For Sale: Most Expensive Apartment In Bulgaria, Say Eurosilex 21/03/2008
A specialist in residential and mixed use property developments, has just announced the availability of the most expensive apartment in Bulgaria. The luxury penthouse property is situated in the charming city of Varna, and is being offered for sale, priced at 1.2M Euros. Varna is Bulgaria's largest city on the Black Sea coast and is currently experiencing a period of expansion with demand for new homes rising sharply. The new property is part of the Kavala Street development, which offers a total of 19 luxury apartments, with 17 parking spaces, an office and a snack bar. Construction started in April 2007 and is scheduled to be completed by December 2008. The luxury penthouse apartment is a state of the art property, offering a bespoke design and high class living. With a total... more

Prime Property Bg To Invest 64m Euro In Plovdiv Business Park 26/03/2008
Local real estate investment trust (REIT) Prime Property BG will pour 64 million euro in the development of a business compound in Plovdiv’s Trakiya district, company officials said, as quoted by investor.bg. The future centre will spread on a 48 682 sq m plot, comprising four- to five-storey buildings with office and retail outlets, underground parking, restaurants and supermarkets. The gross actual area of the complex is estimated at 110 000 sq m. Currently, the design of the business centre is still being developed, but it is expected to have functional built-to-suit edifices, i.e. their construction will comply with the requirements and needs of the future tenants, most of whom would be foreign companies, investor.bg said. The development is scheduled to open for business in 2011... more

Bulgaria 2007 Credit Growth At 5-year Peak Of 64% 19/03/2008
Sofia. Domestic lending growth quickened to 64% by the end of 2007 to set a record for the past five years, data of the central bank showed on Thursday. The Bulgarian market is outperforming the rest of the EU where annual credit growth is around 30%, as the online English edition of Dnevnik Daily reported. The local banks now have close to 37 bln levs of loans on their book, which equals 67% of the nation's GDP. For the first time ever, corporate lending growth last year outpaced consumer lending 71.5% to 52.2%. Data for the first three quarters of 2007 shows the retail sector absorbing the biggest chunk of new corporate loans (37.5%), followed by the processing industry (22%), construction (12%) and the hotel and restaurant business (6.4%). The data indicates that credit growth... more