When Enough Is Enough - Sophia Echo 10/07/2008
It would not be correct to use the term ‘saturation’ to describe the current situation on the Bulgarian property market, Evgeni Vassilev, executive director of Arco Real Estate, told The Sofia Echo. The company, an arm of the Estonian Arco Vara group, specialises in property development, investments and sales. It also conducts its own surveys, and last week it issued a statement concluding that in 2008 entrepreneurs still find commercial and business centres the most appealing projects for investment. But there was a possibility that this trend could change after 2010, when all planned construction is completed. “I like to refer to this tendency as a catch-up point, or the time when supply and demand intersect,” Vassilev said. He added that when that point is reached, only high... more

Bulgarian Seaside Resort Prices In September 27/08/2008
The price of hotels in Albena after September 10 varies between 110 and 270 levs (55-135 Euros) for a room depending on the hotel's category.A two-bedroom apartment in Sunny Beach costs 72 levs from the middle of the month onward. If you want to spend less money, you can head to Kranevo, where at the moment prices vary around 40 levs (20 Euros) per bed. In the beginning of September prices will decrease in half. You can find a bed in the seaside resort for around 10-15 levs (5-7.5 Euros) .The cheapest, however, is in October when in some hotels that are still open, the price of a single room is around 70-90 levs (35-45 Euros) in a four-star hotel in some of the resorts.At the moment the price of hotels in the increasingly popular resort Lozenetz varies between 20 and 40 levs (10-20... more

Bulgarian Kazanlak City To Have Own Airport 21/04/2008
The preparations for the construction of an airport near Kazanlak city (central Bulgaria) has started, Stefan Damyanov, mayor of the Kazanlak municipality informed. According to his words the airport will be legitimated by the international flights requirements. The airport is foreseen to have two runways and a reserve one (1,800 m), which will cover a capacity of landing planes with 40 passengers on board per day. It is expected the realizing of charter flights at the new airport. Mayor Damyanov stated that this is the biggest investment that will be implemented in 2008-2009 on the territory of the municipality - round 50-60 million BGN (25 - 30 million EUR). The municipality won't take part in the construction sides. The investor plans to finish the project by the end of 2009. more

Greenfuel To Decide On Bulgarian Biofuel Plant In Two Months 14/03/2008
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. The Spanish company might apply for first class investment certificate, which means it will invest at least 70 million leva and would allow it to acquire plots for the plant's construction without attending a tender procedure. GreenFuel Corporation has been negotiating... more

World Superstars Boost Sofia Property Prices, According To Obelisk 14/03/2008
James Gonzalez, Market Analyst at Obelisk comments, "Luxury properties are still within an affordable range for many overseas buyers, compared with more traditional markets (such as Spain or Portugal). A luxury apartment in Sofia's commuter belt averages around 135 000 euro - you would be hard pressed to find a good apartment in the Costa del Sol for that price." more