regulated plot near Sunny Beach - ID 4055

Construction Permit Taxes In Bulgarias Capital To Increase 10/03/2008
The construction permit taxes in Bulgaria’s capital will increase gradually, Sofia’s chief architect Petar Dikov said. The process will probably start in the coming year, Dikov said during the first Balkan real estate conference BalRec. Sofia can accumulate the funds needed for infrastructure development only through tax increase, Dikov said. Taxes in Belgrade vary between 250 and 430 euro per sq m and are slightly lower in Bucharest. In Sofia, the tax is seven euro per sq m, Dikov said. Yet, a transition period will be needed before higher taxes are introduced. Once funds for infrastructure development are collected, investors will be freed from the duty to provide some of the infrastructure needed for their projects. more

Projects South Of Burgas For 350 Million Euro Suspended 21/11/2008
Construction investment programmes for a total value of 360 million Euro have been temporarily suspended because of the economic crisis.This relates to objects south of Burgas, concerning the tourist towns of Sozopol, Primorsko, Tzarevo, Ahtopol as well as the nearby camps in-between them.Investors have suspended the financing, which means that a new wave of construction workers will go on the market, while the firms in the industry will continue to have serious liquidity difficulties.Six village settlements, three apartment complexes, hundreds of new buildings, as well as 12 hotels in construction have temporarily suspended all activity.This does not include the highly publicized project of the businessman and owner of PFC "Levski" Todor Batkov, which planned the construction of a... more