Cba Asset Management Opens Veliko Turnovo Hypermarket 28/03/2008
The first hypermarket of the CBA Asset Management chain in Veliko Turnovo opened its doors on March 27 in Retail Park Veliko Turnovo, company officials told investor.bg. Technomarket, Danish homeware retailer JYSK and a number of other retail chains opened their outlets in the shopping centre on the same day. Investment in the hypermarket exceeds two million leva. The shop has 10 cash-register terminals and an own 80-car indoor parking. It will employ 80 people. The retail unit will be managed by CBA Asset Management's subsidiary in Veliko Turnovo, which has 15 supermarkets in the area, generating 44.7 million leva in operating revenue and a net profit of 1.4 million leva in 2007. The second hypermarket of CBA Asset Management will open on April 3 in Sofia -  its first unit in... more

Spanish Experts To Help With Infrastructural Projects In Rousse 14/03/2008
Rousse mayor Bozhidar Yotov met with Spanish ambassador Fernando Arias to discuss the projects eligible for European Union financing on March 11. This was Ares' second visit to Rousse in two months. The priority infrastructure projects for the city hall are the modernisation of the roads network in Rousse region, as well as construction of sewerage and water-purification plants. Spanish experts will help Rousse Municipality with drafting projects for EU funding. Three specific projects were discussed, starting with the construction of a road by-pass south of the city, which would be part of the Bucharest-Sofia route and European transport corridor IX. The road to Bucharest now passes through the city downtown and building a by-pass would cost about 250 million euro. The two... more

Dounav Mall Breaks Ground March 20 19/03/2008
Dounav (Danube) mall project, the first shopping centre in Rousse, designed in line with International Council of Shopping Centres (ICSC) standards, will break ground on March 20, its developer Marmeg said. Marmeg, owned by businessmen Ventsislav Rachev and Dimitur Dimitrov, will invest 15 million euro in the project. The company was set up expressly to build the mall. Foros real estate is the exclusive agent of the commercial complex, which was designed by Georgi Stefanov. Financing has been secured from the Austrian Hypo-Alpe-Adria Leasing through a 12-year leasing contract. Currently, this is the company’s largest project in Bulgaria. The firm, which sees Rousse as a town with a good potential for growth and a favourable business environment, is negotiating with the municipality... more