Chalet for sale near Velingrad - ID 3783

Sofias Suburban Areas Are Gaining Ground 14/03/2008
The lack of empty construction plots in Sofia and the resulting high prices are driving investors beyond the city boundaries to suburban areas in search of available building space, Kapital weekly reported. Unsurprisingly, the capital is the most densely populated and built-up area in the country, whereas suburban villages in Sofia region are one of the country's most sparsely inhabited areas. But prompted by lack of available land for construction, as well as the desire to escape urban congestion and noise, many investors have set their sights on areas around Sofia in recent months. According to the provisions of Sofia’s new master plan, in 15 years’ time about one third of Sofians will live in the city’s suburban areas and villages, Kapital weekly commented. The new zoning... more

Bulgaria Ratings Affirmed With Stable Outlook 09/06/2008
Standard & Poor's Ratings Services said it has affirmed its 'BBB+' long-term and 'A-2' short-term sovereign credit ratings on the Republic of Bulgaria with a stable outlook. The ratings agency said the ratings on Bulgaria reflect the government's strong track record of appropriate fiscal policy and rapidly declining gross debt, solid growth prospects in the medium term, a relatively strong external balance sheet and the country's E.U. membership. However, S&P said these strengths are somewhat offset by a large current account deficit coupled with high inflationary pressures, due among other things to wage pressures, indicating an overheating economy. S&P also said it expects firm policy support to the Currency Board Arrangement (CBA) to be maintained in... more