Hotels In Sofia Deliver Higher Returns Than Malls, Offices Study 14/03/2008
Returns on investments in first-class hotels in Sofia were around 8.5 per cent at the end of 2007, thus outstripping the yields generated by office and retail developments, which ranged between 7.5 and 7.85 per cent, respectively, and equalling returns from logistic space, a recent analysis of CB Richard Ellis consultancy, showed on March 10. In terms of yields, Sofia ranked second after Moscow, where returns on hotel investments averaged 9.25 per cent, and was the best-performer among the capitals of the countries across Central and Eastern Europe (CEE). Despite the low occupancy, Moscow’s hotel segment is still very attractive, registering the highest levels of revenues fetched by an available room, an indicator called RevPAR, for 2007. Four and five star hotel rooms in the... more

Over 29 Of Bulgarias Property Deals Involve Foreign Investors 13/03/2008
Over 29 per cent of the property deals concluded in Bulgaria in 2006 involved foreign participation, executive director of real estate company Asta Bridge Anton Pankev said. Nearly 66.87 per cent of all foreigners who bought property in Bulgaria came from UK, he said as quoted by Bulgarian National Radio. The British interest was attributed to regular flights between Bulgaria and the UK. Irish investors concluded nearly 13 per cent of the property deals in 2006. Americans were involved in six per cent of the deals, Germans in four and Italians in three per cent. Data showed that 39.93 per cent of investors were interested in winter resort property, followed by sea resorts with 31.13 per cent. The capital of Sofia attracted 8.11 per cent of property buyers, Pankev said. UK... more

Eu Funding For The Development Of Strandja 08/10/2008
The preparation of a pilot project for local development of "Strandja" natural park gathered in Tsarevo municipality, Bulgaria the expert mission of foreign and local representatives, informs Expert.bg.Tatjana Rener from Slovenia, Terry O'Reagon from Ireland, experts from the Council of Europe and Peter Miladinov - head of unit in the Ministry of culture are visiting in order to work on a long-term strategy for the development of Strandja including the development of the culture of the reason.The project is under the regional program of the Council of Europe for cultural and natural heritage of Southeast Europe and will be funded by the European funds. Three Bulgarian municipalities are included in the project - Tsarevo, Malko Tarnovo and Sredetz. They are expected to sign a memorandum... more