Bulgaria Reals

26.10.2008

Apartment Prices in Bulgaria Increase by 3%

According to data from the National Statistical Institute, the average apartment prices in Bulgaria have gone up by 3% in the third quarter of 2008 compared to the second quarter of the year. The data does not include residential units in newly constructed buildings. The greatest price increase was registered in Plovdiv - 11% while the avera...
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26.10.2008

Sofia Airport to Have Less Delayed and Canceled Flights

According to Bulgaria's Transport Minister Petar Mutafchiev, Sofia airport has been granted a 3A category, meaning that airplanes could land with a visibility as low as 200 meters. After its renovation the airport in Sofia had a category 1 permitting lending of airplanes with visibility of 550 meters or more. The Transport Ministry then establis...
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26.10.2008

50 Top Construction Firms in Bulgaria Register Billions as Turnover

According to the Bulgarian Construction Chamber (BCC), the fifty largest construction companies in Bulgaria have achieved a total turnover of 2.7 billion leva in 2007. Glavbolgarstroy JSC with a total turnover of 228.9 million leva has kept its leading position as the largest Bulgarian construction company in Bulgaria, followed by Patishta (&quo...
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22.10.2008

Real Estate Sector in Bulgaria to Comply with European Standards

According to Maya Staneva, Executive Director of the Bulgarian Institute for Standardization, unified European standards, regulating real estate agencies, are going to be established in Bulgaria in the next six months. The unified real estate standards have been in the works in the last three years; they are currently beyond the public discussi...
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22.10.2008

4.3 Million Foreign Tourists Visited Bulgaria in First Eight Months of 2008

According to preliminary data announced recently by the head of the country's State Tourism Agency Aneliya Krushkova, over 4.3 million foreign tourists visited Bulgaria in the January-August period of 2008. Krushkova announced the data during the presentation of the first regional organization for the management of a tourist region dedicated to ...
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22.10.2008

Hollywood NU IMAGE to Build New Movie Center in Tsarevo Resort

According to the CEO of the Hollywood movie company NU IMAGE David Varod, NU IMAGE plans to invest about 4 million leva in the construction of a new film center. The center is going to be located on the Black Sea coast in the southeast Bulgarian town of Tsarevo. David Varod announced the news after a meeting with the Mayor of the town Petko Arna...
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13.10.2008

City of Varna Boosts Favorable Business Climate

According to a research of Colliers International, the Bulgarian city of Varna is emerging as a prime destination and location for international businesses. The consulting company reports that the Bulgarian "Black Sea capital" Varna is especially suitable for research and development activities, IT business, and opening of call centers...
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13.10.2008

Equest Balkan Properties Sells City Center Sofia Mall

According to a Dow Jones report, one of the largest shopping malls in Bulgaria, the City Center Sofia, was sold by former owner Equest Balkan Properties to Heitman European Property Partners for 101,5 million euro The deal was made in accordance with the CB Richard Ellis evaluation in June and will be finalized in November 2008 after an inspect...
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13.10.2008

Black Sea Resort Town of Kavarna Begins to Attracts Celebrities

The Black Sea town of Kavarna municipal press center recently announced that two famous Russian artists have purchased apartments in the vacation village and SPA complex "White Coast" near the town. "White Coast" is located 5 km away from Kavarna, near the golf course "Trakya Rocks." The Russians are the singer Oleg...
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05.10.2008

Bulgaria Has Attracted over 8 Billion of Dollars as Foreign Direct Investments

According to the 2008 World Investment Report of the UNCTAD, which was presented recently in Sofia, Bulgaria has attracted a total of 8,429 billions of $ of foreign direct investments in 2007, This data shows that in 2007 Bulgaria's foreign direct investments have increased by 900 millions of $ compared to 2006. Bulgaria ranks fourth among ...
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