Unfinished Villa Just 12 Km From Varna - ID 3455

Greenfuel To Decide On Bulgarian Biofuel Plant In Two Months 14/03/2008
Spanish GreenFuel Corporation would decide within two months whether to build a bio-fuel plant in the region of Pleven, northern Bulgaria, expert.bg reported on March 12. The decision will be discussed at the company's shareholders meeting in May 2008, Greenfuel's technical director Antonio Jose Huertas Moreno said, as quoted by expert.bg. Moreno and Pleven regional governor Tsvetko Tsvetkov arranged a working meeting to discuss the future investment's parameters and the production process itself. The Spanish company might apply for first class investment certificate, which means it will invest at least 70 million leva and would allow it to acquire plots for the plant's construction without attending a tender procedure. GreenFuel Corporation has been negotiating... more

Dubai Sets Foot In Bulgaria 10/03/2008
Investment Corporation of Dubai offered 3 billion euro for Inmobiliaria Colonial, the Spanish developer that owns of Riofisa, which is developing two projects in Bulgaria worth more than 450 million euro, Bloomberg reported on February 28. Investment Corporation of Dubai bid 1.85 euro for each share of Colonial, which lost half its market value in six the past months, on February 27. The offer is 8.8 per cent higher than the closing price of the previous day. Investment Corporation, which now has more than 55 billion euro of assets, would get 12 billion euro of assets including offices and malls in Madrid and Paris. Colonial also owns a 15 percent stake in Fomento de Construcciones y Contratas, Spain's third-largest construction company, with a market value of 839 million... more