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Foreign investors are competing to invest in Ruse (northeastern Bulgaria). Spanish, German and Greek companies are willing to buy terrains and build factories in the future industrial park near the Danube River. The park will be erected on 64 ha of land. The main investor, the French company Montupe, will spend around 80 million euro on the project.

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The Bulgarian cabinet approved on April 27 a draft agreement on the construction of a high-speed railway network in South East Europe. The document regulates co-operation among the countries in the region in railway transport and envisages the building of a prime-quality high-speed network of 16 railway lines for cargo and passenger transport. Five of them will run across Bulgaria, passing through Sofia, Plovdiv, Stara Zagora, Varna, Bourgas, Gorna Oryahovitsa, Vidin and Rousse.

The City Center Sofia shopping mall will be opened officially on May 12

Administrative and bureaucratic procedures and the ill-developed infrastructure at the Pamporovo mountain resort were the main obstacles for building companies, according to Stoyanov, manager of a building company.

The Bulgarian Ski Federation and the Sofia 2014 Bid Committee announced today that the 2005-2006 ski season drew record visitors to Bulgaria. A celebration event was held at Sofialand and featured the resorts of Bansko and Borovetz – the two mountain venues for Sofia 2014’s bid for the Olympic Winter Games.

A completely new town will spring up in the next 1-2 years nearby Tsarevo. It will surround the famous Popski bay. The magnificent view and marvellous sea will provide good atmosphere for 25 thousand people. According to the plans of the enterprisers this will be the number of beds in the buildings which are about to be constructed.

Colliers Southeast Europe was selected as the Consultant of the Year 2005 by a jury of leading market professionals at a gala reception in Bucharest on Thursday, April 13. Our direct competitors in the run-off, other than strong local companies throughout the region, was King Sturge, CBRE and DTZ.

Preferences and shopping habits of Bulgarian buyers are shifting toward larger facilities. This trend is supported by the increasing number of international-style shopping malls currently under development, as well as the number of projects in the pipeline.

As of Wednesday Bulgarian citizens will be able to buy their own estates on the Moon, Mars, Venus, Mercury and Jupiter's satellite Yo, Kostadin Stanchev, official consul of the Bulgarian Lunar Embassy announced.