Natura 2000 Regime In Bulgaria Less Restrictive Than Other Protective Measures 12/03/2008
The regime for the carrying out of investment projects in Natura 2000 protected areas was much less restrictive than the measures valid for national parks and preserves, head of the parliamentary environment and water affairs committee Georgi Bozhinov said. Bozhinov and Parliament speaker Georgi Pirinski met on January 23 representatives of environmental organisations demanding maximum inclusion in the European environmental network. All national parks would become part of Natura 2000, said Bozhinov. Investors had no reason to protest against the introduction of the network, said Bozhinov. Protests in Bansko and Razlog were 'mere speculation' and aimed to guarantee the carrying out of some investment projects that would not be approved otherwise, said he. Next week... more

Property Investment Profitability In Bulgaria Decreases Nearly Twice 11/03/2008
Profitability of real estate deals in Bulgaria decreased nearly twice since 2002, research of Creditex showed. Creditex representative Krasimir Goumnishki said that a 100 sq m apartment in Sofia’s residential district of Mladost brought nine per cent profitability in 2002, which had now fallen to 4.11 per cent. The same tendency was valid for all of Sofia’s residential districts, Goumnishki said. According to the research, the returns that companies advertised for coastal property were highly exaggerated. The actual value neared five per cent. Profitability was higher for retail, logistics and industrial property. more

Kavarna Municipality Greenlights Bulgarian Land Developments July Morning Project 14/03/2008
The July Morning site comprises 95 000 sq m of freehold agricultural land on the Black Sea coast in the town of Kavarna, acquired by BLD through several private purchases in 2006 for an aggregate value of 4.3 million euro. more