Bulgarias Bansko To Develop Yearround Tourism Opportunities 14/03/2008
Bulgaria's Bansko mountain resort would search for ways to attract tourists year-round, The Independent reported. Until recently Bansko was the typical ski resort with booming tourism activity in the winter season and almost empty during the summer. Now investors seek to attract tourists during the summer, offering services like bike and hiking trails, horseback-riding lessons and golf courses, The Independent said. Since 2003 over 3 000 British have invested in Bansko attracted by the resort's development opportunities in view of its 2014 Winter Olympics host application. One of the investment projects includes the construction of Alpine Lodge, a 123 apartment complex near a golf ground used for training under a system designed by British golf celebrity Ian Woosnam.... more

'albena' Resort Awaits 8,000 Tourists For Easter 25/04/2008
8, 000 tourists are expected to visit the Northern seaside ‘Albena' resort during the Easter holidays, May 1 and the Day of St. George (Gergiovden). That was announced by the vice-director of the resort Sonya Stoycheva. The guests will be mainly from Romania. Round 500 Bulgarian tourists are also expected. 12 hotels will be opened during the holidays. 2,000 Romanians arrive in ‘Albena' yet on Good Friday and reservations will be made during the weekend also. ‘Albena' resort has prepared surprise for its guests on Easter Eve. Night cruises to churches in near Balchik and Varna cities will be organized, so that the tourists could attend the interesting and picturesque Orthodox Church service.  more

Bulgarian Current Account Deficit Went Over 1billion Eur Just In 2 Months 17/04/2008
Bulgaria's current account deficit was 1.29 billion EUR ($2.04 billion) or 3.9 percent of annual GDP at the end of February, compared with 1.11 billion EUR and 3.9 percent of GDP a year ago, data showed on Tuesday. The Socialist-led government sees the external shortfall rising to 22 percent of gross domestic product this year, after it hit 21.5 percent in 2007 due to strong imports of both consumer and industry goods. Exports rose 30.7 percent to 2.3 billion EUR, while imports rose 24.7 percent to 3.5 billion EUR, the central bank data showed. Rampant domestic consumption is the key driver of the deficit, as Bulgarian rush to buy after decades of austerity under communism, while companies import machinery and other investment goods to expand production. The bloated gap makes... more