Land In Ahtopol - ID 658

Balkan Property Blossoms, Large Investors Still Missing Merrill Lynch 10/03/2008
The Central Europen division of Global Principal Investment (GPI), Merrill Lynch's commercial real estate investment arm, plans to invest 550 million euro in real estate in Serbia, jointly with local firm MPC Properties, in which Merrill Lynch holds the minority stake, Reuters reported. Residential property market on the Balkans was blooming after the region’s recovery from the war and the subsequent stagnation in 1990s. Nonetheless, large corporate investment will come only after real political stability is achieved, Robert Schweizer, GPI vice-president for Central European region, which covers all east of Germany, including Russia and Turkey, told Reuters. The residential segment did not enjoy a lot of investment over the past 15 years in the Balkans, but the recent... more

Sofia City Hall Calls Tender To Extend Underground 09/04/2008
Sofia city hall-owened metro operator Metropoliten called a new tender for the construction of a new section of the metro network, Dnevnik daily reported on April 7. The previous tender for the section connecting Nadezhda junction with Cherni Vruh Boulevard was called at the turn of the year and later cancelled because no bidder offered an acceptable price. Metropoliten will finance the project with European Union structural funds under operational programme Transport. The new public procurement is divided into two lots. The first, linking Nadezhda junction to Patriarch Evtimii Boulevard, has a cost cap of 400.46 million leva, value-added tax (VAT) excluded. The second, between Patriarch Evtimii Boulevard and Cherni Vruh Boulevard, should be built for no more than 155.55 million... more