2000 sq m building plot near historical town - ID 3167

No Infringements In National Road Infrastructure Fund Auditors 14/03/2008
The two reports by the Finance Ministry's inspectorate on possible misuse of funds at the National Road Infrastructure Fund (NRIF), as well as the final report of the European Union Funds Audit Directorate, showed there were no infringements in the fund's operations, the Finance Ministry said on February 29. There were no unexplained expenses concerning the projects financed under EU's pre-accession infrastructure aid programme ISPA or using cohesion funds, according to the reports. At the same time, there were also no serious violations in the functioning of the fund's management and control systems. The fund's executive director Vesselin Georgiev resigned earlier this month after it emerged that a company, Binder JSV, in which his brother was on the board of... more

New 660m Euro Fund To Invest In Undervalued European Property 14/03/2008
British investment company Laxey Partners will set up a new fund, Terra Catalyst, which will invest in “undervalued” companies and property funds across Europe, company officials said in an interview with investor.bg. The new fund has raised about 160 million euro from institutional investors and will be listed on the alternative investment market (AIM) of the London Stock Exchange. The new entity will draw a loan from Credit Suisse to increase its investment volume to 660 million euro. It is intent on pouring most of its capital within six months after going public. The company’s executives did not specify whether the investment scope of the fund would embrace Central and East Europe. Terra Catalyst is the latest fund set up to benefit from the sudden slump in the share prices of... more