. Create and enjoy 100% smoke-free environment”. In a smoking environment there are over 4000 chemical substances, some of which are toxic and cancerogenic. WHO research has shown that non-smokers who live with a smoker, the risk for lung cancer is with 20-30% higher. The additional risk of smoke at the workplace is around 12-19%. The passive smoking is connected to pulmonary disorders, allergies, asthma and other... [more]
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