House For Sale - ID 160

Bulgarian Tourism Loses 5 Million Eur Due To Visa Problems 29/12/2008
The fast issuing of tourist visa for citizens of CIS (Commonwealth of Independent States) will help the Bulgarian tourist branch. All measures undertaken so far by the Bulgarian state only worsen the situation with the issuing of visa. This claimed Chavdar Alexandrov, chairman of the Association for promotion of foreign investment.Even the introduction of electronic submission of documents was not in a rational way and instead of easing the situation, on the contrary - makes the tourism of the Russian tourist here more difficult, is said in a statement sent to the media, informs burgasinfo.com.According to Alexandrov, the problem is that after submitting electronically his documents, the person wishing to have a holiday in Bulgaria, must wait on a queue to receive his visa and the... more

Alfa Developments Acquires Landmark?s Portfolio 21/03/2008
Alfa Developments, fully-owned by Bulgarian industrial group Alfa Finance Holding, has formally notified the Commission for the Protection of Competition (CPC)  of its intention to acquire 75 per cent in property developer Landmark, Alfa Finance said in a statement on March 17. The proposed deal needs CPC approval to go through. The seller is Bridgecorp, owned by Landmark managers Richard McDonald and Tanya Kosseva-Boshova, who acquired the company last year for 210 million euro in the biggest re-sale transaction on the Bulgarian real estate market. Bridgecorp's shareholders will continue to hold a 25 per cent stake. Alfa Developments is planning to expand the portfolio with new acquisitions of assets in Bulgaria and on the Balkans. “This is an acquisition of key importance for... more