Interest In Bulgarias Larger Property Decreases 12/03/2008
The interest in the purchase of three-bedroom apartments in Bulgaria was decreasing, property market analysis for the past several months showed. Two main reasons led to the trend, 24 Chassa newspaper reported. Prices of such apartments remained high and at the same time market supply has not increased. In the end of past year the interest in the purchase of three-bedroom apartments went up. Property agents said that Bulgarians were still lacking the income needed for the maintenance of larger apartments, though. Agents said that most people looked for two-bedroom apartments. Interest in the purchase of three-bedroom apartments in the bigger Sofia districts decreased on the average between six and 15 per cent, 24 Chassa reported. Demand in the central part of Sofia decreased... more

Phare Will Pour 4m Leva Into A Fishermans Village In Balchik 27/03/2008
About four million leva is needed for the development of a fisherman’s village in Balchik, municipality officials said upon emerging from a meeting with local fishermen, representatives of the sea club, municipal councillors and the mayor’s team on discussing the project. The future development will be financed through the Phare programme and will be realised with the joint efforts of a consultancy company and the municipality. Participants in the meeting agreed on the village’s location – between the holandski plazh and the purification plant that is currently under construction. Apart from boat berths, the project envisages the construction of fish-storage chambers and service rooms for the fishermen. The nearby quay, which will secure moorage for larger vessels, will be extended... more

Sofia Settles Building Permits Lawsuit Out Of Court 20/03/2008
Sofia city hall, Bulgarian Chamber of Commerce and Industry (BCCI) and the National Association of Residential Developers (NARD) reached an out-of-court agreement on the lawsuit filed against the increased building permits fees by a BCCI and NARD against the city hall, Bulgaria news agency (BTA) reported. The out-of-court settlement was reached at a meeting between Sofia mayor Boiko Borissov and Nikolin Gavrilov, chairman of BCCI, and Plamen Beninski, NARD’s chairman, held on March 18. They also signed a co-operation agreement, which also provides for the establishment of a standing committee of experts, comprising work panels, which are going to discuss, elaborate and propose different amendments and solutions on issues of mutual interest. The committee will deliberate on problems... more