Agricultural Land - ID 1460

Construction Sector To Grow Steadily Over The Next 45 Years 19/03/2008
Bulgarian construction sector would grow by an annual 12 to 15 per cent over the next four or five years, as long as the Government succeeds in providing an adequate regulatory framework that would benefit everyone - from large investors to end-consumers, deputy regional development minister Savin Kovachev said, as quoted by Stroitelstvo Gradut weekly on March 17. Sofia attracted about half of Bulgaria’s foreign direct investment FDI) and generated 30 per cent of its gross domestic product (GDP), architect Atanass Tossev, who is a member of Bulgaria’s Chamber of Architects (BCA)’ managing board, said. The capital should not try to concentrate all production and human resources, though, he added. Regional governor Todor Modev declared the authorities’ firm resolution to work toward... more

Strong Property Market Freezes Interest Rates 19/03/2008
As has been widely anticipated in the last few days, the Bank of England has decided to keep interest rates at 4.5 per cent, with the strength of the property market a key reason behind the decision. After the interest rate cut in August 2005, the property market almost immediately showed signs of recovery and confidence has been steadily rising ever since. While first time buyers had previously been reluctant to commit to any property purchases, Yorkshire Bank found this week that they are now willing to overpay to ensure they secure a place on the property ladder. It seems that while those in the property investment business will be generally satisfied with the decision to freeze rates, manufacturers will be less pleased. Recent figures from the British Retail Consortium (BRC)... more