News

A ceremony related to the turning of the first sod of the Super Borovets Project was held on October 8th in the area of Pashenitsa, near the town of Samokov.

 Imoti.net  received an award in the prestigious International Property Awards 2007 in association with CNBC. 

  Unemployed Britons can now afford to live the high life, getting beer for 35p and a slap-up meal for less than £6 ... but they have to move to Bulgaria.
  A ruling in the Balkan state has forced authorities to pay EU nationals out of work in the country the same benefit rate they would get at home.

   A six-seat lift and two new ski runs will be constructed between the Pamporovo winter resort and the village of Stoikite. The route for the lift has already been prepared and trees have been cleared. The route starts from the centre of the village and reaches Snezhanka peak, Focus news agency reported.

  An ancient Thracian village will be constructed near Bulgaria's coastal town of Tsarevo under the PHARE programme as part of Bulgarian-Turkish cross-border co-operation. The village would cover 17 000 sq m of land in the Dulboki dol region above a rocky sea coast, Dnevnik daily reported.

There are plans for a grandiose tourist complex in Bulgaria’s biggest Rhodopi Mountain, where the former biggest Balkan ski resort Pamporovo can also be found. The project, called Perelik, is planned to be constructed at the foot of the highest Rhodopian peak, Perelik, and consists of 200 km ski runs and about 100 km of ski lifts.

Real estate could be the next advertising niche shifting from newspapers to online, reports said Monday. The Internet will have 60 percent of real estate ads by 2011, according to an estimate cited by Bloomberg News.

House prices in the overheated markets in Europe have begun a downturn , writes Ambrose Evans-Pritchard

  Sit in a cafe on one of Veliko Tarnovo's terraces, jutting out from a green hillside like tiers of theatre seats, and you understand why Tsar Peter II decided to put Bulgaria's capital here. Beyond the Yantra river, curling around the base of one of the biggest fortresses in the Balkans, lies fertile farmland and the thickly wooded foothills of the Stara Planina mountains - a barrier that would have stopped any medieval warlord in his tracks.

  While Tarnovo's historic centre was protected under Communism, its outskirts are still littered with disused factories and other relics of a command economy. But the city is emerging from shabbiness. A gleaming brewery, newly renovated hotels and traffic jams in steep, cobbled streets all suggest that investment in Bulgaria is no longer restricted to Sofia, its modern capital, and its Black Sea resorts. New jobs in tourism and services are helping reduce unemployment. And unlike many provincial cities that have suffered massive emigration by young people, Tarnovo has a lively nightlife, thanks to the presence of 10,000 students at Saints Cyril and Methodius University.

  Three important projects for the 2007 season for Johnson Controls Neige in Central Europe and the one that concerns Bulgaria is located in the ski resort of Pamporovo. This represents the very first snowmaking installation in this market for our company. The project includes over 20 snow producers, RUBIS type, which will be spread along a 1.7 km trail.