Old Buildings Torn Down Near Razlog, More Construction Planned 04/09/2008
The demolition of 130 old, run-down buildings in a former industrial zone of 68.8 ha began near the city of Razlog, Stroitelsvo Gradut weekly has reported.Two production factories, which have been idle for more than five years, are also being pulled down. It has been said that the remaining construction waste will be recycled, and parts of it will be re-used for road construction. The cleaning process is not expected to take more than six months.The new owner, Pirinland Investments, has still not announced ideas for future development, and according to Stroitelstvo Gradut, the land plot is within 300m from a planned first-class golf course in the village of Dolno Draglishte. The company's initial plans are to reconstruct some of the production facilities and build new recreation and... more

Bulgaria And Romania With Highest Industrial Raise In Eu 17/07/2008
Bulgaria, Romania and Ireland show the highest raise of industrial production in EU in May this year, Eurostat data shows. The local industrial production registers a raise of 3,3% in May and 8,6% raise for the last year.The raise of the Romanian industry in May is 0, 5%, and for one year - 4,1%.The European industrial production has narrowed in May, compared to April and also compared to May last year.The sharpest drop is in Lithuania (-7, 5%), Netherlands (- 6,0), Portugal (- 5,7% ) and Latvia (- 5,6%).The industry in the Euro zone have tighten with 1, 9%, and of the European Union - 1,4%.Compared to May last year the production in the Eurozone have decreased 0,6% and in the EU - 0,5%. more

Property Prices In Bulgaria Rise Significantly 07/03/2008
The Bulgarian property market has returned to tendencies from two to three years ago, when increasing numbers of people bought terrains few kilometres off big seaside cities. In 2004 this tendency led to property price inflation. Many people back then purchased large properties for personal needs at cheaper prices. Land has now become more expensive and owners started re-selling, tempted by the prospects of easy money, 24 Chassa reported. Purchasers usually build small housing complexes and then sell to people wanting to live away from the densely-populated city centre. Brokers say one risk is that few people are ready to buy expensive newly-built houses such a distance away from the seashore. People started searching for houses in remote villages with good infrastructure and good... more