Nice Village House Near Sliven - ID 3018

Bulgaria Foreign Debt Drops 2,8% By End Of January 27/03/2008
Bulgaria's gross foreign debt falls 2,5% to 27,4 billion EUR at the end of January. The reason according to the central bank is the withdrawn of foreign deposits from local banks, Reuters informed. The foreign debt has jumped to almost 36% y / y mainly due to strong private borrowing through the last year, data showed. The debt slowed to 83,7% of GDP by the end of January, down from 97,3% a month earlier. The private foreign debt fell 3% on a monthly basis to 23,4 billion EUR, after mainly foreign banks have withdrawn some 788 million EUR from their Bulgarian deposits. Bulgaria paid a total of 1,02 billion EUR to service its gross foreign debt through January, up from 721 million in 2007. more

Foros Number Of Property Deals Will Fall This Year 04/04/2008
The number of property transactions in 2008 is expected to decline due to the withdrawal of British and Irish customers, who used to fuel the market’s development in the last several years, and the logical downswing of the business cycle curve, Foros real estate company manager Dobromir Ganev told a news conference on April 3. Despite the experts' expectations for a drop in the number of real estate deals for last year, 2007 turned out to be quite successful for property market in Bulgaria. Prices went up by 30 to 35 per cent and the number of transactions marked a four to five per cent increase. In Sofia, Plovdiv and Rousse the increase was even bigger, Ganev noted. This year is likely to see 15 per cent real estate price increase, according to Foross forecasts, but the company... more