House For Sale Near Varna - ID 3857

Reit Fairplay Properties Right Issue Fails To Spark Interest 14/03/2008
About 41 per cent of the rights issued as part of the capital raise of local real estate investment trust FairPlay Properties, a unit of property developer FairPlay International, have not been picked up by investors and will be invalidated. Only 61 100 of the 20 830 880 unexercised rights were transacted at the February bourse auction. This means that if the residual rights are exercised and investors subscribe and then pay up the shares to which they are entitled, the company will hike its capital by around 60 per cent of the target amount. The REIT is currently performing its fifth capital increase from 50.7 million to 60.84 million leva. For the purposes of the hike, FairPlay Properties is offering 10.14 million new shares with an issue price of 2.25 leva per lot. The company... more

Bulgaria To Get 100 Million Eur Yearly From Business Tourism 14/07/2008
Bulgaria could earn round 100 million USD yearly from congress tourism, the Bulgarian MEP Biliana Raeva considers. According to Raeva words the congress tourism is one of the most successful tourist branches and our country should stake more on this sphere. A business tourist leaves few times more money than the ordinary one by his visit to a concrete country. Round 400, 000 people have visited Bulgaria for business in 2006. Minimal drop in the amount of this kind of tourists is marked in 2007, but for the first 5 months of the present year, the branch marks raise of 16,6%. MEP Biliana Raeva pointed out, the development of business tourism in our country is important, but is connected with serious planning and preparing. That was declared on a seminar in Varna city on the theme... more