Traditional Wine Expo 'vinaria 2008' Starts In Sofia 27/03/2008
The 16th edition of the International exhibition for viticulture and wine production “Vinaria 2008” starts today at the International Fair in Plovdiv (Bulgaria), informed BTA. 554 countries from 32 countries will take part in the event. Co-organiser of the event is the National Vine and Wine Chamber. The 'Vinaria' exhibition is included in the calendar of the Global association of the exhibition industry – UFI since 1997. “Vinaria” presents the novelties in the field of vine-growing and wine production throughout the world. Every year the event grows in scale and in number of participants. This year it will be opened by the minister of economy and energy Peter Dimitrov. Within the framework of the exhibition, a conference on the development of viticulture in the South East... more

Developers Queue To Buy Land In Bulgaria. 19/03/2008
About 30 developers and property hunters line up on an empty white sand beach, straining to hear the English translation of a speech from Krasimir Todorov. Todorov, the mayor of Avren, is trying to sell 300,000 sq metres of municipally owned land south of the Black Sea port of Varna. It includes a thick strip of forest and hot mineral springs suitable for spa treatments, and it borders the Kamchia River that is part of a protected environmental area. “This is one of the prime properties along this coast,” he says, gesturing towards the sea. “We offer an excellent return for investors but also a great place for a holiday home.” His sales pitch seems to be working. The Moscow government has already invested in this area of Bulgaria’s coast, with plans to build two five-star hotels on a... more

Closed Type Complexes Go Into The Fad 12/03/2008
The real estate market is growingly orienting toward building the so-called “closed type” complexes, namely such offering many amenities in one place. The trend is pervasive and is in place at the seaside, mountains and Sofia alike, Ivan Goranov, the co-manager of Home4You consultancy, said in an interview on October 12 with Focus news agency. Goranov cited the complexes in Bankia and Bistritsa as examples and said the complexes' fad will be gaining pace in the years to come. “This is the future – people are on the lookout for many amenities at a single spot,” Goranov was quoted by Focus as saying. “The closed-type complex offers precisely this. In such complexes people can enjoy a well-developed infrastructure and a host of services such as fitness, spa centres, tennis... more

Plaza Centers Acquires Sixth Project In Romania 15/03/2008
Plaza Centers N.V, a leading emerging markets property developer, announced on February 10 2009 that it had acquired a site in Hunedoara, Romania. The 41 000-sq m site near Hunedoara city centre would be developed into a modern shopping and entertainment centre, with a built area of 28 000 sq m, and 20 000 sq m of lettable space. The centre had a catchment area of 500,000 people in the region, the developer said. The development project is expected to cost approximately 37 million euro, with construction due to start in mid-2008 and be completed in the first quarter of 2010. This acquisition represents Plaza’s sixth development scheme in Romania since it acquired its first project in November 2006. The company’s other projects in Romania include its developments at Slatina, Iasi,... more

Central Mall In Bulgarias Veliko Turnovo For Sale 10/03/2008
European Convergence Property Company (ECPC) investment fund was considering offers from possible buyers of the Central Mall in Veliko Turnovo, the fund said, in a statement to the London stock exchange. The sale was to be concluded in the beginning of 2008, investor.bg reported. According to the ECPC statement, the mall was almost completely let out. ECPC admitted that the construction suffered minor construction defects, which were being fixed by the constructor. The investment fund announced its intentions to sell the commercial complex as early as in Augusts 2007. By that time the fund sold its three malls in Romania to the German DEGI Deutsche Gesellschaft fur Immobilienfonds mbH (DEGI) for 110.5 million euro. ECPC explained its withdrawal from Bulgaria and Romania with... more