Varna Municipality Allocates 17.5ha For Container Terminal 09/04/2008
Varna municipality has earmarked 17.5ha for a new container terminal, weekly Stroitelstvo Gradut reported on April 7. The land lot, located on the northern coast of Varna lake, will be handed over once the Government and the municipality sign a memorandum for the re-development of the entire area. It includes the re-location of Varna port to the western side of the lake, as well as the construction of a recreational zone on the current grounds of the port. The Cabinet is set to review the memorandum in mid-April, Bulgarian Transport Minister Petar Moutafchiev said, quoted by the weekly. He added that he discussed the project last week with Varna mayor Kiril Yordanov and the chair of Varna municipal council Borislav Goutsanov. Total costs are estimated at 500 million euro and the... more

Holiday Home Owners 'take Multiple Holidays' 14/07/2008
Second home owners tend to take relatively short breaks overseas, according to a new study. Research by Foreign Currency Direct found that on average, people with a holiday home visit their property five times a year instead of taking a single two-week break. Figures also showed that nearly one in ten stay in their alternative residence about once a month, reports Travel Weekly. Commenting on the findings, chief executive Peter Ellis said this could help account for the dropping popularity of traditional package holidays. He observed: "We're increasingly money-rich, time-poor, so there has been significant growth in demand for short breaks rather than 7/14 holidays." The study also found that one in five holiday home owners let friends and relatives use their property without... more

Business Property In Ukraine Records Considerable Price Rise 14/03/2008
The Ukrainian property market has recorded remarkable rises in all its segments. Prices of retail, office and industrial areas have reached the highest levels in Central and East Europe (CEE) region, driven by lack of supply and boosted demand, Kyiv Post reported, cited by investor.bg. Foreign and local companies are quickly expanding their activity in the country and consequently, demand for office space is constantly growing, surpassing the most optimistic expectations, according to Nick Cotton, regional director of DTZ real estate adviser in Ukraine. Rental levels recorded an abrupt increase last year due to the low vacancy and lack of high-quality office space. “The auspicious business environment and an annual GDP growth rate of around 7.3 per cent are among the main propellers... more