Development Land Next To A Golf Court - ID 2528

Billionaire Levievs Afi Development Doubles 2007 Profit 28/03/2008
Russian property investment company AFI Development Plc, owned by Israeli billionaire Lev Leviev, nearly doubled last year, boosted by the rising demand for high-quality office and residential space on Moscow market, the company said in a statement on March 27. Net profit rose by 93 per cent to $215.6 million year-on-year, from $111.9 million in 2006. The value of AFI's property portfolio went up by 4.6 per cent to $5.9 billion in the second half of 2007. Investment last year was $967 million, AFI said, without giving comparative figures. The company raised $1.4 billion in an initial public offering (IPO), performed in May last year. The amount of “fresh” resources will be poured in property purchases in the Russian capital, according to AFI’s prospectus.   AFI's London-listed... more

Germans Rediscover Bulgaria As Holiday Destination 11/03/2008
Germans are once again starting to book Bulgarian holidays after a two-year withdrawal, Dnevnik daily reported on March 11. The positive signals came from the last week's International Tourism Bourse (ITB), the annual business-to-business industry event, the daily claimed. Industry experts said German bookings in Bulgaria should see a five-per-cent increase this year to around 400 000 in 2008. Statistics from Bourgas and Varna airports on the Black Sea showed that 390 000 German tourists came to the country on trips arranged by tour operators and that is considered the official figure, but the total number of Germans that landed in the two airports was 600 000. Three to four years ago, the number of German tourists peaked, but was followed by a significant drop as the German... more