 Fewer tourists and lower revenues may push many hotels, who are now balancing on the verge of bankruptcy, past that line, while those tourists that do come to the country could face poorer service, the result of low wages in the tourism industry. | Latest News 16:49 Sat 10 May 2008 - Alex Bivol Poor infrastructure, polluted beaches, low standards of construction, noisy building sites, poor service and bankruptcies will put Bulgaria's Black Sea resorts under pressure this summer, British newspaper The Telegraph reported on May 9. read more  |
Africa Israel Investments, an Israeli real estate developer, will finance Business Park Varna in Varna, on the Bulgarian northern coastline, Reuters news agency reported.
Its subsidiary, AFI Europe, and Investcredit bank AG signed an agreement to this effect. AFI Europe will read more
As a result of the real estate crisis in Spain, nearly one third of the 1.8 million lodgings build since 2005 cannot be sold, Spanish daily El País read more
By the end of the year Serbian Delta Maxi plans to open 10 new supermarkets in Bulgaria, as part of its regional expansion campaign, Serbian broadcaster B92 reported.
Delta Maxi bought a majority stake in Bulgarian retail chain Piccadilly last year, at which point its CEO read more
Poor infrastructure, polluted beaches, low standards of construction, noisy building sites, poor service and bankruptcies will put Bulgaria's Black Sea resorts under pressure this summer, British newspaper The Telegraph reported on May read more
Bulgaria is the third most-attractive destination for foreign investments in Southeastern Europe after Turkey and Romania, according to the Southeast Europe Attractiveness Survey 2008, compiled by the independent market researcher CSA at the request of Ernst & Young and read more
Petar Pandourski was dismissed from his post as head of Defence Ministry's state property executive agency, the ministry's press service said on May 8 2008.
The reason why Defence Minister Nikolai Tsonev had decided to sack Pandourski was because he did not carry out read more
Over the past two years, Greece has staged a “real onslaught” onto the Bulgarian and other Balkan markets, Greek business newspaper Imerisia reported on May 7.
Greek construction companies, mainly from the northern part of the country, have been building large residential, read more
A total of 103 000 Bulgarians, 10 per cent of whom were expatriates, have voted so far in a national campaign to select their favourite Bulgarian symbols, Violeta Ivanova, chair of the Bulgarian Association for Business and Tourist Information (BABTI), told a round table. read more
Working 'smart' is more important than slaving for long hours, says Atanas Garov, managing director of Colliers. And his record speaks for itself... It's 6pm on a bitterly cold December evening in Business Park Sofia. Staff at the Holiday Inn and surrounding cafes are fiddling read more
Yellowrose Ltd will start construction of a hotel in the town of Batak, the local newspaper Zname (Flag) reported on March read more
Global house price report for 2007www.homesgofast.comThe site reports on a worldwide property survey by economists at Global Property Guide on last year's international house prices. The survey's findings confirm a crash in the US housing market, a slowdown in Europe's housing read more
Based on Artu Paasilinna's bestselling novel, the film Vatanen's Hare tells the story of a life-changing trip around Canada. The movie was shot in Velingrad two years ago. The producer's decision to use this relatively unknown Bulgarian spa resort, 133km south of Sofia, caused read more
The Russian appetite for foreign real estate is still in its infancy, particularly compared to the overseas buying frenzy among the British. Yet there is every sign that Russian buyers are on the move, aided by a flourishing domestic economy and an ever-widening choice of read more
As affluence grows, more people can afford to buy a luxury property. By doing so, they acquire not only a unique asset but also a wise investment for their futures. Bricks and mortar, especially an upscale development, appreciate in value more than a high interest read more
The Latvian example is a shocking reminder that an increase in real estate values is not inevitable. The property meltdown that has befallen the Baltic over the past year did not stem from economic conditions in Europe. Rather, it was a serious disintegration triggered by read more
Real estate development is a lucrative large-scale business. So it's unsurprising that some greedy investors have an interest in exploiting every square centimetre of their plot. Unfortunately, this attitude undermines the appeal of a building as well as the comfort and read more
After an avalanche of investment in shopping centres in Sofia, Varna and Plovdiv, another trend has emerged. Entrepreneurs targeted smaller regional urban centres where markets have not yet reached the maturity of the "big three". Realtors have one simple rule for malls: one read more
