21.07.2008

Bulgarian Cabinet Accelerates Highway Construction

The Bulgarian cabinet is working on accelerating the construction of key segments of the Trakiya, Maritza, and Hemus Highways, and of the southern arch of the Sofia beltway. These segments include 25 km of the Stara Zagora-Karnobat portion of the Trakiya Highway, 4 km of the Svilengrad-Kapitan Andreevo part of the Maritza Highway, and the construct...
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21.07.2008

First IKEA Store to Open in Bulgaria by 2009

As reported on July 18 by the Bulgarian daily newspaper Pari (Money), the Greek company Fourlis, who is the authorized IKEA representative for Greece, Bulgaria, and Cyprus, has purchased a plot in Sofia to for the construction of the first IKEA store. According to the media outlet, this plot was part of a larger one previously purchased by anoth...
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14.07.2008

Holding Company Plans to Build Amusement Park Near Bulgarian Ski Resorts

The Bulgarian newspaper Pari (money) recently published a report about the intentions of the Bulgarian company Alpha Finance Holding to build an amusement park in the Pirin mountain resorts of Razlog, near the mountain resort town of Bansko in southwest Bulgaria The park named “Pirinland” is most likey going to be located on the 1000...
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14.07.2008

Bulgaria Ranks 39th in the World by the Number of Foreign Visitors

The Chair of Bulgaria's State Agency for Tourism Aneliya Krushkova announced this week that t that the World Tourist Organization ranked Bulgaria 39th in the world by the number of foreign tourists it attracted in 2007. Krushkova has stated however that Bulgaria was not included in the ranking by revenue from foreign tourists. Krushkova was a...
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13.07.2008

Construction Prices in Bulgaria to Go Up by 15% in 2008

The Sofia Chamber of Commerce and Industry representatives participated on July 11 in a discussion about the new EU directive aimed at synchronizing conditions for construction products entering the market including responsibilities of manufacturers, importers, distributors, consultants, construction firms, and supervisory institutions. The mee...
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08.07.2008

Residential Buildings in Sofia Increase with Over 114%

A total of 3431 new residential buildings have been constructed in Sofia in 2007, which is over a 114% annual increase, according to the June data of the National Statistical Institute (NSI). In 2006, the number of newly constructed residential building has been 1598. Sofia now has nearly 19 000 total new residential buildings, compared to ov...
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08.07.2008

Golf is the Future of Tourism in Bulgaria

The German news agency DPA has published an article about the future of golf tourism in Bulgaria. DPA sees golf clubs and resorts as a way to improve tourist Bulgaria image as an alternative to the some of the concrete cities that have been built on the Bulgarian Black Sea Coast. Experts believe that the strong investment interest and the gov...
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08.07.2008

Bulgaria Sea Resort Opens Ice Skating Rink

“Albena”, one of the best-known sea resorts in Bulgaria has a new indoor ice skating ring, built over on area of 300 square meters. The rink’s dimensions are 15 X 20 meters. The rink is located just meters away from the sea, in front of the “Laguna Beach” hotel. The investment plan to build an ice skating rink in...
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28.06.2008

Varna to Relocate Old Port

On June 25th with a decision voted unanimously by the Municipal Councilmen, Varna’s Mayor and Governor received the official permission to move the old city port to a new location in the Varna Lake. The Municipality of Varna is taking the task to accelerate the adoption of the new general urban plan and to organize together with the Minist...
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28.06.2008

Largest Golf complex in Bulgaria to be Build near Straldzha

UK Investor Solas Nua has plans to build a golf and resort complex to become the largest entertainment resort in Bulgaria. The resort will be called “Wild Rose” and will be constructed close to the town of Straldzha in southeast Bulgaria Yambol District. The exact location of the complex will be in the village of Aleksandrovo. The...
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