Old House With Huge Garden - ID 355

Spanish Zara Lands In Bulgaria 18/03/2008
The Spanish apparel brand Zara has already rented a 1 800 sq m unit in the future Carrefour mall in Sofia, to be located in Tsarigradsko Chausse Blvd. The retail chain will enter the Bulgarian market directly through its Spanish manufacturer Inditex, David Davidov, manager business space in Colliers consultants, said in an interview with Kapital weekly. The mall is expected to open in the second half of 2009. Currently, Zara does not have a store in Bulgaria, but its old collections are sold through the Z Outlet chain of stores in the country. Carrefour mall, sold to Greek private property fund Assos Capital at the weekend, will also host the first store of large Greek chain Electroniki, specialised in electronics, hi tech and electrical appliances. The Greek book and music chain... more

Foreign Investments In Bulgaria - Dirty Money Laundering? 12/05/2008
As EU newcomer Bulgaria aims to attract ever larger flows of foreign investment, authorities and analysts have raised fears that part of the money streaming into the country may have been laundered. "A growing number of investigations come to a dead end as we find that money that we had good reason to consider dirty, or resulting from criminal activity, has been transferred through foreign banks and returned to Bulgaria as 'fresh' investment," said national investigation service chief Boyko Naydenov. "You just have to look at the posh cars on the streets of Sofia, which exceed the number of luxury vehicles in any other European capital ... or the construction boom in our Black Sea resorts," he told a conference Thursday in Sofia. Bulgaria attracted some 6.14 billion euros... more