Forests for sale in Bulgaria

Bulgaria 2007 Credit Growth At 5-year Peak Of 64% 19/03/2008
Sofia. Domestic lending growth quickened to 64% by the end of 2007 to set a record for the past five years, data of the central bank showed on Thursday. The Bulgarian market is outperforming the rest of the EU where annual credit growth is around 30%, as the online English edition of Dnevnik Daily reported. The local banks now have close to 37 bln levs of loans on their book, which equals 67% of the nation's GDP. For the first time ever, corporate lending growth last year outpaced consumer lending 71.5% to 52.2%. Data for the first three quarters of 2007 shows the retail sector absorbing the biggest chunk of new corporate loans (37.5%), followed by the processing industry (22%), construction (12%) and the hotel and restaurant business (6.4%). The data indicates that credit growth... more

Berbatov To Open Soccer School In Bulgarian Village 21/05/2008
Dimitar Berbatov, captain of Bulgaria's national football team and erstwhile Tottenham Hotspur striker, wants to open a soccer school in the Bulgarian village of Lozen near Sofia, local zagrada.bg reported. Berbatov was said to have met with Sofia mayor Boiko Borissov on May 19 to discuss his plans. The striker's foundation, which carries his name, aims to promote sports as an alternative to aggression and addiction in youths. Berbatov wanted to use the local stadium, which was municipal property, for this sports school. Borissov was said to have promised his cooperation to realise the sports school, but also to find housing for the Berbatov foundation where a study hall was to be set up. The Dimitar Berbatov foundation was registered on April 7 2008, zagrada.bg said. Earlier... more

Property Prices In Bulgarias Plovdiv Up By 47 Per Cent In 2007 10/03/2008
Bulgaria’s third biggest city Plovdiv turned out to be the record-breaker in property price increases in 2007, international real estate bureau Europolis said. Prices in the city went up by 46.5 per cent between January and December 2007, while the average increase in the county was 30 per cent, Dnevnik daily said. The value of two-bedroom apartments in the central part of the city increased the most, by 66 per cent. Shop rents in the same area reached 1000 euro a sq m. Daniela Dimitrova, manager of Europolis’s office in Bulgaria, said that the rate of property price increases in 2008 was expected to be slower than in 2007. Still, it was unclear how the market would respond to the new tax evaluation of properties. Lately, investor interest was withdrawing from the Black Sea... more