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Bulgaria is fast becoming the hottest European property destination thanks to a raft of factors which are making it difficult for British investors to ignore this Eastern European gem.With a range of beautiful landscapes spanning the cultured capital of Sofia and the ever-popular ski resorts of Bansko and Bovorets, Bulgaria is tempting more and more Brits with its endless buy-to-let possibilities.And it seems many investors would do well to enter into the Bulgarian property market before its planned entry into the EU membership occurs and prices are pushed higher.

The Government approved a package of amendments to the effective legislation, regulating the residence and employment of foreigners in Bulgaria. The amendments supplement the scope of application and the conditions for admission of foreigners on business assignments. The term “foreigner” is replaced by “workers or employees”, who are further differentiated into “workers and employees from European Union member states” and “workers and employees from third states”.
 

The Bulgarian government decided to lift the visa regime for the citizens of the U.S., Great Britain and 11 other countries, Romanian news agency Mediafax reports.
A common European rule is being introduced for issuing visas with right of residence of up to 90 days within a period six months.

Austria's EVN, the majority owner of the regional electricity distribution companies in Bulgarian cities Plovdiv and Stara Zagora, is interested in investing in waste recycling, gas distribution, water services and the purchase and construction of power stations in Bulgaria, said Stefan Szyszkowitz, chairman of the EVN Bulgaria managing board.

EVN considers as viable investment options the construction of waste recycling plants in Plovdiv and Stara Zagora.

The contract for the construction of the new Liulin highway would be signed in the Road Executive Agency on August 8, Darik Radio reported. The project will cost 148 million euro. The European Commission grants 75 per cent of the sum. The other 25 will come from Bulgaria.

The Rodopi Mountain is a place where each tree knows some legend and each meadow can tell a glorious story. It is a birth place of the legendary ancient musician Orpheus and a home of the unique wind instrument – the Rodopi Bagpipe.
The sound that swarms from the bagpipe is nothing else but the spirit of the Rodopi Mountain. As you hear the first chords of this instrument your can imagine sight of unapproachable peaks, venerable woods and mythical creatures. On 5-th and 6-th of August our team had the opportunity to feel this incredible excitement.

Bulgaria is becoming increasingly popular among Britons keen to go skiing but not wanting to pay Zermatt prices.
British Airways is among those airlines that fly to the eastern European nation, which describes itself as the "cheap ski vacation in the far east of new Europe".
The resorts of Borovets, Pamporovo and Bansko are all popular, with Austrian Olympic ski champion Franz Klammer singling out the latter for particular praise.

Bulgaria, comprising three distinct regional micro-property markets – the mountains, the city and the Black Sea Coast – has experienced a significant shift between its regions’ dominance in terms of real estate sales. One of the largest agents of Bulgarian real estate reports that it is one of the hottest property markets in the world, where Gulf investors are increasingly investing their money. By mid 2006, the mountain regions accounted for up to 50 per cent of the country’s real estate sales replacing the Black Sea Coast as market leader, which accumulates just 30 per cent.

 Bulgaria’s vacation property maintained its status as the most profitable real estate investment.A research of showed that most luxurious vacation property was located in the coastal Sunny Beach resort, Dnevnik newspaper reported.More than 1600 vacation apartments were offered for sale. Nearly half were located in Sunny Beach.

The attractive jazz festival in Bulgaria's Bansko has reached a spectacular end the past weekend, mixing jazz with exotic ethno sounds.African-American voice Sydney Ellis was the most celebrated star in Sunday night's closing gala, organizers said.