3500 Sq M Plot On The Seaside - ID 1582

Established European Markets Attract British Buyers 31/03/2008
Overseas property buyers from the UK are continuing to favour established European markets, according to experts. Assetz Finance stated that during the last few months, there has been a surge in the overall number of enquiries it received from prospective investors in foreign property. However, it singled out property in France and property in Spain as the two locations that were attracting the most interest. Commenting on this trend, Katy Hepworth of Assetz Finance said this could be partly due to the good deals now on offer to consumers. Specifically, she stated that French and Spanish mortgage lenders are now allowing access to a much wider range of products. Ms Hepworth commented: "Buying a home overseas has become an increasingly accessible option for those looking for a change... more

Bulgarias Largest Steel Plant Kremikovtzi Contracts Output 14/03/2008
Kremikovtzi, Bulgaria's largest steel-maker, cut down production significantly at the end of 2007, the company says in a report to the holders of bonds, secured with some of the plant's assets. The 325-million euro seven-year bond issue was drawn out in early 2006 with an annual coupon of 12 per cent. The bond-holders and the majority owner, Indian tycoon Pramod Mittal, had their regular conference call on February 12 to keep investors posted about the plant's current performance. Frequent maintenance interruptions and the lack of working capital for the purchase of input materials are the main reasons for the negative output, Kremikovtzi officials reported. Many of Mittal's steel companies are facing difficulties at the moment, representatives of an international... more