11.09.2008

Bulgaria Visited by 150 000 Romanian Tourists During Summer of 2008

About 150 000 Romanians have chosen Bulgaria as their vacation destination during the summer of 2008, according to data published in the Romanian press. The total number of Romanians who traveled abroad for their summer break in 2008 is 700 000. Greece remains the most popular destination for them with over 250 000 Romanian tourists while the n...
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04.09.2008

First Mall to be Build in Northeast Bulgaria

The Turgovishte Mayor Krasimir Mirev, who is the former Chair of the National Association of Municipalities in the Republic of Bulgaria announced recently that the first shopping mall in northeast Bulgaria will be build in the city of Turgovishte. The news was confirmed by representatives of the company Greenfield Bulgaria, which is planning to...
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04.09.2008

Housing Price Increase Registers Highest Rates in Three Bulgarian Cities

According to statistical data for the second trimester of the year 2008, three Bulgarian ciites show the highest rate of price increase for residential buildings. Kustendil, Plovdiv and Smolyan are lead the list of Bulgaria's regional cities by the price increase of apartments,. Prices in Kustendil have gone up by 14,9% while those in Plovdiv an...
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03.09.2008

Varna and Bourgas to Have New Airport Terminals

Fraport Twin Star Airport Management ADT, the concessionaire of the airports of Varna and Bourgas, the two major Bulgarian Black Sea cities and ports has plans to build new passenger terminals at both airports. The announcement was made by the company’s Chief Technical Director. In addition, during the first six months of the current ye...
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26.08.2008

Tourist Industry Generates 14% of Bulgaria's GDP

According to a report of the Oxford Business Group, the tourist industry provides 14% of the country's Gross domestic product (GDP). The report is based on  data from 2007, showing that during the first eight months of 2007 Bulgaria generated an income of 1,83 billion US dollars, which is a 14,3%-increase compared to the same period of 2006...
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26.08.2008

40 Million Leva will be invested in Renovations of Plovdiv Airport

According to the Bulgarian Transport Minister Petar Mutafchiev, about 40 Million leva will be invested in the renovation of the airport in the city of Plodviv. The project is going to be completed by the end of the term of the current government - by the summer of 2009. 18 million leva will be provided by Alpha Finance Holding, which owns almos...
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26.08.2008

Downtown Sofia will have a New High-rise Business Center

Casa Chic, an Italian real estate company is going to invest in the construction of a 17-story business center called "Vertigo Building.” The business center will be located on a plot of 14 000 square meters on Bulgaria Boulevard in downtown Sofia and will combine commercial and office space. The preliminary planning forecasts a 2...
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23.08.2008

Sofia Office Space Market with Promising Future

The gross domestic product of Bulgaria registered a seven per cent increase during the first quarter of 2008, thus defying economy experts’ forecasts for an overall slowdown and the effects of the global credit crisis. According to the Sofia office market overview for the first half of 2008 published by the real estate consultants CB Richa...
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22.08.2008

Varna and Sofia Now with Equal Construction Rates

According to data from the Bulgarian National Statistics Institute (NSI) the two Bulgarian cities – Sofia, the capital and Varna, the biggest city on the Black Sea Coast have now equalized the rate of their construction development. The NCI data further reveals that construction Bulgaria continues to maintain serious rates and is steadily ...
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19.08.2008

Sofia Airport Services 17% More Passengers in July

297,873 passengers have been processed through Sofia airport in July, which is 17% more than July of 2007. The busiest day registered has been July 29 when almost 10,000 have come through the airport in just one day. London continues to be the top destination from Sofia airport with a record 41,000 passengers in July, which is 50% more than J...
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