Bulgaria Loses Appeal As A Property Hotspot Financial Times 14/03/2008
In their search of high yields and satisfactory capital raise, entrepreneurs have set their sights on quite out-of-the ordinary destinations like the districts surrounding Mongolia's copper mines or western Canada's oil reserves, as the newer investment areas such as Cape Verde, Morocco and Bulgaria have started to overheat, a recent Financial Times (FT) report says. Rightmove.co.uk property search engine shows that interest in Bulgaria has dropped by more than one third since January this year. Real estate prices in Bulgaria have risen by more than 30 per cent in 2007 and in the last three years alone, they have posted almost a 300 per cent growth, according to some analysts. However, after the initial boom, when property market witnessed a surge of investors, drawn by... more

Optimism High In Bulgaria 20/03/2008
Accession to the European Union is inevitably going to play a central role in the future of property investment in Bulgaria. Bulgarian property is already proving popular with investors looking for long-term capital growth, but there is no doubt that accession to the EU will encourage many more to purchase properties in the country with a view to capitalising on the extensive house price growth that will presumably ensue. The road to EU membership has certainly been a bumpy one for Bulgaria and reports on its progress have let officials know that there is still some work to do. Despite this, financial experts in the country are seemingly confident that everything is on track to join on January 1st next year. The implications for property investment could be immense. Speaking to the... more

Cba Asset Management Opens Veliko Turnovo Hypermarket 28/03/2008
The first hypermarket of the CBA Asset Management chain in Veliko Turnovo opened its doors on March 27 in Retail Park Veliko Turnovo, company officials told investor.bg. Technomarket, Danish homeware retailer JYSK and a number of other retail chains opened their outlets in the shopping centre on the same day. Investment in the hypermarket exceeds two million leva. The shop has 10 cash-register terminals and an own 80-car indoor parking. It will employ 80 people. The retail unit will be managed by CBA Asset Management's subsidiary in Veliko Turnovo, which has 15 supermarkets in the area, generating 44.7 million leva in operating revenue and a net profit of 1.4 million leva in 2007. The second hypermarket of CBA Asset Management will open on April 3 in Sofia -  its first unit in... more

Where To Live Abroad - 6 Of The Best Nations For Expats 11/04/2008
With news that 10% more people expatriated and left the British Isles for a better life abroad in 2007 than in 2006 and that 2007 was a record year for emigration from the UK, we thought we’d give you a breakdown of where to live abroad if you’re thinking of joining the ever growing ranks of British expats seeking a new life overseas. We will profile 6 of the best, most popular nations with British emigrants so that you can pick the nation that most fits your lifestyle requirements.  We’ll look at visa requirements, the best cities for jobs and mention any emerging parts of the nation in question that might be worth closer inspection if you want cheaper property prices or perhaps a more laid back way of life. 1) Australia – Britons emigrating to live in Australia require a visa for... more

Municipal Councilors Delay Start Of Banya Golf Resort Project 25/03/2008
Karlovo mayor Naiden Naidenov and a number of municipal councillors are trying to delay businessman Hristo Kovachki’s project for the development of the town of Banya as a tourist destination, by insisting on his clarifying the origin and the volume of the investment, Dnevnik daily reported on March 24. The municipality and Banya Golf&Spa Resort company, controlled by Kovachki, set up the joint stock company Sporten Complex, with Karlovo town hall contributing 12ha of municipal land and the private enterprise pouring 15 million leva in the firm’s capital and committing to invest another 60 million euro in the construction of a multipurpose sports, golf and villa compound in Banya. In compliance with anti-money laundering regulations, the municipality is obliged to inform the Financial... more