Bulgaria Property - News for Properties, Tourism and Regional ...
A businessman from Silistra announced before the Municipality that he will build a housing complex there, on area of nearly 40 decares, near the Danube River. A major American company will invest 200€ million near Sofia Airport. After the appearance of three trade centres in Sofia there is a real revolution of developing of the big trade centres in Bulgaria. An Estonian company starts the construction of a town of approximately 300 one-family houses, in the Sofia village Kladnitsa, on the south mountainside of Vitosha. And yes, Pchelinski Bani has a spa, dating back to communism and decaying in a sort of melancholic way. Another development company plans building of an original supplement to “Business Park Sofia”. Argentina takes place in “top 10” for the first time. As seen in the sample below, the new cards do not have a picture of the holder, nor do they give the national identification number (EGN in Bulgarian). At the moment, Wizz Air flies only to London from Burgas, a route serviced by rivals Bulgaria Air, Hemus Air and British Airways. Besides that complex, the company has the intention to design three more similar housing projects and two techno parks. Budget carrier Sky Europe recently said it was launching a Mon-Sat Sofia-Vienna route from March 26. Bulgaria exports mainly to the 15 oldest EU member states. Bulgaria shares that high position in the list of 193 countries with Panama and Slovakia. Bulgaria takes one of the first places because of the low prices and favourable climate, according to “Scotsman” newspaper. Bulgaria was outranked only by Spain and France. But at least five more are under construction and about twice as many are at design stage. Fifty million euros will be invested in the complex. Flights to Budapest will be available from another Bulgarian coastal city, Varna. For a start, it is one hour away from Sofia, driving on the (very good) motorway to Plovdiv. For the latter, all previous regulations remain unchanged. France is absolute leader in the classification, in spite of the high taxes, bureaucracy and the high cost of living. Great Britain takes the 37th place – it is the next country after Bulgaria, and Greece and Cyprus come after it with even results. Having in mind the comparatively cheap labour in our country, that plan turns out to be extremely profitable to the foreign entrepreneurs, say analysers. He is a representative of the Bulgarian-Belgian company “Varbel”. Hundreds of million Euros have already been invested, or are expected to be invested in it. In addition, Paris is the most beautiful and romantic city in the world – says Laura Shedrian, Management Director of “International Living”. In such untrodden locations, prices for real estate were much lower, especially given the rising prices and interest rates in Great Britain, the magazine said. In the last couple of days the archaeologists working on the object found a third marble statue of the goddess - a deification of the Earth Mother. In the last two years, however, at least 80 new ones have opened their doors to a wave of British buyers looking for a slice of the Bulgarian housing market. In the trade center, there will be a hypermarket, places for rest and places of entertainment, restaurants, cinemas, bowling and a skating-rink. It is said that the cost of living outside Paris is much lower, and a house can be bought for less than 100 000 dollars. It is situated in the very centre of Vidin near by the symbol of the town, Baba Vida fortress. It seems that the glory of Vidin as trade centre revives as FairPlay International starts the building of a great trade complex to the value of 10 million Euro. It will build a multi-functional center comprising of residences, offices and parking lots on the site of the former factory “Balkancar – 6 September”, on area of 200 decares. It will comprise 9 buildings situated on total area of 67 000 square meters. Leading European and Bulgarian companies compete themselves for the construction of offices and warehouses there. Lithuania, Poland and Romania are the next countries in the classification. Malcolm Yaxley, 55, gave up his construction job in the UK and moved to Veliko Tarnovo last year. Maybe this is what attracts storks to the place – actually, the first stork I saw in Bulgaria was in Pchelinski Bani. Now there are so many Britons in the city that is becoming known as one of the places at the forefront of the British invasion. On February 5, the magazine A Place in the Sun reported that Bulgaria was the third most-popular country for investments in real estate in Europe. On February 7, the Guardian reported that Bulgaria, together with Poland, Estonia and Denmark, was among the European Union countries with a steady increase in property prices in 2006. One of the most precious findings in the temple of Cybele is a 50-centimeter-high Doric column with a well-preserved inscription addressed to the Roman emperor Valerius Licinianus Licinius. Part of the areas is envisaged to be rented out. Recently a representative of the Bulgarian National “Real Properties” Association mentioned in an interview that oil companies from Russia, Great Britain and Israel show interest in the building of closed-type residential complexes near Varna. Romania takes the 45th place together with South Africa, the Dominican Republic, Brazil, Chile and South Korea. Ryan Air is expected to open this year routes from Plovdiv, Bulgaria's second biggest city, to Britain, Spain and Germany. Scientists will soon develop a project for adapting the unique archaeology monument of antique art to the surrounding buildings. Sky Europe marketing and sales director Krasimir Tanev expects the share of no-frills carriers of Bulgaria's aviation market to increase from 7-8% at present to 20% by the end of 2007. Some of the main reasons for that are surely the accession of Bulgaria to the European Union, as well as our country’s opening towards new entrepreneurs. Starting in June, Wizz Air will fly from Bulgarian coastal city Burgas to Budapest, Katowice and Warsaw. Still, it remains the best place for living in the world because of the high-speed trains, the good hospitals, its culture, its ski resorts, its beaches and mild climate. Strangely enough, this change of rules was not made public by the Migration Directorate and it became known to The Sofia Echo only through a reader of the newspaper, a citizen of an EU country, whose identity card had expired and had to get a new one. That will be a big complex with business buildings, warehouses and logistics areas of nearly 115 thousand square meters. The archaeologists believe this is the biggest temple of Cybele in Bulgaria. The area where the town is being built is 400 decares big. The building works will begin during the spring and they are to be completed in a 5 years’ term. The carrier expects to fly 150,000 passengers to and from Bulgaria in 2007. The center will be built on area of 22 decares. The changes follow the recently adopted law for EU citizens and members of their families entering, residing and leaving Bulgaria. The city used to be best-known for being the home of Trifon Ivanov, the bearded football defender who helped Bulgaria reach the World Cup semi-final in 1994. The climate is unexpectedly milder than in Sofia. The company has received a first class investor certificate. The company’s business is shipping activity and international transport services. The complex will comprise of 40 houses and 330 apartments. The complex will comprise of multi-functional business center with office buildings, logistics base, storehouse areas and a hotel. The construction of a railway road in the zone is also being discussed. The construction of Business Park Varna - the most contemporary high-technology complex in the country - continues during 2007. The construction will be executed by stages. The demand is multifarious and not only for closed-type residential complexes. The dimension of the transaction is still unknown. The document contains only the name, sex, date of birth, date of registration, date of expiry and a police stamp, possibly making forgery very easy. The event will be opened by Prime Minister Sergey Stanishev on Wednesday. The event will gather for the first times the tourism ministers from the Balkan region. The first one will be fulfilled for the period 2007-2009. The forthcoming building of Danube Bridge 2, that connects Vidin with Kalafat, will make the connection between Bulgaria, Romania and Serbia easier and the presence of the mall will definitely popularize the Danube town in Bulgaria and in the neighbor countries as well. The Guardian quoted a survey done by the Royal Institution of Chartered Surveyors, which analysed price growth in 26 European countries. The infrastructure is finished and the building works will soon be started. The investment will amount to more than 15€ million. The investment will amount to more than 70€ million Euro. The investor is “Tishman International”, and the envisaged investment amounts to 200 million Euros. The law, in force since October 3 last year, makes a distinction between EU citizens and nationals of other countries. The locals expect it to bring more opportunities for business and development. The mall will be built at the place of the abandoned theatre constriction. The new regulation replaces the identity cards (lichni karti) issued to EU citizens living in Bulgaria with new residence permit cards, or certificates as they are officially called. The next countries that take places among the first five in the world are Australia, the Netherlands, New Zealand and USA. The offices will be situated in a center with a 30-storey panoramic tower. The oil corporations are a fraction of the foreigners who recently have been interested in Bulgaria, wrote “Digest Nedvijimosti”. The plot has already been bought from the Municipality and the construction works, financed by Italian funds, are to begin this year. The project envisages 12 types of houses with area between 180 and 330 square meters together with the garages and verandas. The report also has information on Bulgaria and Romania. The residences will be situated in separate buildings. The sixth edition of the conference to run January 10-11 at Kempinski Hotel Zografski, in Sofia, will focus the eyes back on tourism, one of the country's most fast developing and promising sector. The terrain is already bought from the municipality for 615 000 BGN. The total area of the complex will be 750 thousand square meters. The town will have two public buildings of 2,5 thousand square meters each, with a nursery school, a restaurant with a bar, a supermarket, shops and offices. Then, the view from Rila Mountain is absolutely stunning. There will also be a hotel with 250 rooms and conference halls there. There will be warehouses and offices in the building. These certificates are still issued by the National Police Service Migration Directorate. They have purchased apartments-to-be-built in a residential complex that will be constructed in proximity of the covered swimming pool above “Chaika” quarter. They own 55% of the “Super Borovets” project. This distinction is in line with Bulgaria’s obligations to the EU since the country became a member state on January 1 2007. This initiative in Vidin will be successful because of the constant stream of visitors from Romania and Serbia. Thus the biggest construction company will construct the “Super Borovets” project. Thus, the region has turned into the most attractive one for the construction of logistics, warehouse and industrial sites. Turkey, Cyprus, Greece and Portugal were also among the top 10. Unofficial data shows that the amount is between 25 and 30 million BGN. Until now “Glavulgarstroy” owned 25% and the municipal has 20%. Vidin doesn’t leave behind from the new trends in the field of development of modern malls. WB's report is named EU 8+2 and provides data on the eight countries from Central and Eastern Europe that joined EU in 2004, excluding Malta and Cyprus. Well-established locations started to lose their market share at the expense of new destinations like Bulgaria, Dubai and Cape Verde. With Borovets only 30km away, the village climbs into nearby hills and a stream flows through it. Words of welcome will be said also by Sofia Mayor Boyko Borissov, Stanislav Novakov from the state Tourism Authority and Mathieu Hoeberigs from the Tourism Unit of the European Commission.
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