Large plot of agricultural land - ID 2406

Business Property Developments In Bulgaria Behind Central European Levels 11/03/2008
Business park developments in Bulgaria are three to seven years behind Central European levels, Industry Watch reported. Fast economic growth, EU accession and increase in foreign investment feature among the main factors influencing business park development in Central and Eastern Europe, investor.bg reported. Investor interest in Bulgaria changed its direction from Sofia to other economically developed cities like Plovdiv, Varna and Rousse. Most business parks in Bulgaria act as administrative centres or production terrains. Some major developments include Business Park Sofia, covering 220 000 sq m, Business Park Varna and Business Park Stara Zagora. more

Merrill Lynch Wants More Time To Find Investor For Kremikovtzi 05/04/2008
US investment bank Merrill Lynch, hired to advise the sale of Kremikovtzi steel mill in Bulgaria, has asked several extra weeks before choosing the best candidate, the press service of the Economy and Energy Ministry said on April 4. Bulgarian Economy and Energy Minister Petar Dimitrov met with representatives of the investment bank for a progress update on the process. Merrill Lynch contacted about 20 steelmakers worldwide, seven of which expressed tentative interest and three entered into intensive talks, the statement reads. A serious bidder is the brother of incumbent majority owner Pramod Mittal – Lakshmi, himself owning the world's largest steelmaker Arcelor Mittal. Dimitrov made clear that the topmost criterion in the selection of an investor should be immediate... more