Britons living in Bulgaria. Guide to Bulgaria, Sofia and Varna

Bulgaria Property - News for Properties, Tourism and Regional ...
If Bulgaria were a dangerous place, will so many British citizens invest in real estates and settle in Bulgaria, Prime Minister Sergey Stanishev asked in ...

A large-scale project for a new resort complex called "Paradise" has also sent the prices up. After the reduction of corporate tax a lot of companies will not even think of avoiding paying it, thus making the gray economy shrink. Bulgaria and Romania have "gone through a remarkable transformation", said European Commission President Jose Manuel Barroso announcing their EU accession. For Britons, among the many areas of life which will undoubtedly be changed by this, is the property market. In another 2-3 years, the two airports may even have new passenger terminals at a cost of 100 mln euro, additions that will allow them to process up to 6 mln passengers annually. Only a few years ago land near the village sold at a ridiculously low price, some 7 USD/sqm. Some are planning to build holiday villages for the rich in the region. The bids are getting higher because affluent Russians, Britons, Romanians and Dutch show interest in buying land plots for villas. The contracts for the terminals for containerised, bulk and liquid cargo will employ a build-operate-transfer scheme. The country is ranked fourth in the Southeast Europe as regards the attracted direct foreign investments, after Russia, Ukraine and Romania. The investment in the multifunctional complex which is to be constructed in the center of Sofia will exceed one billion levs. The transport ministry plans to award separate concession contracts for each of the port's 5 terminals. The two countries, which were the poorest of the former Soviet satellite states of Central and Eastern Europe, made changes such as tackling organised crime and corruption, and introducing farming reforms. The use of the existing yachting facilities are inconvenient because the sailing boats cross path with commercial shipping lines. The VIP complex will be built over 9,2 ha to the southeast of Rogachevo. These are some of the concession contract for the management of the 2 airports signed Sunday with the consortium of Germany's Fraport and local company BM Port. This effect is even stronger for small and open economies like the Bulgarian. This is a significant step that will undoubtedly make Bulgaria's economy more competitive. Thousands of Britons have already bought homes in these countries - but will many more now join them? VIES provides that intra-community supplies of goods are exempt from VAT in the member state from which they are sent, when they are made to a taxable person in another EU state who will account for the VAT on arrival.