Bansko Attracts German Investors 15/03/2008
German business has professed an interest in the development of Bansko, said the German ambassador to Bulgaria, Michael Gayer, during his visit to the resort town. He was accompanied by a 12-member delegation from the German-Bulgarian Chamber of Industry and Commerce, headed by its president Bertram Rollman. The German ambassador pledged his support for future contacts between Bansko and similar German towns. He expressed his hope that, in the future, businessmen from Bansko would team up with German companies to apply jointly for common projects in infrastructure and culture exchange areas. "Our objective is to attract resources from EU funds to the region," Bansko mayor Alexander Kravarov said. more

Wise Words For The Bulgarian Property Economy’s Future 21/04/2008
We’re tired, oh so tired of it all already – all the talk of an untenable global credit situation, all the talk of house prices crashing and consumer confidence failing.  But I suppose we’d better get used to it as nothing is going to change for a good few months yet!  The new jazzy tabloid style reporting that even the great BBC seems to have adopted will whine on about it all for months and months and yet, you know what, it’s not all doom and gloom for the globe’s property markets! In this article we’d like to impart some wise words for the future of the Bulgarian property economy.  A property economy that many might think will be one of the first to fail as British and Irish investor interest ebbs away. There are no two ways about it, the number of potential buyers... more

Parliament Passes 'bulgarian Development Bank' Draft Law 24/04/2008
The Bulgarian parliament adopted on second reading the draft law for Bulgarian Development Bank. The Encouragement bank, which was created in 1999 is transformed into Bulgarian development bank (BDB). National guarantee fund and Fund for capital investment will also be created. The bank is established as credit institution – joint stock company, in which the state participation in the capital is not less than 51%. The statute capital of the bank could be increased unlimitedly with decisions of the general assembly. Schemes and instruments for funding of public investments and development projects, which are of high importance to the national economy as well as resources from international funding institutions will be applied through the new bank. The management bodies of the bank... more