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Expect Economic Crisis In Bulgaria 14/04/2008
The Bulgarians should be extremely moderate in their desire to invest because objective economic difficulties are piling over the country. This claimed in an interview for Nova TV Dimitar Ivanov, former economic counselor of president Parvanov, member of the Economic council to the president. He forecast serious difficulties for the bank system in Bulgaria. According to the famous economist Bulgaria is at the age of the second big financial crisis within the last 11 years if urgent political and economic measures are not taken. We are witnessing two very serious things at the moment – for the first time it becomes clear that the oligarchy model of the power, created in the last 18 years, cannot continue functioning, emphasized Ivanov. The expert pointed out that the oligarchy model... more

Golf Course To Be Constructed In Bulgarias Dolna Banya 11/03/2008
Golf Club Ibar, an investor in the Golf Club Ibar complex in the Bulgarian town of Dolna Banya, has received a first class investment certificate for its second golf complex in the country. The Ibar 2 project would be worth 106.5 million leva and constitute part of a wider plan for the economic development of Dolna Banya municipality, investor.bg reported. The project envisions an 18-hole golf course named Bears Best par 3. The course alone is worth 17.5 million leva. This was the first project of its kind in the world, the investors said. The course is a new concept from Nicklaus Design. About 300 single-household houses covering a total built-up area of 45 000 sq m estimated at 45 million leva will be built in the complex. A golf club, trade and service... more