Sofia's European Trade Center To Become Bulgaria Largest Office 06/06/2008
The largest office center in Bulgaria, with a built-up area of 70 000 square meters worth EUR 70 M is going to open its doors in 2010 on the "Tzarigradsko Shosse" boulevard in Sofia, in the area known as the 7th Kilometer. The center called "European Trade Center" (ETC) currently represents almost 10% of all office projects in Sofia still in construction stage. ETC includes five office buildings with the highest one standing 65 meters toll and is part of the mega complex "Hermes Park". In addition to the office buildings, "Hermes Park" will also have a shopping mall with "Carefour Tzarigradsko", the biggest hypermarket of the French chain "Carrefour" in Bulgaria. The mall is to open by the fall of 2009. According to several media sources, including the daily newspaper "24 hours" the... more

Another Spa Development To Spring Up In Kyustendil 26/03/2008
A new spa complex, worth 2.5 million leva (1.2 million euro), will be developed in the town of Kyustendil this year, mayor Petar Paunov said, as quoted by local dailyVyara on March 25. It will be a landmark building for the town, located about 70km south-west of Sofia, Paunov added. The compound would be erected near the Ossogovo stadium, through public private partnership, changing the face of the town and hopefully contributing to its tourist attractiveness, according to the local authorities. The spa centre would have six mineral water swimming pools with indoor facilities that will be able to function all year round, Paunov said. Tourists would also have easy access to the hotel part. This is the best way to introduce the healing effects of Kyustendil’s mineral springs to our... more

Malls In Bulgarias Capital Threaten Open Markets Existence 13/03/2008
The construction of large retail areas and modern trade centres puts under question the existence of small shops in the residential areas of Sofia. Shop owners are still optimistic and seem to be doing nothing to keep customers, whose number decreases with every newly opened mall, Capital weekly reported. The shops' tenants are constantly changing but the owners still refuse to lower prices, a saleswoman in Sofia residential district Mladost said. The average rent for a small shop in Mladost is 20 euro per sq m while one can find a 'decent' ground floor shop in the centre for less than 15 euro per sq m. The demand for ground floor stores increases in the centre and in the residential districts. Deals,however, are rarely completed as owners want 20 per cent higher rent... more