Small Cozy House For Your Perfect Vacation - ID 297

Broken Eastern Promises 21/03/2008
The Alternative Investment Market (Aim) eastern European real-estate sector is so complicated, it could be deemed a specialist subject on Mastermind. Analysts claim there are too many companies to mention, often with confusingly similar names, and many more that vanished without a trace after failing to raise capital. "For every one that made it to the market, there's at least four that were stillborn," says Blue Oar Securities real-estate analyst Ian Wild. "Far too many were done far too quickly." Blue Oar research shows that since 2005, Ј9bn in new equity has been raised on Aim for real estate - mostly for for overseas property funds (OPFs). Of the total Ј12.25bn current market capitalisation, those focused on eastern Europe account for 17 per cent - the highest proportion. In... more

Kroushouna Village To Invest 28m Leva In Recreational Facilities 10/03/2008
Local authorities would invest 28 million leva in the construction of a spa centre and three recreational centres in the village of Kroushouna, in Lovech region in northern Bulgaria, the mayor of Letnitsa municipality Krassimir Djonev said, as quoted by expert.bg. The village of Kroushouna has become a popular alternative tourism destination for the Vodopada (Waterfall) cave, which resembles a water labyrinth, just 800m south of the village. The area has an abundance of mineral water springs that have not been really used, Djonev said. Letnitsa municipality, of which the village is a part of, and Lovech-based holding company Litex Commerce, owned by businessman Grisha Ganchev, would set up a joint venture that would carry out the project. The municipality's contribution... more