House Next To A River - ID 83

120 Foreign Banks Eye Bulgarian Market 24/05/2008
The number of foreign banks interested in the Bulgarian market has reached 120, informed the Dnevnik a.m. Since 2008 started, 28 new entries were made in the list. According to Bulgarian Central Bank the information doesn't mean that the banks will necessary start doing business in Bulgaria. The Dnevnik also reported that the list includes powerhouses like Credit Suisse, ABM AMRO, JP Morgan, Merrill Lynch and Goldman Sachs. The single passport rule allows EU-registered banks to operate in any of the community markets without the need to apply for a local banking licence. more

Lifestyle Buyers Advised To Rent Out Homes 28/08/2008
People who have bought a second home overseas have been advised to consider the possibility of letting it out to visitors.According to Greg Grant of Holiday-Rentals, many overseas property owners are people who have bought a residence for their own personal use.However, the ongoing economic decline in the UK has meant that a growing number of people have become financially stretched, including those who own a second home abroad.This has prompted Mr Grant to suggest that people ease their financial burdens by using their property to generate money.Speaking to the Telegraph, he commented: "Those who have previously kept their homes to themselves may begin renting out to maximise income in these tighter times."Mr Grant added that the rental yields collected in a single month could cover... more