House For Sale - ID 40

Bia Warns Of Bankruptcies In Real Estate Sector 11/03/2008
The management of the Bulgarian Industrial Association (BIA) has warned that the country's real estate sector and related industries should brace themselves for a chain of bankruptcies in 2008, which could affect the gross domestic product growth. Real estate market is saturated, Bulgarian news agency (BTA) quoted BIA chair Bozhidar Danev as saying. There were more than 20 000 unsold holiday apartments in Bansko and another 200 000 along Bulgaria's Black Sea coast, all of them built with bank loans that needed to be repaid, he claimed. Intercompany debt at the beginning of 2008 was roughly 100 billion leva, according to BIA estimates, which assumed that debt maintained its annual 20 per cent average growth rate from previous years. The figure exceeded 81 billion leva in... more

Bulgaria And Romania With Highest Industrial Raise In Eu 17/07/2008
Bulgaria, Romania and Ireland show the highest raise of industrial production in EU in May this year, Eurostat data shows. The local industrial production registers a raise of 3,3% in May and 8,6% raise for the last year.The raise of the Romanian industry in May is 0, 5%, and for one year - 4,1%.The European industrial production has narrowed in May, compared to April and also compared to May last year.The sharpest drop is in Lithuania (-7, 5%), Netherlands (- 6,0), Portugal (- 5,7% ) and Latvia (- 5,6%).The industry in the Euro zone have tighten with 1, 9%, and of the European Union - 1,4%.Compared to May last year the production in the Eurozone have decreased 0,6% and in the EU - 0,5%. more