Land On The Seaside - ID 1760

Bulgarian Army Signs Suspicious Property Deals 12/03/2008
Bulgarian army made a ‘disturbing’ property deal, swapping 4475 sq m in Sofia’s Yuzjen Park (South Park) residential district for eight apartments with a total area of 710 sq m. The plot was close to the US embassy and had been used as military barracks, Sega daily reported. The deal involves the Defence Ministry and “the quite famous company Nikmi, which was involved in a series of scandalous exchanges of municipal properties” in Sofia, the newspaper said. Under the deal the army plot was estimated at 227 leva per sq m, while the apartments was 1436 leva per sq m. Comparable terrain in Sofia was usually offered at 1000 to 1200 euro per sq m, Sega said. The deal was signed on December 29 2005. Currently five blocks of flats are being constructed on the plot. Nikmi told... more

Property Investment In Bulgaria 19/03/2008
Only financially blind and lazy do not want to invest in Bulgaria, says Bulgaria's Minister of Economy Petar Dimitrov, thus figuratively describing the interest of foreign investors in Bulgaria. Having toured Plovdiv Autumn Fair, the Minister commented that the exhibition was a proof of the fantastic economic growth in Bulgaria. "Bulgaria's economic growth is 14% which ranks Bulgaria among the first in the EU," said Bulgaria's Prime Minister Sergey Stanishev, quoting Eurostat data covering the period from June 2006 to June 2007. These figures speak of the country's potential to provide greater employment, income rise and better development as a whole, Stanishev said more