Four Villas Not Far From the Beach - ID 3434

Bulgarian Builders Facing Bankruptcy 21/03/2008
SOFIA, Bulgaria -- Bankruptcies in Bulgaria's construction sector are likely to increase by about 50 percent this year, global risk management consultancy Coface said last week. "We expect the risk in the construction sector to keep increasing, and the main reason is widespread and badly planned construction on the Black Sea coastline and in mountain resorts," Kamelia Popova, head of Coface's Bulgarian arm, told a news conference. Official data showed 15 construction companies went bankrupt in the Balkan country last year, out of a total of 240 bankruptcies, Coface officials said. Real estate deals and construction have boomed in the European Union newcomer in recent years, partly fueled by increased foreign demand. Property prices in Bulgaria are low compared with... more

Britons Travelling Further Afield 10/03/2008
A number of factors are currently drawing people from the UK outside Europe and further afield, an expert has revealed. Francesca Ecsery of Cheapflights.co.uk told Travel Trade Gazette that exposure to other cultures was tempting Britons to explore different countries first-hand. For example, she stated that the popularity of many foreign recipes in the UK had encouraged people to check out the genuine article in its country of origin. Ms Ecsery added that current exchange rates were also influencing Britons' travel habits, as the pound and the euro are both quite strong. She commented: "Your money doesn't take you as far as it would further afield." This, she added, means that travelling to a long-haul destination can ultimately be much cheaper than visiting a eurozone... more