House For Sale Near The Border - ID 110

Eastern Europe 'in Danger Of A Hard Landing' - Daily Telegraph 11/04/2008
Eastern Europe faces the growing risk of a ''hard landing" as the world's financial crisis spreads wider, with serious spill-over dangers for Scandinavian, Italian and Austria banks that have lent heavily to the region, the IMF has warned. Current account deficits have reached extreme levels across much of the ex-Soviet bloc, hitting 22.9pc in Latvia, 21.4pc in Bulgaria, 16.5pc in Serbia, 16pc in Estonia, 14.5pc in Romania and 13.3pc in Lithuania. "Eastern Europe has a cluster of countries with current account deficits financed by private debt or portfolio flows, where domestic credit has grown rapidly. A global slowdown, or a sharp drop in capital flows to emerging markets, could force a painful adjustment," said the fund in its Global Financial Stability Report. The IMF... more

Trade Centre To Replace A Former Cinema In Gabrovo 14/03/2008
A shopping complex will grow on the spot of the former Maychina Grizha cinema in Gabrovo. Investment in the project is 20 million euro, Stroitelstvo Gradut weekly reported. The investor is Mall Gabrovo Ltd., the design was prepared by Uzunov Proekt, the contractor is Force Build and the consultant is Dihris. The gross actual area of the project is 15 400 sq m. The development will have seven levels - two of them underground - with more than 60 outlets, a hypermarket, fast-food restaurants, sophisticated bars and cafйs. The underground garage has 35 spaces. The second floor will house shops and the third floor will have a bowling alley and cafй, a piano bar, beauty parlour, internet club and casino with a cafй. On the fourth level there will be a restaurant seating 56 people with 24... more