Bungalow for sale on the sea - ID 4002

Investors To Build Villa Settlements In Bulgarias Rhodope Mountains 12/03/2008
Bulgarian and Irish investors intend to construct six villa settlements in Banite municipality, near the town of Smolyan in the Rhodope Mountains. Banite mayor Raicho Danailov said that the investors will provide more than 100 million leva for the project. Three of the settlements will be constructed near the village of Bosilkovo, on an area of 600 000 sq m. Two Bulgarian-Irish companies already purchased nearly 500 000 sq of land, Bulgarian news agency BTA reported. Danailov said that Banite’s spa centre also attracted investor interest. A Belgian investor planned to construct tourism attractions in the village, he said. Three other new hotels will be constructed in the village in 2007 and will have nearly 200 beds. Banite region is famous for its healing mineral waters. more

Unicredit Bulbank To Finance Mall In Sofia, Parent Company Doubles Capital 07/10/2008
UniCredit Bulbank and UniCredit Bank Austria, both members of UniCredit Group, will finance Bulgaria Mall, the next shopping centre in the Bulgarian capital Sofia, Bulgaria's largest bank by assets said in a statement.The two financial institutions and Bulgaria Mall investors LSProperty and Salamanca Capital sealed an agreement to this effect on October 3 after several months of negotiations.Bulgaria Mall, in construction since July 2008, is expected to open doors on Christmas 2010. The project worth 220 million euro will result in 33 000 sq m of commercial and 30 000 sq m of office space.The news comes amid UniCredit Group's strenuous efforts to restore credibility with investors and clients and stave off rumours it would be the next European prey of financial tumult.At an... more