Two Orchards In The Stara Planina Mountain - ID 780

Bulgarias Amended Concession Law Abolishes Public Tenders For Publicprivate Partnerships 20/03/2008
Public-private partnerships would be awarded concession contracts without tender, according to the amendments to Bulgaria's Concession Act, passed at the first reading by Parliament, according to the draft put for public debate on the Government's website. The private partners would be picked in a tender, but the contracts would be awarded directly, making it easier and faster to give out concessions on airports and ports, according to the legislature's transport committee, as quoted by Dnevnik daily on March 18. Although it would speed up the process, it would also open a backdoor for corrupt practices, experts were quoted by the daily as saying. Other changes reinforcing include a provision that the choice made by local or central authorities cannot be challenged in... more

Brokers Say Crisis Sobers Up Property Market 07/10/2008
The financial turmoil has affected the Bulgarian property market positively in protecting it from saturation and even a bubble, experts and consultants have said.The crisis has impacted both housing and business projects and driven scores of investors out of Bulgaria's densely overbuilt mountain and seaside resorts.The retail centre segment is also braced up for a cool-off, and only a handful of the shopping centres set to mushroom all across the country will be completed, according to property experts."The situation is on the whole healthy rather than alarming. This means that it is only projects with solid investor capacity, a good concept and a long-term strategy that will be realised," Colliers International co-manager David Davidov said.Forton International's Sergei Koinov said... more