News

The consortium formed by Greek companies Gek Group and Lamda Development plans to invest 5 mln euro in a 13,500 sq m site in Sofia, reports news outfit SeeNews.

Finnish Ambassador Kauko Jamsen officially presented Monday the country's honorary consul in the Black Sea town of Varna Krassimir Ganchev.

An exhaustive article about Bulgaria, the headline reading "Bulgaria -the Rose of the Balkans", was published in the latest weekly issue of one of the most influential French magazines Paris Match.

Seaside resort Golden Sands' new water purifying station will cost about EUR 10 M, Bulgaria's Deputy Regional Development Minister Dimcho Mihalevski has said.

Legend has it that when God handed out land to different peoples, he forgot about the Bulgarians. To set things right, he took a piece of paradise and gave it to them.

The first passenger jets will land on the new runway of the Sofia International Airport in early September, said the airport's executive director Plamen Stanchev on Monday, June 19.

Three projects were picked up as winners in the contest for visual design and functionality of the future - and first for Bulgaria - skyscraper to rise in Burgas, on the Black Sea.

The establishment of more industrial zones and reduction of the corporate
tax are placed as top priorities for the new management of the state-run
investment body.

Within two years the National Electric Company (NEC) will construct several new substations along the Black Sea coast with a view to improving electricity supply in the area. The statement was made on June 15 by NEC executive director Mardik Papazyan in the sideline of the Energy Forum 2006 international conference in Varna (on the Black Sea).

Austrian oil and gas group OMV said it has invested 4 mln euro in the petrol base in Bulgarian city Vidin, on the Danube, it acquired earlier this year.