News

Bulgaria's power regulator has launched a competitive procedure for the award of a gas distribution licence for the territory of ski resort Bansko.
The submitted bids will be unsealed on February 19, 2007.
The recipient of the permit will be required to install the gas distribution network at least partially by the 10th year of the permit's entry into force.

HARDLY a week seems to go by without the announcement of a celebrity-endorsed golf development, whether it’s Ian Woosnam bringing bunkers to Bulgaria or Jack Nicklaus advertising Polaris World’s golf resorts in Murcia. In recent years the likes of Nicklaus, Arnold Palmer and Gary Player, who have been putting their names and expertise to golf-course development for decades, have been joined by Woosnam, Nick Faldo and Seve Ballesteros all lending their considerable sporting reputations to projects from Faro to the Far East. Sixty per cent of all golf courses also have property as an integral part of the scheme. And, for developers whose projects overlook the fairways and the lakes, the bonus in terms of price and prestige can be enormous.

50 minimize copies of the most important culturally – historical monuments will be located over 1000 decares near the sea. This was announced by the author of the idea Vanko Ivanov, who is the manager of a Plovdiv’s tourist company. The first of its kind attraction park “ Bulgaria in miniature ”will be located some 6 km away from Sunny Beach resort and will cover an already bought land.

A Thracian town dating back to IV century B.C. in central Bulgaria has the potential to become one of the country's archaeological hotspots, according to experts.Local authorities in the town of Kazanluk plan to turn it into a place of great importance to Bulgaria's tourism. The municipality and four Dutch companies will set up in September a foundation, aimed to promote the ancient town and fund its restoration.

It is that time of year again, you dig out your less than comfy ski boots from the back of the cupboard, the kids get excited about making snowmen, and with winter drawing in it is time to book your ski trip. Whereas 5 years ago your choice would have been simple, you flick to ‘A’ for Alps in your ski brochure and you are on your way, however today the opportunities for ski trips are endless including the opportunity to purchase your own ski property overseas. If it is value for money you are looking for and a family resort suitable for the little dare devils then Bulgaria is your number one choice, especially for purchasing your second home.

A central Bulgarian village, far away from the modern civilization, is on its way to attract the attention of a large number of investors from both Bulgaria and abroad.
The village of Voynezha, whose inhabitants still do not have telephones in their homes, proved to be an attractive place for investments over the last year, local media reported.

The volume of construction works in Bulgaria will expand by 15% over the next three years, the Bulgarian Building and Construction Chamber Simeon Peshov predicted. The current pace of development of the construction sector is indicative of steady economic growth, Peshov added.

Property prices were registering the highest increase in East European countries, data of the British property company Knight Frank, presented in Financial Times shows.
Japan continues struggling with price decrease, the report said. Property in Hong Kong was also losing value after a previous boom

Over the first six months of the year the direct foreign investments in Bulgaria were 1.411 billion euro, sources from the Bulgarian National Bank (BNB) said. This is by about 75% more than they were in the same period of the last year. The share of foreign investments in real estates and business services is the biggest - 538.5 million euro.

Nearly 82 per cent of the measures listed in the action plan for Bulgaria’s on-time EU accession were already applied, European Integration Minister Meglena Kouneva said.
Bulgaria needed to prove it was moving towards stability and pursuing its goals, Kouneva said. Officials were working in co-operation with the European Commission and were ready to react fast in case new signals were received, Kouneva said.