17000 sq m 5 km from Yambol - ID 3313

Ikea To Redirect Investments From Poland To Bulgaria Or Romania 01/05/2008
Swedish IKEA furniture retailer has threatened to freeze the investments in Poland and redirect them to Bulgaria or Romania, Polish Puls Biznesu business daily reported, quoted by Sofia Echo. The company became angry by legislative limitations regarding the operation of large commercial sites. Sofia Echo explains that Poland introduced legal changes, which narrowed the range of opportunities for their operations and curbed investments in the field. The investments are on the amount of 300 million EUR and are to give 3,000 work positions. IKEA had intentions to open eight new stores and malls in Poland each worth 200 million EUR. As we already informed you IKEA plans to build three hypermarkets in Bulgaria. They are foreseen to start operating in 2009 and 2011. more

Large Players Head For The Northern Black Sea Coastline 15/03/2008
In an attempt to attract affluent tourists, local business people have opted for luxury construction at certain destinations along the northern coastline, which have not yet suffered the consequences of over-construction, Standart daily reported. These are some of the projects under development:  ** July Morning, a seaside resort, which will spread over 95 000 sq m of beach-front sea land, situated next to Kavarna. This will deliver about 400 apartments. Construction is expected to start in spring. The investor is Bulgarian Land Development, headed by Dimitur Spasov. ** Harmony Hills in Rogachevo village, near the Albena resort. ** Holiday villages near Kranevo and Obrochishte. ** А hotel in Kavarna area, owned by Nikolin Gavrailov, managing director of the NVG Group that... more