Q4 2007 Construction Permits Number Down 14/03/2008
Bulgarian authorities have issued 4637 construction permits in the last quarter of 2007, a decrease of 4.9 per cent decrease over the previous three months and two percent lower than in the same period of 2006, data from the National Statistical Institute data showed. Residential developments continued to account for the largest share of the total, with 2884 permits granted for total area of area of 2.4 million sq m, compared to 3110 permits for 2.1 million sq m in the previous quarter. The number of permits for administrative buildings went up to 145 from 114. Bourgas region received the largest number of permits for a second quarter running, showing also a strong rise to 875 permits from 635 in July-September. Varna saw the number of permits drop from 568 to 516, a trend that was... more

Standstill In Local Tourism Expected 14/05/2008
The number of foreign tourists, who arrived in Bulgaria in 2007 is more than 4 million people, which is growth of 7% compared to the previous year. The incomes from tourism in 2007 are round 11% more compared to 2006, says an analysis of Bulgaria's Center for Economy Development. This way the incomes from visitations reached the sum of 2,3 billion EUR. For 2008 the money are expected to be 3 billion EUR incomes from foreign visits. The tourists are mostly from Romania, Greece, Germany, UK, Sweden and Finland. Despite the increase of the number of tourists from abroad, the tendency of standstill started to rise in local tourism. The reason comes from the overbuilding of seaside and several mountain resorts, low service quality and the shortage of qualified cadres, lack of... more

World's Best Ranked Tourism Industries 26/03/2008
As a property investor, one of your concerns when choosing the right country to invest in should be its ability to provide a conducive environment from which to generate profits in the future.  A major consideration is often the country’s tourism industry. The World Economic Forum (WEF) recently released its 2008 Travel & Tourism Competitiveness Report. Why should this report matter to you, the individual who wants to see positive cash flow returns from your property investment? Because it measures the success of tourism industries in countries around the world, putting a special emphasis on economic development and environmental sustainability. Tourists equal demand for holiday rentals; therefore, a healthy tourism environment equals higher returns from your holiday rentals. The WEF... more