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Archive for March, 2008

First tourists for summer 2008 season land in Bourgas

Sunday, March 30th, 2008

The first group of 74 foreign tourists for the new summer season arrived at Bourgas airport aboard a lowcost Sterling airlines plane from Copenhagen on March 30, Bourgas city hall said in a statement.

Kamchiya resort to receive heavy investment, mayor says

Sunday, March 30th, 2008

The resort village of Kamchiya, located 28 km southward from Varna, will attract significant investment to the tune of between 200 and 250 million euro over the next two or three years, Avren municipality mayor Krassimir Todorov said, as quoted by Bulgarian news agency BTA.

Israeli Electra to develop residential scheme in Varna

Sunday, March 30th, 2008

Israeli real estate developer Electra Group has started construction on its first Bulgarian project a gated residential community in Varna, to be named Botanic VIP Residence, the companys sales manager Petar Petrov told Dnevnik daily on March 30.

Bulgarian investors eye properties in the US

Sunday, March 30th, 2008

The financial crunch and a feeble dollar are not such bad news for the United States property market, Pari daily reported.

About 60 per cent of the apartments in Winslow Gardens sold offplan

Sunday, March 30th, 2008

Investment company Winslow Developments has sold about 60 per cent of the apartments in its residential complex Winslow Gardens in Sofias Manastirski livadi borough even before starting construction on the first phase of the gated community, the company said in a statement on March 31.

DNCS issues 193 demolition orders for seaside buildings

Sunday, March 30th, 2008

Bulgarias Directorate for National Construction Supervision DNCS has issued a total of 193 orders for the demolition of illegally constructed buildings, including 94 on the north coastline and 99 along the southern coast, DNCS head Ivan Simitchiev told a news conference in Bourgas on March 31, as quoted by Dnevnik daily.

Mixeduse development to sprawl on site of former Ramstore in Zapaden Park

Thursday, March 27th, 2008

A modern office and retail centre will spring up on the site of the former Ramstore hypermarket in Sofias Zapaden Park Western Park neighbourhood, Dnevnik daily reported. The project, which is still in an incipient stage, is developed by the plotowner Israeli national Ori Niv and his company On Bulgaria.

Sofia will have more than 1M sq m office space in 2008

Thursday, March 27th, 2008

Sofias office space market registered another quarter of strong performance at the end of 2007, according to the latest MBL consultancy report.

Germanwings renews flights to Bourgas, Varna

Thursday, March 27th, 2008

German nofrills airline Germanwings, owned by Lufthansa, will renew flights between the CologneBonn and BerlinSchoenefeld airports in Germany to Bourgas and Varna airports in Bulgaria in May this year, according to its summer season schedule made public on its website.

Malls in Sofia to triple in space by 2010

Thursday, March 27th, 2008

After the success of the first four malls in Bulgaria, this sector emerged as one of the most attractive investments last year, Pavlina Nikova, project manager in Forton International consultancy, said, quoted by Pari daily.