Bulgaria Still Looking For Its First Ecohotel 14/03/2008
Bulgaria's first eco-hotel, in line with the relevant EU standards, would open no earlier than 2009, Denimila Dencheva, senior expert with the Ministry of Environment and Water Affairs, told the Ecohotel conference held in Sofia. There were number of tourism facilities in Bulgaria that put the word “eco”, when describing the services they offer. Some of them have acquired various certificates, while others use the symbol without any authorisation, Dnevnik daily reported on March 13. The main challenges facing Bulgarian business trying to comply with environmental standards was the high cost of eco facilities, the lack of adequate information on certification systems and criteria and of the economic benefits from eco compliance, Zornitsa Stavreva, executive director of the... more

Demand For Sofia Property Still Rising 14/03/2008
Interest in Sofia property investment projects is continuing to rise despite fears that there are already too many players on the market, a recent report suggests. A survey conducted by real estate investment company Karrat Group suggests that while demand for homes in Sofia is growing, it is not as easy to meet buyers' expectations as it was several years ago. According to Karrat Group's research, people now have an entirely different approach to home-seeking. They are more educated and discerning and have higher expectations. Construction companies are therefore advised to curb their tendency to simply build as many homes as fast as possible because current Sofia's property buyers have numerous requirements for location, landscape, interior design, quality of... more

Property Deals Worth 10 Billion Euro Completed In Bulgaria 13/03/2008
The actual value of property deals completed in Bulgaria for 2006 is expected to reach between 9.5 and 10 billion euro, National Real Property Association president Orlin Vladikov said. The number of property deals in the country in 2006 would probably be known by mid-January 2007, he said. According to initial predictions the number of deals will reach 280 000. The figure represents an increase of 22 to 25 per cent, as compared to the number of deals completed the previous year. Official notarial act data showed that property deals in Bulgaria totaled nearly five billion euro, 24 Chassa daily said. The sum was nearly half billion euro higher than the figures for 2005. Experts said that the Bulgarian property market was very dynamic in December, as a result of... more