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We recommend
Off-plan
Holiday apartments for sale, Burgas Region, Elenite Resort
Prices from € 107 500
NEWS
ABOUT BULGARIA City-planning Culture Ecology Finance and Taxes Interesting Tourism News from MIRELA Real Estate Agency Housing loans Real Estates Prices and Analyses Construction The real estate market at present Economy17-08-2010
Forbes Bulgaria to Hit the Market in November
Bulgarians will enjoy a special annual edition of the Forbes magazine in November, which will set the beginning of the first Bulgarian edition of Forbes. Attica Media Bulgaria has announced that the special edition will be on the market on November 10. It will present the world famous list of international, as well as Bulgarian, billionaires and it will feature analyses of current economic and financial issues in the country. In January 2009, Attica Media Bulgaria announced the beginning of the project for a Bulgarian edition of Forbes. The magazine was expected to be on the market in October ...
12-08-2010
Bulgaria's Economy to Overcome Crisis
The first signs of economic recovery in Bulgaria are already in sight. This becomes clear from an analysis of the macroeconomic condition of Bulgaria in the period 2005-2009, prepared by the Bulgarian Industrial Association (BIA). The hopes of the business are base on two factors: the increase of the export rate by 12.3% over the first five months of 2010 and the falling unemployment rate on monthly basis in March, which continued throughout June 2010. This gives entrepreneurs good grounds to consider some output enhancement strategies. Amid these optimistic tendencies, the authors of the report ...
12-08-2010
Serbia's share in Bulgaria's Belene NPP project could exceed 20% - report
Serbia's share in a project for the construction of a nuclear power plant in Bulgaria could exceed 20% if the government in Belgrade secures cheap financing from abroad, Serbian media quoted the country's Energy Minister, Petar Skundric, as saying. Serbia's participation in the Belene project will be decided by the country's energy balance and prices, Belgrade-based news broadcaster b92 quoted Skundric as saying late on Tuesday. Serbian media quoted Skundric as saying over the weekend that Bulgaria has offered his country a 5.0% stake in the Belene project, estimated to cost 300-350 million euro ...
05-08-2010
Ryanair Starts Regular Flights from London to Bulgaria's Plovdiv
The world’s largest low-cost airline, the Irish company Ryanair, has announced the launching of a new route from London Stansted to the Bulgarian city of Plovdiv. “Plovdiv is Bulgaria’s second largest city with a rich and varied history dating back 8,000 years. Plovdiv makes a great city break destination and is also within easy access of the ski resorts of Bansko and Pamporovo.” a spokesperson of Ryanair has said. According to the marketing manager of Ryanair Laszlo Tamas, the new London Stansted-Plovdiv airline will draw about 30 000 passengers annually, whose number could go up to 200 000 by ...
03-08-2010
American AES Solar Energy to build Europe’s largest solar park in Bulgaria
“American AES Solar Energy intends to build Europe’s largest solar PV (photovoltaic) power plant near the town of Silistra,” said yesterday US Ambassador to Bulgaria James Warlick, quoted by BTA. The plant is expected to have a capacity of 80 MW and it will be owned by AES Solar Energy. The company intends to invest $400 mln in the construction of the park and the Bulgarian side is not expected to pay anything, emphasised Warlick. Warlick said that talks have been held on the investment of AES in Bulgaria for more than six months but there is still no progress on the project because there has ...
29-07-2010
Bulgaria Still Stands Chances to Attract Huge Investment by Austria's Voestalpine
The decision of the Austrian steel giant Voestalpine AG to make a large-scale investment in a new steel plant in the Black Sea region is still up in the air, the company told Novinite.com (Sofia News Agency).Voestalpine announced in early 2008 that it planned to invest EUR 5 B in the building of a steel plant in either Bulgaria, Romania, Turkey or Ukraine.Bulgaria appeared to be the forerunner in the competition for attracting the massive Austrian investment with Bulgaria’s former Minister of Economy and Energy Petar Dimitrov and Alfred Dusing - Chief Financial Director of the steel department ...
29-07-2010
Spain's Grupo Ortiz, Electra Set Up JV for Bulgaria Market
Spain's energy group Electra Holding announced it has joined forces with Madrid-based construction firm Grupo Ortiz to work on infrastructure projects in Bulgaria and other countries in Eastern Europe.The construction company will hold a majority stake in the newly formed joint venture company, which is called Ortiz Electra and plans to run in tenders for the construction of railways and purifying stations.In April energy holding Electra announced it plans to build a 100 MW wind power park in the central part of Bulgaria and has already bought 5000 decares of land.Electra started its activities ...
29-07-2010
Lufthansa Technik Expands in Bulgaria
Lufthansa Technik Sofia, a joint venture between Germany’s Lufthansa Technik and the Bulgarian Aviation Group, announced it will invest in the construction of new facilities for aircraft overhaul and maintenance near Sofia Airport.The company, which has served so far 40 planes of more than 20 airlines in Europe, the Middle East and Northern Africa, said it has been flooded by orders and will accept no more by the end of 2011.Another 35 aircraft will be serviced over the next 17 months.The maintenance, repair, and overhaul complex located at the airport of the Bulgarian capital Sofia was opened ...
27-07-2010
Bulgarian Economy Minister Vows Focus on 3 Knowledge-Based Sectors
Bulgaria's government will be focusing on encouraging the development of three hi-tech sectors, announced Economy Minister Traicho Traikov.“We have carried out a sector analysis, and we have figured out our priorities. We must encourage the sectors with high added value. We have identified three such sectors – IT, bio and health technology, and green technology,” Traikov told Nova TV speaking about his ministry's activities in the first year of the term of the Borisov government.He pointed out further that the Cabinet's measures have led to increasing the payments that Bulgaria receives from the ...
22-07-2010
Zara Confirms Bulgarian Expansion
Spanish company Inditex, parent company of Zara and the world's largest and most internationalised fashion retailer, announced its intent to open three more stores in Bulgaria this year.The store in the capital Sofia will be located on the fashion street Vitosha, but the location of the other two shops – in the Black Sea town of Burgas and Stara Zagora – was not immediately clear.The company however is known to have signed contracts for the opening of stores in the Gallery malls, which will also feature some of its other brands, such as Pull and Bear, Massimo Dutti and Bershka.Inditex has also ...
22-07-2010
Sofia Swaps Market Hall for Russian Church Park
The Sofia City Hall will swap its shares of the Central Market Hall in order to become the owner of the park near the Russian Church, both in the downtown of the Bulgarian capital.The proposal comes from three municipal councilmen from the ruling center-right Citizens for European Development of Bulgaria (GERB) party and one from the far-right, nationalist Ataka party, and will be voted during the City Hall's last meeting Thursday, before their summer break.According to the proposal the company Ashtrom will acquire the entire Central Market Hall, where the municipality now owns 25% while the latter ...
22-07-2010
China Tycoon Richard Li Ready to Invest in Bulgaria's Vivacom - Report
Chinese billionaire Richard Li, who controls Bulgaria telecommunication company Vivacom, is ready to invest Vivacom in a bid to restructure its debt, reports Hong Kong newspaper South China Morning Post.For the investment, Chinese telecom PCCW owned by Li would allegedly help out Li's troubled Pinebridge private equity fund."While PCCW and Pinebridge have no formal relationship beyond being companies controlled by Li, they plan to rescue Vivacom by jointly investing €180 million (HK.81 billion) in return for a 51 per cent stake," writes South China Morning Post.According to the edition the two ...
20-07-2010
Bulgaria's Delayed Hydropower Project to Resume in Sept - Report
The construction of Gorna Arda hydropower project in southern Bulgaria is likely to be resumed in the autumn, a local daily reported, citing insiders. The news comes as Austria’s energy firm EVN and Bulgaria’s dominant state power utility NEK are expected to sign an agreement for the project in the framework of the visit of Prime Minister Boyko Borisov in Vienna, starting Monday. Construction works at Gorna Arda site will most probably start a few weeks after the signing of the contract, Standard daily reported. The report echoes the forecast of Vladimir Urutchev, MEP from the ruling GERB party, ...
15-07-2010
2 American Companies Apply to Search for Shale Gas in Bulgaria
Two US companies have expressed interest in drilling for shale gas in Bulgaria, the Ministry of Economy, Energy and Tourism announced.The Ministry has received a total of seven requests for exploration permits by two companies – Chervon Bulgaria Holding BV stationed in the Netherlands, and the Texas-based Integrity Tower Inc.Chevron has expressed interest in exploring two sites, while Integrity Tower has asked for five permits for exploration in Northeast Bulgaria.The possibility of Chevron Corporation searching for shale gas in Bulgaria was first formally discussed in April 2010 during the visit ...
15-07-2010
Bulgarian Govt Moves to Lure Hi-Tech Investors with State Aid
Bulgaria’s Cabinet has approved legislative measures providing for state aid and other incentives for foreign investments in projects entailing hi-tech industries, and research and development.The Borisov government has adopted amendments to the Regulations for the Application of the Investment Encouragement Act.The changes provide for a state aid to foreign investors reimbursing them with up to 50% for their spending on educational and research and development activities, and a subsidy of up to 10% of the investments in processing industries.The state aid from the Bulgarian government will be ...
13-07-2010
Bulgaria Shopping Mall Space Doubled in H1- Report
The stock of contemporary shopping mall space in Bulgaria doubled in the first six months of 2010 with the opening of five new shopping malls, reaching 452,000 sqm in total, a realtor report says.Another five shopping mall projects are expected to open until the end of 2010, which will add 126,000 sqm of contemporary stock to the market, according to Colliers International’s retail market overview for the first half of 2010 in Bulgaria.“Although most of the newly completed retail space in Sofia has generally been absorbed so far, a surplus in markets such as Varna, Ruse and Stara Zagora is expected ...
29-06-2010
Companies investing in Bulgaria are two and a half times more than those who have invested abroad
Since the beginning of the year the number of companies that have invested in Bulgaria amount to 1300 and is two and a half times more than the number of companies who have taken capitals out of the country – 550. The information has been provided by the CEO of the Bulgarian Agency for Investments Borislav Stefanov. He spoke at a forum held in Sofia under the motto “Government and business: joint efforts for speedy investments 2010-2011”. Despite the heavy financial and economic conditions from January to April 20 companies have invested in the country over EUR 10 million. This sum is greater ...
23-06-2010
Greek Investors Flock to Bulgaria
Greek investments in Bulgaria are up significantly during the first quarter of 2010 on annual basis.The report was published in the Greek business newspaper “Imerissia,” cited by the Bulgarian news agency BTA.Greek investors brought to Bulgaria in the first three months of the year EUR 37.5 M compared to the mere EUR 500 000 during the same period last year. According to experts, the boom is attributed to the financial crisis in Greece where businessmen now prefer the market in a neighboring country to their own.In the first half of 2009, Greek investments in Bulgaria hit their bottom low in the ...
23-06-2010
Bulgaria is among the 20 most attractive destinations for large retail chains
Bulgaria climbed up two positions and is now 19th among the emerging markets in the ranking of retailer attractiveness, shows data of AT Kearney Global Retail Development Index 2010. According to the company, our country is in an early investment phase and has a limited number of local domestic retail chains. Experts reported that since Bulgaria's accession to the European Union (EU), foreign retail chains had entered the country in order to secure a good market position. The company gives the French Carrefour as an example of a retail company, which chose Bulgaria as a key Eastern European market. ...
08-06-2010
The number of investors in Bulgaria is growing again
The number of investors in Bulgaria started going up again, said in Parliament Bulgarian Minister of Economy, Energy and Tourism Traicho Traikov. In March alone 424 companies have made investments. In February their number was 349 against 214 in January, figures all showing a positive tendency. Minister Traikov confirmed, however, that in the first trimester of 2010 the Central Bank registers a decrease of the nominal valued of direct foreign investments by almost EUR 22 million. Text source: bnr.bg To see the presentation of the company, please follow the link:Presentation of Mirela Real Estate ...