 | Construction 13:48 Mon 10 May 2010 Combined construction in Bulgaria suffered a 20 per cent dip in March 2010, according to latest data released by the National Statistics Institute.
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12:31 Fri 23 Apr 2010
The Road Infrastructure Agency is due to sign the contract with Magistrali Trace on April 23 for the construction of the motorway section spanning from Stara Zagora to Nova Zagora, Dnevnik daily said.
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14:39 Tue 20 Apr 2010 - Nick Iliev
The industrial and business area around Tsarigradsko Chaussee is poised to become Sofia's leading business destination by the end of 2010, Dnevnik daily reported on April 13 2010. read more
16:35 Tue 06 Apr 2010 - Nick Iliev
Nine construction companies, from Sofia, Plovdiv and Varna, and 11 consulting firms are competing for the major rehabilitation project for Pazardjik town centre, Stroitelstvo Gradut weekly reported on April 6 2010. read more
17:29 Wed 17 Mar 2010
Decline in construction in the euro zone marked a considerable decrease, accounting for a 12.5 per cent slump across in January on annual basis, data from Eurostat revealed in a media statement on March 17 2010.
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15:27 Mon 15 Mar 2010 - Nick Iliev
Construction on the new waste recycle depot in the northern Bulgarian town of Pleven will cost up to 25 million euro, town mayor Naiden Zelenogorski, was quoted as saying by Stroitestvo Gradut weekly on March 15 2010. read more
13:52 Tue 23 Feb 2010
Real estate management company Tishman International Companies conducted a business meeting with Bulgaria's trade attache in the country's diplomatic mission in California on February 23 2010, a company media statement said. read more
14:04 Mon 11 Jan 2010 - Nick Iliev
The Bulgarian construction sector shrank by 21.9 per cent in November 2009, compared to November 2008, the Bulgarian National Statistics Institute (NSI) reported on January 11 2010. read more
12:17 Thu 17 Dec 2009 - Nick Iliev
Construction companies which until recently were in the business of developing and building residential complexes, golf courses and holiday homes, were redirecting their resources towards road construction, Bulgarian daily Dnevnik said on December16 2009. read more
17:06 Thu 03 Dec 2009 - Nick Iliev
The largest amount of new residential buildings completed for the third quarter of 2009 was registered in Bulgaria's Black Sea coastal city of Varna, the National Statistics Institute (NSI) said in a media statement on December 3 2009.
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14:12 Tue 24 Nov 2009 - Nick Iliev
The National Statistics Institute has recorded a reduction in real estate construction permits in the third quarter of 2009, Dnevnik daily said on November 23 2009. read more
14:12 Mon 23 Nov 2009 - Nick Iliev
Plana Properties are set to launch the construction of the modern Apollona Houses complex, consisting of 10 luxury homes in an enclosed parcel, while Austrian Immorent is set to erect 15 condos featuring 200 flats in Simeonovo. Both projects are worth about 38 million euro, Dnevnik daily reported on November 22 2009. read more
16:43 Thu 19 Nov 2009 - Nick Iliev
he construction industry in Europe has marked another month of general retreat, both on annual and monthly basis, Bulgarian daily Dnevnik reported on November 19 2009, citing Eurostat statistics. read more
14:37 Wed 18 Nov 2009 - Nick Iliev
Bulgarian Property Developments (BPD) will invest 12.6 million euro in a new expansive logistics park in the northeastern Bulgarian riverside town of Rousse. Construction of the complex has been launched in the area of Slatina, where BPD secured a large parcel of land, Dnevnik daily reported on November 18 2009. read more
14:19 Tue 10 Nov 2009 - Nick Iliev
The construction sector in Bulgaria had declined by 20 per cent on an annual basis, the National Statistic Institute (NSI) reported on November 10 2009. read more
12:09 Thu 22 Oct 2009 - Nick Iliev
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia municipality, with which the administration will be entrusted with the construction of several key infrastructure projects in the city, at a total cost of 88.1 million euro, Stroitelstvo Gradut has reported on October 19 2009. read more
16:03 Tue 20 Oct 2009 - Nick Iliev
Several construction projects in Sofia, pertaining to the building of office complexes with total office space of about 160 000 sq m, have been frozen indefinitely, Anton Slavchev, manager of the offices and business parks department at Colliers real estate consulting company, told Dnevnik daily on October 20 2009. read more
17:34 Mon 28 Sep 2009 - Nick Iliev
Property in the elite Sozopolis complex, comprising about 20 single family homes and 166 other units, sells for about 3000 euro a sq m, Dnevnik daily reported on September 28 2009, citing several brokers' reports. read more
15:25 Thu 24 Sep 2009 - Nick Iliev
The Bulgarian construction industry contracted by 14.5 per cent in July 2009 as opposed to corresponding figures from July 2008. This represents its sharpest decline in several years, data from Eurostat has shown, quoted by Stroitelstvo Gradut on September 21. read more
12:31 Tue 14 Jul 2009 - Nick Iliev
The design for the first outdoors mall in Bulgaria - Strand in Burgas, has been prepared by the British firm GMW Architects, and the 60 000 sq m complex was subsequently approved and granted a building permit in June, with King Strurge being the consulting firm. Total investment for the facility is expected to top 30 million euro.
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17:46 Mon 13 Jul 2009 - Nick Iliev
The interchange terminal in Plovdiv has been awarded to a Bulgarian-Italian consortium. The Italians Net Engineering and its Bulgarian counterpart, Transgeo, who were given the tender for consulting services for the facility, have tabled an offer of 2.4 million leva with VAT, Stroitelstvo Gradut has reported.
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13:26 Tue 07 Jul 2009 - Nick Iliev
On June 2, the head of the state agency for sports and youth, Vessela Lecheva turned the first sod, initiating construction on the new Sofia Sports Hall. However, the construction process has been marred by complaints from Strabag Sports Hall.
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16:07 Mon 06 Jul 2009
Plovdiv airport's new terminal is poised to transform the region into a major tourist destination and substantially increase investment in south-central Bulgaria, Stroitelstvo Gradut has reported.
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15:14 Thu 02 Jul 2009
The Super Bourgas project, which aims to renovate infrastructure facilities and open the city to the sea was effectively given a kick start at a launch ceremony attended by Transport Minister Petar Moutafchiev, Finance Minister Plamen Oresharski and Bourgas mayor Dimitar Nikolov.
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11:06 Mon 29 Jun 2009 - Nick Iliev
Varna has passed a new bill which will protect the environment around the urban area as the city undergoes continuous expansion. The strategic plan envisages the conservation of the nature "for decades ahead", and it was formulated by a municipal team headed by professor Ivan Nikiforov, a government press release announced on June 29.
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12:10 Tue 09 Jun 2009 - Nick Iliev
The Road Infrastructure National Agency has initiated a new ambitious scheme that maps out the construction of a ring road around the town of Gabrovo, north of the Balkan mountain range in central Bulgaria, in addition to the tunnel which will be excavated under the mountain range, bypassing the Shipka summit pass, and connecting the town with southern Bulgaria, Stroitelstvo Gradut has reported.
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15:00 Thu 14 May 2009 - Nick Iliev
In Sofia for the first quarter of 2009, 19 100 sq m of new office space have been completed and made available on the market, the consultant company Forton revealed on May 12. According to the most recent report, the highest supply currently available is around the Sofia circular Road along major boulevard arteries and near Sofia Business Park.
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11:48 Mon 11 May 2009 - Nick Iliev
Hit hard by the economic downturn, a group of construction companies in Northern Ireland are considering establishing a foothold in Eastern Europe and the Bulgarian market in particular, the Bulgarian news agency, BTA, has reported.
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17:52 Mon 05 Jan 2009 - Svetlana Guineva
The Sofia Echo
The Sofia Echo
Yazov, a Plovidv-based construction company, announced that, on January 5 2009, it would turn the first sod on a 50 million euro project called Sky Buildings, Dnevnik daily reported on January 3.
The plan envisions 21 buildings on a land plot of 3.2ha with a total built-up area of 129 000 sq m, near Assenovgradsko Chaussee and Lokomotiv Stadium.
Two of the buildings meant for office spaces are to boast 27 storeys, making them the tallest facilities in Plovdiv.
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18:28 Tue 23 Dec 2008 - Nick Iliev
A 75 million leva section of highway, only four km long and an integral part of the southern half of the Sofia ring-road has been officially opened for traffic on December 23.
The project was predominantly funded from the state budget.
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11:54 Tue 16 Dec 2008 - Magdalena Rahn
The Sofia Echo
The Sofia Echo
Energy efficiency played a key role in naming the 2008 Building of the Year. The seventh annual awards were conferred at a ceremony at Ivan Vazov National Theatre in Sofia on December 15 2008.
Winning this year's competition was the Sveti Toma holiday complex at Cape Houmata, near Arkoutino by the Black Sea. The facility also won the title of Vacation Complex of the Year, both awards coming largely due to the fact that its traditional Sozopol-style architecture blended harmoniously with the local environment, a press statement read. read more
13:12 Fri 12 Dec 2008 - Nick Iliev
The offers for parcels and real estate along the route of Trakiya highway have dropped by up to 90 per cent over the past six months, Monitor daily reported on December 12. The land plots along the highway are well placed for the construction of logistical centres, petrol stations, auto services, motels and road-side restaurants, with the most popular segments being located at strategic intersections with other highways or close to major urban centres, the daily said. read more
15:00 Thu 11 Dec 2008 - Nick Iliev
The National Art Academy has signed an agreement allowing for research to be conducted for potential reconstruction and expansion of the academy’s building in Sofia, after a competition was held, selecting architect Stefan Dobrev for the task.
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11:45 Fri 05 Dec 2008 - Nick Iliev
Greek company Eurobank Properties, which won a tender to build Sofia's first skyscraper, has ultimately backed down from the deal. The company has decided, in light of the global financial crisis, not to go ahead with the project. The contemplated tower was going to rise on Todor Aleksandrov Boulevard in Sofia.
An official statement from the company said that the decision was ultimately caused by the current economic climate, the financial crunch and the negative economic forecast for Bulgaria, as quoted by the Bulgarian newspaper the Trud daily. read more
14:26 Thu 27 Nov 2008 - Nick Iliev
In the south-western Bulgarian town of Sandanski close to the Greek border, on November 27 plans for a new business centre are set to be unveiled, or the project designated as BG2005 017-454.02-01-20. The new business centre aims to facilitate business development in the region, stimulate agriculture output and develop tourism in the town, and promote trans-border co-operation and development with Greece, as reported by Stroitelstvo weekly. read more
11:28 Wed 26 Nov 2008 - Alex Bivol
The number of construction permits issued by Bulgarian authorities in July-September 2008 was 1.5 per cent lower compared to the previous quarter, at 4327 versus 4355, data from the National Statistical Institute data showed on November 26.
Albeit small, it was the third quarter of decline over the past 12 months and the trend is expected to continue as the number of permits fluctuates seasonally with fewer applications in winter, but also because the global credit crunch has forced developers to roll back planned investments. read more
14:12 Mon 24 Nov 2008 - Zornitsa Lateva
Try to imagine a colossal skyscraper in place of the statue of Sofia in the centre of the city. It would have happened too, if communist-era ambitions had been realised.
The idea of a skyscraper in Sofia goes back more than 40 years, with buildings planned near the central train station, the Solni Bazar market, on the intersection of Cherni Vruh and James Bourchier boulevards, yet circumstances always conspired against such undertakings. In recent years, dozens of projects have been put forth, every one of them claiming to be the first one. read more
11:09 Mon 24 Nov 2008 - Magdalena Rahn
Environment and Water Affairs Minister Djevdet Chakurov has issued an order forbidding construction for a year at Kaliakra, a natural site on the northern Bulgarian Black Sea coast whose preservation has been hotly fought for by environmentalists. The ministry announced this in a press statement on November 23 2008.
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10:29 Wed 12 Nov 2008 - dnevnik.bg
Bulgarian company CBA Property Investment, the real estate division of discount retailer CBA Bulgaria, has teamed up with an unnamed Israeli investor to raise a five-star congress centre and a shopping mall in Veliko Turnovo.
The news was announced during Israeli ambassador Noah Gal Gendler’s visit to the town in central Bulgaria. Veliko Tarnovo offers investment opportunities in construction, transport, tourism and trade, Gendler said. read more
11:24 Mon 10 Nov 2008 - dnevnik.bg
An 0.8 hа land plot in the industrial park of the town of Rоusse on the Danube River will go up for sale with a starting price of 25 euro a sq m. Mayor Bozhidar Yotov's proposal to sell the land needs only the municipal council's approval to go through. read more
15:08 Fri 07 Nov 2008 - Nick Iliev
The construction of the largest and most advanced velodrome in South Eastern Europe is set to begin in early 2009 in the central Bulgarian city of Plovdiv. The modern facility will be constructed in the picturesque town, over an area of 12 hectares. It will be an Olympic-sized complex, fully covered, and will be located at Iztochen Boulevard and Naicho Tsanov Street, Stroitelstvo Gradut weekly wrote on November 24 2008. read more
18:27 Wed 29 Oct 2008 - Svetlana Guineva
The Regional Development and Public Works Ministry has short-listed six architectural studios for the design of a Government centre, meant to rise on the area near the sixth km of the Tsarigradsko Chaussee Boulevard in Sofia, Dnevnik daily reported.
Out of 19 applicants, the ministry short-listed Foster+Partners, a London-based firm led by world-renown architect Norman Foster, Zaha Hadid Architects, French studio Dominique Perrault Architecture, Obedinenie G-3, the studio of Bulgarian architect Georgi Stoilov, Italian studio Massimiliano Fuksas Architetto and consortium ADAIS proekt with Stoilov presiding over 18 companies involved in design, construction and planning. read more
17:17 Fri 24 Oct 2008 - Svetlana Guineva
Belgian company Ilpa Development will invest 25 million euro in the construction of a combined office and retail building on Tsarigradsko Chaussee in close proximity to the Metro and Technomarket superstores. Arco Real Estate, the company presenting the project on the market, said that the investor was seeking buyers for parts or the entire building. According to website investor.bg, Ilpa Development initially had plans to sell the building off plan. The construction already began and it is expected that the project would be completed by 2010.
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18:38 Thu 23 Oct 2008 - Nick Iliev
Dimitrovgrad is set to get a brand new bus terminal by the end of 2009, even though the final documentation for the project is yet to be signed. The contract has been postponed by three months due to technical ambiguity surrounding the vertical planning of the structure, weekly Stroitelstvo Gradut reported. With construction reaching advancing stages, it was revealed that this particular part of the project needed a rethink, a re-design and subsequent re-implementation. read more
16:52 Wed 15 Oct 2008 - Svetlana Guineva
Spanish investor Hercesa Internacional plans to inject 500 million euro in Bulgaria, 210 million of which will be directed toward the building of an entire neighbourhood with fine infrastructure and even a train station to connect its residents to various parts of Sofia, owner Juan Jose Sercadillo-Calvo said at a news conference on October 8 2008, at the National Institute of Archaeology and Museum. In addition to fine quality construction and design, Hercesa Internacional says it would offer potential clients an accessible payment plan to make its product available to more people. read more
09:36 Wed 15 Oct 2008 - Nick Iliev
The municipality of Sozopol, a Bulgarian Black Sea resort town, has implemented a construction plan, which aims to attract the rich and famous. Affluent tourists will be teased with the creation of a small airport for private aircraft, with a runway spanning 1.8km between the Ravna Gora and Izvor villages, Bulgarian construction news website stroitelstvo.bg reported. Sozopol chief architect Roumen Alexandrov and the mayor of the town Panayot Reizi have unveiled the plans which also include a 30ha recreational park near Gradina Camping. read more
18:09 Fri 05 Sep 2008 - Elitsa Grancharova
The new detailed master plan for the western part of Sofia city centre, the area between the Hristo Botev, Alexander Stamboliiski, Maria Luiza boulevards and Pirotska Street envisions the construction read more
12:38 Fri 05 Sep 2008
Bulgarian Black Sea airports of Bourgas and Varna will boast new passenger terminals in 2011, the firm that holds the concession on the two airports, Fraport Twin Star Airport Management, has said. read more
11:13 Wed 03 Sep 2008 - Svetlana Guineva
The demolition of 130 old, run-down buildings in a former industrial zone of 68.8 ha began near the city of Razlog, Stroitelsvo Gradut weekly has reported. read more
09:55 Wed 27 Aug 2008 - dnevnik.bg
Property developer Winslow Development has said that it would build two more gated residential communities in Sofia, but made no investment estimate. The company is already building one residential compound in Sofia, Winslow Gardens. read more
16:42 Tue 26 Aug 2008
UniCredit Bulbank, Bulgaria's biggest bank by assets, said it would extend a loan of 30 million euro for the construction of the Vertigo Building on Bulgaria Boulevard in Sofia. read more
13:17 Mon 25 Aug 2008 - dnevnik.bg
Spain's Fomento de Construcciones y Contratas (FCC), hired to build a bridge spanning the Danube at Vidin-Calafat, has requested an extension to the project deadline and an increase in the implementation costs, a Transport Ministry official has said. read more
19:29 Thu 21 Aug 2008 - Alex Bivol
After two quarters of decline, the number of construction permits issued by Bulgarian authorities in the second quarter of 2008 rose by 24 per cent to 4355, data from the National Statistical Institute data showed on August 21. read more
19:37 Mon 11 Aug 2008 - Svetlana Guineva
The construction of a new logistics centre has begun near Slunchevo village, in Aksakovo municipality near Varna, Stroitelstvo Gradut weekly has reported. read more
17:56 Tue 05 Aug 2008
After inspecting 14 construction sites in Bansko on July 26, the Labour and Social Policy Ministry suspended work on four of them and ordered various building equipment to cease operating because of safety concerns, Bulgarian News Agency (BTA) reported. read more
18:21 Fri 25 Jul 2008 - Elitsa Savova
Representatives of Sofia’s Sredets district and the Bulgarian Academy of Science’s National Archaeological Institute have declared their disapproval of the possible construction of an 80-m high building on the site of the existing Hotel Rila.
Investor.bg quoted Sredets district mayor Margarita Gouteva as saying such for her contingent at a public discussion on plans to construct a new building at the location.
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16:13 Fri 18 Jul 2008 - Elitsa Savova
Bulgaria's long wait for an IKEA of its own is one step closer to fulfilment. read more
16:08 Fri 18 Jul 2008 - Svetlana Guineva
A Government centre will be built on the area near the fourth km of the Tsarigradsko Chaussee Boulevard, known as the Poligona ("the range") neighbourhood, the Cabinet decided at its July 17 session. read more
14:15 Thu 17 Jul 2008 - dnevnik.bg
The increased cost of construction materials and the standstill in property prices will push down the profit margins of the Bulgarian construction companies by 6-8 per cent in 2008, local real estate brokerage Yavlena said.
Currently, the profit margin per build is 30-35 per cent, considerably higher than the 10-20% margin typical for mature markets, the realtors said.
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16:23 Thu 10 Jul 2008 - Elitsa Grancharova
Construction interests united the church, archaeologists and architects to start protesting against plans for a 22-storey building meant to replace Rila hotel in the heart of Sofia.
In an interview with private broadcaster bTV on July 10, a representative of the St Nikolai ancient church behind the hotel said that the construction of the hotel in the 1940s caused a partial reduction of the church yard and cracking of one of the church walls. It is feared that new construction could further damage the church.
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15:54 Tue 08 Jul 2008 - Svetlana Guineva
Plovdiv’s architectural studio Arkont-A won the tender called to pick a design for the renovation of the city’s central railway station, mediapool.bg reported.
The National Railway Infrastructure Company (NRIC) has said, as quoted by Dnevnik daily, that the investor selected to do the renovation will also be granted building permission for additional construction in the area as compensation.
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18:51 Thu 03 Jul 2008 - Alex Bivol
The project to build a second bridge over the Danube River between Vidin in Bulgaria and Calafat in Romania has run into new snags, which may delay its completion, Dnevnik daily reported on July 3.
Rather than change the original design, Bulgaria's Transport Ministry has decided to carry out a new assessment whether the original design of the bridge will be robust enough to withstand the test of time and elements, the daily said.
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18:02 Fri 20 Jun 2008 - Elena Koinova
Cherveno Zname (Red Flag) sports complex in Sofia will be renovated into a modern sports centre that would be able to host top international sports events, Construction-Entrepreneurial Holding EOOD (CEH), the contractor picked for the revamp, said, as quoted by Dnevnik daily on June 19.
CEH was contracted by executive agency Social Activities with the Defence Ministry after winning a public bid to this effect. The ministry owns the land on which the Cherveno Zname complex is located.
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17:18 Fri 06 Jun 2008 - Elena Koinova
Spanish and Bulgarian investors announced plans to build a new mixed-use compound in the vicinity of Sofia’s central railway station, SeeNews corporate wire reported on June 5.
The complex, to be named Five Towers of Sofia, is estimated to cost 400 million euro, Krassimir Todorov of Source consultancy told SeeNews. The figure is an update from original plans because prices for construction of office buildings and retail sites has risen since conception of the project.
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17:32 Wed 28 May 2008 - Elitsa Savova
On May 28, Nike Investment Group turned the first sod of their project Central Life City Estates in Sofia’s Tsar Simeon street. The development will have 27 residential and four retail units on total built-up space of 4000 sq m. read more
13:10 Tue 06 May 2008 - Elena Koinova
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 provide 59 million euro of the funds. The cost of the building and the three existing buildings was worth 76.5 million euro.
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17:15 Fri 02 May 2008 - Elena Koinova
The Build Green CEE conference, the first ever promoting business and economic opportunities through sustainable construction, pooled 200-odd participants in Bucharest, Romania, conference organiser SOPOLEC said in a statement.
Among attendants were realtors, architects, developers, technology suppliers, public officials and media representatives.
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16:40 Wed 30 Apr 2008 - Rene Beekman
Romanian daily Ziarul Financiar reported that several foreign investors in Romania who had bought apartments in early stages of development, were putting those apartments up for sale at a significant profit even before construction had finished. read more
15:22 Wed 30 Apr 2008 - Rene Beekman
Last year was still a good one for office furniture in Romania despite delays in delivering scheduled construction projects, local daily Ziarul Financiar reported.
The total market for office furniture in Romania exceeded 80 million euro last year. According to Ziarul Financiar, an increase of 15 per cent was expected this year but the market had the potential to reach 100 million euro by 2011. read more
20:01 Fri 25 Apr 2008 - Elena Koinova
Turkish developer Kayi was named as the main contractor of Serdika Centre commercial and business complex, Investor.bg reported. The site cited a news release from Sparkassen Immobilien AG, the real estate investment trust of Erste Bank, and the German investor and developer ECE Projekmanagement Bulgaria, the two investors in the project. read more
18:05 Wed 23 Apr 2008 - Elena Koinova
With some exceptions, design, construction and operation of energy efficient buildings is a costly undertaking. Yet it will drive market transformation and become the norm in the future. This was the message of the second panel of the Build Green CEE conference in Bucharest. read more
14:49 Wed 23 Apr 2008 - Elena Koinova
Buildings account for 37 per cent of overall energy consumption. In fact, buildings and transport collectively emit 50 per cent of overall green emissions, participants in the Building Green CEE: Energy Efficient and Ecological Design for the Region conference concluded at the opening panel on April 23. The two-day conference, ending on April 24, is taking place in Bucharest, Romania. read more
20:29 Tue 22 Apr 2008 - www.sofiaecho.com
The proposal for construction of a building immediately behind the Russian Church in the centre of Sofia was withdrawn on April 22 by the same person who entered the proposal, Sofia's chief architect Petar Dikov.
Dikov said he annulled the proposal because he had not seen the drawing for the project, Bulgarian daily Dnevnik said. read more
17:27 Tue 22 Apr 2008 - Rene Beekman
ING Real Estate Development (ING RED), the real estate branch of the ING group, was planning to start a large-scale real estate project in the centre of Bucharest, Investor.bg said.
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17:28 Fri 18 Apr 2008 - Elena Koinova
Balkan real estate expo BalPEx, one of the largest of its kind in South-Eastern Europe, opened its doors on April 18. For three days, the event will showcase more than 150 urban and vacation developments, office, commercial and industrial space worth in excess of two billion euro. read more
16:31 Fri 18 Apr 2008 - Alex Bivol
Evromarket Group plans to invest 160 million euro in eight industrial-commercial parks that would be built over the next two years, Dnevnik daily reported on April 18 2008. read more
21:19 Tue 15 Apr 2008 - Alex Bivol
Sofia city hall plans to woo high-tech companies by offering a number of incentives, including real estate, the city's chief architect Petar Dikov said at the Balkan Real Estate conference (BalREc) in Sofia on April 15.
"We already have several initiatives in mind on how to draw companies using advanced technologies to the city, which include issuing construction permits," Dikov said, as quoted by Dnevnik daily.
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20:43 Mon 14 Apr 2008 - Alex Bivol
Real estate developments worth a combined two billion leva will be presented at this year's spring edition of Balkan Property Exhibition (BalPEx), which will be held on April 18-20 at Inter Expo Centre in Sofia, event organisers said on April 14 2008. read more
14:23 Mon 14 Apr 2008 - Alex Bivol
FairPlay Properties real estate investment trust (REIT), part of FairPlay International Jsc, has sealed the deal to buy a 8700 sq m land plot in Sofia's Studentski Grad neighbourhood for 5.7 million euro, value-added tax excluded, Dnevnik daily reported on April 14. read more
20:11 Tue 08 Apr 2008 - Alex Bivol
Five funds have shown interest in acquiring three unfinished buildings in the immediate neighbourhood of the St. Ekaterina and Alexandrovska hospitals in Sofia, Health Care Minister Radoslav Gaidarski said on April 8, as quoted by Bulgarian news agency BTA. read more
19:25 Mon 07 Apr 2008 - Elena Koinova
Varna municipality has earmarked 17.5ha for a new container terminal, weekly Stroitelstvo Gradut reported on April 7. read more
19:10 Mon 07 Apr 2008 - Elena Koinova
Sofia city hall-owened metro operator Metropoliten called a new tender for the construction of a new section of the metro network, Dnevnik daily reported on April 7. read more
16:34 Mon 07 Apr 2008 - Elena Koinova
Spanish developer FCC plans to build a temporary port off the town of Vidin, Dnevnik daily reported on April 7. FCC has already filed a request for a building permit and has the support of Vidin regional governor Krustio Spassov. read more
16:48 Fri 04 Apr 2008 - Elitsa Grancharova
Municipal police and a budget several times bigger than what it has now was what Sofia municipality needed to improve its traffic problems and finance general development, mayor Boiko Borissov told a business breakfast organised by American-Bulgarian Chamber of Commerce on April 3. read more
16:41 Fri 04 Apr 2008 - Elena Koinova
Repairs and revamp of the Trade Unions' Culture House in Bulgaria's second largest city Plovdiv and its re-purposing into an arts centre will start on April 7, the consortium that will carry out the works said on April 4, as quoted by investor.bg. read more
18:28 Thu 03 Apr 2008
The coastal resort of Sozopol will hold on April 6 its own referendum on Bourgas-Alexandroupolis oil pipeline project, investor.bg reported on April 3.
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13:15 Fri 28 Mar 2008
Property Commercial Ltd started the construction of the biggest recent building in Rousse, to be named Teodora, local news website ruseinfo.net reported on March 27. With its gross actual area of 22 000 sq m, it will be the biggest edifice in the Danube town built since 1989. read more
18:07 Thu 27 Mar 2008
A new sports hall, seating 3 500 people, will be built in Pazlog, Dnevnik daily reported on March 27.
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15:59 Wed 26 Mar 2008
Industrial mortars' manufacturer Maxit Bulgaria will open its plant in Radinovo industrial area near Plovdiv, the company’s business development manager Pavel Pavlov said, quoted by Dnevnik daily.
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22:29 Tue 25 Mar 2008
Engineering and construction company Enemona plans to invest about 43 million euro in Lom municipality in 2008/2009, company representatives told investor.bg on March 25.
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14:01 Tue 25 Mar 2008
The 30th edition of Stroiko 2000 exhibition will open on March 26 at the National Palace of Culture (NDK) in Sofia and will run until April 1. Stroiko 2000 is the biggest trading fare for architecture, construction and furnishing in Bulgaria. read more
15:57 Mon 24 Mar 2008
Bulgaria's transport ministry and Vidin town hall would hold monthly panels to monitor the progress of Danube Bridge 2, which will link the Bulgarian town to Calafat in Romania,
Transport minister Petar Moutafchiev and Vidin mayor Roumen Vidov agreed on March 24, Focus news agency reported. read more
11:35 Fri 21 Mar 2008 - Anelia Zaharieva
Construction works on Lyulin Highway could be fast-tracked, so that it is concluded by the end of next year, regional development minister Assen Gagaouzov was quoted as saying by Sega daily on March 21. read more
21:24 Thu 20 Mar 2008 - Anelia Zaharieva
Sofia mayor Boyko Borissov and the head of the State Agency for Youth and Sports (SAYS) Vessela Lecheva discussed the construction of new amusement and sports complexes in Sofia, Bulgarian language daily Standart reported on March 20. read more
20:44 Tue 18 Mar 2008 - Anelia Zaharieva
that would benefit everyone - from large investors to end-consumers, deputy regional development minister Savin Kovachev said, as quoted by Stroitelstvo Gradut weekly on March 17. read more
19:08 Mon 17 Mar 2008 - Anelia Zaharieva
Belgian company Etex Group plans to invest more than 120 million euro in Bulgaria, Pari daily reported on March 17.
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16:36 Thu 13 Mar 2008 - Anelia Zaharieva
Construction company Eurobuilding Engineering will open an exhibition building centre in Bourgas on March 14. The new showroom will house representative offices of the Eurobuilding Engineering Group’s subsidiaries: Anabela Build, Anabela Pools, Europlast Engineering, Europroject Engineering and Bulgarian Sun Properties read more
17:47 Wed 12 Mar 2008 - Desislava Leshtarska
Spanish GreenFuel Corporation would decide within two months whether to build a bio-fuel plant in the region of Pleven, northern Bulgaria, expert.bg reported on March 12.
The decision will be discussed at the company's shareholders meeting in May 2008, Greenfuel's technical director Antonio Jose Huertas Moreno said, as quoted by expert.bg.
Moreno and Pleven regional governor Tsvetko Tsvetkov arranged a working meeting to discuss the future investment's parameters and the production process itself.
read more13:55 Wed 12 Mar 2008 - Desislava Leshtarska
Rousse mayor Bozhidar Yotov met with Spanish ambassador Fernando Ares to discuss the projects eligible for European Union financing on March 11. This was Ares' second visit to Rousse in two months.
The priority infrastructure projects for the city hall are the modernisation of the roads network in Rousse region, as well as construction of sewerage and water-purification plants.
read more19:54 Tue 11 Mar 2008 - Desislava Leshtarska
Sofia city hall will ask for annulment of the tender for the construction of the second line of Sofia's metro network because of the high prices offered by the bidders, Sofia's deputy mayor for transport Velizar Stoilov said, as quoted by Dnevnik daily on March 11.
The decision lies with an ad hoc commission, which includes representatives of the city hall, finance and transport ministries representatives, and could decide to either negotiate down the price with the bidders or to start a new tender.
read more18:28 Mon 10 Mar 2008 - Anelia Zaharieva
More than 80 million leva will be invested in road reconstruction in Shoumen area by end-2009, regional governor Todor Todorov said on March 10 2008, as quoted by Bulgarian news agency (BTA). read more
13:12 Mon 10 Mar 2008 - Desislava Leshtarska
16:26 Thu 06 Mar 2008
The Directorate for National Construction Supervision (DNCS) checked 9 919 building sites in 2007, examining the legitimacy of ongoing works, the availability of building permits as well as construction and habitation certificates, according to the DNCS’s annual report, cited by investor.bg.
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21:02 Tue 04 Mar 2008 - Anelia Zaharieva
Bulgarian property prices posted remarkable growth in recent years, propelled by a number of factors. Primarily, the boom was fuelled by the country’s accession to the European Union (EU). This drew a considerable amount of speculative capital, according to a recent analysis in profit.bg. read more
16:54 Thu 28 Feb 2008
Bulgarian Trace Group, Patishta Holding and Glavbolgarstroy could be hired as subcontractors by the Bulgarian-Portuguese consortium picked to complete and operate the Trakia motorway under a concession arrangement, Regional Development and Public Works Minister Asen Gagauzov said on February 27, as quoted by Dnevnik daily.
On December 16, 2004, the Government awarded the concession to Magistrali Trakia Jsc, a Portuguese-Bulgarian consortium, which has to build a 190km stretch and repair 162 km of the Trakia Highway, receiving in return the right to collect the road toll for 35 years. The total length of road, which runs from Kalotina on Bulgaria's border with Serbia to Bourgas on the Black Sea via Sofia, Plovdiv, Orizovo, Chirpan, Stara Zagora, Nova Zagora, Yambol, Karnobat and Aytos, is 433km. Only 293.5 km are operational now.
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13:17 Tue 26 Feb 2008
The cabinet will propose amendments to the legislation regulating concession contracts, state properties and coastline control in order to promote public-private partnership, Prime Minister Sergei Stanishev said at a news conference. The planned changes will allow longer concession periods, which are currently limited to 35 years, and rents of state-owned land. A recent government report has found big delays in implementation of infrastructure projects in the fields of transport, energy and environment protection, among which the construction of Lyulin and Maritsa highways, the second bridge on the Danube, seven water-purification stations, six household wastes depots, modernisation of the railroad between Plovdiv and Svilengrad, modernisation and installation of sulphur purification facilities, and construction of power plant in Maritsa East coalmine complex. read more
10:17 Tue 26 Feb 2008
Construction on the second bridge across the Danube river between Bulgaria and Romania, will start in April this year, the transport minister Petar Moiutafchiev said at a news conference, held on February 25, reported Focus news agency.
Completion is due in 2010.
The council on coordination, control and implementation of infrastructure projects of national significance, attended by the Prime Minister Sergei Stanishev, has already started.
Spanish company FCC (Fomento de Construcciones and Contratas) has won the tender to develop the project that would link Vidin in Bulgaria to Calafat in Romania and also the road and rail infrastructure on the Bulgarian side.
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17:43 Fri 22 Feb 2008 - Desislava Leshtarska
Bulgarian authorities have issued 4637 construction permits in the last quarter of 2007, a decrease of 4.9 per cent decrease over the previous three months and two percent lower than in the same period of 2006, data from the National Statistical Institute data showed.
Residential developments continued to account for the largest share of the total, with 2884 permits granted for total area of area of 2.4 million sq m, compared to 3110 permits for 2.1 million sq m in the previous quarter. The number of permits for administrative buildings went up to 145 from 114.
read more17:27 Thu 21 Feb 2008
Bulgaria has absorbed about 23 per cent of the funds for infrastructure from EU's pre-accession ISPA programme.
According to data published on February 19 by the Ministry of Finance, the total sum for ISPA projects is 1.5 billion euro. However, the EU, international financial institutions and Bulgaria's co-financing budget, have paid only 347 million euro so far.
The Finance Ministry data, however, indicates that funds for contractual projects in 2007 have doubled. At the end of January 2007, the funds were only 34 per cent of the total volume of the programme, while the January 2008 report indicates the contracts already cover 70 per cent of ISPA scope. read more
18:34 Tue 19 Feb 2008 - Desislava Leshtarska
Construction on the second bridge across the Danube river between Bulgaria and Romania would be delayed by four months to September 2008, Bulgarian radio station Darik reported on February 19 2008.
The reason for the delay of the project that would link Vidin in Bulgaria to Calafat in Romania, known as Danube Bridge 2, was that Spanish construction firm Fomento de Construcciones y Contratas (FCC) had not filed its technical project with the Ministry of Regional Development and Public Works, from the Ministry claim, Darik quoted the ministry as saying.
read more16:29 Mon 18 Feb 2008 - Desislava Leshtarska
Building your own house in the UK costs 20 per cent less than buying one, Reuters reported, as quoted by Dnevnik daily. If you decide to invest in the construction of a house with three bedrooms, a living room and a kitchen box, this would cost about 283 637 euro. read more
17:42 Fri 25 Apr 2008 - Elena Koinova
ECE Projectmanagement Bulgaria, the Bulgarian arm of German developer ECE, will shortly launch construction on its 40-storey Europe Tower, company manager Plamen Ilchev told Mediapool.bg. read more
15:14 Mon 22 Mar 2010
An operation will be launched to raze illegally erected buildings along the Black Sea coast, Bulgarian media reported on March 22 2010.
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14:10 Mon 22 Mar 2010 - Nick Iliev
Bulgaria will request one billion euro from the operative programmes of the European Commission to go towards the rehabilitation of its dilapidated road network, Regional Development Minister Rossen Plevneliev was quoted as saying by Dnevnik daily on March 22 2010. read more
10:16 Tue 17 Nov 2009 - Nick Iliev
The German diversified discount retail chain Penny Market opened its first batch of 14 stores in Bulgaria, a press company release said. read more
15:05 Wed 28 Oct 2009
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev told the Bulgarian National Television on October 26.
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17:54 Mon 14 Sep 2009 - Nick Iliev
The amount of newly constructed real estate apartment blocks across Bulgaria increased by 24.1 per cent in the second quarter of 2009, according to National Statistics Institute data. read more
15:07 Fri 07 Aug 2009 - Nick Iliev
The Austrian company KIOTO - Photovoltaics will build a solar park in Tervel with a five megawatt capacity, the construction of which will commence by the end of 2009, and my mid-2010, the park is poised to be connected to the municipal electric grid of Tervel, Investor.bg has reported.
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16:05 Tue 04 Aug 2009
Exactly a month has passed since the official unveiling of the Bulgaria Boulevard in the northeastern city of Rousse, but construction work continues apace.
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12:19 Tue 16 Jun 2009
The new building of the National Academy of Arts in Sofia, which has caused controversy in artistic circles for the past three years, is being exhibited for the general public for the first time and can be seen until June 17 at the academy.
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16:29 Wed 03 Jun 2009
Varna's new court house, a lingering concept since 1937, and which 'commenced' construction on four occasions in the past 72 years, will finally be constructed.
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14:00 Tue 19 May 2009 - Nick Iliev
Investment firm Elana Holding has invested 30 million euro in the construction of a new wind park near the Popsko and Pashkul villages in Ivailovgrad municipality, Ivan Gerginov, the manager of wind electric power central in Popsko (WEC Popsko) has said. The facility, initially at least, will entail the construction of nine wind generators.
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15:30 Mon 27 Apr 2009 - Nick Iliev
The official selection process for choosing the companies that will develop two large Bulgarian lakes – Luda Yana and Plovdivtsi - has been approved by the Ministry of Regional Development and Public Works and will take place in a fortnight, Stroitelstvo Gradut has reported. read more
11:09 Mon 27 Apr 2009 - Nick Iliev
A new player looks set to make new investments in Bulgaria's real estate market. Interior Ministry chief, Mihail Mihov, turned the first sod on April 22 to start construction on the second regional police office headquarters in Stara Zagora.
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17:11 Fri 24 Apr 2009 - Nick Iliev
Investors in Bulgaria lose around 200 million euro annually. The reason? They also have to fork out the cost of development and installation of all auxiliary infrastructure that goes with the construction of those facilities, Rossen Plevneliev, head of Lindner Immobile Management has said, during a real estate conference at BalPEx.
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17:49 Wed 22 Apr 2009 - Nick Iliev
In light of the economic downturn and the de-acceleration of the dynamics in the real estate market, construction entrepreneurs and companies are re-directing their attention towards infrastructure projects, analysis from the National Statistics Institute (NSI) for February 2009 has revealed, as reported by Stroitelstvo Gradut.
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12:08 Mon 13 Apr 2009 - Nick Iliev
Architects have called for a 100m construction-free zone along the Black Sea coastline. On the back of growing public discontent they have insisted for the application of article 16 of the Spatial Planning Act which guarantees a free access to the sea for everyone.
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13:44 Thu 26 Mar 2009 - Nick Iliev
The managing board of Engel East Europe has decided to concentrate on projects in the Czech Republic, Hungary, Poland and Serbia in light of current economic developments, and limit operations in in Bulgaria and Romania only to existing projects, the company said in a filing to the London Stock Exchange, where it is listed.
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11:00 Wed 18 Mar 2009 - Nick Iliev
The owner of the property on Shipka 38, built by architect Georgi Fingov, "must implement all possible measures for its immediate thorough renovation", the order from the Sofia Municipality, RD20-12 from January 30 2009 declared, as quoted by Stroitelstvo Gradut.
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16:01 Mon 16 Mar 2009 - Nick Iliev
The National Agency for Road Infrastructure (NARI) has proposed that lots two and three of the Trakia motorway should be included within the transport operational programme at the expense of the previously designated lots two and three of the Struma motorway.
"The alleged amendment to the operational programme was tabled at a meeting conducted by the Ministry of Transport," said Yanko Yankov, the executive director of NARI, as quoted by Stroitelstvo Gradut.
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17:13 Thu 05 Mar 2009 - Nick Iliev
13:40 Tue 24 Feb 2009 - Nick Iliev
Blagoevgrad municipality has ratified a project for the complete renovation of the the town's youth centre, and the installation of a brand new drainage, electrics and sanitation system. read more
13:58 Thu 15 Jan 2009 - Nick Iliev
Kavarna's new commercial and administrative complex, the Kavarna City Centre, started operations earlier this month, Stroitelstvo Gradut weekly reported. It had taken a little over a year for Planex OOD to reconstruct and modernise the otherwise unappealing, communist-era concrete monster of a building in the centre of town, and subsequently transform it into a modern steel and aluminium-glass structure, which has now become the new administrative and business centre of Kavarna and the surrounding region, the weekly said. read more
16:35 Fri 02 May 2008 - Elena Koinova
Bulgaria’s financial holding AKB Fores will almost quadruple its investments this year to 150 million euro, the owner of the holding Nikolai Banev said at a news conference, as quoted by Dnevnik daily. Investment outlays last year stood at 40 million euro.
The figure for 2008 does not include the investment into a hazardous chemical cargo terminal at the port of Varna, Banev said. The 100 million euro project, which AKB Fores hopes to implement with strategic partners, will be built in a year and a half. Hopes are that it will emerge into the main facility regionwide and deny the competition of its counterpart in Constanta, Romania, he added.
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15:45 Fri 04 Apr 2008 - Alex Bivol
Construction materials companies in Romania are increasingly a target for investment funds, who are attracted to the sector due to its fast rate of growth and high profit margins, Romanian business daily Ziarul Financiar reported on April 4. read more
