Nice Village House With Panoramic View Near Devin - ID 3104

Credit Squeeze Wrecks Trakia Highway Deal 15/03/2008
The global credit crunch may yet spoil the Trakia highway transaction, Standart daily reports. The Bulgarian-Portugal consortium, Trakia Highway Jsc, which was named as the highway concessionaire by the previous government, has experienced difficulty in securing finance for the infrastructure project. "I will ask concessionaries whether they have negotiated the loan necessary to bankroll the project within two weeks," said the regional development minister Assen Gagauzov, who signed a second annex to the highway contract on January 16, giving the consortium a 120-day period to find the resources for finishing the Sofia-Bourgas thoroughfare. Rumoured possible lenders include the Portuguese bank Espirito Santo, Switzerland-based Credit Suisse First Boston bank or the Swiss UBS. more

State May Be Allowed To Confiscate Private Property For Nonpublic Use 20/03/2008
Legislative changes, drafted by the Bulgarian government, may enable the state to apply summary procedures for seizing private properties if they impede private infrastructure ventures, as well as public infrastructural projects, Dnevnik daily wrote. Private power stations, water supply networks or waste sites will be categorised by the government as an infrastructure facility of national significance that may warrant the seizure of a particular private property and turning it over to a private developer. Legal experts immediately described the proposal as controversial and unconstitutional. The proposed amendments to the State Property Act have been posted on the government website and are being co-ordinated with relevant state departments. Currently, the state has the authority to... more