Property News
Piraeus Bank Bulgaria Lends 14 Million Euro To Arco Invests Manastirski Livadi Project 14/03/2008 Arco Invest, a subsidiary of Latvian Arco Investeeringute AS, signed a 14 million euro lending contract with Piraeus Bank Bulgaria for their multi-functional residential-and-office project in Sofia’s Manastirski livadi neighbourhood. The complex will cover a 8 990 sq m plot, located two kilometres from the city centre. The gross actual area is calculated at 34 700 sq m. Loan’s repayment term is set at four years with a two-year grace period and the interest rate equals the three-months EURIBOR plus a mark-up, varying between 2.25 and 2.75 per cent, depending on apartment sales. Construction is scheduled for completion within three years. Arco Invest, a subsidiary of Latvian Arco Investeeringute AS, signed a 14 million euro lending contract with Piraeus Bank Bulgaria for their...
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Bulgaria Among Top 10 Destinations In Us Tourist Guide 09/05/2008The Internet issue ‘E-Media Wire' published tourist guide for 2008 for best tourist destinations as this year the edition includes Bulgaria, money.bg announced. The author and selctioneer of the guide Pauline Fromer listed the 10 Top tourist destination by the criteria of expends, romantic journey, family tourism and exotic destinations for travelers, looking for adventures. Bulgaria is one of the four destinations out of USA. ‘Bulgaria - the oldest country in European Union (established 681 year), still doesn't have good tourism infrastructure, but is quite safe and proposes antique monasteries and wonderful preserved medieval villages along with SPA and mineral springs resorts and nice sea resorts on the beautiful Black sea' is written in the tourist guide.
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