News
Winslow Developments to build residential complex in Sofia
Property developer Winslow Developments said it will build a residential community in Sofia's Manastirski Livadi district just off the ring road.The company will break ground for the 5.5 ha Winslow Gardens development in September. It will comprise 6 buildings with a total of 450 apartments measuring in size between 50 and 150 sq m. The home units will sell from 950 euro/sq m.Winslow Gardens will also feature spa center, gym, swimming pool, restaurant, shops and day-care center. Winslow... [more]
Bulgaria 'is proving to be immensely popular with British property investors'
Bulgaria has become a top property investment destination for Britons over the last few years and by some measures is catching up with France, according to new claims from a property investment magazine. Quest Bulgaria, an English language magazine for Bulgarian property investment, cited statistics showing that 8 in 10 overseas buyers in the country originate from the UK or Ireland. Furthermore, British overseas property investors' passion for Bulgaria appears to differ between different... [more]
Bulgarian Lawmakers Ratify Burgas-Alexandroupolis Pipeline Deal
Bulgarian lawmakers passed on the second reading the bill ratifying the proposed deal between Bulgaria, Greece and Russia to build and operate a 280-kilometre oil pipeline linking Burgas and Alexandroupolis.The bill, which raised strong objections among centre-right lawmakers two weeks ago, who claimed the deal went against Bulgarian national interest and would also turn off tourists in the southern part of Bulgaria's Black Sea coast.The bill was passed without any hitch on Wednesday, with... [more]
Foreigners Buy EUR 310 M of Bulgarian Real Estate in Q1
Foreign individuals and companies with foreign shareholders bought real estate worth EUR 310 M in the first three months of the year, Bulgarian National Bank (BNB) data shows.The figure is a 63% increase over the same period of last year, when foreign buyers paid EUR 190 M for real estate in the country.Real estate buys accounted for nearly 40% of all foreign direct investment in January-March, helping offset flagging inflows, according to the BNB figures.Bulgaria has attracted foreigners for... [more]
Bulgaria To Join Euro Zone In 2010 To 2015- Finance Minister
Bulgaria can join the euro zone in 2010 to 2015, Finance Minister Plamen Oresharski said.Accepting the common European currency, however, should not turn into a goal at all costs, he said. Bulgaria should first meet all Maastricht criteria.Inflation remains the main problem that Bulgaria has to deal with. In 2007, it will reach 4.4 per cent, which is higher than the needed level, Oresharski said as quoted by investor.bg.The country’s most dynamically evolving sector is industry. High... [more]
Bulgaria Among EU Countries with Highest Industrial Production Rise
Seasonally adjusted industrial production increased by 0.4% in the Eurozone (EA13) 1 in March 2007 compared with February 2007.Production rose by 0.5% in February and fell by 0.6% in January. In the EU27 output gained 0.5% in March, after an increase of 0.4% in February and a decrease of 0.5% in January. In March 2007 compared with March 2006, industrial production rose by 3.7% in the Eurozone and by 3.9% in the EU27. These estimates are released by Eurostat, the Statistical Office of the... [more]
Bulgarian Spa Projects Boost Property Prices
Bulgaria’s State Agency for Tourism says that the number of tourists visiting spa resorts will increase by 75 per cent in the next three or four years.Investors have been working on spa tourism projects for a long time, Kapital daily reported.There are spa centre and hotel construction projects in, among other places, the well-known destinations Sandanski, Kyustendil and Apriltsi. These regions boast favourable natural resources and, unlike other traditional resorts, are not burdened by... [more]
Bulgaria Takes Up SEECP Presidency
Bulgarian Foreign Minister Ivailo Kalfin is to travel to the Croatian capital Zagreb where Bulgaria will take up the leadership of the South-East European Cooperation Process (SEECP).The SEECP was launched at Bulgaria’s initiative in 1996. The main purpose of SEECP is to create an atmosphere of trust, good neighbourly relations and stability among the organisation’s member countries.The 10th summit of the SEECP member states’ heads will take place on May 11, Bulgarian... [more]
Natura 2000 in Bulgaria and the EU
European Commission (EC) officials have recommended thorough changes to Bulgaria’s laws to guarantee the preservation of zones protected by the Natura 2000 European ecological conservation network. This was announced after a meeting in Sofia on April 26 between EC officials and Bulgaria’s Environment Minister Djevdet Chakurov.Ladislav Miko, the chief of environmental protection at the EC directorate on the environment, said that current Bulgarian legislation does not secure the... [more]
Uk Invests 700 000 Euro In Improving Seaside Lifeguarding In Bulgaria
Bulgarian and UK marine administrations will complete a project under the PHARE programme for improving life saving and search operations in Bulgarian coastal waters. The project is worth 700 000 euro and will start in June 2007, Bulgarian news agency BTA reported. The project targets to analyse the risks existing in the zone for searching and saving in, head of department for search and saving at the maritime administration Zlatko Kuzmanov said. A large number of experts from the UK maritime... [more]
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